Global polymer nanocomposite market is expected to grow substantially over the forecast period owing to the increasing demand from the automotive sector.
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Polymer Nanocomposite Market To 2022 – Market Share, Growth, Trends: Grand View Research, Inc.
1. Polymer Nanocomposite Market Analysis, Market Size,
Application Analysis, Regional Outlook, Competitive
Strategies And Forecasts, 2015 To 2022
Global polymer nanocomposite market is expected to grow substantially over the
forecast period owing to the increasing demand from the automotive sector. The
market is classified based on product type including nanoclay, graphene, carbon
nanotube, metal oxide, inorganic particle reinforced composites and nanofiber. The
polymer nanocomposite market is predicted to witness significant growth owing to
its increasing demand from various applications including aerospace engineering,
electronics & semiconductors, defense, construction, energy, packaging and food
& beverage.
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Reports" visit - http://www.grandviewresearch.com/industry-
analysis/polymer-nanocomposite-market
2. The consumption of nanocomposites is expected to rise pertaining to the higher
strength, better electrical conductivity and light weight properties offered by these
resulting in reduced carbon emissions and superior performance. Booming
aerospace industry is further expected to augment growth on account of increasing
use of composite materials in the fuselage of an aircraft. Moreover, rising
investments and technological advancements in defense and aerospace sector is
expected to spur demand over the next seven years. In addition, strict government
and environmental regulations related to automotive emissions is expected to
propel the polymer nanocomposite market over the forecast period. Furthermore,
increasing demand for packaged food coupled with rapid development in the
construction industry is predicted to surge market demand over the projected
period. North America is expected to contribute significantly towards market
growth owing to the rapid development in the aerospace and energy sector.
Moreover, rising consumption of packaged food is further predicted to augment
market demand over the next seven years.
3. Asia Pacific is predicted to grow substantially on account of swift growth in the
automotive and electronics industry particularly in China and India. Urbanization
and industrialization in this region is further expected to impact the consumption
positively over the projected period. Europe is predicted to impact market growth
owing to increasing concerns over health which is likely to increase the
consumption of polymer nanocomposites in food & beverage and packaging
industry. Moreover, growing automotive industry in Germany, Sweden, and Italy
is predicted to spur the consumption over the next seven years. Latin America and
MEA is likely to contribute towards demand owing to increasing demand from
energy and packaging sector.
4. Global key players include Foster Corporation, 3D System, Industrial Nanotech,
Inframat Corporation, Hybrid Plastics Inc., In Mat Inc., Nanocor Incorporated,
Aveka, Inc., Crown Plastics Co., Inc., SiM Composites, Nanotech Industrial,
NanoLab, Inc., NanoMate Fastener, and Noble Polymers LLC.
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