The global market for nanocomposites totaled $2.0 billion in 2017 and is estimated to reach $7.3 billion by 2022, growing at a compound annual growth rate (CAGR) of 29.5% for the period of 2017-2022.
Ongoing research in Nanotechnology has paved more ways to enhance the properties of nanocomposites, thereby contributing substantially to the commercialization of nanocomposites. Improved physical and functional properties of nanocomposites has further fuelled demand for these materials across industries, thus contributing to the growth of Global Nanocomposites, Nanoparticles, Nanoclays and Nanotubes market.
In a recently added report titled, ‘Nanocomposites, Nanoparticles, Nan…l Markets to 2022 ’, Market Research Hub (MRH) provides vital inferences on the impact of recent market trends and developments on the growth of the market.
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Snapshot of Nanocomposites, Nanoparticles, Nanoclays, Nanotubes Market
Nanocomposites finds tremendous use across various industries.
However, recent developments have spearheaded their novel uses in food technology, medicine industry, machine industry automobile and aerospace industries.
Polymer nanotechnology is a rapidly growing area, which facilitates better packaging in the food industry. The improved techniques used in these composites improve the barrier and mechanical attributes of the packaging, thus off-setting the probable alterations that cold strike the food product before it reaches the end user.
This development is encouraging manufacturers to optimally use composites in packaging.
Application of polymeric dental composites have introduced novel applications of nanocomposites in the medicine industry. Nanohybrids and Nanofills are two of the most widely used varieties of nanocomposites in dental medicine.
Nanoparticles have also been used to create antimicrobial drugs that can improve the quality and functional capacity of antimicrobial filling.
Recent discovery of ARL Vehicle Technology’s latest technology improves the qualities of the composite material thus facilitating better rotocraft concept. This generates higher speeds at low maintenance.
Segmentation of Nanocomposites, Nanoparticles, Nanoclays, Nanotubes Market
Relevant information detailed in the report offers valuable insights on the impact of various segments on the market growth. In this section, the report segregates the market in two major segments which are type of nanocomposites and application of nanocomposites.
Based on type, the market is segmented as clay nanocomposites, ceramic nanocomposites, carbon nanotube composites metal/metal oxidex containing nanocomposites, nanobiocomposites and others. On the basis of application, the market is segmented in several industries, as these nanonocomposites and their various types have multiple applications.
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Along with the above segmentation, the report is segmented in terms of various regions. On the basis of region, the market is segmented as Europe, Asia Pacific, and America.
Critical information provided in the report further enlightens the readers on the influence of policies implemented by major market players in various regions. On the basis of these insights, leading firms can comprehend the recent trends and developments prevalent in the market and make related decisions.
Competitive Landscape of Nanocomposites, Nanoparticles, Nanoclays, Nanotubes Market
Vital information encapsulated in the report provides significant overview on various policies applied by major companies and their resulting outcome on the investment priorities of the end-use industries. Based on these information outlined in the report, leading firms and new entrants in the market can make correct deduction and corresponding investment decisions.
Leading companies operating in the global market include Agilent Technologies, Alps Electric Co., Ltd., FRONTIER CARBON CORP, HITACHI METALS NEOMATERIAL CO. LTD, LG CHEM, Bayer AG, Foster Corp. and Evonik Industries AG, and others.
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