Nanocomposites Market Worth $8.5 Billion by 2024 - Exclusive Report by MarketsandMarkets - Seite 2
Asia Pacific is expected to be the largest market for nanocomposites during the forecast period, in terms of volume.
Asia Pacific is one of the leading nanocomposites markets. The growing demand from applications, such as packaging, automotive, and electronics & semiconductor is driving the nanocomposites market in the region. The region has a presence of major nanocomposite manufacturers who focus on the adoption of various business strategies to increase the production of nanocomposites and meet the growing demand from end users. For instance, in 2018, Airbus Beijing Engineering Center and the National Center for Nanoscience and Technology of China launched a new lab focusing on the nanocomposite material.
Some of the prominent players in the Nanocomposites Market are Nanocor Inc. (US), Arkema Inc. (France, Evonik Industries AG (Germany), Showa Denko, K.K. (Japan), and Zyvex Technologies Inc. (US). The strategies undertaken by these players include new product developments and research on new applications.
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