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| A10768 | Pages: NA | May 2022 | 461 Views | | |
| Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Advanced Functional Materials Market
Request Now !Advanced functional materials are special quality compounds that exhibit superior properties such as high mechanical strength, resistance to corrosion, flexibility and high thermal &chemical stability. The advanced functional materials refer to a group of different compounds including ceramics, nanomaterials, composites and conductive polymers. Due to their superior properties, advanced functional materials have a wide range of applications in different end-use industries including healthcare, electronics, aerospace, automobile and others.
Scope of the report
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, End-Use and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia Pacific LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA) |
Companies covered | Applied Nanotech Holdings, Inc., CNANO Technologies Ltd., 3M, Arkema Group., Evonik Industries AG., Covestro AG, BASF SE, Kyocera Corporation, Momentive Performance minerals, Bayer AG, DuPont, and Samsung Electro Mechanics Company |
COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
One of the major factorsin the global advanced functional materials market is its extensive use in the electronics and healthcare sector. With rapid technological development in the field of nanotechnology, there is a growing usage for nanomaterials in the healthcare industries for diagnosis, drug delivery and other applications. On the other hand, the advanced functional materials also have a wide range of applications in the electronics sector during the production of high energy density capacitors, super capacitors, batteries and other products. Several advanced materials are also used in the automobile and aerospace industries in order to produce lightweight and efficient vehicles as well as aircrafts. The wide range of applications of advanced functional materials in the different end-user industries is expected to boost the demand for these compounds in the near future. However, high prices of these materials are expected to act as a restraining factor for the market.
The market in the Asia-Pacific accounts for a major share of the global advanced functional materials market owing to high demand for these materials in the electronics and automobile sector present. The market in Europe and North America is also expected to grow at a significant pace due to rapid growth in the healthcare and manufacturing sector in the developed nations of these regions.
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Questions answered in the advanced functional materials market research report:
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