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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Nanocomposites Market Outlook
The global nanocomposites market reached a value of around USD 7.22 billion in 2023. The nanocomposites market is expected to grow at a CAGR of 16.2% during the forecast period of 2024-2032.
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The global nanocomposites market is being driven by its high demand from automotive, packaging, aerospace and defence, and electronics and semiconductor sectors.
Global Nanocomposites Market: Properties and Applications
Nanocomposite refers to a multiphase solid material with dimensions in nanometre range, which is used as a building block to design and create new substances with improved flexibility and enhanced physical properties.
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The global nanocomposites market can be broadly categorised on the basis of segments like material types, applications, and regions.
- Material Types:
- Carbon Nanotubes
- Metal Oxide
- Nanoclay
- Nanofibre
- Graphene
- Others
- Applications:
- Packaging
- Automotive
- Electronics and Semiconductor
- Coatings
- Aerospace and Defence
- Energy
- Others
The EMR report looks into the regional nanocomposites markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Global Nanocomposites Market Analysis
The increasing application of lightweight aluminium composite panels for insulation in construction industry is projected to the drive the global nanocomposites market over the forecast period. Due to low permeability to gases, water, and hydrocarbons, nanocomposites are increasingly being used in the food packaging industry, specifically in the packaging of cheese, confectionery, processed meat, boil-in-the-bag food, and cereals, among others. In addition, nanocomposite polymers used in packaging help to reduce production waste and allow recycling, which is expected to propel the nanocomposites market growth.
Global Nanocomposites Market: Competitive Landscape
The report presents a detailed analysis of the following key players in the global nanocomposites market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Mineral Technologies Inc.
- DuPont de Nemours, Inc
- Zyvex Technologies Inc.
- Arkema Inc.
- Powdermet Inc.
- RTP Company
- Others
The EMR report gives an in-depth insight into the nanocomposites market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Nanocomposites Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global nanocomposites market attained a value of nearly USD 7.22 billion.
The market is projected to grow at a CAGR of 16.2% between 2023 and 2032.
The major drivers of the market are the growing automotive sector, surging sales of consumer electronics, rising product demand for packaging applications, and increasing technological advancements.
The growing research and development activities and rising demand for lightweight materials in aerospace and defence sector are the key trends guiding the growth of the nanocomposites market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Carbon nanotubes, metal oxides, nanoclay, nanofibre, and graphene, among others, are the leading material types of nanocomposites in the market.
The significant applications of the product include packaging, automotive, electronics and semiconductors, coatings, aerospace and defence, and energy, among others.
The major players in the market are Mineral Technologies Inc., DuPont de Nemours, Inc, Zyvex Technologies Inc., Arkema Inc., Powdermet Inc., and RTP Company, among others.
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