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Showing posts with the label Nanocomposites Market Share

Nanocomposites Market is Expected to Reach USD 5.91 Billion by 2018

Transparency Market Research has released a new market report titled “ Nanocomposites Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018 ”. According to the report the demand for nanocomposites that was over USD 1.91 billion in 2011 is expected to increase to USD 5.91 billion by 2018, growing at a CAGR of 18.0% from 2012 to 2018. In terms of volume the global market for nanocomposites is expected to grow at a CAGR of 17.5% between 2012 and 2018. Their key role in vehicle safety and weight reduction is the major driving factor for the  nanocomposite market , globally. There is also a marked rise in the application of nanocomposites in building & construction. The above two factors combined with a high volume of consumption in electronics & semiconductors have been driving the market for nanocomposites and increasing product sales. Their high cost in certain end-user industries and applications, however, is expected to be one of th...