Polymer Nanocomposites Market

Polymer Nanocomposites Market - An Overview

The global polymer nanocomposites market is expected to witness strong growth during the forecast period between 2021 and 2031.

Polymer nanocomposites refer to composite materials which are reinforced with nano-scale filler material of polymer matrix.

Polymer nanocomposites have witnessed demand owing to improved mechanical and chemical properties offered by these products and are corrosion resistant.

Aside from these features, polymer nanocomposites also offer improved electrical conductivity, chemical resistance, resistance to heat, and other weather conditions.

Available in platelets, spheroids, and fiber types, some of the end-use industries that have deployed polymer nanocomposites include electrical and electronics, automotive and aerospace, packaging, paints and coatings, and biomedical.

Polymer Nanocomposites Market - Trends and Opportunities

Rising demand to manufacture lightweight automobiles is the key growth driver of global polymer nanocomposites market.

Also, increasing research and development activities in the field of nanotechnology is expected to help create revenue-generating opportunities for prominent players in overall market, in the coming years.

In addition to this, advancements to existing products with deployment of new raw materials in production process could help trigger product demand and augment the growth in polymer nanocomposites market, in the years ahead.

Government initiatives and measures, as well as funding from private investors for research and development undertakings for leading players, could help growth in overall polymer nanocomposites market, in future.

Other factors such as rapid industrialization, especially in developing economies could also contribute to growth in global polymer nanocomposites market, in years to come.

Automotive end-use segment is expected to emerge as largest revenue contributor to overall market because of increasing polymer nanocomposites demand as suitable alternative for heavy metal composites in a bid to obtain products with reduced weight and improved efficiency.

Polymer Nanocomposites Market - Competitive Landscape

The global polymer nanocomposites market is fragmented, with the presence of several prominent players. Several of these players have become successful owing to years of delivering consistent results and are expected to hold a large share in global market, in the coming years.

Research and development undertakings such as establishment of R&D centers could be key, revenue-generating growth strategy for leading players in overall polymer nanocomposites market, in the coming years.

New polymer nanocomposites launch could help leading players gain an edge over other competitors and also generate revenue streams.

Other strategies such as signing of collaborative agreements with smaller players could assist well-established polymer nanocomposites market players in expanding their overall presence in global market as well as in improving their revenue shares.

Few leading players in global market include Nylon Corporation of America, RTP Company, Arkema, 3M, and Nanophase Technologies Corporation.

Polymer Nanocomposites Market - Regional Assessment

The global polymer nanocomposites market is classified into five regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America is expected to emerge as dominant region in global polymer nanocomposites market because of prominent presence of packaging and biomedical manufacturers in countries such as the U.S and Canada.

Also, increased presence of well-established polymer nanocomposites market players have assisted in market growth in North America.

Asia Pacific is anticipated to witness substantial growth in global polymer nanocomposites market due to increased production of polymer nanocomposites in countries such as Japan and South Korea.

Europe is expected to witness strong growth in polymer nanocomposites market in future owing to increasing demand from automotive industries in countries such as Germany and the U.K.

Other regions of the world such as Middle East and Africa and Latin America are expected to witness moderate growth in overall polymer nanocomposites market, in years to come, owing to reduced presence of prominent countries in countries belonging to both the regions.