Strong Opportunities Emerge for New Multifunctional Materials across Application Sectors

KUALA LUMPUR, Malaysia, Nov. 23, 2016 /PRNewswire/ -- Industries across the board are intensifying their demand for high-performing materials with tunable properties. This surge in the uptake of new materials and coatings will disrupt existing business models, encouraging collaborations among original equipment manufacturers and material developers. Companies and the academia are also signing long-term research agreements for applied research to prove the feasibility of commercial-scale product development. These strategic partnerships will greatly help accelerate the commercial launch of technologies across targeted applications.

2016 Top Technologies in Chemicals and Advanced Materials is part of Frost & Sullivan's TechVision (Materials & Coatings) subscription. The research offers a detailed account of the top technologies employed in anti-corrosive coatings, anti-microbial coatings, bio-based materials, carbon fibers, graphene, lightweight materials, micro- and nano-encapsulation, nanocoatings, self-healing materials and smart packaging. It also covers their market potential, intellectual property and funding, sectors of economic impact and regional adoption.

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"Collaboration models that leverage multidisciplinary expertise and stoke research efforts in emerging economies and Asia-Pacific countries are boosting the adoption of new materials and coatings in varied industries," said TechVision Research Analyst Aarthi Janakiraman. "The anti-corrosion coating market in Asia-Pacific has been the most active research hotspot and accounted for 77% of the patents share over the last three years."

Novel chemistries, reduced raw material consumption, low volatile organic compounds content, and environmentally benign chemicals and materials will remain dominant areas of research. Rapid advances in materials such as graphene, carbon fibers and nanocoatings are taking innovation to a higher level, attracting a host of investors that are eager to fund research in materials and coatings.

"Over the last two to three years, investors have emphasized the R&D of multifunctional and high-performance materials and coatings to address application-specific needs," noted Janakiraman. "However, the long-term durability and scalability of these materials need to be proven before they can be considered disruptive."

These inventive coatings and materials are finding substantial uptake in industries as diverse as healthcare, electronics, oil & gas, automotive and building & construction. Companies with presence in numerous industries realize that innovations in the chemicals, materials and coatings domains offer them substantial opportunities to set themselves apart in their target markets. It also helps enterprises position themselves as leading innovators to the right type of consumers.

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2016 Top Technologies in Chemicals and Advanced Materials
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