Global Nanocomposites Strategic Research Report 2024-2030: Demand for Innovative New Electronic Materials to Power Next Generation Electronics Spurs Strong Opportunities [Yahoo! Finance]
Cabot Corporation (CBT)
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Source: Yahoo! Finance
Global Nanocomposites Market to Reach $26.8 Billion by 2030 The global market for Nanocomposites estimated at US$9.5 Billion in the year 2023, is projected to reach a revised size of US$26.8 Billion by 2030, growing at a CAGR of 15.9% over the analysis period 2023-2030. Recent market activity in nanocomposites sets the stage for a comprehensive market overview and outlook. In 2024, global key competitors share insights into the competitive landscape, categorized by varying market presence levels. Strong demand for reinforced plastics drives interest in nanofiller-reinforced polymer nanocomposites, particularly in efficient and eco-friendly packaging. Nanoclay, one of the segments analyzed in the report, is expected to record a 17.3% CAGR and reach US$10.7 Billion by the end of the analysis period. Growth in the Carbon Nanotubes segment is estimated at 18.6% CAGR for the next 7-year period. Nanocomposites find significant traction in food packaging, notably in beverage packagi
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