DUBLIN, October 4, 2017 /PRNewswire/ --

The "Global Nanocomposites Market 2017-2021" report has been added to Research and Markets' offering.

The global nanocomposites market is forecast to grow at a CAGR of 23.66% during the period 2017-2021.

The report, Global Nanocomposites Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the use of nano PVDF aluminum composites in decoration. Nano polyvinylidene fluoride (PVDF) aluminum composites have emerged as a new material that finds applications in curtain walls. They can also be used for exterior decoration in brand chain stores. These composites have an edge over traditional aluminum composites that demand regular cleaning and affect the overall appearance. The application of nano PVDF aluminum composite panels solves the problem of regular cleaning. They have an extremely low tension of the coating and offer greater resistance to dirt, thereby saving on maintenance costs considerably.

According to the report, one of the major drivers for this market is the increasing investments in construction activities. Developing countries have witnessed a rise in their per capita income levels and an increase in urbanization. These factors are contributing to the rise in the number of construction projects. Changing consumer lifestyles have led to the need for housing, which, in turn, is increasing the demand for nanocomposite materials. The global urban population is expected to increase by more than 70% by 2050.

Further, the report states that one of the major factors hindering the growth of this market is high R&D costs. The R&D costs of nanocomposites are high because the process is complicated. In addition, the procedure for testing the application of such materials in various sectors, such as aerospace and defence, is elaborative, time consuming, and expensive. The preparation of nanomaterials that are used in nanocomposites is expensive. For instance, graphite is used as a raw material to produce CNTs. During the production process, graphite has to be brought down to the nanoscale level using various methods, such as chemical vapor deposition, laser ablation, and physical vapor deposition.

Key vendors

• 3M
• Arkema
• BASF
• Cabot
• Evonik Industries

Other prominent vendors

• Cyclics
• DuPont
• Elementis Specialties
• eSPin Technologies
• Foster
• Inframat
• InMat
• Others
  

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Market Segmentation By Product

Part 08: Geographical Segmentation

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/bkpvvk/global

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SOURCE Research and Markets