Advanced Materials. Global Industry Analysis.

In: Business and Management

Submitted By Evvgeny
Words 1904
Pages 8
Advanced materials. Global industry analysis.

The material science has evolved over the centuries and rapidly grown during last hundred years. Today we are talking about advanced material industry as a top point of material science evolution. The science of advanced materials enters to all spheres of human being from clothing and household items to the space industry. Also this industry widely presented in following spheres: bioscience, electronics, medical and healthcare, construction, automobile, power and alternative energy, manufacturing, sport, telecommunication and many others. Indeed industry of advanced materials will be one of the biggest drivers of the world economy growth in current century.
“Materials” is matter of everything physical like glass, ceramics, polymer, metal alloys. And “Advanced materials” are materials with higher performance characteristics “such as toughness, hardness, durability and elasticity, ability to memories shape or sense changes in the environment and respond.” Advanced materials can be implanted into usual items we are using in everyday life. This is something we have never thought about like apparel which people are wearing could become more insulated when you feel cold or touch screen computer which you can wrap and fold with very high performance and less energy use.
Market for advanced materials is unlimited because each “traditional material” in every item can be improved and switched to advanced material use. It will lead to higher performance, less cost and new inventions in all spheres mentioned above. There is no exact figure for advanced materials global market, but we presume that potentially advanced materials will replace traditional materials and there are few figures for industries where advanced materials can be implemented. For example “Visiongain - an independent business information…...

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