Nanocomposites Market Share

Nanocomposites Market Share Analysis

Two main aspects determine the global nanocomposites market: end-use industry and grid material.

The end-use industry market is divided into packaging, automobile, aviation and protection, clinical, electrical and hardware, and energy. Due to strong demand from electronics, food, and medications, bundling remains popular. The increased attention is due to nanocomposites' better mechanical and physical qualities.

The global nanocomposites market is divided by grid material into polymer network, metal framework, ceramic lattice, and others. Additionally, the polymer grid is divided into polymer/CNT, polyester/TiO2, and thermoplastic/thermoset polymer/layered silicates. The metal network includes Fe-Cr/Al2O3, Ni/Al2O3, Al/CNT, and others. Clay frameworks include Al2O3/SiO2, SiO2/Ni, Al2O3/SiC, and others. The polymer network segment had the most market share in 2018 and is predicted to grow fastest in the forecast period. This trend is driven by the growing need for polymer framework nanocomposites in packaging and automotive.

The global nanocomposites market is segmented by end-use industry and grid material. End-Use Industry includes bundling, auto, aviation and protection, clinical, electrical and hardware, and energy. Electrical devices, food and drink, and medications dominate the bundling market. Nanocomposites' excellent mechanical and physical qualities drive the increased interest.

The grid material market includes polymer network, metal framework, ceramic lattice, and others. The polymer grid also includes polymer/CNT, polyester/TiO2, and thermoplastic/thermoset polymer/layered silicates. The metal grid has Fe-Cr/Al2O3, Ni/Al2O3, Al/CNT, and others. Fired lattices include Al2O3/SiO2, SiO2/Ni, SiC, and others. The polymer grid segment has the most market share in 2018 and is expected to grow fastest over the forecast period. Polymer lattice nanocomposites' growing use in bundling and vehicle manufacturing drives this trend."