Market Dynamics
Introduction
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.
Segment Analysis
Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Polymer Type Analysis
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Epoxy Resin, Polyamide, Polyethylene, Polypropylene, and Others
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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
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Nanoclays, Carbon Nanotubes, Nanofibers, Nano-oxides, and Others
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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
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Automotive & Aerospace, Electrical & Electronics, Packaging, Biomedical, Paints & Coatings, and Others
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Automotive & aerospace is estimated to account for the largest share of the market during the forecast.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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North America is estimated to account for the largest share of the market during the forecast period.
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By Polymer Type
"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 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
"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 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
"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 application, tissue engineering, bone replacement, etc.
Regional Analysis
"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 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.
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 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:
- 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, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Market Segmentation
This report studies the market covering 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)
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.