Nanoclay Reinforcement Market Scope
Nanoclays is a derivative of natural clays, which contains finely divided mineral particles. These nanoclays are easily available and environmentally friendly, also are low-cost in nature. The development of nanoclays as fillers in polymers is involved in research and development. The nanoclays are added to plastics which results in improved abrasion properties, low thermal expansion, excellent surface qualities, increased tensile strength, and good processing properties. Further, nanoclay reinforcement provides an outstanding dispersion and exfoliation, reduced weight etc. these properties of nanoclay is driving the global nanoclay reinforcement market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nanophase Technologies (United States), BYK Additives (India), Nanocor Incorporated (United States), Elementis Specialties Inc. (United Kingdom), BASF SE (Germany), 3M ESPE (United States) and DuPont (United States) |
CAGR | 20.8% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Nanoclay Reinforcement market throughout the predicted period.
Nanophase Technologies (United States), BYK Additives (India), Nanocor Incorporated (United States), Elementis Specialties Inc. (United Kingdom), BASF SE (Germany), 3M ESPE (United States) and DuPont (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Evonik Degussa GmbH (Germany) and Axson Technologies SA (France).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Nanoclay Reinforcement market by Type , by Application (Automotive, Construction, Marine, Electronic components & appliances, Military & defense and Others) and Region with country level break-up.
On the basis of geography, the market of Nanoclay Reinforcement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In September 2018, According to a Journal of Nanomaterials, Nanoclays are being used in Food and Beverages. The benefits of using nanoclays as a promising property enhancer inorganic polymers for food and beverage packaging. The incorporation of nanoclays can improve the thermal, mechanical, and barrier properties of a host polymer. Both natural hydrophilic and modified organophilic nanoclays provide unique characteristics to the host polymer depending on the selected applications.
Influencing Trend:
Rapid Growth among End-user Industries, Application of Nanoclay Reinforcement in Liquid Silicone Rubber in the Future and Increasing Raw Material Production of Nanomaterials
Market Growth Drivers:
Low cost Manufacturing Cost & Easy Availability of Raw materials, Rising Demand in Automobiles, Aerospace, Electronics & Construction Industries and Increasing Demand among Plastic Manufacturing Industry
Challenges:
Fluctuating Raw Material Prices may pose a Challenge for the Market
Restraints:
High Cost of Technologies such as Nanotechnology for Nanoclay Reinforcement
Opportunities:
Increasing Investment in Nanotechnology Research Activities and Rising Expenditure on Construction Coupled With Growing Demand for Furniture in Emerging Markets
Key Target Audience
Nanoclay Reinforcement Manufacturers, Downstream Vendors, Marketing & Consulting Firms, Potential Investors, Industry Associations, Government & Regulatory Bodies and Venture Capitalists