Dublin, July 09, 2019 (GLOBE NEWSWIRE) -- The "Global Advanced Functional Materials Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Technological advances in medical and diagnostic devices
The medical and healthcare industries are using advanced functional materials for a wide range of applications. Advanced functional materials can be shaped into complex designs. As a result, they are used in diagnostic devices such as disposable thermometers and medical imaging scanners. These applications will lead to the expansion of the global advanced functional materials market at a CAGR of over 7% during the forecast period.
This advanced functional materials market analysis considers sales from types including composites, ceramics, energy materials, nanomaterials, and conductive polymers. The analysis also considers the sales of advanced functional materials in APAC, Europe, North America, South America, and MEA.
In 2018, the composites segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the rising concerns over aircraft weights in the aviation industry will play a significant role in the composites segment to maintain its market position.
Also, the market report looks at factors such as the increase in automotive regulatory requirements, growing demand for fuel-efficient aircraft and locomotive, and technological advances in medical and diagnostic devices.
However, fluctuating raw materials prices and high cost of materials, concerns regarding the performance of advanced functional materials, and limitations in recyclability of lightweight materials may hamper the growth of the advanced functional materials industry over the forecast period.
Increasing need for miniaturization and microelectronics
The development of small and compact devices is gaining traction in the market as advanced functional materials are extensively used in these devices to minimize the overall power consumption of miniature electronics. Also, the flexible substrate technology is used to develop miniaturized electronic devices. This will boost the demand for advanced functional materials and is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global advanced functional materials market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading advanced functional materials manufacturers that include: 3M Co, Arkema, BASF, Covestro, and DowDuPont.
Also, the advanced functional materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Comparison by type
- Composites - Market size and forecast 2018-2023
- Ceramics - Market size and forecast 2018-2023
- Energy materials - Market size and forecast 2018-2023
- Nanomaterials - Market size and forecast 2018-2023
- Conductive polymers - Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Increasing need for miniaturization and microelectronics
- Innovation and focus on use of lightweight materials in new energy vehicles
- Growing demand from APAC
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- 3M Co.
- Arkema S.A.
- BASF SE
- Covestro AG
- DowDuPont Inc.
For more information about this report visit https://www.researchandmarkets.com/r/md5h3m
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