Advanced functional materials are popular for their wide range of applications in enhancing products in multiple industries. There are various companies that are conducting breakthrough research in each aspect of materials science, including nanotechnology, biology, chemistry, and physics.
According to a report by Extrapolate, the global advanced functional material market size is expected to reach $206.80 billion by 2028, expanding at a CAGR (compound annual growth rate)of 7.6% over 2022 - 2028.
Multiple vendors globally manufacture and supply advanced materials to various industries In this blog let us have a look at the top 10 advanced functional materials vendors globally
Top 10 Advanced Functional Materials AFM Suppliers in 2024
Following are the top 10 companies that produce and supply the best advanced functional materials globally
1. BASF SE
BASF SE is a key player in the advanced functional materials AFM market It provides an extensive range of materials that are leveraged in multiple highperformance applications The company manufactures nanomaterials such as carbon nanotubes CNTs that find applications in batteries capacitors and conductive coatings
BASF SE produces polymeric dispersions which are used in organic photovoltaics and various electronic applications Advanced functional coatings find wide applications for coating in automotive and industrial applications because of their properties to improve the durability corrosion resistance and aesthetics of the products It offers polyurethane composites to the automotive and construction sectors
BASF supplies highpurity electronic chemicals and materials leveraged in the production of semiconductors It offers advanced catalysts for chemical reactions in industrial applications The company is popular because of its innovative products that have extensive applications across multiple industries including automotive electronics aerospace and construction
2. Arkema
Arkema supplies a diverse range of advanced functional materials for highperformance applications The company manufactures highperformance specialty polymers like polyvinylidene fluoride PVDF and polyether ketone ketone PEKK It finds applications in the aerospace electronics and automotive sectors because of its excellent thermal and chemical resistance properties Advanced adhesives and sealants like Bostiks smart adhesives offered by Arkema are superior bonding solutions used in construction packaging and industrial applications
Arkema produces nanomaterials that help improve properties such as conductivity and mechanical strength in electronics and coatings It manufactures thermoplastic composites that are lightweight and durable All the advanced functional materials offered by the company are integral to optimizing the performance and efficiency of applications across multiple sectors
3. 3M
3M has a comprehensive portfolio of advanced functional materials which are designed for highperformance applications It manufactures boron nitride cooling fillers which are widely used in thermally conductive and electrically insulating polymers Ceramic microspheres supplied by 3M improve coatings performance
3M has Dynamar polymer processing additives that enhance the extrusion of thermoplastic polymers The company also has fluorochemical additives that minimize surface defects to improve the paints and coatings Glass bubbles are lightweight highstrength lowdensity hollow glass microspheres used to enhance the material properties in multiple applications
4. Evonik
Evonik is a pioneer in the advanced functional materials markets It provides a vast range of advanced functional materials primarily through its Specialty Additives unit TEGOSTAB surfactants POLYCAT catalysts and ORTEGOL performance additives are a few of the products offered by Evonik
The specialty AFM products offered by Evonik find applications in multiple industries like automotive electronics and construction to improve product durability efficiency and sustainability The company has notable innovations in manufacturing additives for electric vehicle batteries and sustainable polyurethane applications Evonik designs advanced materials to improve performance by using renewable raw materials and green electricity in production processes to reduce environmental impact
5. Hexcel Corporation
Hexcel Corporation is at the forefront of the advanced functional materials market The company is popular for its highperformance lightweight composite materials It provides a diverse range of product portfolios including carbon fibers specialty reinforcements prepregs honeycomb resins and engineered core and composite structures
Hexcel Corporation caters to multiple industries like aerospace automotive energy sports leisure and marine HexTow carbon fiber and HexPly prepregs are the key products popular for their high strength and efficiency Hexcel makes strategic business collaborations to improve its sustainability practices
6. KYOCERA Corporation
KYOCERA Corporation provides a vast range of advanced functional materials with a focus on manufacturing highperformance ceramic products The company caters to various industries including electronics automotive aerospace and medical industries It has specialty ceramics materials such as alumina zirconia and silicon carbide These materials are popular for their superior electrical insulation thermal conductivity and mechanical strength It finds applications in components like semiconductor packages piezoelectric elements and highvoltage insulation KYOCERA offers solutions that improve miniaturization reliability and performance in critical applications
7. Sumitomo Chemical Co Ltd
Sumitomo Chemical Co Ltd provides various advanced functional materials AFM designed to assist multiple industries Sumicle highrigidity polyethylene is one of the key offerings of Sumitomo which streamlines the recycling of used plastics Easy Processing Polyethylene EPPE is another product under its portfolio that assists in minimizing energy consumption during processing
Sumitomo also supplies super engineering plastics such as SUMIKASUPER LCP and SUMIKAEXCEL PES These products are popular for their recyclability and suitability in life sciences due to their heat resistance and biocompatibility The company puts a strong emphasis on manufacturing ecofriendly polyolefins using renewable ethanol and waste plastics
8. Resonac
Showa Denko and Showa Denko Materialsformer Hitachi Chemical made a strategic business alliance to transform themselves into Resonac Resonac provides a variety of advanced functional materials primarily focusing on semiconductors and electronic materials It has a significant market share in highpurity gases CMP slurries copperclad laminates and photosensitive films
Resonac has a diverse product portfolio with products such as die attach films bonding pastes epoxy molding compounds and thermal conductive sheets The company heavily invests in technological innovations to support its sustainable development practices
9. DuPont de Nemours Inc
DuPont de Nemours Inc delivers numerous advanced functional materials The company has its focus on innovations in semiconductor fabrication particularly through extreme ultraviolet EUV lithography These materials allow the manufacturing of compact faster and robust integrated circuits required for highperformance computing applications like AI and data centers
Chemically amplified photoresists and nonfluorinated photoacid generators are key product offerings of DuPont and are known for their sustainability The company has integrated Laird Performance Materials into its portfolio to optimize its capabilities in electromagnetic shielding and thermal management solutions for electronics 5G and autonomous vehicles
10. Momentive
Momentive was formerly known as GE Advanced Materials or GE Silicones The company is a frontrunner in the silicones and advanced materials market It provides an extensive range of advanced functional materials that cater to multiple industrial applications
Silicone elastomers silicone fluids silicone resins and silicone adhesives are a few of the silicone derivatives offered by Momentive The company also offers epoxy resins and acrylic coatings which find applications in various industries Amines and alkoxides are chemical intermediates leveraged in multiple industrial processes such as pharmaceuticals and agrochemicals Automotive aerospace electronics healthcare and medical devices construction and building materials consumer goods oil and gas and telecommunications are a few industries that Momentives advanced functional materials serve
In a Nutshell
There is a deep connection between humans and their research for advancements of new materials Various organizations are focusing their efforts on the research and development of multiple advanced materials for applications in diverse industries This blog has a list of the top 10 advancements in functional materials manufacturers that you can explore to make the right decision