Polymer Nanocomposites Market Expected to Experience Attractive Growth through 2026
April 19, 2022
According to a research report by Stratview Research, the Polymer Nanocomposites Market is likely to witness an impressive CAGR >21% during the forecast period. The major factors such as increasing demand for lightweight vehicles, rise in product demand in the global packaging and automotive industries and growing research and development activities in the field of nanotechnology are expected to accelerate the growth of the market during the forecast period.
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Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments' Analysis
Stratview Research has segmented the Polymer Nanocomposites Market by Polymer Type (Epoxy Resin, Polyamide, Polyethylene, Polypropylene, and Others), by Nanomaterials Type (Nanoclays, Carbon Nanotubes, Nanofibers, Nano-oxides, and Others), by End-User Industry Type (Automotive & Aerospace, Electrical & Electronics, Packaging, Biomedical, Paints & Coatings, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Based on the nanomaterials type, the polymer nanocomposites market is segmented as nanoclays, carbon nanotubes, nanofibers, nano-oxides, and others. Nanoclays held the largest share of the market in 2020, and is anticipated to continue the same during the forecast period owing to its extensive usage in the food & beverages packaging industry as it offers good resistive features over other materials. Further, carbon nanotubes are also projected to hold significant amount of share in the market during the forecast period.
Based on the end-user industry type, the market is segmented as automotive & aerospace, electrical & electronics, packaging, biomedical, paints & coatings, and others. Automotive & aerospace is estimated to account for the largest share of the market during the forecast period owing to increasing usage of product in automotive parts such as connectors & fuel line parts, structural parts, and bumpers. Moreover, biomedical sector also finds various applications for the product including drug delivery, dental application, tissue engineering, bone replacement, etc.
In terms of regions, North America is estimated to account for the largest share of the market owing to its large investments in the field of nanotechnology. Factors, such as growing product demand from the packaging sector and increasing demand for nanomaterials are expected to fuel the regional market growth during the forecast period. Further, Asia-Pacific is anticipated to witness significant growth rate in the market owing to increasing nanomaterial-based product demand in countries such as South Korea and Japan, boosting the regional market growth over the forecast period. Europe is also expected to offer substantial growth opportunities during the forecast period.
The following are the key players in the Polymer Nanocomposites Market -
- Arkema
- Evonik Industries
- Hybrid Plastics, Inc.
- Mineral Technology, Inc.
- Nanocyl SA
- Nanophase Technologies Corporation
- Nylon Corporation of America, Inc.
- RTP Company
- The 3M Company
- Unitika Ltd.
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