The Global Nanocomposites Market is projected to reach market revenue of USD 13.64 billion in 2027. The increasing demand for such materials from the modern packaging industry, automotive industry, and government regulations favoring the usage of such products is expected to drive the market during the forecast period.

Nanocomposites are solid materials that have multiple phases of nanoscale dimensions and are mainly of three types – ceramic, metal, or polymer matrix. They possess properties like flexibility, transparency, high thermal, and electrical conductivity. There is a huge demand for nanocomposites in the food packaging industry mainly because they provide resistance from gases, water, and other hydrocarbons. They are also easily recyclable, making it an appropriate material for usage in the packaging industry. They also provide high tensile strength and thus finds widespread usage in the manufacturing of automobile components. Rapid industrialization around the world has led to an increase in construction activities. The construction sector being one of the main consumers of nanocomposites, is largely contributing to the market’s growth. Apart from these, they also find applicability in the electronics and semiconductor industry due to their high thermal and electrical conductivity. Government regulations supporting the usage of nanocomposites in food packaging are a major driver for the market, especially in Europe.

Key players in the market include Nanocor Inc., Zyvex Technologies, Du Pont De Nemours, Arkema Inc., Powdermet Inc., Nanophase Technologies Corporation, Unidym Inc., Nanocyl S.A., Inframat Corporation and Evonik Industries AG.

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The production cost of nanocomposites is quite high, and there is a need for an optimized production process. But there is a lack of technological advancements, which is crucial for the optimization of these processes. These factors are hindering the market’s growth to a certain extent. Large manufacturers around the world are focusing on developing cost-effective solutions and are aiming to supply products at a lower price.

For the purpose of this report, Reports and Data have segmented into the global Nanocomposites Market on the basis of Product, Type, Application and region:

Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Carbon Nanotubes
Nanoclay
Metal Oxide
Nanofiber
Graphene
Others

Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Ceramic-matrix
Metal-matrix
Polymer-matrix
Magnetic

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Packaging
Automotive
Aviation
Electronics & Electrical
Military
Construction
Biomedical
Others

Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

North America
Europe
Asia Pacific
MEA
Latin America

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Key Insights offered in the report:

Business overview, product overview, significant market data, demand and supply ratio and overall industry chain analysis
The report encompasses different approaches and strategic business decisions undertaken by the key players of the market to gain a robust a footing
It describes in detail the production value, marketing strategies, distributors, and factors influencing the growth of the market
Strategic business expansion plans and alliances of the key players
Comprehensive analysis of the present trends and emerging trends of the market
Analysis and identification of the factors influencing the Nanocomposites market such as drivers, restraints, opportunities, and trends

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