Polymer nanocomposites market to grow at a CAGR of over 20% uptil 2020

摘要

THE polymer nanocomposites market size in terms of value is projected to grow at a CAGR of 21-23% between 2015 and 2020 to reach US$5100 mln by 2020, as per ReportLinker. Asia-Pacific held the largest share in nanocomposites market in 2014. Major growth in the Asia-Pacific region is expected from the growing packaging, automotive and electronics & semiconductor application. The polymer nanocomposites market in Asia-Pacific region is growing fast as the application industries such as packaging, automotive, electronics & semiconductor, aerospace & defense and coatings are expected to register a significant growth rate in next five years. Presence of emerging economies such as India and China are helping the nanocomposites market to grow in the region. The growing packaging, automotive, and electronics and semiconductor in these emerging countries helped the nanocomposites market to grow at a higher rate.