PUNE, India, February 22, 2023 (GLOBE NEWSWIRE) — The global Size of the market for nanocomposites was US$4.32 billion in 2019 and is expected to reach US$14.34 billion by 2027 CAGR of 16.3% during the forecast period. The booming food and beverage industry is expected to create lucrative opportunities for the market during the forecast period, according to a report titled by Fortune Business Insights “Nanocomposites Market Size, Share, Growth and Regional Forecast, 2020-2027.”
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The report lists the top companies operating in the Nanocomposites market:
- Arkema SA (France)
- Evonik Industries AG (Germany)
- Showa Denko KK (Japan)
- Cabot Corporation (USA)
- Zyvex Technologies Inc. (USA)
- Nanocyl SA (Belgium)
- RTP Company (US)
- Nanophase Technologies Corporation (USA)
- Nanocor Inc. (USA)
- Dupont (USA)
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2020-2027 |
| Forecast CAGR | 16.3% |
| Value prognosis 2027 | $14.34 billion |
| base year | 2021 |
| Market size of nanocomposites in 2019 | $4.32 billion |
| Historical data | 2016-2018 |
| number of pages | 90 |
| Covered Segments | By type, end user, and regional insights |
| Growth drivers of the nanocomposite industry | Packaging applications account for the largest share of the nanocomposite market |
| The demand for innovative packaging materials is increasing to meet the need for higher quality food with safety, sustainability and convenience |
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market drivers:
flourishing packaging industry Support business development
The nanocomposite market is driven by several factors, including the growing demand for lightweight and high-strength materials that can offer enhanced mechanical, electrical, and thermal properties. Here are some of the key drivers of the Nanocomposites market:
- Increasing demand from end user industries: The nanocomposite market is driven by…
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