Advanced Functional Materials Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Advanced Functional Materials Market is segmented by type (ceramics, energy materials, conductive polymers, nanomaterials, composites, and others), end-user industry (electrical and electronics, automotive, healthcare, aerospace and defense, energy and power (incl. chemical industry), and others), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for advanced functional materials in revenue (USD million) for all the above segments.

Advanced Functional Materials Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Advanced Functional Materials Market Size

Advanced Functional Materials Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Advanced Functional Materials Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Advanced Functional Materials Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Advanced Functional Materials Market Analysis

The Advanced Functional Materials Market is expected to register a CAGR of greater than 6% during the forecast period.

The COVID-19 pandemic drastically affected the market for advanced functional materials, resulting in the manufacturing facilities' closure. Due to this cause, the consumption of advanced functional materials, specifically nanomaterials and conductive polymers, was greatly reduced, which constrained the growth of the market globally. But the post-COVID-19 era saw a rebound again with increased demand from the electric, electronics, and automotive industries.

  • Over the short term, one of the major factors driving the market studied is the growing advancement in medical devices.
  • Moreover, with an emphasis on diagnostic imaging, implants and regeneration in medicine, equipment manufacturing for drug delivery, and biomedical science, the demand for advanced functional materials is rising rapidly, which tends to boost the market's growth.
  • The Asia-Pacific region dominated the global market, with robust demand from countries like China and India.

Advanced Functional Materials Industry Overview

The global advanced functional materials market is partially consolidated in nature. The major players in this market include (not in a particular order) 3M, Arkema, Evonik Industries AG, Covestro AG, and BASF SE, among others.

Advanced Functional Materials Market Leaders

  1. 3M

  2. Evonik Industries AG

  3. Covestro AG

  4. BASF SE

  5. Arkema

  6. *Disclaimer: Major Players sorted in no particular order
Advanced Functional Materials Market Concentration
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Advanced Functional Materials Market News

  • In November 2022, the University of Oxford's Department of Physics hosted the launch of an advanced functional materials research facility named the National Thin-Film Cluster Facility (NTCF). This facility supports the development of novel advanced functional materials by addressing the challenges such as environmental, industrial, and societal.
  • In November 2022, Covestro Ag has developed a functional material solution for automotive applications. This innovative material can be used in car interiors in order to meet the changing automotive industry demand in the future.

Advanced Functional Materials Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increased use as an Alternative to Metals and Plastics
    • 4.1.2 Increasing Demand from the Healthcare Industry
  • 4.2 Restraints
    • 4.2.1 The Cost and Availability of Raw Material to Hinder the Market for Advanced Functional Materials.
  • 4.3 Industry Value-Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Ceramics
    • 5.1.2 Energy Materials
    • 5.1.3 Conductive Polymers
    • 5.1.4 Nanomaterials
    • 5.1.5 Composites
    • 5.1.6 Others
  • 5.2 End-user Industry
    • 5.2.1 Electrical and Electronics
    • 5.2.2 Automotive
    • 5.2.3 Healthcare
    • 5.2.4 Aerospace and Defense
    • 5.2.5 Energy and Power (incl. Chemical Industry)
    • 5.2.6 Others
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis (%)** /Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 3M
    • 6.4.2 Arkema
    • 6.4.3 BASF SE
    • 6.4.4 CeramTec GmbH
    • 6.4.5 Covestro AG
    • 6.4.6 Evonik Industries AG
    • 6.4.7 Hexcel Corporation
    • 6.4.8 KYOCERA Corporation
    • 6.4.9 Momentive
    • 6.4.10 Emeren
    • 6.4.11 SHOWA DENKO K.K.
    • 6.4.12 Sumitomo Chemical Co., Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growth of Usage in Nano Technology
**Subject to Availability
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Advanced Functional Materials Industry Segmentation

Advanced functional materials outperform conventional materials, which have superior properties, including toughness, hardness, elasticity, and durability. The advanced functional materials market is segmented based on type, end-user industry, and geography. The market is segmented by type: ceramics, energy materials, conductive polymers, nanomaterials, composites, and others. By End-user Industry, the market is segmented into electrical and electronics, automotive, healthcare, aerospace and defense, energy and power, and others. The report offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Type Ceramics
Energy Materials
Conductive Polymers
Nanomaterials
Composites
Others
End-user Industry Electrical and Electronics
Automotive
Healthcare
Aerospace and Defense
Energy and Power (incl. Chemical Industry)
Others
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Advanced Functional Materials Market Research FAQs

What is the current Advanced Functional Materials Market size?

The Advanced Functional Materials Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Advanced Functional Materials Market?

3M, Evonik Industries AG, Covestro AG, BASF SE and Arkema are the major companies operating in the Advanced Functional Materials Market.

Which is the fastest growing region in Advanced Functional Materials Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Advanced Functional Materials Market?

In 2025, the Asia Pacific accounts for the largest market share in Advanced Functional Materials Market.

What years does this Advanced Functional Materials Market cover?

The report covers the Advanced Functional Materials Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Advanced Functional Materials Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Advanced Functional Materials Industry Report

Statistics for the 2025 Advanced Functional Materials market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Advanced Functional Materials analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.