Demand for Polymer Nanocomposites from Automotive Sector
The automotive industry is employing polymer nanocomposites in several applications such as engines and powertrain, suspension and braking systems, exhaust systems, and catalytic converters, frames and body parts, paints and coatings, lubrication, tires, and electric and electronic equipment. The key drivers for the consumption of polymer nanocomposite-enabled parts in the automotive industry are the reduction in the vehicle's weight, improved engine efficiency (fuel saving), reduction in CO2 emissions, and superior performance. Polyolefin is commonly used as host polymer and thermoplastics, such as polyamide (nylon), Polyphenylene Sulfide (PPS), Polyetheretherketone (PEEK), Polyethylene terephthalate (PET), polycarbonate, thermosets such as epoxy, and thermoplastic elastomers, such as butadiene-styrene diblock copolymer, are also used in more demanding automotive applications. The use of polymer nanocomposites in the automotive sector is anticipated to escalate during the forecast period.
Nanoclay Segment to Dominate the Market
The clay-based nanocomposites segment accounted for a major share of the global polymer nanocomposites market in 2017. With a significant annual growth rate, nanoclays incorporated nanocomposites are expected to have a wide implementation in commercial and industrial products, from food packaging materials to automotive, and medical devices. In food packaging, nanoclays are organically modified to allow for better exfoliation within the polymer matrix at a low silicate weight percent, leading to higher commercial applications.
Asia-Pacific to Dominate the Market Growth
Asia-Pacific accounted for the largest share in the global polymer nanocomposites market owing to widespread adoption in industrial sectors, such as automotive, due to the stringent regulations in countries, like India and China. Industries like packaging, electronics & semiconductor, aerospace, defense, and coatings are continuously finding newer applications, which will further ignite the growth of polymer nanocomposites market in Asia-Pacific in the future.
Key Developments in the Market
January 2018: Powdermet received funding from NASA for developing high-energy, high-power, high-temperature nanocomposite film capacitors.
December 2016: Lighting and display technologies are adopting ceramic-polymer nanocomposites to improve device performance.
Major players are RTP Company, Arkema, Inc., Nanocyl SA, Powdermet, Inc., and Evonik Industries AG, amongst others.
Reasons to Purchase the Report
Analyze various perspectives of the market with the help of Porter’s Five Forces Analysis.
Identify the segment that is expected to dominate the market.
Identify the region that is expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support, along with the Market Estimate sheet (in Excel).
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Techological Snapshot
3.4 Patent Analysis
4. Market Dynamics
4.1.1 Rising Demand of Polymer Nanocomposites from Automotive Sector due to Stringent Regulations
4.1.2 Growing Applications in Electronics and Semiconductor Industries
4.1.3 Expanding Consumption in Packing Materials
4.2.1 High Processing Costs
4.2.2 Safety Issues
4.3.1 Adoption of Bio-based Nanocomposites
4.3.2 Growing Demand for Flame Retardant Polymer Nanocomposites
5. Market Segmentation and Analysis
5.1 By Type
5.1.1 Carbon Nanotube
5.1.2 Metal Oxide
5.1.5 Others (Including Graphene etc.)
5.2 By End-user Industry
5.2.7 Others (Including Coatings etc.)
6. Regional Analysis
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.1 3D Systems, Inc.
8.2 Arkema Inc.
8.3 AxiPolymer Inc.
8.4 BYK Additives & Instruments
8.6 Evonik Industries AG
8.7 Foster Corporation
8.8 Hybrid Plastics Inc.
8.9 Industrial Nanotech,Inc.
8.10 Inframat Corporation
8.11 InMat Inc.
8.12 Minerals Technologies Inc. (Nanocor Inc.)
8.13 Nanocyl SA
8.14 Nanophase Technologies Corporation
8.15 Powdermet, Inc.
8.16 RTP Company
8.18 ShayoNano Singapore Private Ltd.
*List not exhaustive
9. Future of the Market
**Subject to Availability in Public Domain
- 3D Systems Inc.
- Arkema Inc.
- Axipolymer Incorporation
- BYK Additives & Instruments
- Evonik Industries AG
- Foster Corporation
- Hybrid Plastics Inc.
- Industrial Nanotech Inc.
- Inframat Corporation
- InMat Inc.
- Minerals Technologies Inc.(Nanocor Inc.)
- Nanocyl SA.
- Nanophase Technologies Corporation.
- Powdermet Inc.
- RTP Company
- ShayoNano Singapore Private Ltd.