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Advanced Materials. Global Industry Analysis

1904 words - 8 pages

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 ...view middle of the document...

317 trillion . Also for plastic - “analysis has concluded that the global value of the plastic packaging market will reach $180bn in 2011.” Solar power global market estimated value is about $50.6bn for this year. As we can see for only three markets it is a big value globally.

The industry is represented by companies which are developing new solutions for the material use in significant sphere of life such as Huntsman , by universities departments like Clemson University Advanced Materials Center and companies R&D departments. Mainly businesses, working for particular industry, require further development and growth mainly becomes key driver for advanced materials implementation. For example, “3M Company” which is positioning itself as “a diversified technology company with a global presence in the following businesses: Industrial and Transportation; Health Care; Display and Graphics; Consumer and Office; Safety, Security and Protection Services; and Electro and Communications.” The company has high performance R&D which helps it to create and to implement innovations into products which are “presented in nearly 200 countries” .
Developing and innovations in advanced materials are global drivers of other connected industries and companies which are operating and leading in each specific industry are always looking for new inventions in this sphere. One of the industries which are most interesting now for scientists is nanotechnology. It will definitely develop our future and will lead us to revolutionary inventions. For instance new material “Graphene ” was created in 2004 and has great potential for all industries and new amazing items can be created based on it. In medical and healthcare industry there is also a great potential for new materials use in existing tools and electronics which will help people in cancer therapy .
Advanced material industry is a key driver for innovation in every sphere of human life. It will change people’s minds and their approach to the environment. There is a wide range of opportunities in electronic materials. Already companies are working on smaller and smaller devices which require new materials with innovation properties as for example “Flexible lithium polymer battery created in Japan using a lithium polymer. The expected first use for the battery is in solar panels allowing the power to be stored on the actual panel rather than in a separate unit. ” It looks like separate flexible sheet and can be integrated in very thin devices and will minimize the actual size of electronic equipment we are using today. Similar innovations are developing in medical, nanotech, superconductors industries. There is no exact number for how many innovation centers are working in the advanced materials industry. But there are no doubts every country which is interested in future growth has innovation centers working on developing advanced materials and some of them are very successful in it like Japan, Korea,...

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