Advanced Materials Market Research Report and Forecast up to 2024 Advanced Materials Market Growth, Trends, and For | Page 2

physical or chemical traits. A combination of these results in a material with
characteristics different from its individual components. These constitutes are
selected on the basis of the end-use application of these ceramics. Thus,
composites have an edge over other products and are thus likely to exhibit rapidly
growth in the coming few years.
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Large Production Capacities in North America and Europe Ensure Regions’
Dominance
Geographically, the global advanced materials market is segmented into North
America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. Of
these, North America and Europe were the dominant consumers of advanced
materials in the global market. The growing consumption of advanced materials in
these regions will be attributable to the mammoth production capacities and
sophistication with the advancement of technologies. Asia Pacific is also expected to
be an emerging region in the global market over the forecast period as
manufacturing industries pick up pace in developing countries of India and China.
The booming industrial development in this region is expected to make a significant
contribution of the rising revenue of the Asia Pacific advanced materials market
between 2016 and 2024.
Some of the key leading players operating in the global advanced materials market
are 3M Advanced Materials, Morgan Advanced Materials plc, Huntsman Corporation,
Hexcel Corporation, Hanwa Group, and Materion Corporation..
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