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The global nano-composites market is was evaluated at US$1,916.727 million in 2020. The market is expected to be driven by the increasing use of nanocomposites industries such as packaging, aerospace, automotive, electronics, energy, and others. The major advantage of nanocomposites is that exhibit better mechanical properties, enhanced optical properties, high ductility without the loss of strength, and has a high surface & volume ratio.
Increasing Demand in Aircraft and Aerospace Industry
The market is expected to be driven by the use of nanocomposites in aircraft manufacturing and construction. The advantage of nanocomposites is in their nature as they combine both the optimization of existing materials and the creation of novel materials. The increasing air passenger traffic is playing a major role in the surging number in the production of aircraft, worldwide. According to the World Bank, the number of