A recent report published by Infinium Global Research on nanoclay reinforcement market provides an in-depth analysis of segments and sub-segments in the global as well as regional nanoclay reinforcement market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional nanoclay reinforcement market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global nanoclay reinforcement market. According to the report, the global nanoclay reinforcement market is projected to grow at a CAGR of 24.42% over the forecast period of 2019-2025.
The reinforced materials have found application in several end use industries owing to their excellent mechanical properties. Nanoclay or montmorillonite is reinforced with polymers to produce a new material, which has better qualities than the pristine polymer materials. Nanoclay reinforcement market is comparatively new and it is highly fragmented in nature. The key players in the market including BYK Chemie GmbH, Nanophase Technologies Corporation, Minerals Technologies Inc., 3M Company, Ultramet, Inc., and others are focusing on vertical integration of the companies to assure the proper supply of the raw materials. In 2013, BYK Chemie GmbH acquired Southern Clay Products, Inc. to expand its business activities in the nanoclay reinforcement market.
The ease of availability and low manufacturing cost of the reinforced materials are majorly driving the nanoclay reinforcement market. The nanoclay is made up of silicate which is available in abundance, makes it cost-effective to produce nanoclay. Moreover, the superior mechanical properties of nanoclay including toughness, dimensional stability, thermal resistance, chemical resistance, and flexibility are expanding the growth of the nanoclay reinforcement market. Furthermore, the increasing demand for reinforced plastics from various end users including automobiles, aerospace, electronics, and construction is supporting the demand for nanoclay reinforced plastics. However, the high concentration of suppliers is the major restraining factor for the growth of the nanoclay reinforcement market. Nevertheless, the growing R&D activities in the field of nanotechnology is expected to offer lucrative opportunities for the key players in the nanoclay reinforcement market.
In terms of region, North America generated the highest revenue for nanoclay reinforcement, dominating the global market. The largest market share of the North America market attributed to the high demand for nanotechnology and increasing funding from the government for research and development of nanotechnology. While the Asia Pacific region registered the highest growth rate for nanoclay reinforcement market owing to increasing demand for nanocomposites in several end use industries.
The report on global nanoclay reinforcement market covers segments such as application, and end user. On the basis of application, the sub-markets include packaging, coating, and other applications. On the basis of end user, the sub-markets include automotive, construction, electronics, aerospace & defense, and other end users.
The report provides profiles of the companies in the market such as BYK Chemie GmbH, Nanophase Technologies Corporation, Minerals Technologies Inc., 3M Company, Ultramet, Inc., Nanoshel LLC, Elementis Inc, Sika AG, Laviosa Chimica Mineraria Spa, Evonik Industries AG, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of nanoclay reinforcement market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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