Nanocomposites Market Forecast Report To 2020: Grand View Research, Inc.
Automotive industry is a major application of nanocomposites on account of reduction in overall vehicle weight resulting in reduced carbon emissions.
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Published on: Mar 3, 2016
Transcripts - Nanocomposites Market Forecast Report To 2020: Grand View Research, Inc.
Nanocomposites Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2014 To 2020
Global nanocomposites market is expected to grow due to growth in end use
industries including aviation, energy, military, electronics and food. Automotive
industry is a major application of nanocomposites on account of reduction in
overall vehicle weight resulting in reduced carbon emissions. Further, stringent
government regulations concerning enhanced fuel efficiency and reduced vehicle
emissions are expected to augment nanocomposites market over the forecast
period. Growing consumer awareness regarding automotive safety and improved
vehicle efficiency is expected to fuel the market growth.
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In addition, wide acceptance in electronic & semiconductor industry owing to
superior characteristics including compact nature and lightweight are expected to
positively impact the nanocomposites market over the forecast period. However,
high processing cost required for nanocomposites production is expected to pose a
major challenge for market growth.
Asia Pacific is expected to be a key regional market owing to rapid
industrialization and infrastructure development. Western Europe and North
America are anticipated to witness growth over the forecast period on account of
growing construction and automobile manufacturing industries.
DuPont, a chemical company, is engaged in thermoplastic nanocomposite
production for use in industrial, electrical, electronic and automotive applications
with increased molding, lighter weight and higher performance characteristics.
Arkema, a specialty chemicals and performance materials manufacturer
collaborated with Fulcrum SP Materials for the development of high performance
composites with superior damage resistance properties for use in aeronautics and
industrial applications in 2009. Zyvex Technologies, established in 2005, has
developed second generation nanocomposites which improve durability of carbon
fiber products to over 200%.
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