This report provides exclusive insights into the COVID-19 impact on the Nanoclay Reinforcement Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Nanoclay Reinforcement Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Nanoclay Reinforcement Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the 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 the 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
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 the 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.