Industry Background:
Nanocomposites are termed as materials which are incorporated into Nano-sized particles in a matrix of standard material. The nanoparticle, when added to the material, increases its properties such as toughness, mechanical strength, and electrical or thermal conductivity of the material. Nanocomposites have various types including polymer metal fiber, carbon nanotube, nanofiber, graphene, nanoplatelet, and others. It is mostly used in various fields including aerospace & defense, electronics & semiconductor, energy, automotive, construction, consumer goods, and others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | 3M (United States), Arkema Group (France), BASF SE (Germany), Cabot Corporation (United States), DowDuPont, Inc. (United States), BYK Additives (Germany), 3D System (United States), Foster Corporation (United States), Industrial Nanotech (United States) and Abakan (Russia) |
This growth is primarily driven by Growing Demand Due To Enriched Physical, Thermal, and Other Unique Properties and Increasing Demand for Reinforced Plastics Fuels Attention in Nanofiller-Reinforced Polymer Nanocomposites.
Globally, a noticeable market trend is evident Upsurging Demand for Electronics Applications
The Chemicals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 3M (United States), Arkema Group (France), BASF SE (Germany), Cabot Corporation (United States), DowDuPont, Inc. (United States), BYK Additives (Germany), 3D System (United States), Foster Corporation (United States), Industrial Nanotech (United States) and Abakan (Russia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global nanocomposites market is highly fragmented and the key players have used innovative strategies including new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to develop their footprints in the global nanocomposites market.
Key Developments in the Market:
In 2021, Arkema acquired with Agiplast. By acquiring this company, Arkema will become the first fully integrated high performance polymer manufacturer, delivering both bio-based and recycled materials to solve the issues of resource scarcity and end-of-life products. The move to a circular economy, in particular, is consistent with this bolt-on purchase and Arkema's CSR and sustainable growth strategy.
Influencing Trend:
Upsurging Demand for Electronics Applications and Rising Developments in Novel Materials Research & Innovation
Market Growth Drivers:
Growing Demand Due To Enriched Physical, Thermal, and Other Unique Properties and Increasing Demand for Reinforced Plastics Fuels Attention in Nanofiller-Reinforced Polymer Nanocomposites
Challenges:
Rising Concern about Reliability, Durability, and Repeatability
Restraints:
High Cost Associated With Nanocomposites
Opportunities:
Huge Opportunity Due To Strong Focus On Efficient & Environment-Friendly Packaging and Fueling Demand of Nanocomposites from Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Nanocomposites Market
- Analysis about New Entrants in Nanocomposites Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Nanocomposites Study Sheds Light on
The Nanocomposites Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Nanocomposites industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nanocomposites industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.