Polymer Nanocomposites Market Overview:
Polymer nanocomposites market was valued at $5,276 million in 2015, and is expected to reach $11,549 million by 2022, supported by a CAGR of 10.9% during the forecast period 2016 to 2022. Polymer nanocomposites are multiphase materials that contain dispersion of nano-sized filler materials such as carbon nanotubes, nanoclays, metal oxides, and ceramics among others.
The Global polymer nanocomposite market in this report is segmented on the basis of type, application, and geography. It analyzes the current market trends of polymer nanocomposite-based products in different geographies and suggests the future growth opportunities by analyzing government regulations & policies, thereby further increasing the consumer acceptance in that particular region. The report highlights numerous factors that influence the world polymer nanocomposites market, such as market forecast, drivers, restraints, opportunities, and role of different key players operating in the market. The data represented in the report is in terms of both value and volume.
The growing automotive & packaging industries, superior mechanical & physical properties, and infrastructural growth in emerging economies are the key factors driving the growth of the polymer nanocomposites market. However, environmental & technical barriers and high production cost hamper the growth of this market.
Polymer nanocomposites were first introduced in the market as nylon-6/clay nanocomposites in 1991 for producing timing-belt covers and engine covers. The main driving factor for the use of polymer nanocomposites enabled-parts is their excellent mechanical and physio-chemical properties. These properties offer reduction in weight of vehicle, increased efficiency of engine leading to low fuel consumption, reduction in the emission of CO2, and increased safety and comfort owing to high performance of the vehicle.
Elastomeric nanocomposites are gaining momentum in the automotive industry is because of their applications in the production of low rolling resistance tires, which are lightweight and save fuel.
Top investment Pockets:
The figure below represents the market attractiveness of different geographies. The most lucrative region for investment is North America. North America is expected to be the preferred choice of any new entrant into the Global polymer nanocomposites market due to the rapid adoption of new technology.
Top Winning Strategies:
Product launch and business expansion are the leading strategies adopted by the key players in this market in order to expand their geographic reach and improve their product portfolio in the global market. Expansion covers 25.0% share out of the total number of strategies adopted by the key market players. Product launch, the most preferred strategy, is adopted by the market players in order to increase their product range for the polymer nanocomposites market. The Arkema Group and RTP Company are the leading companies, which have adopted expansion and product launch as their key business strategy.
South Korea and Japan are the two leading nanocomposite manufacturing countries in Asia-Pacific. Japan accounted for around 50% of the polymer nanocomposites alone in the Asia-Pacific region in 2010. Furthermore, China and Singapore are the two fastest growing manufacturers of nanocomposites owing to their investment in the respective domestic markets as well as the support from the national governments.
The leading companies in this market have been proactively working towards their expansion as well as the launch of new polymer nanocomposite products. The major companies profiled in the report include Nanophase Technologies Corporation, The Arkema Group, DuPont, RTP Company, Showa Denko Carbon, Inc., Inframat Corporation, Powdermet, Inc., Nanocor, Inc., Nanocyl S.A., and Evonik Industries AG.
POLYMER NANOCOMPOSITES MARKET KEY BENEFITS:
The report provides a comprehensive analysis of current and future market trends in the polymer nanocomposites market to identify the potential investment pockets.
Current and future trends are outlined in the report to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
The report provides information regarding key drivers, restraints, and opportunities with impact analysis of the polymer nanocomposites market.
The market projections for the period 2014‐2022 have been included along with the impacting factors.
The report also provides quantitative as well as qualitative trends to help the stakeholders in understanding the situations prevailing in the market.
In-depth analysis of the key segments of the market demonstrate the consumption of polymer nanocomposites in different applications across different end user industries.
Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.
POLYMER NANOCOMPOSITES MARKET KEY SEGMENTS:
The Polymer Nanocomposites market segmentation is illustrated below:
- Carbon nanotubes
- Metal oxide
- Electrical &Electronics
- North America