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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Nanocomposites Market Report Snapshots
Nanocomposites Market Analysis
*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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