Advanced Functional Materials Market for Low Carbon Applications worth 10,322.0 Kilotons By 2018

DALLAS, August 5, 2013 /PRNewswire/ --

The report, "Advanced Functional Material Market For Low Carbon Applications By Categories (Ceramics, Composites, Energy Materials, Conductive Polymers & Nanomaterials), Applications (Chemicals, Electronics, Healthcare & Transportation) & Geography - Global Trends & Forecasts To 2018", define and segment the global AFM market with analysis and forecasting of the global market by revenue and volume.

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  • 254 Market Data Tables
  • 49 Figures
  • 621 Pages and an in-depth Table of Content on "Advanced Functional Materials Market"

http://www.marketsandmarkets.com/Market-Reports/advanced-functional-material-1221.html

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Asia-Pacific - biggest market of AFM

Asia-Pacific is the largest market for AFMs with the highest consumption by volume around the globe. The demand for AFM is Asia-Pacific is driven by countries such as China, Japan, South Korea, India, Taiwan, Malaysia, Thailand, Indonesia, and Philippines. Major industrial segments using AFMs in would be automotive, paints, chemicals & materials, aerospace, energy & power and building & construction. The market is expected to grow with a high CAGR to reach 5,147.3 kilotons by 2018.

Nanomaterials - fastest growing category of AFMs

Nanomaterials include Nanoparticles and carbon nano-tubes. Carbon nano-tubes are further segmented into single walled and multi walled nano-tubes. The global market for carbon nano-tubes is expected to reach 133.5 kilotons by 2018. Applications for nanomaterials include chemicals & materials, electrical and electronics, 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 which includes:

  • Monolithic Ceramics
  • Ceramic Matrix Composites
  • Ceramic Coating Systems

Advanced Functional Materials Market 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.

Major players in the global AFM market are:

  • 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.)
  • Samsung Electro-Mechanics Company (South Korea)

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