About Nanocomposites
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 | 2020-2032 |
Base Year | 2024 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Nanocomposites market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hybrid Plastics Inc. (United States), Inframat Corporation (United Kingdom), InMat Inc. (United States) and Nanocor Incorporated (United States).
Segmentation Overview
AMA Research has segmented the market of Global Nanocomposites market by Type (Carbon Nanotube, Polymer Metal Fiber, Nanofiber, Graphene, Nanoplatelet and Others), Application (Automotive, Aerospace & Defense, Electronics & Semiconductor, Energy, Packaging, Consumer Goods and Others) and Region.
On the basis of geography, the market of Nanocomposites has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2024. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Resin, the sub-segment i.e. Thermosets will boost the Nanocomposites market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
Market Leaders and their expansionary development strategies
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.
Key Target Audience
Industry Association Related to Nanocomposites, Government Regulatory Bodies, Government and Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.