Ltd., Schweiter Technologies, SHOWA DENKO K.K., Sumitomo Chemical Co. KG, DIC Corp., DuPont de Nemours Inc., Functional Materials Manufacturing Inc., Hexcel Corp., Momentive Performance Materials Inc., NiKKi Fron Co. Some of the major vendors of the advanced functional materials market include 3M Corp, AMETEK Inc., Applied Materials Inc., Arkema Group, BASF SE, CeramTec GmbH, Compagnie de Saint Gobain SA, Covestro AG, CPS Technologies Corp., Deutsche Edelstahlwerke Specialty Steel GmbH and Co. Request Our Sample Report Now for highlights on the market growth across various segments and regions.Īdvanced Functional Materials Market 2022-2026: Vendor Analysis and Scope The regional market is driven by the increasing production of automotive products and electronics in countries such as China, Japan, India, and South Korea. Request Sample PDF Report HereĪdvanced Functional Materials Market 2022-2026: SegmentationĪbout 50% of the overall market growth is expected to originate from APAC during the forecast period. The advanced functional materials market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Also, they are expanding their global presence to expand their customer base and remain competitive in the market.įactors such as the increase in automotive regulatory requirements, growing demand for fuel-efficient aircraft and locomotives, and technological advances in medical and diagnostic devices will offer immense growth opportunities in the market. Further, as advanced functional materials have direct substitutes, vendors are increasing their research and development spending to offer innovative advanced functional materials. To survive in this competitive environment, it becomes imperative for vendors to distinguish their product offerings through a clear and unique value proposition. Thus, the threat of rivalry was moderate in 2020. Market vendors offer a wide range of products, and they must adhere to numerous regulations related to the manufacturing of advanced functional materials. This is the longest lifetime of unencapsulated pure TPSCs in N 2 atmosphere.Technavio has announced its latest market research report titled Global Advanced Functional Materials Market 2022-2026 Furthermore, the unsealed TU-modified PSCs can maintain 115% of its initial efficiency after stored in N 2 atmosphere for one year. After stored in N 2 atmosphere for 8 months, the unencapsulated TU-modified PSCs achieve a champion PCE of 10.9% with an open-circuit voltage of 0.79 V. Thus, the TPSCs with TU (TU-modified TPSCs) show a significantly higher power conversion efficienc (PCE) and better stability than those of the TPSCs with ASU (ASU-modified PSCs) and reference TPSCs. The characterization results demonstrate that the TU additive can not only improve the micrograph, crystallinity and antioxidant, but also significantly induce recrystallization and passivate trap states. Here, the thiourea (TU) and amidine thiourea (ASU) are added into the perovskite precursor to regulate the microstructure, inhibit the oxidation of Sn 2+ and promote charge transfer. However, there are a lot of problems such as uncontrollable crystallizationprocess, easy oxidation of Sn 2+ and high defect density have not been completely resolved in TPSCs. Tin-based perovskite solar cells (TPSCs) have become a star candidate in lead-free perovskite cells due to their excellent optoelectronic properties and low toxicity. Dual Effects of Slow Recrystallization and Defects Passivation Achieve Efficient Tin-Based Perovskite Solar Cells with Good Stability Up to One Year
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