Research and Markets has announced the addition of the "Global Advanced Functional Materials Market 2014-2018" report to their offering.
The analysts forecast the Global Advanced Functional Materials market will grow at a CAGR of 6.39% to 2018
Rising demand for advanced functional materials from the Transportation industry is expected to be a major driver for the Global Advanced Functional Materials market. Such demand can be primarily attributed to the trend of lightweight vehicles to improve fuel economy and the durability of transportation systems. This, in turn, is expected to result in an increased demand for materials such as nanomaterials and nanocomposites, which provide a high potential for both weight reduction and enhanced performance. Also, increasing use of composites instead of conventional materials is expected to drive market growth.
According to the report, many drivers are contributing to the growth of the Global Advanced Functional Materials market, the most important of which is an increase in demand from the Electrical and Electronics industry.
Further, the report states that one of the major challenges in the market is production constraints. Issues with scaling-up production quantities to meet industrial demand is restricting market growth.
There are five major types of advanced functional materials, which are used in low carbon applications:
- Advanced functional composites
- Advanced functional ceramics
- Advanced energy materials
- Conductive polymers
The major end-user categories of these materials include industries such as:
- Electrical and Electronics
- 3M Co.
- Bayer AG
- Momentive Performance Materials Inc.
Other Prominent Vendors
- 3A Composites International AG
- Air Products and Chemicals Inc.
- Ametek Inc.
- Applied Materials Inc.
- Applied Nanotech Holdings Inc.
- BASF SE
- Cambridge Display Technology Ltd
- CNano Technology Ltd.
- CPS Technologies Corp.
- Deutsche Edelstahlwerke GmbH
- Kyocera Corp.
- LDK Solar Hi-Tech Co. Ltd
- Materion Corp.
- Murata Manufacturing Co. Ltd
- ReneSola Ltd.
- Samsung Electro-Mechanics Co. Ltd
- Showa Denko K.K.
- SunEdison Inc.
- Wacker Chemie AG
For more information visit http://www.researchandmarkets.com/research/jhtsdw/global_advanced