Glass fibers and metal fibers are also in huge demand and are expected to be major markets in the coming years. Other nanofibers, platelets, carbon nanotubes and graphene are also expected to show healthy growth over the forecast period.
Albany, NY -- (SBWIRE) -- 07/15/2016 -- Increased importance for vehicle safety and weight reduction has been the major driving factor for the nanocomposite market globally. A significant increase in the application of nanocomposites in building & construction has also been one of the major factors contributing to growth of the nanocomposites market. Combined with a high volume of consumption in electronics & semiconductors, the market for nanocomposites has been showing increased product sales in the past few years. High cost of certain products that are necessary in certain end-user industries has been one of the factors holding back the market for nanocomposites.
This report segments the nanocomposites market based on product segment, end-users and regions and provides forecasts and estimates for each sub-segment. The report also presents supply and demand characteristics of nanocomposites and applications by providing a detailed forecast from 2012 to 2018 along with revenues and volumes analysis. It also provides opportunities for the nanocomposites market for the near future along with the latest trends anddriving and restraining factors influencing the market.
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Based on the product segments, the nanocomposites market can be categorized into different segments such as carbon nanotube nanocomposites, polymer metal fiber composites, nanofiber nanocomposites, graphene nanocomposites, nanoplatelet (nanoclay and expanded graphite) nanocomposites and other nanocomposites. Graphene and carbon nanotubes are expected to show the best growth numbers within the nanocomposites market during the forecast period.
The major end-user segments in the nanocomposites market are automotives, aviation, electronics and semiconductors, energy, building & construction, medical and healthcare, plastics & packaging, military and defense, consumer goods, environment and water and others. Of these, electronics & semiconductors are expected to show the highest growth in the near future.
North America, Europe, Asia Pacific and Rest of the World (RoW) are the key regions covered in this report. Each of the above mentioned regions are further segmented based on product segment and end-users of nanocomposite products and thorough analysis of each segment in terms of volume and revenue in 2012 and forecast until 2018 has been included into the report. The detailed analysis of market landscape of companies such as Cyclics Corp., Inframat Corp., Powdermet Inc., Zyvex Technologies and some other major manufacturers of nanocomposites have been included in this report.
Inflation is not a part of pricing in this report. Prices of nanocomposites and its copolymers vary in each region; hence, a similar volume to revenue ratio does not follow for each individual region. The same price for each application has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by application segment in each region. We use models and estimates in order to produce comprehensive data sets when there is no hard data available. We have used the bottom up approach to arrive at the global market considering individual application segments and integrating them to arrive at the global market. The applications have been further bifurcated using top down approach to derive the regional product market consumption.
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For the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players' product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants' insights and recognizing business opportunities.
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