The polymer nanocomposites market in terms of value is expected to reach above $5,100 million by 2020, growing at a significant CAGR from 2014 to 2019.
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A nanocomposite is a material designed for enhanced performance in any number of unique applications through improvement in structural, functional or cosmetic properties. Though various composite materials like fiberglass and reinforced plastics are now in wide use for numerous applications, there has been continued demand for novel composites with desirable properties for many other applications. These nanocomposites are now days widely used in application markets such as packaging, automotive, aerospace & defense, electronics & semiconductor, energy, construction, and others.
Nanocomposites can be classified on the basis of product type, such as Carbon nanotube, Metal Oxide, Nanofiber, Nanoclay, Graphene and others. Regarding the application of the polymer nanocomposites to the various application industries, their versatility makes them adequate for a variety area of application purposes. On the basis of resin type nanocomposites are classified into two types namely thermoplastics and thermosetting. They can also be classified on the basis of end application market, such as packaging, automotive, electronics & semiconductor, aerospace & defense, energy, coatings and other industrial applications. Polymer nanocomposites offer a unique combination of properties that make them attractive alternatives for the packaging industry and hence packaging industry dominated the nanocomposites market with highest market share in 2014. New developments in packaging industry have arisen based on the use of the nanotechnology, which brings innovative opportunities to the packaging industry.
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Nano-particles and nano-layers have very high surface-to-volume and aspect ratios and this makes them ideal for use in polymeric materials. Such structures combine the best properties of each component to possess enhanced mechanical & superconducting properties for advanced applications. The new applications of Nanocomposites in the growing packaging, automotive and electronics & semiconductor sector are one of the major driving factors for the polymer nanocomposites market. The challenge and interest in developing nanocomposites is to find ways to create macroscopic components that benefit from the unique physical and mechanical properties of very small objects within them. Growing demand of nanocomposites from emerging regions of the world is also expected to contribute to the growth of the polymer nanocomposites market.
The polymer nanocomposites market is moderately fragmented, where 3D System (U.S.), Foster Corporation (U.S.), Industrial Nanotech (U.S.), Hybrid Plastics Inc. (U.S.), Inframat Corporation (U.K.), InMat Inc. (U.S.), and Nanocor Incorporated (U.S.) captured majority of the market share in production and supply. The companies in this market need to compete with each other with respect to prices and a wide product range with an advanced technology in order to meet the market requirements.
The report analyzes the polymer nanocomposites market in various applications and covers the market demand with respective regions. The report also provides a market overview for the nanocomposites.
This report also includes the leading manufacturers’ profiles such as BYK Additives (Germany), 3D System (U.S.), Foster Corporation (U.S.), Industrial Nanotech (U.S.), Hybrid Plastics Inc. (U.S.), Inframat Corporation (U.K.), InMat Inc. (U.S.), Nanocor Incorporated (U.S.) and others.
By Types:
1. Carbon Nanotubes
2. Metal Oxide
3. Nanofiber
4. Nanoclay
5. Graphene
6. Others (Expanded graphite, Recycled paper, Wood, Recycled fibers)
By Applications:
1. Packaging
2. Automotive
3. Electronics & Semiconductor
4. Aerospace & Defense
5. Coatings
6. Energy
7. Others (Sports, Healthcare)
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