Global Plastic Nanocomposites Market Analysis, 2024-2030

Nanocomposites are materials that contain nano-sized particles in the matrix of a standard material. Nanoparticles improve strength, toughness, the electrical and thermal conductivity of a material. These kinds of materials are used in the automotive industry, defense, consumer goods, construction, energy and electronics and electrical industry. The major role of nanocomposites in vehicle safety and the importance of plastic nanocomposites in weight reduction are the 2 significant reasons why it has a significant demand in markets globally. There is also a visible increase and rise in the usage of nanocomposites in the building & construction fields.

The report on global plastic nanocomposites market presents the crux of over 320 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the plastic nanocomposite industry value chain coupled with exhaustive secondary and primary research

It is said that by 2023, it is expected that nanocomposites will be a USD X.XX Billion market, with volumes nearing X.X million tons. North America is the largest market for plastic nanocomposites, and it accounts for about 40% of the global demand. Asia-Pacific region is picking up in the market slowly but steadily. Europe has proved its existence by performing well in the sales by making up for a grand proportion of sales of the plastic nanocomposite in the year 2017. As of now, packaging and automotive industries are seen using this element to the maximum. But, it is predicted that electronic and electrical appliances industry will take over the dominance by 2025.

Some of the major players in the global plastic nanocomposites market are Arkema SA, BASF SE, Foster Corporation, Hybrid Plastics Inc. and Rockwood Additives Ltd.

Our Approach

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

To calculate the situation in the global plastic nanocomposite market, these particles are categorized based on resin, type, end-use and geography. Carbon nanotube, polymer metal fibre, nanofiber, graphene, and nanoplatelet are some of the types of nanocomposites. Thermosets and thermoplastics are the two types of resin-based categorization. All types of nanocomposites based on different resins were mapped across different applications globally. It is widely used in automotive, aerospace & defense, energy, construction, consumer goods, industrial applications and electrical and electronic appliances.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations (Fig1). This allowed a 3600 view of the industry dynamic.

Figure 1 Primary research breakdown

Contents of the report:

• Insight on the current industry dynamics
• Estimation of the current market size in terms of value and volume
• Market breakup based on resin, type, application, and geography
• Substantiated market forecasting for the next five years
• Detailed analysis of the key companies operating across different nodes of plastic nanocomposite industry value chain

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