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Advanced Functional Material Market to Reach $ 1, 13,881.9 Million by 2018 at a 6.6% CAGR - New Report by MarketsandMarkets
Date:8/19/2013

ectronics, healthcare & pharmaceuticals, and others. Asia-Pacific is the fastest growing market for nanomaterials with a CAGR of 23.6%. The market for AFM in Asia-Pacific is dominated by China with a 35.4% share of the market followed by Japan and South Korea. Taiwan, India, Malaysia, and Indonesia are other significant markets for nanomaterials in Asia-Pacific.

Advanced functional ceramics - the largest category of AFM

Advanced ceramics can be classified into three types based on their properties and usage.

These are monolithic ceramics, ceramic matrix composites, and ceramic coating systems. Advanced functional ceramics have an especially high potential to resolve a wide number of today’s material challenges in process industries, power generation, aerospace, transportation, and military applications. Such applications are vital to maintain global competitiveness, decreasing energy consumption, and carbon footprint. The current market for advanced functional ceramics is growing with a CAGR of 5.0%. Europe is currently the largest and Asia-Pacific is the fastest growing market for advanced functional composites.

ReneSola Ltd (China), 3M Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Bayer AG (Germany), Ceradyne, Inc.(U.S.), Kyocera Corporation (Japan), Momentive Performance Materials Inc. (U.S.), and Samsung Electro-Mechanics Company (South Korea) are among the major players in the global AFM market.

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