Polymer nanocomposites: Key market research findings
- Introduction of bio-based nanocomposites
- Growing usage of clay-based nanocomposites
Technavio has released a new market research report on the global polymer nanocomposites market, which is expected to generate revenues of $3 billion between 2015 and 2019. The use of polymer nanocomposites has gained significant market traction in industries such as automobiles, where mechanical properties, low weight, and the ability to withstand high loads are major factors. APAC accounts for 39% of the overall market share, owing to widespread adoption in industrial sectors such as automotive, packaging, electronics & semiconductor, aerospace, defense, and coatings. The region is witnessing a surge in industrialization and infrastructure development, and it is likely to propel the polymer nanocomposites market in the APAC region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is witnessing the introduction of innovative bio-based nanocomposites, which are based on plant and natural materials like organoclays, and are safe to dispose. These products are gaining prominence for their sustainability and are being used in an increasing number of applications in various industries such as transportation, energy, and construction,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The clay-based nanocomposites segment is the major revenue-contributing segment of the polymer nanocomposite market, occupying 57% of the overall market revenue. The latest trend in this segment is to fill the polymer between individual clay sheets or to disperse the clay sheets into the polymeric matrix. In the future, the use of hybrid materials is expected to provide higher thermal stability and barrier properties, less shrinkage, and improved resistance to solvents, scratches, and fire.
The key players in the global polymer nanocomposites market include BYK-Chemie, Foster, Hybrid Plastics, Industrial Nanotech, Inframat, and InMat. The presence of developing economies, such as China and India poses a key market opportunity for the vendors in this market. Industrialization and infrastructure development have led to an increase in the consumption of polymer nanocomposites for various specialized products. For instance, Bayer has just developed a new grade of plastic films for food packaging, made from nylon-6 exfoliated nanocomposites.
A more detailed analysis is available in the Technavio report, Global Polymer Nanocomposites Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Nanocomposites Market 2014-2018
- Global Aerospace Plastics Market 2014-2018
- Global Nano-enabled Food and Beverage Packaging Market 2014-2018
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