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Research Report and Overview on Advanced Functional Materials Market, 2014-2020

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Future Market Insights has announced the addition of the “ Advanced Functional Materials Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020”report to their offering.

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Advanced Functional

Materials Market

Share, Global Trends,

Analysis, Research, Report,


Segmentation and Forecast,


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Report Description

Report Description

Advanced functional materials offer a huge scope for study, as its horizon encompasses

a wide range of products and applications across industries. Functional materials are

generally considered to be materials which posses some native functional properties,

and not materials with just load bearing capabilities. The advanced functional materials

can be segmented by product types into: advanced functional ceramics, advanced

functional composites, nano materials, advanced energy materials, and conductive

polymers among others. These functional materials find applications in a host of end

user applications.

Advanced functional ceramics are used as components in electronic and electrical

devices. Functional ceramics also finds extensive bio-medical applications. Apart from its

use in manufacturing of medical devices, it is also used as femoral heads and acetabular

cups in the hip replacement procedure. Functional ceramic is also used for dental

implants and as scaffolds and bone fillers for tissue engineering. Advanced ceramic

materials play a key role in the development of many fields such as energy and

environmental technology, transportation and production technology. Nano materials

also have interdisciplinary functions and are used in various applications in different

chemicals, materials, electronic products, healthcare, pharmaceuticals, and aerospace

industry. 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.


Report Description

Report Description

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Functional composites harness the desirable properties of several materials and

combine them to produce a new functional material. Functional composites are

extensively used in electronics, building and construction, automotive, marine and

aerospace applications. It is also used to manufacture pipes, tanks and other consumer

goods. Advanced energy materials refer to the materials which functionally store energy.

These materials are used in applications such as batteries, flywheels, solar cells, super

capacitors, and high energy density capacitors among others. This segment has

witnessed strong demand due to the advent of portable electronic devices and

renewable energy systems. The segment is also expected to grow faster than the

industry growth rate with the growth in demand for advanced technologies across the

world. Conductive polymers are organic polymers with the capability to conduct

electricity. It is preferred to the metallic conductors, mainly due to their processability

through dispersion.

The largest market for advanced functional materials is Asia Pacific region. The demand for the

different kinds of functional materials in this region is high due to the presence of manufacturing

economies in this region. Automotive, aerospace, and electronics account for the bulk of the


Report Description

Report Description

demand. China, India, Japan and South Korea are the main markets in this region. The demand

from Asia Pacific was followed by that from North America and Europe. The Asia Pacific market

is expected to witness the highest growth.

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Advanced functional composites are the largest market by product type. The market can be

further sub segmented into metal matrix composites and fiber reinforced plastics by types. The

advanced functional composites can be classified by strengthening mechanism into particle

reinforced composite, fiber reinforced composite and dispersion strengthened. The fastest

growing segment in advanced functional materials is nano particles, and it is expected to out-

perform other functional materials in the foreseeable future.

There are a lot of companies participating in the lucrative market. Some of the big players in

advanced functional materials market are 3M Company, Applied Materials, Inc., CNANO

Technologies Ltd., Bayer AG, Applied Nanotech Holdings, Inc and Samsung Electro-Mechanics

Co., Ltd. among many others.

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