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Global Advanced Materials Market Analysis
Advanced materials display traits of higher quality than traditional materials like steel and aluminum, comprising enhanced resistance to high temperatures, and enhanced durability and strength. Few of the advanced materials have the ability of altering composition, remembering shapes and reacting to climatic alterations. These advanced materials are utilized in microscopic robots production. These microscopic robots referred as nanobots are utilized in medical and engineering applications.
The variety of advanced materials that are produced comprises of polymers, gels, metals and ceramics. They are utilized in items of daily consumer use like non stick Teflon cookware as well as in some specific items. Carbon nanotubes also referred as the high quality materials for thermal conductivity are more resistant than steel and has ability to transmit the flow of electrons by conduction. In market, advanced materials are utilized in a broad collection of materials and tools that includes water resistant silicon carbide whiskers, lightweight aerospace application equipments and microelectronics equipments used in engineering instruments as well as for cutting tools.
Key Market Sections
Beneath the advanced materials market sector, the global biomaterials market was estimated to cross 42.4 billion US dollars in year 2012 as per market professionals. The industry is predicted to expand at an annual growth rate of 20.25% touching approximately about 125.10 billion dollar mark by end of year 2020.
Earnings from the electronic parts and semiconductor industry increased nearly about 9.5% in second financial quarter of year 2012, as compared to same quarter of year 2011 as per the reports from an authentic source. There are about 15000 dealers in USA who are involved in the electronic parts business with combined yearly profit of about 260 billion US dollars. About 60% of total income produced by the advanced materials market sector only covers 55 firms making it a focused market sector. Leading firms in this sector includes Arrow Electronics firm and Avnet firm.
As per the research studies from an authentic source, semiconductor device industry value was estimated to surpass 35.10 billion dollars mark in year 2013. The industry was driven by wafer processing and was forecasted to represent greater than 81% of the universal advanced materials market by the end of year 2013. Both the semiconductor material market and semiconductor device market are closely related. Yearly growth for semiconductor material industry was forecasted at just below 8% for three year period ending in 2013 but it should have crossed 305 billion US dollars.
Nanotechnology sector touches various industries and most notably among them are medical fields as well as production sector. The global carbon nanotubes grades industry sector was predicted to touch one billion dollar mark by end of year 2014. This industry displayed an impressive growth of about 60% during that year from the reports provided by an authentic & a reputed research firm the worldwide nanotechnology products industry was evaluated about 19.7 billion dollars in year 2012. This industry was predicted to expand at an annual rate of more than 11.2% by the end of five year period concluding in year 2017.
Geographical Market Share
The advanced materials market of China has been expanding at a rate of more than 22.40% yearly. The growth in the market is predicted to remain more than 20% in future. The advanced materials industry of China was evaluated at more than 24 billion US dollars in year 2012 combining photo electronic equipments, advanced batteries, nanomaterials and rare earth materials. The market is concentrating its efforts on standard techniques predicted to enhance the self sufficiency of advanced materials by about 72% by end of year 2017.
Straightforward growth and expansion in the advanced materials industry cannot be projected as scientific breakthroughs in this industry mean continuous development or growth of new materials. This industry is dictated in components by the emerging requirements of other industries like aerospace industry, healthcare industry and defense industry. Its potential growth and expansion is thus connected to other industries. New materials that are being researched include amphiphilic materials, spintronics, superconductors and modernized engineering polymers.
The growth and expansion of biomaterials market will be assisted by modifications in rules encouraging new product research and higher price efficacy due to best performance of biomaterials items. Greater association between producers and dealers through mergers and acquisitions will also result in growth and expansion of the advanced materials market. Government expenditure on healthcare industry should equally motivate market growth and this growth depends upon the growth rate of the economic recovery of the market.