Nanoclay Reinforcement Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 23.2% through 2020 to 2026, reaching nearly US$ XX Mn.
The global Nanoclay Reinforcement market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Nanoclay Reinforcement report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Nanoclay Reinforcement Market Overview:
Increasing applications of nanoclay reinforcement in polymer-based composites thanks to its properties including toughness, stiffness, dimensional stability, thermal resistance, chemical resistance, enhanced barrier properties, and flexibility at high temperatures. This factor drives the global nanoclay reinforcement market demand.
Global Nanoclay Reinforcement Market Dynamics:
Growing applications of nanoclay reinforced materials in the cosmetic industry thanks to their abilities to improve various characteristics like good coverage and color retention for lipsticks, eye-shadows, and nail polishes. This factor drives the global nanoclay reinforcement market demand. Major suppliers along with an integrated value chain are expected to pose high barriers of entry to the innovative players in the industry. Favorable government rules for research and development in nanotechnology are expected to drive market growth during the forecast period 2020-2026. This factor inspires major players in the industry.
The development of bio-based nanoclay reinforcements including soy-based unsaturated polyesters are creating lucrative opportunities for the market players. Soy-based unsaturated polyester reinforcements exhibit larger efficiencies. These opportunities are expected to boosts the market growth during the forecast period.
Global Nanoclay Reinforcement Market Segment Analysis:
By Application, the nanoclay reinforcement market is segmented into packaging, coatings, automotive parts, and others. The packaging segment accounting for more than USD 343.0 million in 2019 thanks to its high barrier properties it has become an important part of the packaging industry and is utilized in various food packaging applications. Increasing demand for low-cost, flexible packaging is expected to propel growth during the forecast period.
The coatings application segment is expected to register a CAGR of around 28.0% in terms of volume during the forecast period. Growing consumer awareness regarding the benefits of nanoclay reinforced products thanks to their improving characteristics is expected to boost growth. Regulatory support to increase production output for nanotechnology-based products is further propels the segment growth.
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By End-Use, the market is segmented into automotive, construction, marine, electronic components & appliances, military & defense, and others. The construction segment is expected to grow at a rapid pace during the forecast period. The increasing growth of construction and furniture industries in developing countries including India, China, and Brazil as well as increasing demand for nanoclay from these sectors is driving the market demand. Growing demand for liquid silicone rubber or LSR from various industries like medical, electrical, aerospace, and automotive has expected to boost the nanoclay reinforcement market growth.
Global Nanoclay Reinforcement Market Regional Insights:
North America Dominate the Global Nanoclay Reinforcement Market
North America led the market and accounted for 34.9% of the market share in 2019, attributed to increasing government support for the development of nanoparticles and the importance of nanotechnology.
Asia Pacific is expected to dominate the Global Nanoclay Reinforcement Market
The Asia Pacific is expected to be the second-largest region of the global nanoclay reinforcement industry during the forecast period. This growth is attributed to supportive government rules for R & D activities and a strong manufacturing base. Rapid urbanization in emerging economies is propelling demand from the construction sector, is further drive the market growth in this region. Moreover, the electronic industry in the Asia Pacific increase at a rapid pace and needs nanoclay reinforced material because of its excellent mechanical properties. In addition, rising investment in nanotechnology research activities along with technological development is expected to boost the market growth during the forecast period in the region.
The objective of the report is to present a comprehensive analysis of the Global Nanoclay Reinforcement market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Nanoclay Reinforcement market dynamics, structure by analyzing the market segments and project the Global Nanoclay Reinforcement market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Nanoclay Reinforcement market make the report investor’s guide.
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Global Nanoclay Reinforcement Market Scope: Inquire before buying
Global Nanoclay Reinforcement Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Nanoclay Reinforcement Market Key Players
• BYK Additives
• Minerals Technologies Inc.
• Nanophase Technologies
• Inframat Corporation
• Laviosa Chimica Mineraria SpA
• 3M ESPE
• Hybrid Plastics
• Zyvex Technologies
• Nanocor Incorporated
• Sika AG
• Evonik Industries AG
• Inc.Du Pont (E.I) De Nemours
• Axson Technologies SA.
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