Global Nano-Composites Market Size, Share, Opportunities, And Trends By Material Type (Graphene, Nanofiber, Metal Oxide, Carbon Nanotubes, Others), By End-User (Aerospace, Electronics and Semiconductor, Energy, Automotive, Packaging, Others), And By Geography - Forecasts From 2025 To 2030
- Published : Nov 2024
- Report Code : KSI061614042
- Pages : 142
The global nanocomposites market is expected to grow at a CAGR of 8.68%, reaching a market size of US$4633.47 million in 2030 from US$3056.72 million in 2025.
The composition of their dispersed phase and matrix materials allows nanocomposites to be differentiated from one another. Their individual property component’s structure and other such factors influence them greatly. Metal matrix nanocomposites (MMNCs) use a ductile metallic matrix or ductile alloy. These materials benefit from metal properties such as high strength, modulus, and toughness, in addition to ceramic components. For this reason, MMNCs are suitable for fabricating structures that require high resistance to shear or compressive processes at elevated service temperatures.
Moreover, the market will also benefit from increased demand for nanocomposites in hybrid and fuel-efficient electric vehicles. Accordingly, due to the increasing demand for eco-friendly and sustainable cars, the need for nanocomposites in the automotive sector will arise, hence promoting the market's growth.
Global Nano-composites Market Drivers:
- Increased production of electrodes and transparent films is contributing to the global nano-composites market growth
Carbon nanotubes (CNTs) are among the most common composites for producing functional films such as tobacco control products. Currently, tin oxide indium is the element that is used in the production of TCFs. Due to the technological advancements in the manufacturing of CNTs, TCF will soon be obsolete, as better, cheaper, and more efficient CNT frameless transparent films are on the horizon. In addition, these include arc discharge, chemical vapor deposition, and laser vaporization, which are some preferred important and advanced commercial manufacturing processes against the earlier synthesis methods. These are the easier routes to access high-performance CNT. Advanced techniques such as combustion chemical vapor deposition and plasma-enhanced chemical vapor deposition are known to be used extensively for the fabrication of single-walled carbon nanotubes.
In addition, type nanocomposites containing carbon nanotubes have recently earned fame and have led to new applications due to their excellent mechanical, tensile, thermal, chemical, and enhanced burning-resistant characteristics. CNT is also used for specialized tasks, such as shielding against electromagnetic interference or from static on an aircraft’s wings and body. Possible application of strain CNT-based TCF in textiles for lightweight, flexible, and stretchable optoelectronics. Further, the developments made in stabilizing the product, as well as its properties and fabrication, could consequently widen the product candidacies. Moreover, doping with MoOx has also improved the stability and reliability of TCF to a great extent. Thus, charge transfer doping enhances the TCF's thermal stability and electrical performance.
- Growing utilization in the packaging sector is anticipated for the global nanometals market’s expansion.
The increasing demand for packaging in the food and beverage sector has led to the market growth. These items demonstrate resistance against microbes and any other contaminating factors, mechanical properties, thermal properties, and biodegradability in a better way than the existing ones. Adopting intelligent and active food packaging technologies will enable this segment to grow substantially. For instance, to mitigate oxidation ripening of a food product, its packaging system ought to have a low gas transmission rate to prolong the product's shelf life. Noble barrier properties of polymer composite materials inhibit the transfer of moisture, carbon dioxide, oxygen, and even food odor. As a result, food and drink manufacturers have opted for nanocomposite packaging, which has led to an upsurge in the market.
Moreover, the increased population of working women has escalated the need for pre-cooked and ready-to-cook convenience food. According to the International Labor Organization, female labor participation worldwide has risen to almost 49%, and this is expected to increase due to the current ILO efforts.
Global Nano-composites Market Restraints:
- The high cost of production and processing is anticipated to hamper the market growth
Nanocomposites are highly specialized materials that are rapidly becoming a critical aspect of nanotechnology. Typically, these are fabricated by adding nanoparticles into a polymer or any other host material. Other techniques employed in making carbon nanotubes include bringing in nanoparticles through chemical vapor deposition, laser ablation, arc discharge, and others where the nanoparticles are brought in and then suspending the particles within the matrix grains. The systems and devices that are used are highly costly and require adequate servicing. To ensure quality and production targets, the facilities further go through scheduled servicing. This raises production and processing costs, and not every company, particularly start-ups, can afford it. Despite this, improvements in production processes and fungible technology will benefit the market during the period under consideration.
Global Nano-composites Market Geographical Outlook
- Asia Pacific is witnessing exponential growth during the forecast period.
The demand for the product in various end-use sectors is adding to the number of local producers in Southeast Asia. Therefore, the regional market is likely to benefit and continue leading due to the increasing use of electronics and semiconductors in the automotive, food and beverage, packaging, and pharmaceutical industries.
Moreover, carbon nanotubes find applications in a myriad of transistors, sensors, integrated circuits, atomic force microscopy probes, and many other electronic devices. Consequently, there will be an increase in the demand for these products in the markets of China, Japan, South Korea, and India. The regional market is anticipated to be driven by these countries' rapidly expanding electronic manufacturing sectors due to the high consumer demand for electronic devices within the sector.
Global Nano-composites Market Key Launches:
- In May 2024, during the Aircraft Interiors Expo (AIX) 2024 in Hamburg, Germany, DuPont Tedlar showcased its array of solutions for safe, easy-to-clean, long-lasting, and customizable aircraft interiors. The business worked together with other DuPont companies.
- In May 2024, through EVOLVE Sustainable Solutions, Cabot Corporation introduced the REPLASBLAK universal circular black masterbatches made from certified sustainable materials. The product allowed Cabot to satisfy the increasing demand for large-scale certified circular products while upholding its reputation for providing the plastics industry with dependable, high-performance, and high-quality solutions.
The Global nano-composites market is segmented and analyzed as follows:
- By Material Type
- By End-User
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Others
- North America
Frequently Asked Questions (FAQs)
Nano-Composites Market was valued at US$1916.727 million in 2020.
The global nano-composites market is projected to reach a total market size of US$3512.716 million by 2027.
The nano-composites market is projected to grow at a CAGR of 9.04% during the forecast period.
The nano-composites market is expected to be driven by the increasing use of nanocomposite industries such as packaging, aerospace, automotive, electronics, energy, and others.
Asia Pacific Region is expected to have a major share of the nano-composites market owing to the presence of a large manufacturing sector for food packaging, automotive, energy, and other applications.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. GLOBAL NANOCOMPOSITES MARKET BY MATERIAL TYPE
5.1. Introduction
5.2. Graphene
5.3. Nanofiber
5.4. Metal Oxide
5.5. Carbon Nanotubes
5.6. Others
6. GLOBAL NANO-COMPOSITES MARKET BY END-USER
6.1. Introduction
6.2. Aerospace
6.3. Electronics and Semiconductor
6.4. Energy
6.5. Automotive
6.6. Packaging
6.7. Others
7. GLOBAL NANO-COMPOSITES MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. By Material Type
7.2.2. By End-User
7.2.3. By Country
7.2.3.1. USA
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. By Material Type
7.3.2. By End-User
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. By Material Type
7.4.2. By End-User
7.4.3. By Country
7.4.3.1. United Kingdom
7.4.3.2. Germany
7.4.3.3. France
7.4.3.4. Italy
7.4.3.5. Spain
7.4.3.6. Others
7.5. Middle East and Africa
7.5.1. By Material Type
7.5.2. By End-User
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. UAE
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. By Material Type
7.6.2. By End-User
7.6.3. By Country
7.6.3.1. China
7.6.3.2. Japan
7.6.3.3. India
7.6.3.4. South Korea
7.6.3.5. Indonesia
7.6.3.6. Taiwan
7.6.3.7. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Zyvex Technologies
9.2. Powdermet Inc
9.3. Nanocor Inc.
9.4. Arkema Inc.
9.5. Nanocyl SA
9.6. Nanova Biomaterials
9.7. Nanospan
9.8. Nano Composix
9.9. AD Nano Technologies
9.10. 3M
9.11. Asahi Kasei
Zyvex Technologies
Powdermet Inc
Nanocor Inc.
Arkema Inc.
Nanocyl SA
Nanova Biomaterials
Nanospan
Nano Composix
AD Nano Technologies
3M
Asahi Kasei
Related Reports
Report Name | Published Month | Download Sample |
---|---|---|
Advanced Composites Market Insights: Size, Growth, Forecast 2030 | Nov 2024 | |
Wood Plastic Composite Market Insights: Trends, Forecast 2030 | Nov 2024 | |
Fiber Reinforced Polymer (FRP) Composites Market Size: 2023-2028 | Jun 2023 | |
Global Polymer Composites Market: Size, Share, Trends, Forecast 2030 | Nov 2024 |