Global advanced materials market  sees unprecedented growth as the demand for high-performance, sustainable materials increases across multiple industries, from automotive and aerospace to electronics and healthcare. Market actors cement their positions by acquiring new firms, breakthrough innovations and large investments in R&D. Kolon Plastics Inc. and others Market Leaders in The Advanced Materials Segment Lead

Advanced Materials Market Overview:  The advanced materials market is expected to reach US$ 143.84 Bn. To reach USD 519.1 Billion by 2032 growing at a CARG of 4.6% over the forecast period.

Industry: Advanced Materials Market dominants players are 3M Advanced Materials, Hexcel Corp, Materion Corp, Huntsman International LLC, Fornax Inc. and Steward Advanced Materials LLC. 3M Advanced Materials manufactures high performance materials that enhance the durability and functionality of a wide range of products, especially in the aerospace, electronics and medical industries. Hexcel Corporation is a leading advanced composite materials supplier to the global aerospace, defense and industrial markets. Core Strength: Advanced MaterialsMaterion Corporation is focused on advanced materials, manufacturing high performance metal alloys, coatings, and electronic materials for customers from diverse industries, including aerospace, electronics and defense.

The advanced materials industry encompasses a wide array of industries, including aerospace, electronics, and renewable energy, is a rapidly evolving sector marked by technological advancements, strategic collaborations, and large-scale investments. Today, we bring you an in-depth analysis on the top five companies covering the market competition, recent mergers and acquisitions, notable developments, and new funding that will shape the industry moving forward.

Get A Free Sample Here:  https://www.maximizemarketresearch.com/request-sample/269755/

Research recent market analysis reveals that there are five industry players who lead the global advanced materials market:

3M Company-  The Minnesota-based 3M continues to be an international leader in the advanced materials market with about 15% market share. The business has diverse portfolio with products such as adhesives, ceramics, composites, and electronic materials for markets including healthcare, electronics, automotive, and consumer goods. 3Ms wide-ranging success comes from a culture of entrepreneurship and kinetic ingenuity that leads to material slicing solutions that tackle multifaceted challenges across disciplines.

3M's wealth of more than 60,000 products include innovative technologies like 3M™ Scotchgard™ protective treatments and 3M™ Scotch-Brite™ abrasives, and specialized ceramic materials for emissions control. Within the last year, 3M has continued to be led by their commitment to sustainability, driving new innovations in bio-based adhesives and materials with recycled content.

DuPont de Nemours, Inc.-  DuPont has a long tradition of materials innovation and owns approximately 13% market share. Its portfolio of products includes high-performance polymers, electronic materials, and specialty products for construction, transportation, and industrial uses. DuPont was the only new contender at the top after its merger with Dow, its merger restructuring and eventual demerger refocused it on high-growth, high-margin advanced materials.

DuPont's Kevlar®, Nomex®, and Tyvek® leading brands have been as industrial standards for performance materials, and its semiconductor materials and interconnect solutions are essential to the ongoing progress of the electronics industry.

BASF SE-  With its broad range of engineering plastics, catalysts, coatings and battery materials, German chemical giant BASF (OTC(BASFY) +0.37%) accounts for about 12% of the world advanced materials market. They have been able to design solutions because of their vertical integration and huge R&D which apply to sectors like automotive, construction, and consumer electronics, etc.

BASF Ultramid ® engineering plastics, Elastollan® thermoplastic polyurethanes, and Cellasto® microcellular polyurethanes have established themselves as indispensable materials when it comes to lightweight automotive applications. The company's battery materials business has grown especially rapidly as the global production of electric vehicles has ramped up.

Dow Inc.-  Since splitting from DowDuPont, Dow has captured roughly 10% of the advanced materials market, with strengths in polymers, industrial intermediates and performance materials. The company is well-placed in high-growth segments, including packaging, infrastructure, and consumer care applications.

This is only a small sample of Dow's broad materials portfolio that includes materials including DOWLEX™ polyethylene resins, ENGAGE™ polyolefin elastomers, and FORMASHIELD™ acrylic binders. Recent discoveries in recyclable packaging materials and building materials followed the company’s focus on solutions for the circular economy.

Corning Incorporated  - Corning has about an 8% share of the specialty glass, ceramics, and optical materials market. Therefore, its innovations in display technologies, optical communications, environmental technologies, and life sciences materials make the company, a critical supplier to the electronics, telecommunications, and automotive industries.

Corning's Gorilla® Glass is the gold standard in consumer electronics, and its ceramic substrates for emissions control are a must-have in automobiles. Growth of pharmaceutical glass packaging and life sciences consumables as healthcare applications surge.

Industry Changes: Recent Mergers and Acquisitions

The advanced materials industry has undergone strategic consolidation driven by efforts to improve technology capabilities and access new end markets:

 3M acquires the advanced electronic materials company Quantum Sphere Technologies. Read more about this deal and analytics available through 3M on its semiconductor manufacturing and next-gen display technologies.

In 2025, DuPont completed the acquisition of Advanced Composites Group, a carbon fiber technology company, to add to its portfolio of high-performance materials for aerospace and automotive applications. This move earmarks DuPont to take advantage of increasing demand for lightweight structural materials for transport technology.

BASF strengthened its portfolio of sustainable materials with the acquisition of a Strategic Investment in bio-based polymer expert NatureWorks LLC.with this acquisition BASF is accelerating its entry in the rapidly growing market for compostable and bio-derived polymers for packaging and consumer goods.

Dow bolstered its advanced recycling portfolio with the 2024 acquisition of Recycling Technologies, a circular plastics technology company. This investment strengthens Dow's capability to Transform hard-to-recycle plastic waste and feedstocks into valuable feedstocks for more sustainable modes of materials creation.

In February 2025, Corning acquired Photonic Solutions Inc. a specialty optical materials company that strengthened its advanced material capabilities in augmented reality and advanced sensing applications The acquisition will bolster Corning's position within emerging display and photonics markets further.

Technology Developments & Market Trends

The advanced materials market is undergoing rapid evolution as manufacturers adapt to sustainability, performance, and digitalization demands:

3M's Advanced Sustainability Platform combines renewable content with product lines previously based on petroleum. The program has already posted commercial wins with bio-based adhesives delivering performance with a lower carbon footprint by up to 40%.

The October 2024 launch of DuPont's next-generation Kevlar® AS (Advanced Sustainability) fiber, which offers the same level of ballistic protection but causes 25% less environmental impact due to innovations in the manufacturing process and the use of partially bio-based precursors.

Catamold® EvolutionOne, responsible for revolutionizing precision manufacturing (including the production of medical devices) by providing manufacturers in a wide range of industries with a metal injection molding material that allows for complicated geometries but with a drastically reduced material waste.

Dow Introduces INNATE™ TF Polyethylene Resins for Recyclable Packaging — A Game Changer for Sustainable and High-Performance Packaging These materials allow for all-polyethylene flexible packaging that provides active barrier properties and is fully recyclable with existing infrastructure.

Also the introduction of Gorilla® Glass Bio by Corning includes recycled content without sacrificing performance, a clear demonstration of the company's dedication to innovative circular material solutions for the electronics sector. So who else is using this material — Smartphone makers are already adopting such as major smartphone makers for upcoming models.

Investment That Fuels Innovation

As such, the top advanced materials manufacturers are investing heavily in capital to increase capacity, enhance sustainability and develop next-generation technologies:

In Minnesota specifically, 3M has dedicated $500 million for its efforts to build out research in both Minnesota and Singapore focused on sustainable materials and novel manufacturing processes. The investment also includes dedicated facilities to develop plastics alternatives and carbon capture materials.

DuPont announced a $420 million investment plan for its performance materials production facilities in the United States and Germany. This project is, due to its new build, respectively focuses on capacity expansion aerospace-grade composites and electronic materials, for applications such as semiconductor packaging.

BASF received €380 million to expand its battery materials production capacities in Europe and Asia. The investment positions the company as a leading supplier to the rapidly growing electric vehicle market, specifically cathode active materials.

Announced at the end of January Dow has actioned a $350 million investment across its global operations focused on process improvements and new material development for sustainability. The initiative is focused on the intensification of the program carbon intensity of its products while also increasing the capacity for circular economy solutions.

Corning said it would spend $300 million to expand optical materials and pharmaceutical packaging plants in the United States and France. This investment boosts the company's specialized glass products demand for telecommunications and healthcare applications.

Market Outlook

The global advanced materials market size was valued at USD 665.13 billion in 2021 and is projected to reach USD 2.1 trillion by 2030, growing at a CAGR of 12.4% during the forecast period. Key demand sectors include transportation electrification, renewable energy infrastructure, advanced electronics and healthcare innovations. Circular economy principles are also being embedded more and more in product design, as sustainability demands further challenge traditional paradigms in materials development.

Digital transformation is driving innovation in new materials, with artificial intelligence and machine learning allowing rapid discovery and optimization of novel formulations. Quantum computing is starting to produce commercial applications in materials science, particularly for catalyst development and polymer design.

Together, these factors ensure that as the industry continues to evolve, the leading companies will have the tools at their disposal to maintain their status, benefitting from further innovation, taking advantage of suitable acquisitions, and investing in capabilities that meet emerging market needs, not least in sustainable and high-performance materials.

About Us

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com