Nanocomposites Market is Projected to Reach US$ 14.54 Billion in 2028
The Nanocomposites Market is expected to reach US$ 14.54 Billion in 2028, growing at a CAGR of 16.12% during 2022-2028, reports Stratview Research.Raipur, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Stratview…
The report includes estimates of growth rates based on the intensity and constraints of drivers, and also provides graphical illustrations that illustrate key insights.
Segments of the market include carbon nanotubes and metal oxide, nanofiber and nanoclay. The market's largest share was held by the Nanoclay Segment, which is expected to continue its dominance over the forecast period. There are five segments in the nanocomposites market: packaging, automotive electronics and semiconductors; coating, aerospace and defense, energy and others. Due to the large demand from various applications such as food & beverages, pharmaceuticals, and electronics, the Packaging Segment held the largest share. Asia-Pacific is expected to be the fastest-growing and largest market. Due to the large number of manufacturers of nanocomposite, the market in Asia-Pacific is expected to grow at a high CAGR. Many industries around the world have been affected by COVID-19. The global economy has been impacted by the rapid implementation of lockdown norms in many countries. This has had a significant impact on the supply chain, production and demand. Stratview Research, a global market research company, offers market reports, market entry strategies and strategic growth consulting. Market experts compile market data to provide users with granular insight on current business trends as well as future prospects. Register here (No cost)