Polymer nanocomposites market was $5,276 million in 2015 and is expected to reach $11,549 million by 2022, growing at a CAGR of 10.9% during 2016-2022. Polymer nanocomposites are multiphase materials that contain dispersion of nano-sized filler materials such as carbon nanotubes, nanoclays, metal oxides, and ceramics among others.
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The world polymer nanocomposite market in this report is segmented on the basis of type, application, and geography. It analyzes the current market trends of polymer nanocomposite-based products in different geographies and suggests the future growth opportunities by analyzing government regulations & policies, thereby further increasing the consumer acceptance in that particular region. The report highlights numerous factors that influence the world polymer nanocomposites market, such as market forecast, drivers, restraints, opportunities, and role of different key players operating in the market. The data represented in the report is in terms of both value and volume.
The growing automotive & packaging industries, superior mechanical & physical properties, and infrastructural growth in emerging economies are the key factors driving the growth of the polymer nanocomposites market. However, environmental & technical barriers and high production cost hamper the growth of this market.
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Polymer nanocomposites were first introduced in the market as nylon-6/clay nanocomposites in 1991 for producing timing-belt covers and engine covers. The main driving factor for the use of polymer nanocomposites enabled-parts is their excellent mechanical and physio-chemical properties. These properties offer reduction in weight of vehicle, increased efficiency of engine leading to low fuel consumption, reduction in the emission of CO2, and increased safety and comfort owing to high performance of the vehicle.
Elastomeric nanocomposites are gaining momentum in the automotive industry is because of their applications in the production of low rolling resistance tires, which are lightweight and save fuel.
Top investment Pockets:
The figure below represents the market attractiveness of different geographies. The most lucrative region for investment is North America. North America is expected to be the preferred choice of any new entrant into the world polymer nanocomposites market due to the rapid adoption of new technology.
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