Polymer Nanocomposites Market Report

Market Insights

Polymer Nanocomposites Market is likely to grow from USD 8.87 billion in 2021 to USD 29.43 billion by 2028 at an impressive CAGR of 18.46% during the forecast period of 2022-2028.

What are polymer nanocomposites?

Polymer Nanocomposites basically consist of a polymer or copolymer which 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 1-50 nm range and are widely utilized in various end-user industries such as automotive & aerospace, electrical & electronics, biomedical, packaging, paints & coatings, and others.

Market Drivers

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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Segments' Analysis

By Polymer Type

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 significant growth rate in the market owing to their utilization in 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.

By Nanomaterials Type

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 is anticipated to continue the same during the forecast period owing to its extensive usage in the food & beverages packaging industry as it offers good resistive features over other materials. Further, carbon nanotubes are also projected to hold significant amount of share in the market during the forecast period.

By End-User Industry Type

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 application, tissue engineering, bone replacement, etc.

By Region

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 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.

Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. 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:

• Epoxy Resin
• Polyamide
• Polyethylene
• Polypropylene
• Others

By Nanomaterials Type:

• Nanoclays
• Carbon Nanotubes
• Nanofibers
• Nano-oxides
• Others

By End-User Industry Type:

• Automotive & Aerospace
• Electrical & Electronics
• Packaging
• Biomedical
• Paints & Coatings
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major players in the polymer nanocomposites market are-

• Arkema
• Evonik Industries
• Hybrid Plastics, Inc.
• Mineral Technology, Inc.
• Nanocyl SA
• Nanophase Technologies Corporation
• Nylon Corporation of America, Inc.
• RTP Company
• The 3M Company
• Unitika Ltd.

Research Methodology

This report offers high-quality insights and is the outcome of 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 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

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 the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the polymers types by end-user industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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 at sales@stratviewresearch.com.