Nanocomposites Market Trends, Key Players, DROT, Analysis & Forecast Till 2027
The Global Nanocomposites Market is projected to reach market revenue of USD 13.64 billion in 2027. The increasing demand for such materials from the modern packaging industry, automotive industry, and government regulations favoring the usage of such products is expected to drive the market during the forecast period.
Nanocomposites are solid materials
that have multiple phases of nanoscale dimensions and are mainly of three types
– ceramic, metal, or polymer matrix. They possess properties like flexibility,
transparency, high thermal, and electrical conductivity. There is a huge demand
for nanocomposites in the food packaging industry mainly because they provide
resistance from gases, water, and other hydrocarbons. They are also easily
recyclable, making it an appropriate material for usage in the packaging
industry. They also provide high tensile strength and thus finds widespread
usage in the manufacturing of automobile components. Rapid industrialization
around the world has led to an increase in construction activities. The
construction sector being one of the main consumers of nanocomposites, is
largely contributing to the market’s growth. Apart from these, they also find
applicability in the electronics and semiconductor industry due to their high
thermal and electrical conductivity. Government regulations supporting the
usage of nanocomposites in food packaging are a major driver for the market,
especially in Europe.
Nanocor Inc., Zyvex Technologies, Du Pont De
Nemours, Arkema Inc., Powdermet Inc., Nanophase Technologies Corporation,
Unidym Inc., Nanocyl S.A., Inframat Corporation and Evonik Industries AG.
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Major Points Covered in the Global Nanocomposites
Market Report:
· Market
Coverage: This section of the report provides
significant details on key market aspects including the key market segments,
product innovation scope, and macro-economic and micro-economic growth
indicators. In addition, the report segments the global Nanocomposites market
based on product type, technology landscape, and application range.
· Executive
Summary: Under this section, the global market
growth rate, competitive landscape, drivers and constraints, trends,
limitations, and the key market segments have been discussed.
· Regional
Analysis: In this section, the latest report
highlights the extensive global presence of the Nanocomposites market. This
section offers key insights into the latest trends in the regional markets
including North America, Asia Pacific, Europe, Latin America, and Middle East
& Africa.
· Competitive
Landscape: This section of the report highlights
the key players in the global Nanocomposites market. It further emphasizes the
leading products and services offered by these companies.
· Manufacturers’
portfolios: This section
includes detailed information regarding the product portfolio of each local and
global manufacturer, their strengths and weaknesses, product catalogue,
production value and capacity, and other vital information.
Further key findings from the report
suggest
- Nanoclay product holds a considerable
market share because of its demand from the packaging and automotive
sector.
- The polymer matrix structure is used in
multi-walled carbon nanotubes, which is witnessing high demand from end-user
industries and thus augmenting the segment’s growth.
- The automobile sector is one of the major
consumers of nanocomposites primarily due to the usage of nanocomposites
in manufacturing of various automobile components.
- European nanocomposites market is growing
at a steady pace due to the presence of a large number of automobile
manufacturers in this region.
- There have been a number of new product
launches in the market, amongst which Zyvex Nanotube Technology by Zyvex
Technologies, RESOMET Composite Polymers by Evonik Industries AG require
special mention.
- In March 2017, Evonik Industries AG,
along with Forward Engineering established a joint venture named VESTARO
GmbH in order to develop composite solutions for the production of fiber
composite components for automobile industry.
- There have been a number of M&A in
the industry like Evonik Industries AG acquiring the additive business of
Air Products in 2017 and Arkema Inc acquiring Arrmaz in 2019.
For the purpose of this report,
Reports and Data have segmented into the global Nanocomposites Market on the
basis of Product, Type, Application and region:
To identify the
key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/nanocomposites-market
Product Outlook
(Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Carbon Nanotubes
- Nanoclay
- Metal Oxide
- Nanofiber
- Graphene
- Others
Type Outlook
(Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Ceramic-matrix
- Metal-matrix
- Polymer-matrix
- Magnetic
Application
Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Packaging
- Automotive
- Aviation
- Electronics & Electrical
- Military
- Construction
- Biomedical
- Others
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Regional Outlook
(Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
- U.S
- Europe
- U.K
- Germany
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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