Materials science and engineering, involves the discovery and design of recent materials. Several of the foremost pressing scientific issues humans presently face are because of the constraints of the materials that are accessible and, as a result, major breakthroughs in materials science are probably to affect the future of technology considerably. Materials scientists lay stress on understanding however the history of a material influences its structure, and therefore its properties and performance. All engineered product from airplanes to musical instruments, alternative energy sources associated with ecologically-friendly producing processes, medical devices to artificial tissues, computer chips to data storage devices and many more are made of materials. In fact, all new and altered materials are typically at the heart of product innovation in highly various applications. The global market is projected to reach $6,000 million by 2020 and lodge a CAGR of 10.2% between 2015 and 2020 in terms of price. The North American region remains the biggest market, accompanied by Asia-Pacific. The Europe market is calculable to be growth at a gradual rate because of economic redeem within the region alongside the increasing concern for the building insulation and energy savings.