Stratview Research has published a new report titled “Polymer Nanocomposites Market” which is segmented 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).
As per the study, 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.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the polymer type, the polymer nanocomposites market is segmented as epoxy resin, polyamide, polyethylene, polypropylene, and others. Epoxy resin-based nanocomposites are estimated to witness significant growth rate in the market owing to their utilization in electrical & electronics sector for various applications including ESD coatings, resistive inks, conductive primers, etc. On the other hand, polyamide is anticipated to hold the largest share of the market and continue being the dominant segment during the forecast period.
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.
Which Region is expected to remain the largest market?
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.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Polymer Nanocomposites Market:
· 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.
Key questions answered by the report
- What is the projected CAGR for revenue from the Polymer Nanocomposites Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Polymer Nanocomposites Market?
- Which are the major market players?
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