The global nanocomposites market was valued at USD 3.9 billion in 2018 and is expected to reach USD 10.2 billion in 2026, growing at a CAGR of 10.5% during the forecast period.
Nanocomposites consist of nano-sized particles into a matrix of standard material. These nano-sized particles are used to mix into materials to enhance the thermal conductivity, toughness, and mechanical strength of the material. There are various types of nanocomposites which include metal oxide, nano clay, nanofiber, carbon nanotubes, and graphene. It has flame resistance, thermal, and flame resistance properties which are used mainly in anticorrosion, antimicrobial, antifogging, and adhesive applications.
The growth of the nanocomposites market is primarily driven by supportive government regulations for use of nanocomposites in the packaging and food and beverage industry, increase in demand for nanocomposites in end-use industries, and growing demand for enhanced mechanical and physical properties. Moreover, rising demand from growing end-use industries, such as packaging, automotive & transportation, and food and beverage in emerging countries also drives the growth of the global nanocomposites market. The nanocomposites are used in the automotive industry to improve the durability of a component such as headlamp covers, engine cover, tires, and interior and exterior components. The increase in demand for weight reduction in vehicles to enhance fuel-efficiency further increases the demand for nanocomposites during the forecast period. On the other hand, stringent government regulations regarding environmental safety and high costs of the product are creating a major hindrance for its market growth. However, continuous development in commercializing bio-based nanocomposites and graphene-based nanocomposites is expected to create major growth opportunities in the future.
Nanocomposites Market Segemnetation |
|
| By Product Type | 1. Carbon Nanotubes |
| 2. Metal Oxide | |
| 3. Nano Clay | |
| 4. Nanofiber | |
| 5. Graphene | |
| 6. Others | |
| By Application | 1. Automotive |
| 2. Packaging | |
| 3. Electronics & Semiconductor | |
| 4. Aerospace & Defense | |
| 5. Energy | |
| 6. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The carbon nanotubes segment expected to grow at the fastest rate of 18.5% CAGR during the forecast period
Based on the product type, the global nanocomposites market has been segmented into carbon nanotubes, metal oxide, nano clay, nanofiber, graphene, and others. Due to its excellent properties like high durability and desirable electrical properties, carbon nanotubes are the most widely used across the electronics industries across the globe. These carbon nanotubes are transparent; provide excellent finish gloss, rigid, flexible, and highly conductive. Due to these factors, carbon nanotubes are expected to grow at the fastest rate throughout the forecast period.
Based on the application, the packaging segment is expected to lead during the forecast period
Based on the application, the nanocomposites market has been segmented into automotive, packaging, electronics & semiconductor, aerospace & defense, energy, and others. The packaging segment accounted for the largest share of 28% in the global market in 2018 and attributes to dominate over the forecast period. Owing to the growing demand for nanocomposites in food & beverage, pharmaceuticals, and electronics devices. The growing e-commerce industry, increase in demand for packaged foods, and an increase in demand from the food industry for packaging and wrapping films continue to increase the demand for nanocomposites in the packaging segment.
Asia-Pacific to dominate the global nanocomposites market throughout the forecast period
Asia-Pacific accounted for nearly 38% share of the global nanocomposites market in 2018 and is expected to dominate the market throughout the forecast period followed by North America and Europe. An increase in the number of manufacturers and strong economic growth in the Asia-Pacific region is one of the key factors driving the consumption of nanocomposites in this region. Moreover, the growth of construction, automotive, packaging, and food industry in key countries such as Japan, India, and China are also propelling the growth of nanocomposites in the Asia-Pacific region. Moreover, Europe accounted for the highest CAGR in the global nanocomposites market during the forecast period.
Company Profiles and Competitive Intelligence Covered in Nanocomposites Market are:
The major players operating in the global nanocomposites market are Evonik Industries AG (Germany), Nanocyl SA (Belgium), ZYVEX TECHNOLOGIES (US), Arkema (France), NanoSonic, Inc. (US), UNITIKA LTD (Japan), Pixelligent (US), Industrial Nanotech, Inc. (US), Integran Technologies (Canada), and SHOWA DENKO K.K. (Japan) among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Nanocomposites Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Nanocomposites Market
1.3. Market Dynamics
1.4. Global Nanocomposites Market, by Segment, 2018
1.4.1. Global Nanocomposites Market, by Product Type, 2018, (USD Million)
1.4.2. Global Nanocomposites Market, by Application, 2018, (USD Million)
1.4.3. Global Nanocomposites Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Nanocomposites Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Nanocomposites Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Rising demand of Nanocomposites in major end-user industries
2.2.2. Growing demand enhanced mechanical and physical properties
2.3. Market Restraints
2.3.1. Stringent government regulations regarding environment safety
2.3.2. High cost of nanocomposites
2.4. Market Opportunities
2.4.1. Continuous development in commercializing bio-based nanocomposites and graphene-based nanocomposites
2.4.2. Opportunity 2
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Nanocomposites Market, by Product Type
3.1. Market Overview, by Product Type
3.1.1. Global Nanocomposites Market, by Product Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Product Type, 2018
3.2. Carbon Nanotubes
3.2.1. Global Nanocomposites Market, by Carbon Nanotubes, 2016-2026, (USD Million)
3.3. Metal Oxide
3.3.1. Global Nanocomposites Market, by Metal Oxide, 2016-2026, (USD Million)
3.4. Nanoclay
3.4.1. Global Nanocomposites Market, by Nanoclay, 2016-2026, (USD Million)
3.5. NanoAerospace & Defense
3.5.1. Global Nanocomposites Market, by NanoAerospace & Defense, 2016-2026, (USD Million)
3.6. Graphene
3.6.1. Global Nanocomposites Market, by Graphene, 2016-2026, (USD Million)
3.7. Others
3.7.1. Global Nanocomposites Market, by Others, 2016-2026, (USD Million)
Chapter 4 Global Nanocomposites Market, by Application
4.1. Market Overview, by Application
4.1.1. Global Nanocomposites Market, by Application, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Application, 2018
4.2. Automotive
4.2.1. Global Nanocomposites Market, by Automotive, 2016-2026, (USD Million)
4.3. Packaging
4.3.1. Global Nanocomposites Market, by Packaging, 2016-2026, (USD Million)
4.4. Electronics & Semiconductor
4.4.1. Global Nanocomposites Market, by Electronics & Semiconductor, 2016-2026, (USD Million)
4.5. Aerospace & Defense
4.5.1. Global Nanocomposites Market, by Aerospace & Defense, 2016-2026, (USD Million)
4.6. Energy
4.6.1. Global Nanocomposites Market, by Energy, 2016-2026, (USD Million)
4.7. Others
4.7.1. Global Nanocomposites Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Nanocomposites Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Nanocomposites Market, by Region, 2016-2026, (USD Million)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Nanocomposites Market
5.3.1. North America Nanocomposites Market, by Product Type, 2016-2026 (USD Million)
5.3.2. North America Nanocomposites Market, by Application, 2016-2026 (USD Million)
5.3.3. United States Nanocomposites Market, 2016-2026 (USD Million)
5.3.4. Canada Nanocomposites Market, 2016-2026 (USD Million)
5.4. Europe Nanocomposites Market
5.4.1. Europe Nanocomposites Market, by Product Type, 2016-2026 (USD Million)
5.4.2. Europe Nanocomposites Market, by Application, 2016-2026 (USD Million)
5.4.3. United Kingdom Nanocomposites Market, 2016-2026 (USD Million)
5.4.4. Germany Nanocomposites Market, 2016-2026 (USD Million)
5.4.5. France Nanocomposites Market, 2016-2026 (USD Million)
5.4.6. Rest of Europe Nanocomposites Market, 2016-2026 (USD Million)
5.5. Asia Pacific Nanocomposites Market
5.5.1. Asia Pacific Nanocomposites Market, by Product Type, 2016-2026 (USD Million)
5.5.2. Asia Pacific Nanocomposites Market, by Application, 2016-2026 (USD Million)
5.5.3. China Nanocomposites Market, 2016-2026 (USD Million)
5.5.4. Japan Nanocomposites Market, 2016-2026 (USD Million)
5.5.5. India Nanocomposites Market, 2016-2026 (USD Million)
5.5.6. Rest of Asia Pacific Nanocomposites Market, 2016-2026 (USD Million)
5.6. Latin America Nanocomposites Market
5.6.1. Latin America Nanocomposites Market, by Product Type, 2016-2026 (USD Million)
5.6.2. Latin America Nanocomposites Market, by Application, 2016-2026 (USD Million)
5.6.3. Brazil Nanocomposites Market, 2016-2026 (USD Million)
5.6.4. Mexico Nanocomposites Market, 2016-2026 (USD Million)
5.6.5. Rest of Latin America Nanocomposites Market, 2016-2026 (USD Million)
5.7. Middle East & Africa Nanocomposites Market
5.7.1. Middle East & Africa Nanocomposites Market, by Product Type, 2016-2026 (USD Million)
5.7.2. Middle East & Africa Nanocomposites Market, by Application, 2016-2026 (USD Million)
5.7.3. GCC Nanocomposites Market, 2016-2026 (USD Million)
5.7.4. Rest of Middle East & Africa Nanocomposites Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Product Type
6.3.2. By Application
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Product Type Developments
Chapter 7 Company Profiles
7.1. Evonik Industries AG
7.1.1. Evonik Industries AG Overview
7.1.2. Evonik Industries AG Product Types Portfolio
7.1.3. Evonik Industries AG Financial Overview
7.1.4. Evonik Industries AG News/Recent Developments
7.2. Nanocyl SA
7.2.1. Nanocyl SA Overview
7.2.2. Nanocyl SA Product Types Portfolio
7.2.3. Nanocyl SA Financial Overview
7.2.4. Nanocyl SA News/Recent Developments
7.3. ZYVEX TECHNOLOGIES
7.3.1. ZYVEX TECHNOLOGIES Overview
7.3.2. ZYVEX TECHNOLOGIES Product Types Portfolio
7.3.3. ZYVEX TECHNOLOGIES Financial Overview
7.3.4. ZYVEX TECHNOLOGIES News/Recent Developments
7.4. Arkema
7.4.1. Arkema Overview
7.4.2. Arkema Product Types Portfolio
7.4.3. Arkema Financial Overview
7.4.4. Arkema News/Recent Developments
7.5. NanoSonic, Inc.
7.5.1. NanoSonic, Inc. Overview
7.5.2. NanoSonic, Inc. Product Types Portfolio
7.5.3. NanoSonic, Inc. Financial Overview
7.5.4. NanoSonic, Inc. News/Recent Developments
7.6. UNITIKA LTD
7.6.1. UNITIKA LTD Overview
7.6.2. UNITIKA LTD Product Types Portfolio
7.6.3. UNITIKA LTD Financial Overview
7.6.4. UNITIKA LTD News/Recent Developments
7.7. Pixelligent
7.7.1. Pixelligent Overview
7.7.2. Pixelligent Product Types Portfolio
7.7.3. Pixelligent Financial Overview
7.7.4. Pixelligent News/Recent Developments
7.8. Industrial Nanotech, Inc.
7.8.1. Industrial Nanotech, Inc. Overview
7.8.2. Industrial Nanotech, Inc. Product Types Portfolio
7.8.3. Industrial Nanotech, Inc. Financial Overview
7.8.4. Industrial Nanotech, Inc. News/Recent Developments
7.9. Integran Technologies
7.9.1. Integran Technologies Overview
7.9.2. Integran Technologies Product Types Portfolio
7.9.3. Integran Technologies Financial Overview
7.9.4. Integran Technologies News/Recent Developments
7.10. SHOWA DENKO K.K.
7.10.1. SHOWA DENKO K.K. Overview
7.10.2. SHOWA DENKO K.K. Product Types Portfolio
7.10.3. SHOWA DENKO K.K. Financial Overview
7.10.4. SHOWA DENKO K.K. News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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