$8.5 Billion Nanocomposites Markets, 2024 - Opportunities in Development of Bio-Based Nanocomposites & Increasing High-Value Applications of Graphene-Based Nanocomposites

DUBLIN, July 29, 2019 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.

The nanocomposites market size is estimated to be USD 4.1 billion in 2019 and is projected to reach USD 8.5 billion by 2024

Nanocomposites are used in different applications, such as packaging, aerospace & defence, automotive, electronics & semiconductors, coating, and energy. They exhibit various properties, such as non-corrosiveness, lightweight, high mechanical strength, and high-temperature capability. The superior properties offered by nanocomposites are enabling its usage in various end-use industries.

Nanoclay-based nanocomposites accounted for the largest share, in terms of value, of the overall nanocomposites market in 2018

Nanoclay-based nanocomposites accounted for the largest share in the global nanocomposites market; this is due to the increasing demand from packaging, automotive, and coatings applications as nano clay material improve barrier properties, strength, stiffness, dimensional stability, and a heat resistance of the composite product. The growing demand from packaging industries is a major driver of the growth of the nanoclay-based composites market during the forecast period.

The nanocomposites market in the automotive application is expected to register the highest CAGR between 2019 and 2024.

The use of nanomaterials in the current and future automobiles would enable the usage of environmentally-friendly automotive materials with higher performance. The nanocomposites are expected to witness high growth in the automotive industry, due to superior performance properties of nanocomposites, which can improve the physical and mechanical properties of automobiles. China is propelling the growth in the Asia Pacific region, mainly because it enjoys higher national government support and spending on nanotechnology across respective domestic markets.

The nanocomposites market in Asia Pacific is projected to register the highest CAGR, in terms of value and volume, between 2019 and 2024.

Asia Pacific dominated the global nanocomposites market. The region has the presence of many manufacturers and application industries of nanocomposites and its products. China accounted for a major share of the global nanocomposites market and is expected to register significant growth during the forecast period. The growth of the nanocomposites market in Asia Pacific region is mainly driven by the growing packaging, automotive, and electronics & semiconductor application industries.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Nanocomposites Market
4.2 Nanocomposites Market, By Application
4.3 Nanocomposites Market, By Material Type
4.4 Nanocomposites Market, By Resin Type
4.5 Nanocomposites Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Use of Nanocomposites in the Packaging Industry
5.2.1.2 Enhanced Physical and Mechanical Properties
5.2.1.3 Growing Demand for Nanocomposites in the Automotive Industry
5.2.2 Restraints
5.2.2.1 Environmental and Health Safety Issues
5.2.3 Opportunities
5.2.3.1 Development of Bio-Based Nanocomposites
5.2.3.2 Increasing High-Value Applications of Graphene-Based Nanocomposites
5.2.4 Challenges
5.2.4.1 High Research & Development and Processing Costs
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of Substitutes
5.3.4 Threat of New Entrants
5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends in Aerospace Industry
6.4 Trends in the Automotive Industry

7 Nanocomposites Market, By Material Type
7.1 Introduction
7.2 Carbon Nanotubes
7.2.1 Growing Demand From Electronics & Semiconductor Applications to Drive Carbon Nanotube-Based Nanocomposites Market
7.3 Metal Oxide
7.3.1 Growing Demand From Packaging and Medical Applications to Drive Metal Oxide-Based Nanocomposites Market
7.4 Nanoclay
7.4.1 Nanoclay Based-Nanocomposites Holds the Largest Share in the Overall Market
7.5 Nanofiber
7.5.1 Nanofiber Based-Nanocomposites Offer Low-Cost Alternative to Carbon Nanotubes
7.6 Graphene
7.6.1 Graphene-Based Nanocomposites Witnessing High Demand in Biomedical Applications
7.7 Other Nanoparticles/Nanofillers

8 Nanocomposites Market, By Resin Type
8.1 Introduction

9 Nanocomposites Market, By Application
9.1 Introduction
9.2 Packaging
9.2.1 Demand for Fresh and Quality Packaged Food Driving the Nanocomposites Market in Packaging
9.3 Automotive
9.4 Electronics & Semiconductor
9.4.1 Solar Cells, Touch Screens, and Transparent Electrodes Emerging as Promising Applications of Nanocomposites
9.5 Coatings
9.5.1 APAC is Largest and Fastest-Growing Market for Nanocomposites in Coatings Applications
9.6 Aerospace & Defense
9.6.1 Europe is the Largest Consumer of Nanocomposites in Aerospace & Defence Application
9.7 Energy
9.7.1 Graphene-Based Nanocomposites Offer Prospective Applications in Energy Sector
9.8 Other Applications

10 Regional Analysis

Companies Mentioned

• Arkema Inc.
• E. I. Du Pont De Nemours
• Evonik Industries AG
• Hyperion Catalysis International
• Inframat Corporation
• Inmat Inc.
• NEI Corporation
• Nano Shine Group
• Nanocor Inc.
• Nanocyl S.A.
• Nanophase Technologies Corporation
• Noble Polymers
• Polyone Corporation
• Powdermet Inc.
• RTP Company
• Showa Denko K.K.
• Simcomposites
• Unidym Inc.
• Unitika Ltd.
• Zyvex Technologies Inc.

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