Venture Capital
Andrea Alms Video: Money In Motion 37 - Deep Tech Vertical - Advanced Materials
December 2022 - Venture Capital
TRANSCRIPT
Hello, my name is Andrea Alms. I am technology investor, financial Manager and this is your money in motion. On the previous episode, we discuss what is deep tech. Today we are focusing on advanced materials and advanced material can be defined as any new or significantly improved material that provides a distinct advantage in physical or functional performance when compared to conventional materials.
Advanced Materials is in virtually everything from batteries, transportation and more, according to the verified market research. Global Advanced Materials Market was valued at 59 billion U.S. dollars in 2018 and is projected to reach 125 billion by 2026, growing at a compound average growth rate of 9% from 2019 to 2026. This MMR report, the advanced materials market is about 83 billion and it expected to reach $114 billion in 2027, with a compound average growth rate of 4% for the period of 2021 to 27.
Yes, a multibillion dollar global market, yet single digit growth rates numbers widely vary. Let's keep an eye on this one. Thank you and happy New Year. This is your money, your money in motion.