Global Polymer Nanocomposites Market : Future Demand, Market Analysis & Outlook to 2025
The report on Polymer Nanocomposites Market by Infinium Global Research analyzes the polymer nanocomposites market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global polymer nanocomposites market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global Polymer Nanocomposites market. According to the report, the global polymer nanocomposites market is projected to grow at a CAGR of 7.52% over the forecast period of 2019-2025.
Polymer Nanocomposites Market: Industry Insight
The polymer nanocomposites materials display better mechanical properties than their polymer counterparts. The growing demand from various end-use industries for polymer nanocomposites due to their superior physical properties is driving the market. The polymer nanocomposites market is highly competitive in terms of pricing and the operating rate for manufacturers. The key players in the market including Arkema Group, Nanophase Technologies Corporation, Inframat Corporation, Nanocor Inc., and others are focusing on vertical integration and product development.
The enhanced physical, electrical and chemical properties of polymer nanocomposites compared to traditional composites is the major driving factor for the growth of the polymer nanocomposites market. Moreover, the rising demand from packaging and automotive industry for is expected to boost the growth of the polymer nanocomposites market. Furthermore, the gradual shift from heavy metals to lightweight composites for component manufacturing is supporting the demand for polymer nanocomposites. However, the high processing costs of the production is the major restraining factor for the growth of the polymer nanocomposites market. Nevertheless, the increasing research and development activities in the field of nanomaterials is expected to offer lucrative opportunities for the key players in the polymer nanocomposites market.
Polymer Nanocomposites Market: Segmentation
The polymer nanocomposites market is segmented based on polymer type, nanomaterials, and end-use. The polymer types of polymer nanocomposites are classified into epoxy resin, polyamide, polyethylene, polypropylene, and other polymer types. The polyamide segment held the largest market share among the polymer types owing to its better physical properties and low production cost. Based on nanomaterials the polymer nanocomposites market is segmented into nanoclays, carbon nanotube, nanofiber, metal oxide, and other nanomaterials. The nanoclays segment accounted for the largest part of the market share owing to their extensive application in the packaging industry due to their good barrier properties than other materials. The end-uses for the polymer nanocomposites are categorized into automotive, packaging, aerospace and defense, electronics, energy, and other end-uses. The automotive segment among the end-uses dominated the market owing to the extensive use of polymer nanocomposites in manufacturing of automotive components including power train, suspension and braking systems, exhaust systems and catalytic converters, lubrication, tires, and body parts.
Regionally, North America held the highest market share, dominating the global Polymer Nanocomposites market. The dominance of the North America market attributed to the growing demand for nanomaterials, huge spending on research and development, and increasing product demand from the packaging sector. While the Asia Pacific region registered the highest growth rate for polymer nanocomposites market owing to the growing nanomaterial-based product demand and significant investment for the development of nanomaterials.
Browse Complete Global Report and Detailed TOC: https://www.infiniumglobalresearch.com/chemical-material/global-polymer-nanocomposites-market
Comments
Post a Comment