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Challenge

The purpose of the study was to analyze the technological trend of advanced functional materials as raw materials and manufacturing products, to lower the carbon application in metallurgical industries.

Our Solution

  • Functional composites are advanced functional materials which possess the desirable properties of various materials and utilize them to make a new functional material.
  • The demand for Advanced useful content is derived from industries such as electrical & electronics, energy & power, automotive, aerospace, and healthcare & pharmaceuticals. AFMs reduce the carbon footprint of the component in which it is incorporated in three ways: It consumes less energy during the manufacturing process; has a smaller carbon footprint during use and recycling.
  • Asia-Pacific is currently the largest market for advance functional material. The demand for advanced functional material is derived from end-user industries such as automotive, aerospace, consumer durables, electronics, healthcare, and energy. China, Japan, and South Korea are the major markets for AFM in Asia-Pacific.
  • Nanomaterials are currently the fastest-growing category of the advanced functional material market. The global nanomaterials market is growing with a CAGR of 19.7%. Nanomaterials are used in several industries due to its magnetic, optical, catalytic, and electronic properties. There are already established markets for nanomaterials such as titanium dioxide, zinc oxide, silicon oxide nanopowders and carbon nanotubes, nanofibers, nanosilver, nanoclays, quantum dots, and nanoporous materials.
  • Nanoparticles are used in applications such as filtration, electronics, cosmetics, energy, medicine, chemicals, coatings, and catalysts. A lot of research has been undertaken to explore other possible applications of nano-materials, and the segment is assured of growth in the future and create ample opportunity for the global advanced functional materials market
  • Advanced energy materials are used in applications such as batteries, solar cells, high energy density capacitors, super-capacitors and flywheels, among others. This segment of advanced functional materials has experienced steady growth in demand due to the advent of renewable energy systems and portable electronic devices.

Approach:

The report is an assemblage of qualitative and quantitative evaluation, actual information by our domain specialist analysts, inputs from industry experts and industry participants across the value chain. The testimony provides a thorough analysis of parent market trends, macroeconomic indicators and leading factors in company with market attractiveness as per segments. The qualitative impact of different market elements on market segments in the particular geographical region along with area wise technological dominance is also covered in the report.

The case study provides deep insights on the emerging technologies under advanced functional materials coverings segments of:

  • Nanoscale engineering, innovations and technology
  • Computational study and modelling of functional materials
  • Functional material in electronics, photonics and optoelectronic
  • Functional material-synthesis and characterizations

Study Highlights:

  • Detailed overview of current technology focus in the market
  • Changing market dynamics in the industry
  • In-depth technology segmentation
  • Projected market size regarding volume and value
  • Recent industry trends and developments
  • Competitive technological landscape
  • Strategies for key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Outcome

A list of technology trends, advantages and challenges were identified in the emerging area of advanced functional materials which helped the client to identify the technology and potential for his area of interest. The client was also able to understand the requirements of the future and how the company could focus its resources for better results in the advanced functional materials.

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