Nanoclay Market

Nanoclay Market (Kaolinite, Smectite, and Others) Market for Packaging, Flame Retardants, Automotive, Paints & Coatings, and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023

Unique Properties of Nanoclay Make it Preferred Choice of Material in End User Industries

The unique properties of nanoclay such as chemical resistance, thermal stability, mechanical strength, and improved clarity have made it a preferred material in industries such as automotive, pharmaceuticals, and coatings amongst others, reports Transparency Market Research. 

The global nanoclay market is expected to have an opportunity worth US$3,369.3 mn by 2023 as compared to US$1,222.0 mn in 2014 due to commercialization of nanoclay-reinforced polymers and their growing demand in nanocomposites, which is likely to reduce the price of the final products in the overall market. The market is expected to expand at a CAGR of 12.0% between 2015 and 2023.

The booming manufacturing activities in Europe and Asia Pacific are likely to offer lucrative growth opportunities to the global nanoclay market. The low cost of labor and affordable production costs are encouraging manufacturers to set up bases in Asia Pacific, thus boosting the demand for nanoclay in this region. Rapid urbanization, which has skyrocketed the construction activities in Asia Pacific has also triggered a demand for nanoclay in the past few years. End users are generously using nanoclay as they are known to improve the quality of polymers, which is an important raw material in manufacturing activities.

 

global-nanoclay-market

 

Smectite Emerges as Leading Product Segment

The types of nanoclays available in the market are kaolinite, smectite, and others such as illite and vermiculite. Out of these, the smectite product segment is expected to grow at the fastest CAGR of 12.4% between 2015 and 2023. These are primarily used as clay barriers in chemical and nuclear wastes for their abilities such as long-term structural ability, low permeability, and cation-exchange capabilities. Montmorillonite is the most widely used nanoclay in polymer nanocomposites.

Packaging Segment Grows as It Utilizes Nanoclay Extensively to Maintain Moisture Stability

Amongst the end user industries, the food packaging industry uses nanoclays to a great degree due to their incredible strength, barrier properties, durability, and moisture stability. Nanoclays that contain montmorillonite are gaining immense popularity in the plastic packaging area due to their peculiar properties. Citing these reasons, the packing segment of the overall market will expand at a CAGR of 12.7% during the forecast period.

North America Leads Global Demand for Nanoclay as Automotive Industry Flourishes

North America was the leading regional segment in the global nanoclay market. During the forecast period, it is expected to expand at a CAGR of 12.9%. The demand of nanoclays in North America is dominated by the automotive segment, while the packaging industry also makes a significant mark by being the leading consumer.

Analysts predict that the growth of the nanoclay market in Asia Pacific is also expected to be the fastest in the coming years due to burgeoning automotive and packaging industries in China. This region will also progress due to rampant urbanization and demand for nanoclays in the easing the pressure of migration to urban areas through construction and related activities.

The leading players in the global nanoclay market are Kunimine Industries Co. Ltd, UBE Industries, Mineral Technologies Inc., Elementis Specialties Inc, RTP Co., and Techmer PM. Extensive research and development activities and focus on product innovation are expected to be key strategies for companies to acquire larger market shares in the coming years.

     

    • Chapter 1 Preface
      • Report Description
      • Market Segmentation
      • Research Scope
      • Research Methodology
      • Assumptions  
    • Chapter 2 Executive Summary
      • Global Nanoclay Market, Volume and Revenue, (Kilo Tons) (US$ Mn), 2014–2023
      • Market Snapshot
    • Chapter 3 Industry Analysis
      • Introduction
      • Value Chain Analysis
      • Market Dynamics
      • Driver 1- Rising demand for reinforced polymers in automotive industry
      • Driver 2- Increasing demand for nanoclay in various industries in emerging markets of Asia Pacific and Eastern Europe
      • Restraint 1 – Capital intensive nature of market
      • Opportunity 1 – Research & Development activities in nanoclay market
      • Porter’s Five Forces Analysis
      • Market Attractiveness Analysis (By Countries) – Nanoclay Market
      • Company Market Share – Nanoclay Market (%) (2014)
    • Chapter 4 Nanoclay – Regional Price Trend Analysis 
    • Chapter 5 Nanoclay Market: Product Segment Overview
      • Nanoclay Market – Kaolinite Analysis
      • Nanoclay Market – Smectite Analysis
      • Nanoclay Market – Other Products Analysis
    • Chapter 6 Nanoclay Market: End-user Overview
      • Global Nanoclay Market for Packaging
      • Global Nanoclay Market for Flame Retardants
      • Global Nanoclay Market for Automotive
      • Global Nanoclay Market for Paints and Coatings
      • Global Nanoclay Market for Others
    • Chapter 7 Nanoclay Market: Regional Overview
      • North America Nanoclay Market Overview
      • North America Nanoclay Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
      • North America Nanoclay Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
      • North America Nanoclay Market Volume, by End-User, 2014 – 2023 (Kilo Tons)
      • North America Nanoclay Market Volume, by End-User, 2014 – 2023 (US$ Mn)
      • Europe Nanoclay Market Overview
      • Europe Nanoclay Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
      • Europe Nanoclay Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
      • Europe Nanoclay Market Volume, by End-User, 2014 – 2023 (Kilo Tons)
      • Europe Nanoclay Market Volume, by End-User, 2014 – 2023 (US$ Mn)
      • Asia Pacific Nanoclay Market Overview
      • Asia Pacific Nanoclay Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
      • Asia Pacific Nanoclay Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
      • Asia Pacific Nanoclay Market Volume, by End-User, 2014 – 2023 (Kilo Tons)
      • Asia Pacific Nanoclay Market Volume, by End-User, 2014 – 2023 (US$ Mn)
      • Latin America Nanoclay Market Overview
      • Latin America Nanoclay Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
      • Latin America Nanoclay Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
      • Latin America Nanoclay Market Volume, by End-User, 2014 – 2023 (Kilo Tons)
      • Latin America Nanoclay Market Volume, by End-User, 2014 – 2023 (US$ Mn)
      • Middle East and Africa Nanoclay Market Overview
      • Middle East and Africa Nanoclay Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
      • Middle East and Africa Nanoclay Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
      • Middle East and Africa Nanoclay Market Volume, by End-User, 2014 – 2023 (Kilo Tons)
      • Middle East and Africa Nanoclay Market Volume, by End-User, 2014 – 2023 (US$ Mn)
    • Chapter 8 Company Profiles
      • FCC Inc.
      • BYK Additives & Instruments
      • Elementis Specialties Inc.
      • Kunimine Industries Co. Ltd
      • UBE Industries
      • Mineral Technologies Inc
      • Techmer PM
      • RTP Company
    • Chapter 9 Primary Research – Key Findings

Copyright © Transparency Market Research, Inc. All Rights reserved