The study of materials science is a fairly recent discipline and a rather large one. It involves applications from a variety of scientific disciplines which lead to new materials being developed. Chemists play a major role in materials science as chemistry offers knowledge about the nature and composition of products, as well as the methods for synthesizing and utilizing them. Materials science covers so many various fields and applications that people employed in this area appear to specialize in a kind of methodology or substance
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Market Analysis: he global market for advanced materials is experiencing substantial growth, with its value estimated to reach around US$ 92.71 billion in 2025. This sector is projected to expand at a steady compound annual growth rate (CAGR) of 6.4% in the near term.Looking further out, the market is set for even more rapid acceleration. By 2029, its value is expected to surge to an estimated US$ 128.1 billion, demonstrating an impressive CAGR of 8.4%. Some forecasts suggest this upward trend will continue, potentially pushing the market beyond US$ 127 billion by 2034, sustained by a robust growth rate.
Key Market Players: BASF (Germany) / Sinopec (China) / LG Chem (South Korea) / Mitsubishi Chemical Group (Japan) / Covestro (Germany) / Shin-Etsu Chemical (Japan) / Heraeus (Germany) / J. Rettenmaier & Söhne (JRS) (Germany) / Saint-Gobain (France) / Toray Industries (Japan) / Evonik Industries (Germany) / Sulapac (Finland) / National University of Singapore (Singapore) / Chinese Academy of Sciences (China)
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