Materials form part of all manufacturing processes and can be segmented into traditional materials like aluminium, steel, etc. and special materials. Special materials are used across most of the major industries like automotive, construction, aerospace, electronics, defense, energy, medical & healthcare, among others. Special materials market can be primarily segmented into structural, multifunctional, functional and biomaterials. Generally, speciality or advanced materials include fibers, speciality resins, composites, hybrid materials, nanomaterials, advanced ceramics, carbon fiber, glass fiber, smart materials, among others. Special materials are lightweight and offer higher durability, strength and temperature & chemical resistant as compared to traditional materials.
In addition, demand for smart materials is also growing primarily driven by rising popularity of piezoelectric devices that are used across various sectors. Smart materials are class of special materials that can change their properties if stimulated by external factors like change in temperature, pressure, pH, electromagnetic field and pressure. Smart materials change their properties in order to get the desired functional effect. By applications, smart materials can be segmented into actuators & motors, transducers, structural materials, sensors and others. Adoption of smart materials is increasing across end-user industries such as defense & aerospace, consumer electronics and automotive. Increasing adoption of smart materials is primarily driven by growing R&D investments by major companies in order to reduce cost and increase quality of smart materials, growth in emerging economies and evolving Internet of Things technology.
In addition, demand for advanced ceramic materials is increasing, owing to their high tensile strength, durability, biocompatibility, low porosity as well as ability to blend desired properties. Advanced ceramic materials are used in the form of ceramic tiles, bricks, refractories, pipes, sanitary products and ceramic abrasives.
Additionally, demand for high performance alloys across aerospace, oil & gas and chemical industries is expected to increase, owing to their superior strength, temperature and corrosion resistance properties.
ASDReport.com offers an extensive repository of reports on special materials market. The reports cover various segments and products related to special materials market like superalloys, carbon nanotube (CNT), refractory materials and much more.