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Tuesday, November 7, 2023

Global Nanocomposite Market is Anticipated to Grow at a CAGR of 17% during 2024 to 2030

The future of the global nanocomposite market looks promising with opportunities in the packaging, automotive, electronics & semiconductors, coating, aerospace & defense, and energy markets. The global nanocomposite market is expected to reach an estimated $17.7 billion by 2030 with a CAGR of 17% from 2024 to 2030. The major drivers for this market are growing demand for graphene nanocomposites from the electronic sector, enhanced mechanical and physical qualities, and growing usage in packaging industry.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the nanocomposite market by material (carbon nanotubes, metal oxide, nanofiber, nanoclay, and graphene), application (packaging, automotive, electronics & semiconductors, coating, aerospace & defense, energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, carbon nanotubes, metal oxide, nanofiber, nanoclay, and graphene are the major segments of nanocomposite market by type. Lucintel forecasts that carbon nanotubes is expected to witness the highest growth over the forecast period due to the favorable electrical characteristics, as well as, viable replacement properties for IoT transparent conductors in electronics applications. Within this market, packaging will remain the largest segment due to the growing need for cutting-edge packing materials with enhanced barrier qualities and extended shelf life.

APAC is expected to witness highest growth over the forecast period due to the existence of numerous manufacturers of nanocomposites and industries that utilize these materials, as well as, region's growing population and rising urbanization.

Nanocor, E.I. Du Pont De Nemours, Zyvex Technologies, Arkema, Showa Denko K.K., Powdermet, RTP Company, Nanophase Technologies, Unidym, and Nanocyl are the major suppliers in the nanocomposite market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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