Polymer Nanocomposites Market is anticipated to reach a value CAGR of 15.95% over 2019-2028. According to a study published by Insure Insights on the Polymer Nanocomposites Market, Polymer Nanocomposites is also known as (PNC). Polymer Nanocomposites contain of a polymer or copolymer; it has nanoparticles or nanofillers dispersed in the polymer matrix. They are significant as they create a new type of hybrid material of polymer that has unique electrical and thermal properties. Polymer Nanocomposites consist of properties like strength, weight reduction, and toughness; these properties are enhancing the demand of the market.
Top Driver: The enhanced properties of Polymer Nanocomposites as compare with Polymers are driving the market
Polymer nanocomposites exhibit properties like electrical conductivity, surface appearance, chemical resistance, thermal stability, and heat distortion temperature and thus have increased the demand of the market. The rise in the demand for polymer nanoparticle in the packaging, automotive, aerospace & defense, electronics & semiconductor, energy, construction has further boosted the market growth. The extensive use of polymer nanocomposites in the automotive industry as it is used in tyres, engine cover, trimming belt cover, inverter cover and many others have further escalated the market growth
Nano clays in the Type Segment have obtained the highest growth in the Global Polymer Nanocomposites Market
Based on the Type Segment, Home Nanoclays has held the highest growth in the market; this is basically due to the increase in demand of Nanoclays in the food & beverage for the packaging industry as they have better of barrier properties than other materials. Nanoclays are also widely being used in the ink formulation: as it helps in adjusting the consistency of printing inks to the desired value, avoids pigment sedimentation, provides good color distribution and provides desired film thickness.
In terms of the Application segment, Automotive & aerospace have dominated the market growth, The Rise in the usage of automotive parts like connectors & fuel line parts, bumpers, structural parts, are thus is likely to boost the market further. Based on the Fibre type, Thermoplastics have obtained the most significant growth as they have high flexural strength, and is relatively inexpensive for mass production.
North America would rule the regional market due to the nanotechnology in the region
North America has witnessed a high demand in nanotechnology, there has been a significant rise in the disposable income among the customers, and the Growing demand for nanomaterials have boosted the regional growth of the market. The presence of major key players has further driven the market growth of the region. The rise in the new developments in the polymer nanocomposites, bio-raw material developments, rising industrial applications, upcoming technological advancements, and innovative techniques developed in polymer nanocomposites have further driven the market growth. The rise in Automobile manufacturing in the region has expanded the market of the region.
Mergers, Acquisitions, Partnerships are the key strategies of the Competitors.
The Global Polymer Nanocomposites Market is expected to rise from 2019-2028. The Global Polymer Nanocomposites Market is fragmented. The players focus Mergers, Acquisitions, Partnerships for the overall growth.3D System, Foster Corporation, Industrial Nanotech, Hybrid Plastics Inc., Inframat Corporation, InMat Inc., Nanocor Incorporated, Crown Plastics Co., Inc., , Noble Polymers LLC, s and. Arkema is the key players in the market.
3D System: 3D System is one of the key competitors in the Polymer Nanocomposites market. In January 2017, 3D Systems had the acquisition of dental material company VERTEX-GLOBAL Holding B.V. This acquisition was made by 3D System to expand its product portfolio.
Arkema: Arkema is one of the major competitors of the Global Polymer Nanocomposites Market. For instance, In July 2019, Arkema had announced that it had completed the acquisition of ArrMaz; they are a global leader in specialty surfactants used in crop nutrition, mining, and infrastructure markets. This acquisition was made by Arkema to accelerate its growth in the specialty surfactant market.
Scope of the Report
By Fibre Type
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