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Polymer Nanocomposites Market Analysis | 2022-2028
Polymer Nanocomposites Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2022-2028
The polymer nanocomposites market was estimated at USD 8.87 billion in 2021 and is likely to grow at a CAGR of 18.46% during 2022-2028 to reach USD 29.43 billion in 2028.
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Polymer Nanocomposites basically consist of a polymer or copolymer that has nanoparticles dispersed in the polymer matrix that enhances the features of synthetic plastics. These products may be of different shapes, but at least one dimension should be in the 1-50 nm range, and they are widely utilized in various end-user industries such as automotive & aerospace, electrical & electronics, biomedical, packaging, paints & coatings, and others.
The major factors, such as increasing demand for lightweight vehicles, a rise in product demand in the global packaging and automotive industries, and growing research and development activities in the field of nanotechnology, are expected to accelerate the growth of the market during the forecast period.
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The following are the key players in the polymer nanocomposites market:
Note: The above list does not necessarily include all the top players in the market.
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Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
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Polymer Type Analysis |
Epoxy Resin, Polyamide, Polyethylene, Polypropylene, and Others |
Epoxy resin-based nanocomposites are estimated to witness significant growth rate in the market during the forecast period. |
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Nanomaterials Type Analysis |
Nanoclays, Carbon Nanotubes, Nanofibers, Nano-oxides, and Others |
Nanoclays held the largest share of the market in 2021 and is anticipated to continue the same during the forecast. |
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End-User Industry Type Analysis |
Automotive & Aerospace, Electrical & Electronics, Packaging, Biomedical, Paints & Coatings, and Others |
Automotive & Aerospace is estimated to account for the largest share of the market during the forecast. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
North America is estimated to account for the largest share of the market during the forecast period. |
"Epoxy resin-based nanocomposites are estimated to witness significant growth rate in the market during the forecast period."
Based on the polymer type, the polymer nanocomposites market is segmented as epoxy resin, polyamide, polyethylene, polypropylene, and others. Epoxy resin-based nanocomposites are estimated to witness a significant growth rate in the market owing to their utilization in the electrical & electronics sector for various applications, including ESD coatings, resistive inks, conductive primers, etc. On the other hand, polyamide is anticipated to hold the largest share of the market and continue being the dominant segment during the forecast period.
"Nanoclays held the largest share of the market in 2021 and is anticipated to continue the same during the forecast."
Based on the nanomaterials type, the polymer nanocomposites market is segmented as nanoclays, carbon nanotubes, nanofibers, nano-oxides, and others. Nanoclays held the largest share of the market in 2021 and are anticipated to continue the same during the forecast period owing to their extensive usage in the food & beverage packaging industry, as they offer good resistive features over other materials. Further, carbon nanotubes are also projected to hold a significant amount of share in the market during the forecast period.
"Automotive & aerospace is estimated to account for the largest share of the market during the forecast."
Based on the end-user industry type, the market is segmented as automotive & aerospace, electrical & electronics, packaging, biomedical, paints & coatings, and others. Automotive & aerospace is estimated to account for the largest share of the market during the forecast period owing to increasing usage of product in automotive parts such as connectors & fuel line parts, structural parts, and bumpers. Moreover, biomedical sector also finds various applications for the product including drug delivery, dental applications, tissue engineering, bone replacement, etc.
"North America is estimated to account for the largest share of the market during the forecast period."
In terms of regions, North America is estimated to account for the largest share of the market owing to its large investments in the field of nanotechnology. Factors, such as growing product demand from the packaging sector and increasing demand for nanomaterials, are expected to fuel the regional market growth during the forecast period. Further, Asia-Pacific is anticipated to witness a significant growth rate in the market owing to increasing nanomaterial-based product demand in countries such as South Korea and Japan, boosting the regional market growth over the forecast period. Europe is also expected to offer substantial growth opportunities during the forecast period.
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s polymer nanocomposites market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our polymer nanocomposites market report from the industry stakeholders, we have tried to further accentuate our research scope to the polymer nanocomposites market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The polymer nanocomposites market is segmented into the following categories.
By Polymer Type
By Nanomaterials Type
By End-User Industry Type
By Region
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With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
Polymer nanocomposites basically consist of a polymer or copolymer that has nanoparticles dispersed in the polymer matrix that enhance the features of synthetic plastics. These products may be of different shapes, but at least one dimension should be in 1-50 nm range, and they are widely utilized in various end-user industries such as automotive & aerospace, electrical & electronics, biomedical, packaging, paints & coatings, and others.
The polymer nanocomposites market was estimated at USD 8.87 billion in 2021.
The polymer nanocomposites market is likely to reach USD 29.43 billion in 2028.
The polymer nanocomposites market is likely to grow at a CAGR of 18.46% during 2022-2028.
Epoxy resin-based nanocomposites are expected to witness a significant growth rate in the polymer nanocomposites market during the next five years.
Arkema, Evonik Industries, Hybrid Plastics, Inc., Mineral Technology, Inc., Nanocyl SA, Nanophase Technologies Corporation, Nylon Corporation of America, Inc., RTP Company, The 3M Company, and Unitika Ltd are among the key players in the market
North America is expected to account for the largest share of the market during the next five years.
The major factors, such as increasing demand for lightweight vehicles, rise in product demand in the global packaging and automotive industries, and growing research and development activities in the field of nanotechnology, are expected to accelerate the growth of the market during the forecast period.
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