(EMAILWIRE.COM, January 24, 2025 ) The primary drivers for the Advanced Materials Market are an increase in R&D efforts across numerous countries and a rise in industrialization on a scale. Demand for advanced materials is being driven by the quick adoption of materials in the automotive, aerospace, healthcare, and other industries. The demand for advanced materials is increasing in the electronics and automotive industries, which use them to create lightweight, high-performance products.
North America region held the largest market share in 2024, due to large production capacity and adoption of advanced technologies. Asia Pacific region held a significant share in 2024 due to its strong electronic industry and high demand for electric vehicles.
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Advanced Materials Market Segmentation
by Material Type
Lightweight Materials
Metals & Alloys
Nanomaterials
Polymers
Composites
Ceramics
Glass
by End-Use Industry
Building and Construction
Electrical and Electronics
Oil and Gas and Energy
Aerospace and Defense
Paint and Coatings
Packaging Industry
Marine Sector
Automotive
Healthcare
Others
by Application
Medical Devices
Automotive
Aerospace
Electricals & Electronics
Industrial
Power
Others
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Advanced Materials Market Top Leaders:
3M Advanced Materials
Hexcel Corporation
Materion Corporation
Huntsman International LLC
Fornax Advanced Materials
Steward Advanced Materials
Rayonier Advanced Materials
5E Advanced Materials
Morgan Advanced Materials plc
Thomas Swan
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Maximize Market Research has also published the following reports:
Advanced Materials and Devices for Renewable Energy Market size was valued at USD 71.58 Bn in 2024 and is expected to reach USD 130.54 Bn by 2032 to exhibit a CAGR of 7.8 % during the forecast period
Advanced Carbon Materials Market size was valued USD 6.37 Bn. in 2024 and the total revenue is expected to grow at 11.2% through 2025 to 2032, reaching USD 14.89 Bn. by 2032.
The Advanced Phase Change Materials Market size was valued at USD 864.10 Million in 2024 and the total Advanced Phase Change Materials revenue is expected to grow at a CAGR of 19.5 % from 2025 to 2032, reaching nearly USD 3007.04 Million by 2032.
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