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Advanced Functional Materials
Advanced functional materials are an obvious diversification from conventionally used materials. Manufacturers across the world are compelled to develop sustainable materials that can address the escalating cost of energy. Advanced functional materials answer the intricate questions regarding sustainability not only at present but also in the near future.
Advanced functional materials for low carbon applications is a detailed market intelligence report on emerging functional materials. It makes an effort to estimate the market for each of the different categories of functional materials till 2018, both in volume and revenue.
The report provides premium content about the different market segments of advanced functional materials, its market dynamics, trends and global outlook. The report analyses the value chain of advanced functional materials. It helps the reader get a better understanding of the multi-staged flow of raw materials to the finished product through the various distribution channels and for the diverse end use industries. The reader can also learn about the various key factors that are expected to drive the market, important opportunities and issues that may restrain the market. Prevailing market entry factors are analyzed through Porterís five force model.
The report categorizes AFMs into five different segments. These are advanced functional ceramics, composites, energy materials, conductive polymers and nanomaterials.
Advanced functional ceramics are wear-resistant, corrosion-resistant, and lightweight, that can withstand high temperatures. These properties allow advanced functional ceramics to be used in industries such as power generation, aerospace, transportation, and military applications. Electrical & electronics, transportation, machinery and healthcare are the major applications for advanced functional ceramics. Asia-Pacific with a CAGR of 9.0% is the fastest growing market for advanced functional ceramics.
Advanced functional composite is a class of materials formed by combining two or more distinct materials, each of which retains its own distinctive properties, to create a new material with properties that cannot be achieved by any of the components acting alone. Advanced functional composites are used in systems to reduce its weight and increase strength. The result of these to parameters is increased service life and lower energy consumption, thus justifying their intended use of reducing the carbon footprint of the system. Major applications of advanced functional composites include automotive, marine, green energy, aerospace, electrical & electronics, consumer durables and building & construction. Renewable power generation equipment with a CAGR of 10.5% is the fastest growing application for advanced functional composites.
Advanced energy materials in the context of this report include photovoltaic energy materials or photovoltaic wafers. These are a class of materials capable of converting solar energy to usable electric current. Asia-Pacific with revenue of $7.1 billion is the largest market for advanced energy materials.
Conductive polymers, also known as electro-active polymers are used in various electronic applications, such as in sensors, actuators, batteries, capacitors, for electrostatic discharge, electromagnetic interference, and antistatic packaging. The global market for conductive polymer is expected to with a CAGR of 7.6% to reach $3.6 billion by 2018. Asia-Pacific is the fastest growing market for conductive polymers. Electrostatic discharge protection devices are the largest application for conductive polymers.
Nanomaterials are an important product of nano-technolology. Nanomaterials are involved in manufacturing of specialty chemicals, high end electronic devices, healthcare drugs & devices and aerospace components. Nanomaterials with a CAGR of 18.5% are the fastest growing category of AFM.
This report also profiles major manufacturers of AFMs such as 3M Company, Applied Materials Inc., Ceradyne Inc., DuPont, Momentive Performance Materials Inc. etc. The report also enlists the patents filed by these manufacturers in their particular segments and also presents a geo-specific patent analysis of the global AFM market.
Advanced Functional Material Market For Low Carbon Applications By Categories (Ceramics, Composites, Energy Materials, Conductive Polymers & Nanomaterials), Applications (Chemicals, Electronics, Healthcare & Transportation) & Geography - Global Trends & Forecasts To 2018
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