Market Research Logo

Global Advanced Functional Materials Market 2019-2023

Global Advanced Functional Materials Market 2019-2023

Global Advanced Functional Materials Market: About this market

Advanced functional materials exhibit several exceptional properties, such as high resistance to bending, stretching, melting, corrosion, and wear and tear. Technavio’s advanced functional materials market analysis considers sales from types including composites, ceramics, energy materials, nanomaterials, and conductive polymers. Our analysis also considers the sales of advanced functional materials in APAC, Europe, North America, South America, and MEA. In 2018, the composites segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the rising concerns over aircraft weights in the aviation industry will play a significant role in the composites segment to maintain its market position. Also, our global advanced functional materials market report looks at factors such as the increase in automotive regulatory requirements, growing demand for fuel-efficient aircraft and locomotive, and technological advances in medical and diagnostic devices. However, fluctuating raw materials prices and high cost of materials, concerns regarding the performance of advanced functional materials, and limitations in recyclability of lightweight materials may hamper the growth of the advanced functional materials industry over the forecast period.

Global Advanced Functional Materials Market: Overview

Technological advances in medical and diagnostic devices

The medical and healthcare industries are using advanced functional materials for a wide range of applications. Advanced functional materials can be shaped into complex designs. As a result, they are used in diagnostic devices such as disposable thermometers and medical imaging scanners. These applications will lead to the expansion of the global advanced functional materials market at a CAGR of over 7% during the forecast period.

Increasing need for miniaturization and microelectronics

The development of small and compact devices is gaining traction in the market as advanced functional materials are extensively used in these devices to minimize the overall power consumption of miniature electronics. Also, the flexible substrate technology is used to develop miniaturized electronic devices. This will boost the demand for advanced functional materials and is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global advanced functional materials market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global advanced functional materials market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading advanced functional materials manufacturers, that include 3M Co., Arkema SA, BASF SE, Covestro AG, and DowDuPont Inc.

Also, the advanced functional materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global polymer market
      • Table Segments of global polymer market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Composites - Market size and forecast 2018-2023
      • Table Composites - Market size and forecast 2018-2023 ($ billions)
      • Table Composites - Year-over-year growth 2019-2023 (%)
    • Ceramics - Market size and forecast 2018-2023
      • Table Ceramics - Market size and forecast 2018-2023 ($ billions)
      • Table Ceramics - Year-over-year growth 2019-2023 (%)
    • Energy materials - Market size and forecast 2018-2023
      • Table Energy materials - Market size and forecast 2018-2023 ($ billions)
      • Table Energy materials - Year-over-year growth 2019-2023 (%)
    • Nanomaterials - Market size and forecast 2018-2023
      • Table Nanomaterials - Market size and forecast 2018-2023 ($ billions)
      • Table Nanomaterials - Year-over-year growth 2019-2023 (%)
    • Conductive polymers - Market size and forecast 2018-2023
      • Table Conductive polymers - Market size and forecast 2018-2023 ($ billions)
      • Table Conductive polymers - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ billions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision Framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing need for miniaturization and microelectronics
    • Innovation and focus on use of lightweight materials in new energy vehicles
    • Growing demand from APAC
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • 3M Co.
      • Table 3M Co. - Vendor overview
      • Table 3M Co. - Business segments
      • Table 3M Co. - Organizational developments
      • Table 3M Co. - Geographic focus
      • Table 3M Co. - Segment focus
      • Table 3M Co. - Key offerings
    • Arkema SA
      • Table Arkema SA - Vendor overview
      • Table Arkema SA - Business segments
      • Table Arkema SA - Organizational developments
      • Table Arkema SA - Geographic focus
      • Table Arkema SA - Segment focus
      • Table Arkema SA - Key offerings
    • BASF SE
      • Table BASF SE - Vendor overview
      • Table BASF SE - Business segments
      • Table BASF SE - Organizational developments
      • Table BASF SE - Geographic focus
      • Table BASF SE - Segment focus
      • Table BASF SE - Key offerings
    • Covestro AG
      • Table Covestro AG - Vendor overview
      • Table Covestro AG - Business segments
      • Table Covestro AG - Organizational developments
      • Table Covestro AG - Geographic focus
      • Table Covestro AG - Segment focus
      • Table Covestro AG - Key offerings
    • DowDuPont Inc.
      • Table DowDuPont Inc. - Vendor overview
      • Table DowDuPont Inc. - Business segments
      • Table DowDuPont Inc. - Organizational developments
      • Table DowDuPont Inc. - Geographic focus
      • Table DowDuPont Inc. - Segment focus
      • Table DowDuPont Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report