A recent report published by Infinium Global Research on polymer
nanocomposites market provides in-depth analysis of segments and sub-segments
in the global as well as regional polymer nanocomposites market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional polymer nanocomposites 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 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.
The composition materials or composite materials have found their
application in numerous end-use industries including automobile, aerospace,
electronics, and defense. The polymer nanocomposite materials exhibit excellent
physical and chemical properties such as stiffness, strength, and lightweight
than their polymer counterparts. The growing demand from various end-use
industries for polymer nanocomposites due to their superior physical properties
are 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 superior physical, electrical and chemical properties offered
by 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. The polymer
nanocomposites have better chemical resistance, electrical conductivity,
surface appearance, thermal stability and heat distortion temperature, which is
favorable for both automotive and packaging industry. Furthermore, the gradual
shift from heavy metals to lightweight composites for component manufacturing
is supporting the demand for polymer nanocomposites. The lightweight components
for automotive and aerospace industries assure high performance of vehicles and
aircraft. However, the high processing costs of the production is the major
restraining factor for the growth of the polymer nanocomposites market.
Nevertheless, 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.
In terms of region, 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.
The report on global polymer nanocomposites market covers segments
such as polymer, nanomaterials, and end-user. On the basis of polymer, the
sub-markets include epoxy resin, polyamide, polyethylene, polypropylene, and
other polymers. On the basis of nanomaterials, the sub-markets include
nanoclays, carbon nanotube, nanofiber, metal oxide, and other nanomaterials. On
the basis of end-user, the sub-markets include automotive, packaging, aerospace
and defense, electronics, energy, and other end-users.
The report provides profiles of the companies in the market such
as Arkema Group, Nanophase Technologies Corporation, Inframat Corporation,
Nanocor Inc., Industrial Nanotech, Inc., Nanocyl S.A., Evonik Industries AG,
Unitika Ltd, Nylon Corporation of America, Nanoshel LLC, 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 polymer
nanocomposites 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.