Nanocomposites Market Top 20 Key Players, Size Estimation, Industry Share, Business Analysis and Growth Forecast to 2027

(MENAFN – The Express Wire)
Nanocomposites Market Top 20 Key Players, Size Estimation, Industry Share, Business Analysis and Growth Forecast to 2027

Posted on Dec 30 2020 4:46 PM

“Global Nanocomposites market size will grow to a highest revenue by 2027 at unexpected high CAGR. Exclusive Nanocomposites market report, trends & future forecast. Get Preview OR Buy Full Report! Trusted by top brands & Investment opportunities. 200 pages Nanocomposites report with 5-year growth forecast.”

Nanocomposites report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.

The global nanocomposites market size is projected to reach USD 14.34 billion  by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of market growth. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by  Fortune Business Insights , titled  ‘Nanocomposites Market Size, Share and Industry Analysis, By Type (Polymer, Metal, Ceramic, Others), By Product (Carbon Nanotubes, Nanoclay, Graphene, Nanofiber, Others), By Application (Packaging, Electrical and Electronics, Automotive, Aerospace and Defense, Others), and Geography Forecast, 2020-2027  the market was worth  USD 4.32 billion  and will exhibit a  CAGR of 16.3% during the forecast period, 2020-2027.

 

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Nanocomposites are substances that possess properties that cater to applications across diverse industry verticals. The massive investments in the research and development of efficient products will emerge in favor of growth of the overall market in the coming years. The increasing applications of the product have attracted huge investments from large scale companies across the world. The properties of nanocomposites such as good electric conductivity, high thermal stability, and excellent mechanical strength have fuelled the demand for the product across the world. The increasing uses of nanocomposites in the biomedical industry will bode well for the growth of the overall nanocomposites market in the foreseeable future.

Covid-19 Pandemic to Create Several Growth Opportunities for Nanocomposite Businesses

The recent coronavirus outbreak has had a massive impact on several economies across the globe. Due to the rapid spread of the disease, several countries are looking to implement strict measures with a view to controlling the spread of the disease. The efforts taken to curb the spread of the disease have limited the growth of the businesses across the world. Despite the barriers set by the Covid-19 pandemic, the nanocomposites market will derive significant growth from this due to the rise in demand for packaging material across the world. Due to the increase in deliveries across food supplies and other industries will emerge in favor of market growth. Besides the food industry, the electronics industry will also witness significant growth due to the recent pandemic.

Increasing Number of Company Collaborations will Emerge in Favor of Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing demand for the product, there is a healthy market competition across the world. The strong market competition has encouraged companies to adopt newer strategies that have helped them establish a stronghold in the market. In July 2020, PPK announced that it has partnered with Geelong’s Deakin University for the development of a new product integrated with nanocomposites. The companies will develop boron nitride nanotubes (BNNT) for new dental nanocomposites. Increasing number of such company collaborations will have a huge impact on the growth of the overall market in the forthcoming years.

 

Asia Pacific to Emerge Dominant; Presence of Several Large Scale Companies will Emerge in Favor of Market Growth

The report analyzes the ongoing market trends across North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing use of nanocomposites by large scale companies in the Asia Pacific will fuel the demand for the product across the world. The increasing investments in the research and development of efficient products will also emerge in favor of market growth. Additionally, the increasing use of nanocomposites in the electronic industry will have a huge impact on the growth of the regional market. As of 2019, the market in Asia Pacific was worth USD 1.65 billion and this value is projected to rise at considerable pace in the coming years.

 

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List of the Key Companies Profiled:

  • Arkema S.A. (France)
  • Evonik Industries AG (Germany)
  • Showa Denko K.K. (Japan)
  • Cabot Corporation (U.S.)
  • Zyvex Technologies Inc. (U.S.)
  • Nanocyl SA (Belgium)
  • RTP Company (U.S.)
  • Nanophase Technologies Corporation (U.S.)
  • Nanocor Inc. (U.S.)
  • DuPont (U.S.)
  • Other Key Players

Industry Developments:

July 2019: Researchers from the University of California, Santa Barbara and the University of Hawaii have synthesized nanoparticles that can be used for 3D printing.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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