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Nanocomposites Market | Covid-19 Impact Analysis
The Nanocomposites Market is segmented by Material Type (Carbon Nanotubes, Metal Oxide, Nanofiber, Nanoclay, Graphene, and Others), by Application Type (Packaging, Automotive, Electronics and Semiconductors, Coating, Aerospace & Defense, Energy, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Nanocomposites market is likely to witness an impressive CAGR of 15.7% during the forecast period. The prime factor contributing to the demand for nanocomposites is its growing adoption in automotive, packaging, defense, and aerospace industries/applications.
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Nanocomposites Market – Snapshot |
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Growth |
15.7% for the next five years |
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Major Material Type |
Nanoclay |
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Dominant Application Type |
Packaging |
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Region with the highest demand |
North America |
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Key Players |
Nanocor Inc., E. I. Du Pont De Nemours, Zyvex Technologies Inc., Arkema Inc., Showa Denko K.K., Powdermet Inc., RTP Company, Nanophase Technologies Corporation, Unidym Inc., and Nanocyl S.A. |
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Based on the material type, the market is segmented as carbon nanotubes, metal oxide, nanofiber, nanoclay, graphene, and others. The nanoclay segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The significant share of the nanoclay segment is attributed to the huge demand from packaging and automotive applications.
Based on the application type, the nanocomposites market is segmented as packaging, automotive, electronics and semiconductors, coating, aerospace & defense, energy, and others. The packaging segment accounted for the largest share by application in 2019, owing to the vast demand from applications, such as pharmaceuticals, food & beverage, and electronics devices. This increase in demand is mainly due to the improved physical and mechanical properties of nanocomposites.
In terms of regions, Asia-Pacific is projected to be the largest and fastest-growing market. The Asia-Pacific’s market is expected to grow with a lucrative CAGR due to the presence of a large number of nanocomposite manufacturers. High adoption of advanced technologies coupled with high demand from the automotive, electronics, and semiconductor applications in China is expected to boost the nanocomposites market in Asia Pacific.
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Some of the major nanocomposite manufacturers are-
A multiphase solid with nano-scale repeat distances between the different phases that make up the material is called nanocomposite. Nanocomposites are used as building blocks that have dimensions in nanometer range in order to create new materials with improved physical properties. This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Nanocomposites Market Research Report – Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The nanocomposites market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
Nanocomposites market is expected to witness an impressive growth of 15.7% CAGR in the foreseeable future.
Nanocor Inc., E. I. Du Pont De Nemours, Zyvex Technologies Inc., Arkema Inc., Showa Denko K.K., Powdermet Inc., RTP Company, Nanophase Technologies Corporation, Unidym Inc., and Nanocyl S.A. are among the key players in the nanocomposites market.
Asia-pacific is expected to be the largest nanocomposites market in the foreseeable future.
The prime factor driving the growth of nanocomposites market is its growing adoption in automotive, packaging, defense, and aerospace industries/applications.
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