Polymer Nanocomposites Market – Industry Analysis, Competitive Strategy during 2019-2025
Global Market Insights, Inc.
has launched a report on Polymer Nanocomposites Market that elucidates an
in-depth synopsis of this business vertical over the forecast period. The
report is inclusive of the prominent industry drivers and provides an accurate analysis
of the key growth trends and market outlook in the years to come in addition to
the competitive hierarchy of this sphere.
Driven by excessive product
deployment across numerous end-user applications such as automotive, packaging,
electronics, and paints, polymer nanocomposites market size is slated to
experience substantial growth over the ensuing years. These materials are
created from dispersed nanomaterials into a resin matrix that improves plastic
properties. The product also acts as a great substitute for metal parts in the
aerospace and automotive industry, which will positively impact polymer
nanocomposites industry growth in the coming years.
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The demand for lightweight
parts is a key growth factor increasing the global polymer nanocomposites
market share from the automotive sector. The demand for lightweight materials
in developed regions is estimated to rise, primarily due to the imposition of stringent
fuel economy and vehicular emission standards.
This trend is further
proliferated by the high penetration of battery electric vehicles across the
world, owing to rising Co2 levels from conventional vehicles. Improved battery
solutions and infrastructure paired with reduced maintenance cost, due to the
absence of complex mechanical parts, will further accelerate the adoption of
electric vehicles. EVs increasingly deploy lightweight parts, due to their
ability to enhance vehicle performance. Polymer nanocomposites are used to
replace several heavy metal parts, which implies that the increasing EV demand
is a good sign for global polymer nanocomposites market outlook over the
forecast period.
Over the last few decades,
polymer nanocomposites have evolved as the most promising materials to be added
to the food packaging applications. This is can be credited to various
properties such as gas barrier and mechanical or antimicrobial characteristics
that help in extending the shelf-life of the product and enhancing its
quality. Increasing consumer preference
for packaged food and beverages will primarily drive the demand for advanced
food packaging, which will significantly impact polymer nanocomposites industry
trends over the coming years.
Increasing research and
development activities to explore the potential of nanotechnology is another
growth factor for polymer nanocomposites industry. A recent study conducted by scientists from
the Delft University of Technology and the University of Rochester unveiled the
possible use of nanomaterials in developing computer technology and medical
equipment. Research in nanotechnology can discover new applications for polymer
nanocomposite properties, which could, in turn, benefit global polymer
nanocomposites market in the future.
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Polymer nanocomposites are
extensively applied in several biomedical applications like prosthesis, hip
implants, wound healing, vascular grafts, medical devices, and artificial
organs. In terms of bio applications, polymer nanocomposites properties are
known to possess numerous advantages such as the availability of synthetic
polymer matrices and their convenient and tunable fabrication techniques. For
instance, the use of polymer nanocomposite scaffolds for tissue engineering
depicts high cell adhesion, biodegradability, and low inflammation upon
implantation. Owing to such advantages, the biomedical applications present a
wide scope for polymer nanocomposites market.
Based on polymer types,
epoxy-resin based nanocomposites are anticipated to grow at a high CAGR between
the years 2019 to 2025. This possibility can be credited to its excessive use
in electronic applications like ESD coatings, resistive inks, conductive
primers, and more. ESD coatings are highly used in furniture, workbenches, and
shelving. Burgeoning commercial and industrial infrastructure development will
significantly drive the demand for epoxy-resin based nanocomposites.
In terms of regional growth,
the North America market has consistently held a profitable position in global
polymer nanocomposites market. NNI agencies in the United States have
dedicatedly invested in the establishment of multidisciplinary research and education
centers focused on nanoscience and nanotechnology. Moreover, the region boasts
a well-established market for processed food and beverages. Therefore, the
rising demand for nanocomposites from the food packaging industry will further
proliferate market growth in the region.
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Meanwhile, the Asia Pacific
market is also emerging as a strong contender in the business sphere. The
market, driven by India, China, and Japan is witnessing increasing demand for
nanomaterials-based products. Nanomaterials find significant use in paints and
coatings, which will observe a high demand in the region owing to the
burgeoning need for residential and commercial properties, particularly in
India and China.
Polymer nanocomposites are
seeing increasing demand from numerous industries in recent years. Besides its
mechanical properties, polymer nanocomposites-based graphene and nanotubes are
being used to improve a wide range of properties, triggering the use of
functional materials for an extensive range of high-value applications.
According to a research report
by Global Market Insights, Inc., polymer nanocomposites market is anticipated
to be worth more than $31 billion by 2025.
About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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Polymer Nanocomposites Market – Industry Analysis, Competitive Strategy during 2019-2025
Reviewed by snehal
on
September 17, 2019
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