Global Nanocomposites Market, By Type (Carbon nanotube, Polymer metal fiber, Nanofiber, Graphene, Nanoplatelet and others), By Application (Automotive, Aerospace & Defense, Electronics & Semiconductor, Energy, Packaging, Consumer Goods, and others), By Resin (Thermosets, Thermoplastics), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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The Global Nanocomposites Market report pin points market opportunities for stakeholders, vendors, market players and other interested parties. This report strategically analyzes microeconomic and macroeconomic factors and their influence on future prospects and growth trends of the global market. The Global Nanocomposites Market report also includes five chapters via competitive situations and trends, product types areas, served and production sites of manufactures, average price by manufactures, revenue share by manufacture and production share by manufacture.
The Global Nanocomposites Market is expected to grow with a healthy CAGR of 18.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Major Market Drivers and Restraints:
- Various developments in novel materials research & innovation provide the platform for growth of nanocomposites.
- Strong demand for reinforced plastics fuels interest in Nanofiller-reinforced polymer nanocomposites
- Strong focus on efficient & environment friendly packaging fuels opportunities for nanocomposites
- Reliability, durability and repeatability are the major challenge faced by the market.
- High cost of nanocomposites is the major interruption in the market growth
Major Market Competitors/Players:
Some of the major players operating in the market are – 3M, Arkema Group, BASF SE, Cabot Corporation, DowDuPont, Inc., DSM, Elementis Specialties Inc., eSpin Technologies, Inc., Evonik Industries AG, Foster Corporation, Hybrid Plastics, Inc., Inframat Corporation, InMat, Inc., Nanocor, Inc, Nanocyl S.A., Nanophase Technologies Corporation, Nyacol Nano Technologies, Inc, Powdermet, Inc, RTP Company, Showa Denko K.K, TNO, Unitika Ltd, Zyvex Technologies among others.
Nanocomposites can also be termed as materials which are incorporate into nano sized particles in a matrix of standard material. The nanoparticle when added to material improves its properties like mechanical strength, toughness and electrical or thermal conductivity of the material. It is a rapidly expanding field that is generating different exciting new composite materials which have novel properties. The different types of nanocomposites include carbon nanotube, polymer metal fiber, nanofiber, graphene, nanoplatelet and others. Now a days these nanocomposites are widely used in various fields such as automotive, aerospace & defense, electronics & semiconductor, energy, construction, consumer goods, and others. The nanocomposite coatings are seem to have an increasing in growth in recent years in many strategic industries such as automotive, aerospace, petroleum, and electronics. Nanocomposite coatings are engineered in such a way so that it could provide eye-catching and cost-effective functional surface coatings which will also have superior properties for anticorrosion, antimicrobial, antifogging, and adhesive applications. The nanocomposites are added to either a thermoplastic or a thermoset material and blended to enhance the properties of the base material. These extruded materials can then be made of filament. According to an article published by Angstron Materials the nanoparticles market had a market value of USD 4.4 billion at the end of year 2016.
Market Segmentation: Global Nanocomposites Market
- The global nanocomposites market is segmented into, type, application, resin and geographical segments.
- Based on type, the market is segmented into carbon nanotube, polymer metal fiber, nanofiber, graphene, nanoplatelet and others.
- On the basis of application, the market is classified into automotive, aerospace & defense, electronics & semiconductor, energy, packaging, consumer goods, and others.
- On the basis of resin, the market is classified into thermosets, thermoplastics.
- Based on geography, the global nanocomposites market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
The global nanocomposites market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nanocomposites market for global, Europe, North America, Asia Pacific and South America.
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