In 2015, the world polymer nanocomposites market was valued at $5,276 million and is projected to grow at a CAGR of 10.9% during 2016-2022. The growing demand for polymer nanocomposites from the automotive industry is the major driver for the polymer nanocomposites market. Polymer nanocomposite-enabled parts are gradually replacing the metal parts that are used in vehicles as they offer various advantages over them such as weight reduction, increased engine efficiency, fuel savings, reduced CO2 emissions, and superior strength. The stringent regulations on the emission of CO2 from vehicles also serve as an important factor supporting the growth of polymer nanocomposites in the automotive industry. Apart from their use in the automotive sector, polymer nanocomposites also find applications in the construction industry for repair and rehabilitation of buildings and bridges.
The world polymer nanocomposites market is segmented in this report on the basis of type, application, and geography. On the basis of type, the market is segmented into carbon nanotubes, nanoclays, metal-oxide, ceramics, and others. Nanoclays accounted for the highest revenue-generating segment of the world polymer nanocomposite market with three-fifth of the total market share in 2015. The market is segmented into construction, automotive, electrical & electronics, packaging, and others on the basis of applications. The packaging industry is the fastest growing segment of the polymer nanocomposites industry owing to increasing demand for polymer nanocomposite-based packaging material due to their anti-microbial properties.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest revenue-generating region in 2015 and is expected to maintain its lead throughout the forecast period. It was followed by Europe with around one-third of the total market share. The development of new polymeric resins by European-based companies is a major factor that drives opportunities in the European polymer nanocomposites market. These polymeric resins can be used for the modification of thermoplastic elastomers and other polymers. In addition, the use of polymer nanocomposites in consumer products such as sports shoes is also driving the European market.
The leading companies in this market have been proactively working towards their expansion as well as the launch of new polymer nanocomposite products. The major companies profiled in the report include:
Nanophase Technologies Corporation
The Arkema Group
Showa Denko Carbon, Inc.
Evonik Industries AG
The report provides a comprehensive analysis of current and future market trends in the world polymer nanocomposites market to identify the potential investment pockets.
Current and future trends are outlined in the report to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
The report provides information regarding key drivers, restraints, and opportunities with impact analysis of the world polymer nanocomposites market.
The market projections for the period 2014–2022 have been included along with the impacting factors.
The report also provides quantitative as well as qualitative trends to help the stakeholders in understanding the situations prevailing in the market.
In-depth analyses of the key segments of the market demonstrate the consumption of polymer nanocomposites in different applications across different end user industries.
Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.
Key market segments
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools And Models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO Perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market Definition And Scope
3.2 Key Findings
3.2.1 Top Investment Pockets
3.2.2 Top Winning Strategies
3.3 Patent Analysis
3.3.1 Patent Analysis by Year
3.3.2 Patent Analysis by Region
3.3.3 Patent Analysis by Company
3.4 Porters Five Forces Analysis
3.4.1 Bargaining Power Of Suppliers
3.4.2 Bargaining Power Of Buyers
3.4.3 Threat Of Substitutes
3.4.4 Threat Of New Entrants
3.4.5 Intensity Of Competitive Rivalry
3.5 Market Dynamics
18.104.22.168 Increasing Use of Polymer Nanocomposites in the Automotive Sector
22.214.171.124 Growing Demand for Polymer nanocomposites from other sectors
126.96.36.199 Enhanced physical and mechanical properties
188.8.131.52 stringent government regulations for Automotive Emissions
184.108.40.206 High Cost of Processing and Research & Development
220.127.116.11 Environmental and Food Safety Issues
18.104.22.168 Increasing Adoption of Bio-Based Materials
22.214.171.124 Increase in Consumption of Graphene and Related Products
CHAPTER 4 WORLD POLYMER NANOCOMPOSITES MARKET BY TYPE
4.1.1 Market Size and Forecast
4.2 Carbon Nanotubes (CNT)
4.2.1 Key Market Trends
4.2.2 Key Opportunities and Growth Factors
4.2.3 Market Size and Forecast
4.3.1 Key Market Trends
4.3.2 Key Opportunities and Growth Factors
4.3.3 Market Size and Forecast
4.4 Metal Oxide
4.4.1 Key Market Trends
4.4.2 Key Opportunities and Growth Factors
4.4.3 Market Size and Forecast
4.5.1 Key Market Trends
4.5.2 Key Opportunities and Growth Factors
4.5.3 Market Size And Forecast
4.6.1 Key Market Trends
4.6.2 Key Opportunities and Growth Factors
4.6.3 Market Size and Forecast
CHAPTER 5 WORLD POLYMER NANOCOMPOSITES MARKET BY APPLICATION
5.1.1 Market Size and Forecast
5.2.1 Key Opportunities and Growth Factors
5.2.2 Market Size and Forecast
5.3.1 Market Size and Forecast
5.4 Electrical And Electronics
5.4.1 Market Size and Forecast
5.5.1 Key Opportunities and Growth Factors
5.5.2 Market Size and Forecast
5.6.1 Market Size and Forecast
CHAPTER 6 WORLD POLYMER NANOCOMPOSITES MARKET BY GEOGRAPHY
6.1.1 Market Size and Forecast
6.2 North America
6.2.1 Key Market Trends
6.2.2 Key Growth Factors and Opportunities
6.2.3 Market Size and Forecast
6.3.1 Key Market Trends
6.3.2 Key Growth Factors and Opportunities
6.3.3 Market Size and Forecast
6.4.1 Key Market Trends
6.4.2 Key Growth Factors and Opportunities
6.4.3 Market Size and Forecast
6.5.1 Key Market Trends
6.5.2 Key Growth Factors and Opportunities
6.5.3 Market Size and Forecast
CHAPTER 7 COMPANY PROFILES
7.1 Nanophase Technologies Corporation
7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 Operating Business Segments
7.1.4 Business Performance
7.1.5 Key Strategic Moves and Developments
7.2 THE ARKEMA GROUP
7.2.1 Company Overview
7.2.2 Company Snapshot
7.2.3 Operating Business Segments
7.2.4 Business Performance
7.2.5 Key Strategic Moves and Developments
7.3 E. I. DU PONT DE NEMOURS AND COMPANY
7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 Operating Business Segments
7.3.4 Business Performance
7.3.5 Key Strategic Moves and Developments
7.4 RTP COMPANY
7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 Operating Business Segments
7.4.4 Key Strategic Moves and Developments
7.5 SHOWA DENKO CARBON, INC.
7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 Operating Business Segments
7.5.4 Key Strategic Moves and Developments
7.6 INFRAMAT CORPORATION
7.6.1 Company Overview
7.6.2 Company Snapshot
7.6.3 Operating Business Segments
7.7 POWDERMET, INC.
7.7.1 Company Overview
7.7.2 Company Snapshot
7.7.3 Operating Business Segments
7.8 EVONIK INDUSTRIES AG
7.8.1 Company Overview
7.8.2 Company Snapshot
7.8.3 Operating Business Segments
7.8.4 Business Performance
7.9 Nanocor, Inc.
7.9.1 Company Overview
7.9.2 Company Snapshot
7.9.3 Operating Business Segments
7.10 NANOCYL S.A.
7.10.1 Company Overview
7.10.2 Company Snapshot
7.10.3 Operating Business Segments
7.10.3 Key Strategic Moves and Developments
The dispersion of nanofillers in polymer matrices are known to enhance the physical, mechanical, and barriers properties of the material. These enhanced properties make them more beneficial for use in industrial sectors such as construction, packaging, electrical & electronics among several others. Increasing use of polymer nanocomposites in the automotive as well as packaging industry and the stringent government regulations for automotive emissions in several countries such as the U.S., Germany, India, and China is invariably supporting the growth of global polymer nanocomposites market. On the contrary, high cost of processing is dampening the market growth. The growing consumption of graphene and related materials would drive the future growth of the market.
The nanoclays segment generated three-fifths of overall revenue in 2015, owing to its flame retardant, mechanical & barrier, dispersion properties, and reduced weight. Furthermore, the segment is projected to be the fastest growing, at 11.8% CAGR during 2016-2022. Carbon nanotubes segment follows nanoclays at second place.
Polymer nanocomposites find application in construction, automotive, electrical & electronics, packaging, and biomedical & defence among others. Automotive is the fastest growing application, registering a CAGR of 11.4% during 2016-2022 owing to the lightweight properties and high durability and strength of polymer nanocomposites. The rise of electric vehicles has invariably risen the demand for polymer nanocomposites.
Key Findings of the Polymer Nanocomposites Market
North America will grow at a CAGR of 10.9%, in terms of revenue, during 2016-2022 to continue to lead the market, followed by Asia-Pacific.
Nanoclays segment occupied about three-fifths share in terms of both volume and revenue, in the polymer nanocomposites market.
In 2015, packaging was the highest consumer of polymer nanocomposites worldwide, accounting one-fourth share in the overall market.
Nanoclays is expected to be the fastest growing segment in the LAMEA region, registering a CAGR of 16.1%, in terms of volume.
LAMEA is the fastest growing region, in terms of revenue, in the world polymer nanocomposite market, growing at a CAGR of 12.5% during 2016-2022.
North America and Europe collectively generated more than half of the total polymer nanocomposites market revenue in 2015; however, Asia Pacific and LAMEA shall collectively churn away about 2% of the revenue by 2022. Stringent government regulations imposed on vehicular emissions and rapid adoption polymer nanocomposites based materials in the packaging sector are the key factors responsible for market growth in these regions. However, LAMEA is projected to be the fastest growing segment during the forecast period.
The prominent players profiled in this report include Nanophase Technologies Corporation (U.S.), The Arkema Group (France), DuPont (U.S.), RTP Company (U.S.), Showa Denko Carbon, Inc. (U.S.), Inframat Corporation (U.S.), Powdermet, Inc. (U.S.), Nanocor, Inc. (U.S.), Nanocyl S.A. (Belgium), and Evonik Industries AG (Germany).
- THE ARKEMA GROUP
- E. I. DU PONT DE NEMOURS AND COMPANY
- RTP COMPANY
- SHOWA DENKO CARBON
- INFRAMAT CORPORATION
- EVONIK INDUSTRIES AG
- NANOCYL S.A.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.