(MENAFN- America News Hour) Materials can be classified majorly into metals, non-metals, ceramics, & polymers, with other groups forming the rest of the industrial materials. They all have intermediates consisting of partial combinations of all of them.
Metals have been the backbone for the development of humanity since the end of the Neolithic age. Metals can be classified into ferrous and nonferrous, with iron (ferrous) being in the lead. Other major metals include aluminum, copper, and magnesium, and their various intermediaries like alloys etc.
Ceramics are even older, beginning with the use of clay in making pottery vessels for storing food and water. With the advent of glass, ceramics have found use in almost every area of human endeavor.
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Other Industrial materials include rest of everything under the sun. They can be organic, inorganic, polymer and composites of all the above types. Newer materials and groups like nanomaterials, biomaterials etc. are being found and created every day.
End-user/Technology
The end-users of these materials are in every industry, with the major ones being computer, oil & gas, medical equipment and pharmaceuticals, construction, food, personal care etc. These materials find usage in almost every facet of human life. Their variety and amalgamation synthesize all the properties required and imaginable.
Metals with their strength and resilience find usage in the construction of major projects, vehicles, appliances etc. Ceramics find use as tiles, bricks, wares etc. with application in every industrial field. Other industrial materials provide every other use, which is not possible by the earlier two and their composites.
Market Dynamics
The demand for metals ceramics industrial materials is mainly driven by increasing population of the world and its progressive needs.This demand is unlimited, with industries not being able to keep up. Stricter regulations and need for environmentally sustainable materials will drive the research and development in this market.
This increasing demand is constrained by environmental problems like pollution, global warming etc., resource depletion, sustainability, and stricter regulations. These same constraints drive innovation for alternative materials which entails a multibillion-dollar opportunity for growth.
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Market Segmentation
The market can be segmented in terms of the types of materialsand by its application.
Segmentation based on the type of materials includes the above different groups of materials and their hybrids. Based on application, it can be classified on the basis of the industrial sectors of its end users.
All of the above segmentations are fluid as new materials are being discoveredfor different sectors. Additionally, the geographical concentration of the markets and the makers give an additional layout to these segments.
Regional/Geographic Analysis
Materials are fragmented around the whole world with different materials having different origins. All the major continental regions have an abundance of a variety of valuable materials. In terms of materials research, Europe (Germany, UK), North America (USA, Canada), and Japan take a lead. Although these regions currently drive the innovations, futuredemand growth will come from APACregion with their booming economies and growing population.
Opportunities
Demand for more environmentally sustainable materials provides the avenue for future growth. The demand for these materials will shift to APAC region providing a scope for expansion. Global agreements to resolve above issues will provide the opportunity for future growth via R & D.
Key Players
Some of the major players in the market includeAGC,ArcelorMittal,Chevron,Corning, Exxon Mobil, Hebei, Kyocera, Murata, Nippon, NSG,Rio Tinto,Saint-Gobain, Schott, Schlumberger, and Vesuvius.
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