The major growth driver identified in the nanocomposites market is growing demand for these materials in industries including semiconductor and electronics, power generation, and manufacturing. In semiconductor foundries, these materials are used for developing components, substrates, and structures.
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Growth of the nanocomposites market is hindered by factors such as its complex manufacturing process, high cost, and high level technical of skill requirement for handling applications of nano level composites.
On the basis of structure, the nanocomposites market has been segmented into ceramic-matrix, metal-matrix, and polymer-matrix. In ceramic-matrix structure, both components, the ceramic one and the metallic one is finely dispersed into each other. Such level of dispersion results in incorporation of nanoscopic properties in the material.
Growing penetration on these materials in semiconductor foundry sector in the Asia-Pacific is identified as major growth opportunity for the nanocomposites market. In China and Taiwan, semiconductor foundry sector experienced significant amount of growth in recent years.
Most of the producers of nanocomposites are located in North America and many of the applications of these materials have already been commercialized in this region. In the countries from Asia-Pacific commercialization of nanoscale composites are still its initial phase.
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Some of the major players operating in the global nanocomposites market are NanoMaterials Technology Pte Ltd, Advanced Graphene Products Sp. z o. o,, Applied Graphene Materials plc, BYK Additives & Instruments, Foster Corporation, Hybrid Plastics Inc., Inframat Corporation, InMat Inc., and Nanocor Inc.
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