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Polymer Nanocomposites Market | Covid-19 Impact Analysis
The Polymer Nanocomposites Market is Segmented by Polymer Type (Epoxy Resin, Polyamide, Polyethylene, Polypropylene, and Others), by Nanomaterials Type (Nanoclays, Carbon Nanotubes, Nanofibers, Nano-oxides, and Others), by End-User Industry Type (Automotive & Aerospace, Electrical & Electronics, Packaging, Biomedical, Paints & Coatings, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Polymer Nanocomposites Market is likely to witness an impressive CAGR >21% during the forecast period. 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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Polymer Nanocomposites Market - Snapshot |
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Growth |
>21% for the next five years |
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Dominant Polymer Type |
Polyamide |
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Major Nanomaterials Type |
Nanoclays |
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Largest End-User Industry Type |
Automotive & Aerospace |
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Region with the highest demand |
North America |
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Key Players |
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. |
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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.
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 2020, 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.
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.
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.
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Some of the major players in the polymer nanocomposites market are-
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.
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.
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Polymer Nanocomposites Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The polymer nanocomposites market is segmented into the following categories.
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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.
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:
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 at [email protected].
The polymer nanocomposites market is expected to witness an impressive growth of >21% CAGR in the foreseeable future.
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 polymer nanocomposites market.
North America is expected to account for the larges share of the polymer nanocomposites market during the next five years.
Epoxy resin based nanocomposites are expected to witness significant growth rate in the polymer nanocomposites market during the next five years.
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