Advanced Materials Market Report 2021 – Latest Analysis Report, Post COVID-19 Growth Projection, High CAGR, Expected Demand and Revenue, New Market Trends and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Advanced Materials Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Advanced Materials Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Advanced Materials are defined as materials, both new and already existing materials, with various modifications taking place in the existing materials, in such a way to increase the quality of performance, whether it is limited to a single characteristic or higher number of characteristics that are significant for the application under consideration. The properties present in advanced materials are of a greater quality that is considered to be better than conventional materials in their applications.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

The global advanced materials market is anticipated to record a CAGR of 3.65% over the forecast period, i.e. 2020-2027. Factors such as increasing research and development activities for advanced materials, followed by growing automobile industry and wide-scale application of advanced materials in end-user industries are anticipated to promote significantly towards the growth of the global advanced materials market. According to the statistics by the European Automobile Manufacturers’ Association (ACEA), Greater China, Europe, and North America registered the highest production of motor vehicles in the year 2016 with a value of 28413 thousand units, 22090 thousand units, and 18299 thousand units respectively.

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The advanced materials market consists of various segments that are segmented by product, end-user and by region. The product segment is sub-divided into structural material, functional material, and emerging material. Out of these, the structural material segment is projected to grow at a CAGR of 2.72% over the forecast period. On the basis of end-user, the buildings and construction segment is anticipated to hold the biggest market share and reach a CAGR of 2.47% during the forecast period, on account of the construction of the large number of buildings taking place in various regions across the globe.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Based on the region, the global advanced materials market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to witness the highest CAGR of 4.74% over the forecast period, on account of factors such as automobile and aerospace industry witnessing significant growth in the region, apart from undergoing faster expansion over the past few years.

Additionally, advanced technologies are being adopted on a larger scale, including abundant mineral resources present in the region that are helping drive the demand for advanced materials in the region. The market in the Asia Pacific region had accounted for 59.1% of the market share in the year 2017 and is estimated to grow at a CAGR of 3.22% over the forecast period, with several industries being set up, in addition to growth in manufacturing activities being witnessed in the region. Moreover, the rapid rate at which urbanization had been affecting the region, as well as industrialization taking place in Asian nations such as China and India, are all anticipated to boost the growth of the market in the next decade.

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Some of the key industry leaders in the global advanced materials market are Morgan Advanced Materials, Huntsman Corporation, Hexcel Corporation, Hanwha Advanced Materials, Perpetuus Advanced Materials, Thomas Swan & Co. Ltd., Tata Advanced Materials Ltd., 3M Company, Wolverine Advanced Materials, and DowDuPont Inc.

Table of Content:

  • Executive Summary
  • Research Methodology
  • Global Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Global Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

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