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Nanocomposites Market to Reach $14.34 Billion by 2027; Presence of Several Large Scale Companies will Provide Impetus to Market Growth, says Fortune Business Insights™

Harshal Jaiswal Harshal Jaiswal
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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 & Industry Analysis, By Type

(Polymer, Metal, Ceramic, Others), By Product (Carbon Nanotubes, Nanoclay,

Graphene, Nanofiber, Others), By Application (Packaging, Electrical &

Electronics, Automotive, Aerospace & Defense, Others), and Geography

Forecast, 2020-2027” the market was worth USD 4.32 b


illion and will exhibit a CAGR of 16.3% during the forecast period,

2020-2027.



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.



Browse Detailed Summary of Research Report

with TOC:



https://www.fortunebusinessinsights.com/nanocomposites-market-104041



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 & 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.



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