According to a market report by Lucintel, the future of the high-performance material market looks promising with opportunities in the construction, automotive, electrical, and food & beverage applications. The global high-performance material market is expected to grow with a CAGR of 9% to 11% from 2023 to 2028. The major drivers for this market are high-quality components demand from designers are increasing, rising demand in end-use sectors, and increasing number of manufacturers and suppliers in the fluid handling industry.
Films, coatings, and insulation are the major segments of high-performance material market by type. Lucintel forecasts that films will remain the largest segment over the forecast period due to expanding use of films in a variety of applications due to their numerous advantages, and high-performance stretch films frequently outperform standard films when it comes to load containment. The films are meant to be much more puncture, cling, and tear-resistant than standard films.
Within this market, construction is expected to remain the highest growing segment due to increasing use of high-performance materials in the construction industry. High-performance concrete is one of the most utilized high-performance construction materials, and it has excellent strength, durability, chemical resistance, and workability in building and constructions.
North America will remain the fastest growing region due to large construction industry and increasing construction activities in countries in the region, and construction business contributes significantly to the U.S. economy.
BASF, DuPont de Nemours, Saint-Gobain, Lonza Group, Covestro, Honeywell International, Arkema, Siemens, The Dow Chemical Company, and Lanxess are the major suppliers in the global high-performance material market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global high-performance material market by type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global High-Performance Material Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global high-performance material market by type, application, and region, as follows:
High-Performance Material Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Films
· Coatings
· Insulation
· Others
High-Performance Material Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Construction
· Automotive
· Electrical
· Food & Beverages
· Others
High-Performance Material Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global High-Performance Material Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the high-performance material market by type (films, coatings, insulation, and others), application (construction, automotive, electrical, food & beverages, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?