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Polymer Nanocomposites Market by Type, by Application, and by Region - Trends and Forecasts to 2020

Polymer Nanocomposites Market: Forecasts until 2020

  • February 2015
  • 143 pages
  • ID: 2910396
In this report:
The global production for nanocomposites was ##.## KT in 2014 and is projected to reach ##.## KT by 2020, growing at a CAGR of ##.##% between 2015 and 2020, due to increasing demand from automotive and packaging industries.
The carbon nanotubes based nanocomposites market size in terms of value was $##.## million in 2014, which is expected to grow from $##.## million in 2015 to reach $##.## million by 2020, at a CAGR of ##.##% during the study period.

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The polymer nanocomposites market size in terms of value importance is expected to grow at a compound annual growth rate (CAGR) of 21 - 23.0 percent from 2015 to 2020 to reach $5100.0M by 2020. Asia Pacific (APAC) held the biggest share in nanocomposites market in 2014. Main rise in the Asia Pacific (APAC) area is expected from the increasing packaging, automotive and electronics & semiconductor application.

The polymer nanocomposites market in Asia-Pac region is increasing quick as the application industries including packaging, automotive, electronics & semiconductor, aerospace & defense and coatings are anticipated to register a significant increase rate in next five years. Presence of emerging economies including India and China (CN) are helping the nanocomposites market to grow in the territory. The increasing packaging, automotive, and electronics and semiconductor in these emerging countries helped the nanocomposites market to grow at a higher rate.

Agreement for technology use and new product launch were the best strategies approved by sector actors in order to preserve increase in the nanocomposites market. The nanocomposites has wide industrial applications and recent product launches are paving the way for fulfilling the ever changing demand for new applications with better physical and mechanical properties. As a result of this, a diverse application base is developing for nanocomposites. Market actors are focusing on signing new agreements with researchers, institutes & universities and launching new and innovative materials in both existing and emerging sectors that can meet the increasing demand from application sectors.

The main players in the nanocomposites market are BYK Additives, 3D System, Foster Corporation, Industrial Nanotech, Hybrid Plastics Inc., Inframat Corporation, InMat Inc., Nanocor Incorporated and others.

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