Strong Opportunities Emerge for New Multifunctional Materials across Application Sectors
Partnerships among stakeholders in diverse regions and industries are driving the innovation ecosystem, finds Frost & Sullivan's TechVision team
KUALA LUMPUR, Malaysia, Nov. 24, 2016 /PRNewswire/ -- Industries across the board are intensifying their demand for high-performing materials with tunable properties. This surge in the uptake of new materials and coatings will disrupt existing business models, encouraging collaborations among original equipment manufacturers and material developers. Companies and the academia are also signing long-term research agreements for applied research to prove the feasibility of commercial-scale product development. These strategic partnerships will greatly help accelerate the commercial launch of technologies across targeted applications.
2016 Top Technologies in Chemicals and Advanced Materials is part of Frost & Sullivan's TechVision (Materials & Coatings) subscription. The research offers a detailed account of the top technologies employed in anti-corrosive coatings, anti-microbial coatings, bio-based materials, carbon fibers, graphene, lightweight materials, micro- and nano-encapsulation, nanocoatings, self-healing materials and smart packaging. It also covers their market potential, intellectual property and funding, sectors of economic impact and regional adoption.
For complimentary access to more information on this research, please visit: http://corpcom.frost.com/forms/APAC_PR_CLow_D6FB_Nov16.
"Collaboration models that leverage multidisciplinary expertise and stoke research efforts in emerging economies and Asia-Pacific countries are boosting the adoption of new materials and coatings in varied industries," said TechVision Research Analyst Aarthi Janakiraman. "The anti-corrosion coating market in Asia-Pacific has been the most active research hotspot and accounted for 77% of the patents share over the last three years."
Novel chemistries, reduced raw material consumption, low volatile organic compounds content, and environmentally benign chemicals and materials will remain dominant areas of research. Rapid advances in materials such as graphene, carbon fibers and nanocoatings are taking innovation to a higher level, attracting a host of investors that are eager to fund research in materials and coatings.
"Over the last two to three years, investors have emphasized the R&D of multifunctional and high-performance materials and coatings to address application-specific needs," noted Janakiraman. "However, the long-term durability and scalability of these materials need to be proven before they can be considered disruptive."
These inventive coatings and materials are finding substantial uptake in industries as diverse as healthcare, electronics, oil & gas, automotive and building & construction. Companies with presence in numerous industries realize that innovations in the chemicals, materials and coatings domains offer them substantial opportunities to set themselves apart in their target markets. It also helps enterprises position themselves as leading innovators to the right type of consumers.
About TechVision
Frost & Sullivan's global TechVision practice is focused on innovation, disruption and convergence, and provides a variety of technology-based alerts, newsletters and research services as well as growth consulting services. Its premier offering, the TechVision program, identifies and evaluates the most valuable emerging and disruptive technologies enabling products with near-term potential. A unique feature of the TechVision program is an annual selection of 50 technologies that can generate convergence scenarios, possibly disrupt the innovation landscape, and drive transformational growth. View a summary of our TechVision program by clicking on the following link: http://ifrost.frost.com/TechVision_Demo.
About Frost & Sullivan
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2016 Top Technologies in Chemicals and Advanced Materials
D6FB
Contact:
Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com
Melissa Tan
Corporate Communications – Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com
Twitter: @TechVision_FS
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