Polymer Nanocomposite Market (By Product Type: Carbon Nanotubes, Metal Oxide, Nanoclay, Nanofiber, Graphene, Others; By Application: Automotive, Packaging, Electronics & Semiconductor, Aerospace & Defense, Energy, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The polymer nanocomposites market is poised to garner growth at a CAGR of around 6.7% over the forecast period 2019 to 2026 and reach around US$ 31.8 Bn by 2026.

Polymer nanocomposites consists of nano-sized particles into a matrix of standard material. These nano sized particles are used to mix into materials to enhance the thermal conductivity, toughness, and mechanical strength of the material. There are various types of nanocomposites which includes Metal Oxide, Nanoclay, Nanofiber, Carbon Nanotubes, and Graphene. Nanocomposites have flame resistance, thermal, and flame resistance properties which are used mainly in anticorrosion, antimicrobial, antifogging, and adhesive applications. The growing demand for electronic products and increase in demand for consumer products across the globe further grows the demand for polymer nanocomposites. This expected to enhance the production to meet the growing consumption of polymer nanocomposites over the forecast period.

Market Dynamics

The growth of the polymer nanocomposites market is primarily driven by supportive government regulations for use of nanocomposites in packaging and food and beverage industry, increase in demand for nanocomposites in end-use industries and growing demand enhanced mechanical and physical properties. Moreover, rising demand from growing end-use industries, such as packaging, automotive & transportation, and food and beverage in emerging countries also drives the growth of the global polymer nanocomposites market. The polymer nanocomposites are used in automotive industry to improve the durability of component such as headlamp covers, engine cover, tires, and interior and exterior components. The increase in demand for weight reduction in vehicles to enhance the fuel efficiency further increases the demand for nanocomposites during the forecast period. On the other hand, stringent government regulations regarding environmental safety and high costs of nanocomposites is creating a major hindrance for its market growth. However, continuous development in commercializing bio-based nanocomposites and graphene-based nanocomposites is expected to create major growth opportunities during the forecast period.

The carbon nanotubes segment expected to grow at the fastest rate of 18.5% CAGR during the forecast period

Based on product type, the global polymer nanocomposites market has been segmented into carbon nanotubes, metal oxide, nanoclay, nanofiber, graphene, and others. Due to its excellent properties like high durability and desirable electrical propertiesthe carbon nanotubes are the most widely used across the electronics industries across the globe. These carbon nanotubes are transparent; provide excellent finish gloss, rigid, flexible, and highly conductive. Due to these factors, carbon nanotubes are expected to grow at the fastest rate throughout the forecast period.

Based on application, the packaging segment is expected to lead during the forecast period

Based on application, the market has been segmented into automotive, packaging, electronics & semiconductor, aerospace & defense, energy, and others. The packaging segment accounted for the largest share in the market in 2018. Owing to growing demand for nanocomposites in food & beverage, pharmaceuticals, and electronics devices. The growing e-commerce industry, increase in demand for packaged foods, and increase in demand from food industry for packaging and wrapping films continue to increase the demand for polymer nanocomposites in packaging segment.

The market research study on “Polymer Nanocomposites Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global polymer nanocomposites market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global Polymer nanocomposites market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global polymer nanocomposites market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The polymer nanocomposites market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

In 2018, Asia-Pacific dominated the regional market with a maximum market share

Asia-Pacific accounted for the high market share of the polymer nanocomposites market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of polymer nanocomposites in various end user industries, growing development in computer and electronics industry, and growing miniaturization of electronic devices in various industries are the major driving factor for the region in the global market. Increase in number of nanocomposites manufacturers and strong economic growth in the Asia-Pacific region is one of the key factors driving the consumption of nanocomposites in this region. Moreover, the growth of construction, automotive, packaging, and food industry in key countries such as Japan, India, and China are also propelling the growth of nanocomposites in the Asia-Pacific region. North America is expected to hold the second largest in the global market during the forecast period. Growing medical industry, development of new medical electronic devices, growing automobile industry, and increase in product ion base, rising number of nanocomposite manufacturers are expected to enhance the market growth in the global polymer nanocomposites market during the forecast.

Europe is expected to hold the highest CAGR in the global market during the forecast period. The growing packaging industry, increase in innovation and development in polymer nanocomposites, rising production base of electronics and automotive industry, are expected to enhance the market growth in the global polymer nanocomposites market during the forecast.

The players profiled in the report include Evonik Industries AG, Nanocyl SA, ZYVEX TECHNOLOGIES, Arkema, NanoSonic, Inc., UNITIKA LTD, Pixelligent, Industrial Nanotech, Inc., Integran Technologies, and SHOWA DENKO K.K. among others. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.

Market Segmentation

Market By Product Type

• Carbon Nanotubes
• Metal Oxide
• Nanoclay
• Nanofiber
• Graphene
• Others

Market By Application

• Automotive
• Packaging
• Electronics & Semiconductor
• Aerospace & Defense
• Energy
• Others

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa