Scope & Importance

Market Analysis

Materials Science Market Overview

Advanced Materials Market is forecast to reach $2.1 trillion by 2025, after growing at a CAGR of 4.5% during 2020-2025. Advanced Materials is a promising technology transforming the global manufacturing industry, especially in its replacement of plastics and metals with ceramics and composites in high-performance applications. Growing public interest towards end products replacements will further enhance the overall market demand for advanced materials during the forecast period.

The global polymer market was valued at $533.6 billion in 2019, and is projected to witness a CAGR of 5.1% during the forecast period (2020–2030), to reach $838.5 billion by 2030. This is majorly attributed to the increasing demand for the product in the packaging, automotive, and electronics industries. Furthermore, plastics are those polymers that are highly demanded in the packaging industry, owing to their attributes, such as lightweight, flexibility, strength, transparency, impermeability, ease of sterilization, low cost, easy manufacturing, and great resistance to physical ageing and biological degradation.

The global Smart Materials Market size is expected to value at USD 98.2 billion by 2025. The market is subject to witness a substantial growth due to the growing demand of electronic devices such as sensors and actuators in various end-user industries, and aerospace & defense sector. Globally, the smart materials industry is predicted to grow at CAGR of 13.5% in forecast period, providing numerous opportunities for market players to invest for research and development in the market. Global Smart Material Market is valued at USD 44.52 Billion in 2019 and expected to reach USD 110.18 Billion by 2026 with the CAGR of 13.82% over the forecast period.

The global biomaterials market is expected to grow from USD 35.5 billion in 2020 to USD 47.5 billion by 2025, at a CAGR of 6.0 percent over the forecast period. Rising funds and grants from government bodies worldwide for the development of novel biomaterials, rising demand for medical implants, and the rising incidence of cardiovascular diseases, as well as increased research on regenerative medicine, is driving market growth.

Materials Science Market Overview in USA

The Nanotechnology market in the U.S. is estimated at US$16 Billion in the year 2020. The country currently accounts for a 29.53% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$22.1 Billion in the year 2027 trailing a CAGR of 12.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.4% and 11% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR while Rest of European market (as defined in the study) will reach US$22.1 Billion by the year 2027. The global nanomaterials market is expected to reach USD 57,608.26 million by 2026, growing at a CAGR of 19.86% during the forecast period (2021-2026). Growing Usage of Nanomaterials in Healthcare Industry and Increasing Usage of Nanomaterials in Water Treatment Applications are expected to drive the demand for nanomaterials in the market.

In the U.S, the demand for composites is primarily driven by the increasing demand for lightweight materials in the automotive industry. Rising electrical and electronics capacity additions and steady growth in the automotive and aerospace sectors are the factors that are expected to augment the market growth over the forecast period. The global composites market size was estimated at USD 89.04 billion in 2019 and is expected to expand at a compounded annual growth rate (CAGR) of 7.6% from 2020 to 2027. The market is majorly driven by increasing demand for lightweight materials in various industries such as automotive and transportation, wind energy, and aerospace and defense. Increasing demand for composites in the automotive industry is anticipated to boost the market growth over the forecast period.

The biomaterials market in North America is projected to reach USD 33643 million by 2020, up from an estimated USD 65730 million in 2025, at a CAGR of 14.33 percent and positioned as the top performing region in the global biomaterials market. Many patients around the world have had the quality of their lives improved in a short period of time thanks to the use of an implanted device. Metals, ceramics, polymers, and a variety of composites are used to construct these devices. As we approach the end of the twentieth century, the success of using these materials is increasing, owing to both improved surgical skills and a better understanding of how the body interacts with such devices.

The US graphene market is expected to reach US$59.01 million in 2024, growing at a CAGR of 22% between 2020 and 2024. The market expanded as a result of factors such as rising air pollution in the United States, increased nuclear electricity generation volume, and a growing clean water shortage. The rising demand for graphene electronics is also expected to drive growth in the US graphene market in the coming years. However, the market would face challenges due to graphene's limited production volume.

The carbon fibre market in the United States is expected to grow significantly at a CAGR of around 8.6 percent during the forecast period, owing to its use in a variety of industries such as aerospace and defense, automobile, power generation, and construction, among others. According to the International Trade Administration, the aerospace industry in the United States is one of the largest in the world (ITA). The increasing demand for lightweight materials in the aviation industry, as well as the ability of carbon fibre components to perform better at high temperatures, is the primary driving factors for this market.

The United States polymer emulsion market is estimated to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period. The major factors driving the growth of the market studied are growing awareness with regard to volatile organic compound (VOC) and increasing demand from various end-user industries in the United States.

Materials Science Market Overview in Europe

The Europe composites market size was valued at USD 16.6 billion in 2018 and projected to grow with a 7.5% CAGR over the forecast period, from 2019 to 2025. Rising demand for lightweight materials across several industries such as transportation, aerospace & defense, wind and automotive is expected to drive the market growth. Moreover, factors like rising product demand from the automotive industry and growing demand for wind energy applications are driving the market growth.

The Europe Nanomaterial Market generated revenue of $2,536 million in 2015 and is expected to reach $9,078 million by 2022 with a CAGR of 20.0% during 2016-2022. The global market for nanomaterials is estimated at 11 million tonnes at a market value of €20 billion. The current direct employment in the nanomaterial sector is estimated at 300,000 to 400,000 in Europe. It is still dominated by materials which have been in use for decades, such as carbon black (mainly used in tyres) or synthetic amorphous silica (used in a wide variety of applications including tyres, as polymer filler but also in toothpaste or as anticoagulant in food powders).

The Europe Piezoelectric Materials Market is expected to witness market growth of 3.5% CAGR during the forecast period (2017 - 2023). Piezoelectric materials are highly agile, can change shape and are highly stiff when exposed to mechanical stress. Therefore, these materials are majorly used in wide range of electronic goods such as actuators, sensors, transducers, SONAR, generators and motors.

Europe automotive interior materials market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 12.65 billion by 2027 growing at a CAGR of 3.45% in the above-mentioned forecast period. The optimization of fuel efficiency by reducing the overall weight of the vehicle will help in driving the growth of the automotive interior materials market.

The Europe Thermal Interface Materials Market would witness market growth of 11.9% CAGR during the forecast period (2020-2026). Thermal interface materials are applied between two hard surfaces for conducting heat and find its usage at times of greater demand for modern electronic devices. Commercial availability of different thermal interface materials in an array of forms coupled with growing applications in the electronic industry is anticipated to increase the penetration over the coming years.

The Europe advanced ceramics market is estimated to register a CAGR of 9.71%, during the forecast period, 2018-2023. Germany is estimated to dominate the market in the region owing to the strong automotive and electronics industry. The Europe ceramic tiles market is predicted to register a CAGR of 4.19% in terms of revenue, and a CAGR of 4.11% in terms of volume, during the forecast period, 2020-2028. The estimated factors responsible for projecting market growth are the increasing awareness of ceramic tiles benefits and the increasing applications of ceramic tiles like households and hospitals. Ceramic tiles have been used in Europe for a long time.

The Europe Smart Materials Market would witness market growth of 12.1% CAGR during the forecast period 2017-2023. Smart materials exhibit responsiveness in a controlled manner in environments that change. With a unique molecular structure, smart materials respond to a wide array of external stimuli such as electric fields, magnetic fields, pressure, temperature, moisture, and chemicals. The EU Directive on Restriction of Hazardous Substances (RoHS) has led to ban on the use of lead oxides in the production process, as these substances are toxic to the natural environment.

Materials Science Market Overview in Asia

The opaque polymers market is expected to grow during the forecast period of 2020 to 2027. According to Data Bridge Market Research, the market is expected to grow at a CAGR of 7.3 percent from 2020 to 2027, reaching USD 1,141,949.17 thousand by 2027. The increasing use of opaque polymers in paints is one of the factors driving market growth. The Asia-Pacific region dominates due to the large populations of countries such as China and Japan, which boosts consumer demand for coatings. Another reason for increased demand for opaque polymers is raising titanium dioxide prices.

The Asia-Pacific Advanced Energy Materials Market was worth $7,518.02 million in 2012, and it is expected to grow to $10,513.86 million by 2018, at a CAGR of 6.2 percent over the forecast period. The Asia-Pacific Advanced Energy Materials market has grown significantly in recent years and is expected to grow even faster in the next five years; there are two types of photovoltaic materials: crystalline silicon solar cell material and thin film solar cell material. Crystalline silicon solar cells are a popular type of photovoltaic material in Asia-Pacific.
The Asia-Pacific advanced ceramics market is expected to grow at a moderate rate between 2018 and 2023. The market is being driven by a number of factors, including increased demand from various applications and increased usage as an alternative to metals and plastics, as well as the fact that these advanced ceramics are environmentally friendly and reliable to use.

The Asia-Pacific construction composites market is expected to grow at the fastest rate, with a CAGR of 5.89 percent from 2017 to 2026. The market value is expected to be nearly $ 2993 million by the end of 2026. Rapid industrialization, a greater emphasis on development, and a thriving housing and construction industry, particularly in countries such as India and China, are the factors driving demand for construction composites in the Asia-Pacific region. The Indian market is expected to emerge as the clear winner in terms of CAGR growth at the end of the forecast period. Construction accounts for nearly 40% to 50% of India's capital expenditure for a variety of projects such as highways, roads, railways, and energy. India's wind power construction composite consumption has surpassed China's.

East Asia's semiconductor market is expected to grow by $84.41 billion between 2021 and 2025, at a CAGR of nearly 6%. The market is being driven by the expansion of the consumer electronics market, the expansion of the LED segment in South Korea, and the continued expansion of the global semiconductor industry. The review on the East Asian semiconductor market provides a comprehensive analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering approximately 25 vendors.

During the forecast period, the Asia Pacific Fiber Optics Market would grow at a CAGR of 7.3 percent (2017-2023). Because of technological advancements and rapid adoption of technology in the IT & telecommunications and administrative sectors, the Asia Pacific region is a market space with tremendous market opportunities. The rapid adoption of technology in the medical sector is expanding market opportunities in the region.

The Asia Pacific wood-plastic composites market is expected to grow significantly and reach a CAGR of 13.28 percent in terms of revenue between 2020 and 2028. Furthermore, the market is expected to grow at an 11.82 percent CAGR in terms of volume during this time period. The rising demand for wood-plastic composites in construction and building components, as well as increased usage in outdoor applications, are the major factors driving market growth in the region.
The Asia-Pacific insulation materials market is expected to reach $50,035 million by 2023, expanding at a 7.4 percent CAGR between 2017 and 2023. Insulation materials are materials that are used to protect a building, vehicle, instrument, or anything else from heat, electricity, or sound.

During the forecast period, the Asia Pacific Piezoelectric Materials Market is expected to grow at a CAGR of 4.7 percent (2017 - 2023). When subjected to mechanical stress, piezoelectric materials are highly agile, can change shape, and are extremely stiff. As a result, these materials are widely used in a variety of electronic products such as actuators, sensors, transducers, SONAR, generators, and motors. The consumer goods sector has seen significant gains in the electronics sector, particularly in China, Japan, and South Korea.

During the forecast period, the Asia-Pacific Seed Coating Materials market is expected to grow at an 8.0 percent CAGR (2020-2025). The Asia-Pacific region has the fastest-growing market, with increased farmer awareness being the primary driver of this growth. The increasing adoption of advanced farming technologies, as well as rising awareness about the benefits and superior performance of coated seeds over uncoated variants, are the major drivers for this market.

Materials Science Market Overview in Middle East

The Latin America, Middle East, and Africa (Lamea) Insulation Materials Market is expected to reach $3,030 million by 2023, expanding at a 6.9 percent CAGR. Insulation materials are used to prevent heat, electricity, or sound from penetrating a structure. The market for insulation materials is divided into three broad categories: thermal insulation, electrical insulation, and heat insulation. The installation of high-quality insulation materials is critical to the effectiveness of an insulation system.

During the forecast period, 2020-2025, the Africa Middle East Automotive automotive glass fibre composites market is expected to grow at a CAGR of more than 4.5 percent.

During the forecast period, the Middle-East and Africa thermoplastics market is expected to grow at a CAGR of around 5%. Rising prices from key end-user industries is expected to drive market growth over the forecast period.

The advanced ceramics market in the Middle East and Africa is expected to reach US$6.100 billion in 2023, up from US$4.477 billion in 2017, at a CAGR of 5.29 percent over the forecast period. International players are increasingly focusing on expanding their presence in MEA, which will boost regional market growth in the coming years. Advanced ceramic properties such as high-temperature stability and corrosion resistance broaden its range of applications. Increased R&D investment will propel regional growth in the coming years.

Materials Science Market Overview in Japan

Japan’s optical sensors market is expected to grow to USD 1.37 billion by 2018 at a CAGR of 7.46% over the period 2016-2021.With quick-paced innovative progression in the optical sensors business, market players have presented exceedingly power-efficient optical sensors. The need for reliable sensors has realized an adjustment in the materials and manufacturing procedures utilized. The major drivers include the demand for power-efficient smartphones and tablets, innovation in new generation LED lighting, demand for high-end hospital imaging equipment, utilization of sensors in smart control system and factory automation, and an effort to ensure safety and performance in automotive sector.

Materials Science Market Overview in Australia

The Australian nanosensor market is expected to grow to USD 9.22 million by 2021, at a CAGR of 89.61 percent from 2016 to 2021. The market's key drivers are its low cost and compact size, eco-friendliness, and bulk manufacturing capability. The development of new applications for nano and micro technology will aid in the market's growth.

During the forecast period of 2020-2025, the Australian renewable energy market is expected to grow at a CAGR of more than 8%. Supportive government policies, rapid adoption of domestic solar energy in the last two years (2018 and 2019), and pressure to meet power demand with renewable energy sources are expected to be significant contributors to market growth.

The Australian Polypropylene Market was valued $138 million in 2019 and is expected to grow at a CAGR of 6.7% by 2024. The Australian polypropylene market can be divided into four categories: manufacturing technology, application, type, and end-use industry. The market can be divided into Spheripol, Unipol, Novolene, Innovene, and Montedison based on production technology.

Target Audience

Doctors, Professors, Researchers, Alumni and Technical staff from the field Materials Science Engineering
Delegates from different materials companies
Members of different Materials science societies and associations
Members of nanotechnology associations.
Eminent Scientists of Materials Science and Engineering
Materials Industrialists
Materials Science and Nanotechnology Students
Physicists/Chemists
Junior & Senior research fellows of Materials Science/ Nanotechnology
Materials Science Experts
Directors/Co-Directors of Research-based companies across Europe and US who are investing in Materials Science, Nano Technology, Green Materials and Graphene
Engineers and Delegates from Materials Science and Energy Materials companies
Material Engineers
Academicians
Materials Science and Nanotechnology Scientists/ Researchers
Chemical Engineers