Market Overview

Global Advanced Materials Market Outlook 2024 -


The "Global
Advanced Materials Market Outlook 2024"
report has been added
to's offering.

The global advanced material market reached USD 1,370,242.2 Million in
2016 by registering a CAGR of 5.1% across the globe. Moreover, the
market is expected to garner USD 1,978,331.6 Million by the end of 2024.

The global demand for advanced material is increasing due to rapid
industrialization across the globe. Further, increasing number of
research and development activities of advanced materials in developing
regions is key growth driver for global advanced material market over
the forecast period.

Additionally, increasing consumption of consumer goods and expanding
applications of advanced material in areas such as healthcare,
aerospace, automobile and others across the globe is envisioned to
bolster the growth of the advanced material market.

Asia Pacific is slated to account for a leading share of 58.0% by 2024
in the advanced material market. The growth in the region can be
attributed to increasing number of industries and rising manufacturing
activities in this region. Besides, rapid industrialization and
urbanization in developing Asian countries such as China and India is
also expected to impel the growth of advanced material market in the
Asia Pacific. China is the prominent market driving the growth in the

Morgan Advanced Materials, Huntsman Corporation, Hexcel Corporation and
Hanwha Advanced Materials are some of the prominent players of advanced
material market.

Companies Mentioned

  • Dow Chemicals
  • TATA Advanced Materials
  • Morgan Advanced Materials
  • Huntsman Advanced Materials
  • Hexcel Corp
  • Wolverine Advanced Materials
  • Perpetus
  • Hanwha
  • 3M Company
  • Thomas Swan and Co. Ltd

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