What is the expected growth rate of the advanced materials market?
The global advanced materials market is expected to grow at a CAGR of 5.6% until 2031.
What is driving the growth of the advanced materials market?
The rise in industrialization worldwide is creating a demand for sophisticated materials in various industries.
Which region is expected to lead the advanced materials market?
Asia-Pacific is expected to dominate the market due to a growing industrial sector, particularly in automotive, aviation, and building & construction.
Who are some of the major companies in the advanced materials market?
3M Company, Akzo Nobel Expancel, BASF SE, Dow Chemical, E. I. Du Pont De Nemours and Company, Teijin Limited, Owens Corning, Momentive Performance Materials Inc., Toray Industries, and Huntsman Corporation are some of the major players in the global advanced materials market.