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Auxetic Materials Market Latest Trends, Growth and Forecast Analysis up to 2025

01-11-2018 08:04 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparecny Market Research

/ PR Agency: Transparecny Market Research
Auxetic Materials Market Latest Trends, Growth and Forecast

Auxetic materials are metamaterials or man-made materials having a particular structure on a macroscopic level. These structures contain hinge-like features which change shape when a force is applied. Auxetic materials often possess a foam structure and have relatively low-density. These materials may occur in nature; however, they are very rare to find. For instance, some rocks and minerals demonstrate auxetic properties. These materials have negative Poisson’s ratio, and they become thicker if stretched along their length. Furthermore, it becomes thinner when compressed length-wise.

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Auxetic materials are resistant to denting as well as fracture, thus have potential to fill major cracks in various end-use applications. Auxetic materials are utilized in various fields such as biomedical, filters, and auxetic fibers. They are used to dilate blood vessels during heart surgery and can be utilized in surgical implants and prosthesis. They are also employed as anchors to hold sutures, muscles, and ligaments in place. Filters made from auxetic foam materials are easy to clean due to their pore structure; therefore, are widely used in the food & beverage industry. Auxetic materials play an important role in the manufacturing of crash helmets, body armors, and sports clothing, as they provide resistance against cracks and dents. These materials are also utilized in the aerospace industry.

Based on the material structure, the global auxetic materials market can be segmented into: structural material structure and functional material structure. Structural materials provide improve the mechanical or physical properties of these materials. Functional materials are designed to detect events or stimuli that occur during their lifetime. These materials are still in their developing stages and various research institutes are working towards scaling up the production of auxetic material into industrial level. Demand for these materials is expected to rise significantly during the forecast period.

Rising need for protective clothing in industrial and defense sectors and in the field of biomedical due to its superior energy absorption and impact resistance properties are prime factors driving the market. These materials possess few drawbacks such as they are often too porous and are not dense enough for load bearing. This is anticipated to hinder the auxetic materials market. However, rise in research & development activities, by various research institutes, to enhance their properties in load bearing applications are expected to provide lucrative opportunities to manufacturers.

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In terms of geography, the auxetic materials market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, North America is leading the market followed by Europe. Rise in research activities for protective clothing and accessories by various automotive and space research organization such as NASA, is projected to increase the demand for auxetic materials in the region. For instance, recently, the U.S. Office of Naval Research (ONR) has filed proposal in field of “Applications of Auxetic Textiles for Military Protective Clothing” under the Small Business Technology Transfer (STTR) program. This would influence the demand for auxetic textile in turn auxetic materials in the U.S. market.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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