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The global nanocomposites market size is projected to reach USD 14.34 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of market growth. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Nanocomposites Market Size, Share & Industry Analysis, By Type (Polymer, Metal, Ceramic, Others), By Product (Carbon Nanotubes, Nanoclay, Graphene, Nanofiber, Others), By Application (Packaging, Electrical & Electronics, Automotive, Aerospace & Defense, Others), and Geography Forecast, 2020-2027” the market was worth USD 4.32 billion and will exhibit a CAGR of 16.3% during the forecast period, 2020-2027.

Nanocomposites Market Size & Share | Global Industry Report, 2027
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Nanocomposites Market Size & Share | Global Industry Report, 2027

The global nanocomposites market size was USD 4.32 Bn in 2019 and is projected to reach USD 14.34 Bn by 2027, exhibiting a CAGR of 16.3% during the forecast period.