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.
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