Nanocomposites Market Worth $8.5 Billion by 2024 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 16, 2019 /PRNewswire/ -- According to the new market research report "Nanocomposites Market by Type (Carbon Nanotubes, Nanoclay Metal Oxide, Nanofiber, Graphene), Resin Type, Application (Packaging, Automotive, Electrical & Semiconductors, Coatings, Aerospace & Defense, Energy), Region - Global Forecast to 2024", published by MarketsandMarkets™, the Nanocomposites Market size is expected to grow from USD 4.1 billion in 2019 to USD 8.5 billion by 2024, at a CAGR of 16.0%, during the forecast period. The market is witnessing significant growth because of the growing demand from various application industries, such as packaging, aerospace & defense, automotive, and biomedical. Nanocomposites have properties, such as high strength, corrosion resistance, durability, mechanical strength, and high-temperature stability.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141476334https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128289566 - utm_source=PRNewswire&utm_medium=Referal&utm_campaign=PaidPR

Browse in-depth TOC on "Nanocomposites Market"

69 – Tables

38 – Figures

116 – Pages

View detailed Table of Content here:

https://www.marketsandmarkets.com/Market-Reports/nanocomposites-market-141476334.html

Packaging application to account for the largest share, in terms of value, of the overall nanocomposites market in 2019

The demand for smart packaging, where nanomaterials have applications, continues to rise across the globe due to the need for better safety and quality. As consumers continue to demand much more from packaging in terms of protecting the quality, freshness, and safety of foods, the application of nanomaterials in food & beverage packaging is expected to grow at a significant pace.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=141476334

Carbon Nanotube-based nanocomposite is the fastest-growing material segment in the overall market.

Nanocomposites are divided into six segments based on materials, namely, carbon nanotubes, metal oxide, nanofiber, nanoclay, graphene, and others. Carbon nanotubes are widely used in electronics & semiconductor application due to their desirable electrical properties. They are considered a viable replacement for IoT (Internet of things) transparent conductors in electronics applications. Fabricated as transparent conductive films (TCF), carbon nanotubes can be used as a highly conductive, transparent, and cost-efficient alternative in flexible displays and touch screens.

Asia Pacific is expected to be the largest market for nanocomposites during the forecast period, in terms of volume.

Asia Pacific is one of the leading nanocomposites markets. The growing demand from applications, such as packaging, automotive, and electronics & semiconductor is driving the nanocomposites market in the region. The region has a presence of major nanocomposite manufacturers who focus on the adoption of various business strategies to increase the production of nanocomposites and meet the growing demand from end users. For instance, in 2018, Airbus Beijing Engineering Center and the National Center for Nanoscience and Technology of China launched a new lab focusing on the nanocomposite material.  

Some of the prominent players in the Nanocomposites Market are Nanocor Inc. (US), Arkema Inc. (France, Evonik Industries AG (Germany), Showa Denko, K.K. (Japan), and Zyvex Technologies Inc. (US). The strategies undertaken by these players include new product developments and research on new applications.

Get 10% Free Customization on this Report:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=141476334

Browse Adjacent Markets: Fibers and Composites Market Research Reports & Consulting

Related Reports:

Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Layup, Filament Winding, Pultrusion), Application (Transportation, Aerospace & Defense, Wind Energy), Region - Global Forecast to 2022

Metal Matrix Composite Market by Type (Aluminum MMC, Magnesium MMC, Refractory MMC), Production Technology, Reinforcement (Continuous, Discontinuous, Particle), End Use Industry, and Region - Global Forecast to 2021

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/nanocomposites-market.asp
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/nanocomposites.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg