Nanocomposites Market By Type (Epoxy-based Nanocomposites, Polymer Nanocomposites, Graphene Enabled Nanocomposites, Carbon Nanotube Enabled Nanocomposites, and Others), By Application (Food Packaging, Textiles, Automobiles, Electronics, Aerospace, Biomedical Medicine & Drugs, Environment Remediation, Agriculture, and Others), and By Region - Trends, Analysis and Forecast till 2030

Nanocomposites Market size accounted for USD 4.8 billion in 2020 and is estimated to be USD 19.15 billion by 2030 and is anticipated to register a CAGR of 16.1%.

Nanotechnology has wide applications and has shown many advantages in different kind of fields. Polymer nanocomposites are made with the combination of both nanomaterials and composites. Nanocomposites are used in different sectors like aerospace, defense, food packaging, electronics, biomedical medicine, automobile industries, textiles and others. In textile industries nanocomposites are used in sensors, mediators, actuators, harvesting elements, thermoregulation and biosensors. The increasing concern for low emissions and low fuel economy in transportation systems has increased use of polymer.

Polymer Nanocomposites are used in Biomedical field for bone replacement, controlled drug delivery, dental applications and tissue engineering. Flexible Polymer Nanocomposites has applications in energy harvesting which provides the new generation functional materials. Polymer Nanocomposites has become most important in field of material sciences due to its wide applications. Wide variety of applications in every field of material science has driven the boosts growth for Nanocomposites market.

Rise in automotive industries and rate of urbanization

Rise in automotive industries is one of the leading factors for the nanocomposites market growth. Rise in urbanization has led to increase in transportation. Purchase of vehicles per individual in house is increasing. Due to excellent properties of fuel saving, high performance, reduction in vehicles weight, reduction in carbon dioxide emissions use of polymer nanocomposites are widely used in automotive industries. Moreover, increasing urban population is one of the driving factors for the nanocomposites market. According to data published by United Nations in 2014, about 54% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in automotive industries and population in urban areas boosts the demand for nanocomposites.

Rise in packed food and new advancement

Manufactures involved in nanocomposites market are developing advanced versions of their products due to new age technological advancements. In this modern age, the demand for packed food is increasing due to change in lifestyle and increase in working women. Food packaging plays an important role in protecting the food from contaminants and to increase the shelf life of food. Demand for new advancement in food preservation is increasing to ensure the healthy, high quality food with the extended shelf life. Polymeric nanocomposites helps in improving food packaging material due to their antimicrobial characteristics, moisture permeability, thermal stability, etc. Rise in use of packed food has increased due to rise in urban population and busy lifestyle. Thus, the use of polymeric nanocomposites in food packaging industries is growing which will result in the growth of the target market. For instance, in 2021, the advancements in functional biopolymer based nanocomposites has proven active and wide applications in food packaging due to their antimicrobial properties. Antimicrobial properties of biopolymer nanocomposites helps in protecting packed food from viruses, bacteria and parasites which will help in food safety and shelf life of food.

Restrains:

However, high manufacturing costs may somewhat restrain the growth of the target market.

Nanocomposites Market is segmented based on type, application, and region.

On the basis of type, the Nanocomposites Market is segmented into Epoxy-based Nanocomposites, Polymer Nanocomposites, Graphene Enabled Nanocomposites, Carbon Nanotube Enabled Nanocomposites, and others. On the basis of application, the target market is classified into Food Packaging, Textiles, Automobiles, Electronics, Aerospace, Biomedical Medicine & Drugs, Environment Remediation, Agriculture, and others.

Regional Insights:

On region the Nanocomposites Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor is anticipated to increase demand for Nanocomposites in the region.

Nanocomposites Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Nanocomposites Market report based on type, application, and region:

Nanocomposites Market, By Type:

• Epoxy-based Nanocomposites
• Polymer Nanocomposites
• Graphene Enabled Nanocomposites
• Carbon Nanotube Enabled Nanocomposites
• Others

Nanocomposites Market, By Application:

• Food Packaging
• Textiles
• Automobiles
• Electronics
• Aerospace
• Biomedical Medicine & Drugs
• Environment Remediation
• Agriculture
• Others

Nanocomposites Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the Nanocomposites Market includes, Powdermet Inc., Zyvex Technologies, e Spin Technologies, DuPont, NanoSonic Inc., Inframat Corporation, RTP Company, UNITIKA LTD., Nanocycl SA, SHOWA DENKO K.K., Industrial Nanotech Inc., Evonik Industries AG, Integran Technologies, Arkema, Nanophase Technologies Corporation, Hybrid Plastics, Nanocor Inc., Nylon Corporation of America, Ad-Nano Technologies, 3M, Minerals Technologies, and others. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in 2013, the Powdermet Inc., has announced the partnership with U.S. Department of Energy, U.S. Army and U.S. Navy to commercialize the sudden development in nanocomposite materials for energy efficiency which will help to improve the energy storage technologies used for renewable energy sectors and for transportation.

• Powdermet Inc.
• Zyvex Technologies
• e Spin Technologies
• DuPont
• NanoSonic Inc.
• Inframat Corporation
• RTP Company
• UNITIKA LTD.
• Nanocycl SA
• SHOWA DENKO K.K.
• Industrial Nanotech Inc.
• Evonik Industries AG
• Integran Technologies
• Arkema
• Nanophase Technologies Corporation
• Hybrid Plastics
• Nanocor Inc.
• Nylon Corporation of America
• Ad-Nano Technologies
• 3M
• Minerals Technologies