Advanced Functional Materials Market with Covid-19 Effect Analysis Growth by Top Companies, Types and Application, Forecast to 2028
The global advanced functional materials market is estimated to project USD 86.02 billion in 2019 and anticipated to grow with a CAGR of 7.6% by 2028.
Dallas, United States – April 26, 2021 /MarketersMedia/ —
Increasing utilization of the advanced functional materials in the electrical and electronics industry, increasing applications of the products in bio medical applications as well as usage of the product in the femoral heads and acetabular cups are the major factors that are contributing to the growth of global advanced functional materials market over the coming years. Further, rising research and development activities as well as growing investments in the sectors are further creating opportunities for the expansion of global advanced functional materials market in the coming years. Also, several beneficial properties of the product makes it very useful in several industries such as construction, electronics, aerospace, marine and others.
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Increasing advancements in the technology as well as growing implementation of new technologies in various industries either to provide convenience to the customers or for smoothening the processes and tasks of the employees and operations are the major factors that are creating opportunities for the growth of global advanced functional materials market in the coming years. Moreover, rising usage of electronics and electrical devices among the population to gain comfort and save time for various applications in the households as well as in companies are further creating a positive impact on the industry growth over the analysis time frame. Further, rising urbanization, industrialization and immigration of people across the globe requires high quality infrastructure for offices, hospitals, libraries, schools, colleges, recreation activities and other purposes, which is creating opportunities for the growth of global advanced functional materials market over the analysis time frame.
However, rising cases of the covid-19 pandemic has caused disturbances in the entire supply chain ecosystems due to the imposition of travel bans across various nations around the globe, as well as hampered the production of the items, thereby hindering the market growth in recent times.
Speaking of a regional frame of reference, the global advanced functional materials market in is fragmented into Saudi Arabia, Germany, Netherlands, Sweden, Italy, Malaysia, India, Egypt, United States, Canada, Turkey, Korea, Philippines, Poland, Nigeria, UAE, Columbia, Switzerland , China, France, South UK, Chile, Belgium, Thailand, Australia, Spain, and Rest of the World. Based on type, the industry is segmented into Ceramics, Composites, Conductive polymers, Nanomaterials, and Energy materials. Considering the competitive spectrum, the market is segmented into Arkema SA, 3M Co., BASF SE, Covestro AG, Dow Inc., DuPont de Nemours Inc., Schweiter Technologies AG, CPS Technologies Corp., Hexcel Corp., and Sumitomo Chemical Co. Ltd.
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Key Segments of the Global Advanced Functional Materials Market
Type Overview, 2018-2028 (USD Million) (Kilo Tons)
Advanced functional ceramics
Nano-materials
Advanced energy materials
Conductive polymers
Others
End-users Overview, 2018-2028 (USD Million) (Kilo Tons)
Healthcare
Electrical and Electronics
Energy
Automobile
Electrical and Electronics
Chemical
Aerospace
Manufacturing
Building & Construction
Some Major Points from Table of Contents:
Chapter 8 Competitive Landscape
8.1 Overview
8.2 Strategic Initiatives
8.2.1 Mergers & Acquisitions
8.2.2 New Product Launch
8.2.3 Investments
8.2.4 Expansion
8.2.5 Customer Targeting
Chapter 9 Company Profiles
9.1 BASF SE
9.1.1 Overview
9.1.2 Products and Services Portfolio
9.1.3 Recent Initiatives
9.1.4 Company Financials
9.1.5 SWOT
9.2 Arkema SA
9.2.1 Overview
9.2.2 Products and Services Portfolio
9.2.3 Recent Initiatives
9.2.4 Company Financials
9.2.5 SWOT
9.3 Lubrizol Corporation
9.3.1 Overview
9.3.2 Products and Services Portfolio
9.3.3 Recent Initiatives
9.3.4 Company Financials
9.3.5 SWOT
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