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  • Nanocomposites Market worth $8.5 billion, by 2024


    (Aviation-NewsWire.Com, August 06, 2019 ) The 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" 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.

    Request for PDF brochure of Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141476334

    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.

    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.

    Don't miss out on business opportunities in Nanocomposites Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=141476334

    Browse in-depth TOC on "Nanocomposites Market”
    69 - Market Data Tables
    38 - Figures
    116 - Pages

    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.

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    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.


    Mr. Shelly Singh



    Source: EmailWire.Com

    Source: EmailWire.com

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