Nanotechnology Now - Press Release: Nanocomposites Market Growth, Industry Outlook To 2020 by Grand View Research, Inc.

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Abstract:
Grand View Research.com has announced the addition of "Global Nanocomposites Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.

Nanocomposites Market Growth, Industry Outlook To 2020 by Grand View Research, Inc.

San Francisco, CA | Posted on March 21st, 2015

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. 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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About Grand View Research, Inc.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Grand View Research, Inc.
United States
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