Polymer Nanocomposites Market, By Fiber Type (Carbon Nanotube, Metal Oxide, Nanofiber, Nanoclay, Oth

Published Date: June 2019 | Report Code : MT2059126

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The Global Polymer Nanocomposites Market is expected to grow from USD 10.04 billion in 2019, to reach USD 69.00 billion, growing at a CAGR of 23.9% during the forecast period. Growing applications in electronics especially in the semiconductor applications is expected to propel the polymer nanocomposites market during the forecast period.

Polymer Nanocomposites Market

Polymer Nanocomposites Market

Nanofillers dispersion in polymer matrices is considered to improve the material's physical, mechanical, and barrier characteristics. These enhanced properties make them more beneficial for use among many others in industrial sectors such as construction, packaging, electrical & electronics.

The automotive industry is poised to become the principal end-user of polymer nanocomposites.  In both indoor and outdoor applications, polymer nanocomposites are used. These nanocomposites are broadly used in the automotive industry due to their high strain carrying capacity considering their lower weight.

Polymer Nanocomposites Market

Polymer Nanocomposites Market

Their use in fuel systems is one of the crucial applications of polymer nanocomposites in the automotive industry. Their nano-size makes the texture soft and helps to retain any harm to corrosion and other barriers. The fuel lines are shielded against sour gas, which preserves the characteristics of the base resin. Additionally, these products assist to prevent harmful static electricity from building up and discharging petrol stations. Polymer nanocomposites are also used in the imparting of electrostatic conductivity for automotive exterior plastic parts, such as door handles, mirror housing, fender, etc. Other applications include exchanging membrane switches with thermoformable, printable, capacitive touch sensors in automotive interiors and enhancing other heat and mechanical properties.  Hence, such investments indicate the wait for development and production of new vehicles in the polymer nanocomposites market, which is further expected to drive the demand for polymer nanocomposites market in the coming years. With the region's automakers investing heavily in vehicle innovation and growth, especially lightweight and environmentally-friendly electric vehicles, automotive manufacturing is expected to rise in the coming years.

Due to extensive adoption in production and automotive industries in nations such as India and China, Asia-Pacific accounted for the biggest percentage in the global polymer nanocomposite industry. Between 2016 and 2033, the aviation sector in China is said to be introducing around 6,000 new aircraft. The largest incremental increase in China's national aerial transport industry was in excess of the number of traveler trips in 2018 relative to 2017. The increase in passenger numbers encourages the government to invest more in-flight production, which in turn increases polymer nanocomposites consumption. Industries such as packaging, electronics & semiconductors, aviation, defense, and coatings are constantly discovering new applications that will further ignite the development of the Asia-Pacific polymer nanocomposites market. The Middle East is still underdeveloped with regard to the polymer nanocomposites market.

Key Factors Impacting the Growth of Polymer NanocompositesMarket:

  • Increasing demand in the electronics industry especially in the semiconductor technology segment.
  • Increasing demand in automotive electronic technologies owing to reducing the size of components.
  • The high cost of technology.

Key Developments in the Polymer NanocompositesMarket:

  • In 2012, Arkema announced the acquisition of both Cray Valley and Cook Composites and Polymers.
  • In 2016, DuPont introduced a family of thermoplastic nanocomposites that promise to open new opportunities for the design and production of plastic parts delivering higher performance, lighter weight, and increased molding productivity.
  • In 2019, Evonik acquired Structured Polymers Inc., a US-based technology startup for 3D printing polymer nanocomposites headquartered in Austin, Texas. The acquisition will provide Evonik access to a new patented technology that will allow the company to expand its portfolio of specialty polymer nanocomposites in the additive manufacturing market.

Polymer Nanocomposites Market

Polymer Nanocomposites Market

What Does This Report Provide?

This report provides a detailed understanding of the global polymer nanocomposites market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the polymer nanocomposites market.

Market Segmentation:

By Fiber Type:

  • Carbon Nanotube
  • Metal Oxide
  • Nanofiber
  • Nanoclay
  • Others

By End User:

  • Automotive
  • Packaging
  • Aerospace and Defense
  • Electronics
  • Energy
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Fiber Type
    • By End-User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Fiber Type
    • By End-User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Fiber Type
    • By End-User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Fiber Type
    • By End-User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Fiber Type
    • By End-User
  • Rest of the World
    • By Region (South America, Africa)
    • By Fiber Type
    • By End-User

Companies Covered: Major Companies profiled in the report which are key players in the global polymer nanocomposites market are 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.

Reasons to Buy This Report:

  • Market size estimation of the global polymer nanocomposites market on a regional and global basis.
  • The unique research design for market size estimation and forecast.
  • Profiling of major companies operating in polymer nanocomposites market with key developments.
  • Broad scope to cover all the possible segments helping every stakeholder in the polymer nanocomposites market.

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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