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Advanced Materials Global Market Forecast to 2025: Growing Demand, Key Trends, and Market Players
Advanced Materials Global Market Forecast
Rapid growth and significant advancements in the advanced materials market to drive market value to $92.71 billion in 2025 and $128.1 billion by 2029.
What Is The Projected Market Size Of The Advanced Materials Global Market And Its Growth Rate?
• This market, worth $87.15 billion in 2024, is projected to grow to $92.71 billion by 2025, representing a CAGR of 6.4%.
• The main growth drivers are increased demand from the aerospace and automotive industry, expanding electronics and electrical industry, and increasing focus on renewable energy.
• The advanced materials market is expected to continue growing to $128.1 billion in 2029 at 8.4% CAGR, thanks to increasing sustainable solutions, rapid expansion of 5G technology, and surge in electric vehicle production.
What Is Driving The Growth In The Advanced Materials Global Market?
Growth in the advanced materials market can be attributed to increased automotive production. The production of vehicles worldwide includes cars, trucks, motorcycles, which heavily utilize advanced materials for superior performance, safety, efficiency, and sustainability. Knowing that 85.4 million motor vehicles were produced worldwide in 2022, marking a 5.7% growth compared to 2021, the use of advanced material will inevitably soar, driving the growth of the market.
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Who Are the Key Players Driving Advanced Materials Global Market Growth?
The major players participating in the market are:
• Toyota Group
• Pfizer Inc.
• BASF SE
• Hitachi Chemical Co. Ltd.
• Volkswagen Group
• DowDuPont Inc.
• Saint-Gobain
• Hanwha Group
• Novartis
• Aluminum Corporation of China
• 3M Company
• Broadcom Ltd.
• HBIS Group
• Toray Industries Inc.
• Stanley Black & Decker
• Atlas Copco USA
• Owens Corning
• Teijin Limited
• Akzo Nobel N.V.
• Cytech Products Inc.
• Hexcel Corporation
• Morgan Advanced Materials PLC.
• Momentive Performance Materials Inc.
• New-Indy Containerboard LLC
• Tata Advanced Systems Limited.
• Thomas Swan And Co. Ltd.
• Optomec Inc.
• QD Vision Inc.
• Perpetuus Advanced Materials
• CM Tucker Lumber
• Plastics Advanced Research Technology Inc
• Reynolds Industries Inc.
• Quick Tech Machining Inc.
What Are The Key Trends In The Advanced Materials Global Market?
The market will likely be influenced by trends such as:
• 3D printing and additive manufacturing
• Energy storage materials
• Graphene and carbon nanotubes
• Advanced coatings
• Integration of artificial intelligence (AI).
What Are The Segments Of The Global Advanced Materials Market?
The advanced materials market is divided by:
1) Product Type: Polymers, Metals And Alloys, Glasses, Composites, Ceramics
2) Distribution Channel: Direct, Indirect
3) Applications: Medical Devices, Automotive, Aerospace, Electrical And Electronics, Industrial, Power, Other Applications.
Which Region Leads The Advanced Materials Global Market?
North America was the largest region in the advanced materials market in 2024. The extensive coverage of the report includes regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Advanced Materials Global Market Report?
• Market Size Analysis: Analyzes the market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identifies various subsegments within the market for effective categorization.
• Key Player Focus: Focuses on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examines individual growth trends and prospects in the Market.
• Market Contribution: Evaluates contributions of different segments to the overall market's growth.
• Growth Drivers: Details key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyzes challenges and risks affecting the market.
• Competitive Developments: Analyzes competitive developments, like expansions, agreements, and new product launches in the market.
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