Polymer Nanocomposites Market Insight On The Important Factors And Trends Influencing The Industry 2028

The Global Polymer Nanocomposites Market is expected to grow from USD 10.04 billion in 2019, to reach USD 69.00 billion, growing at a CAGR of 23.9% during the forecast period.

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Polymer Nanocomposites market to grow due to multiple applications in the electronics and automotive industry
Growing applications in electronics are expected to propel the polymer nanocomposites market during the forecast period, particularly in semiconductor applications. One of the crucial applications of polymer nanocomposites in the automotive industry is their use in fuel systems. Their nano-size makes the texture soft and helps to preserve any damage to corrosion and other obstacles. The fuel lines are secured against sour gas which preserves the base resin characteristics.

In addition, these products help prevent harmful static electricity from constructing and discharging petrol stations. Polymer nanocomposites are also used to impart electrostatic conductivity for external plastic parts of the vehicle, such as door handles, mirror frames, fender etc. Other applications include the exchange of membrane switches in automotive interiors with thermoformable, printable and capacitive touch sensors, and enhancement of other heat and mechanical properties.

These developments thus suggest the wait for new vehicles to be built and manufactured on the polymer nanocomposites market, which is further expected to drive demand for the polymer nanocomposites industry in the coming years. With the region's automakers investing heavily in innovation and growth in automobiles, especially lightweight and environmentally-friendly electric vehicles, automotive manufacturing is expected to increase in the coming years.

Regional fragmentation to understand growth patterns-
Asia-Pacific accounted for the largest percentage in the global polymer nanocomposite industry, due to extensive adoption in manufacturing and automotive industries in nations such as India and China. Between 2016 and 2033, around 6,000 new aircraft are reportedly being introduced in China by the aviation sector. The highest incremental increase in China's domestic aerial transport industry exceeded the number of traveler trips in 2018 as compared with 2017. The increase in passenger numbers prompts the government to invest more in-flight production, which in turn increases the consumption of polymer nanocomposites.

Industries like printing, electronics & semiconductors, transportation, security, and coatings are continuously discovering new technologies that will further fuel the Asia-Pacific polymer nanocomposite industry. With regard to the market for polymer nanocomposites, the Middle East is still underdeveloped.

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Significant Factors Impacting the Growth of Polymer Nanocomposites Market:
o Increasing demand in the electronics industry in particular in the semi-conductor development category.
o Increasing demand in electronic vehicle technology due to component size reductions.
o The high technology cost.
Important Developments in the Polymer Nanocomposites Market:
o The purchase of both Cray Valley and Cook Composites and Polymers was announced by Arkema in 2012
o In 2016, DuPont introduced a family of thermoplastic nanocomposites which promises to open up new possibilities for the design and manufacture of plastic parts that deliver higher performance, lighter weight and increased molding productivity.
o In 2019, Evonik acquired Structured Polymers Inc., a US-based 3D printing nanocomposite technology start-up with headquarters in Austin, Texas. The acquisition will provide Evonik with access to a new patented technology that will allow the company to expand its portfolio on the additive manufacturing market of specialty polymer nanocomposites.

What Does This Report Provide?
This report provides a detailed understanding of the global polymer nanocomposites market during the forecast period, from both qualitative and quantitative perspectives. The report also provides dynamic indicators with potential market impact over the forecast period and an in-depth analysis of the leading companies operating in the market for polymer nanocomposites.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Nanophase Technologies Corporation
2. The Arkema Group
3. DuPont
4. RTP Company
5. Showa Denko Carbon, Inc.
6. Inframat Corporation
7. Powdermet, Inc.
8. Nanocor, Inc
9. Nanocyl S.A.
10. and Evonik Industries AG.

Market Segmentation:
By Fiber Type:
o Carbon Nanotube
o Metal Oxide
o Nanofiber
o Nanoclay
o Others
By End User:
o Automotive
o Packaging
o Aerospace and Defense
o Electronics
o Energy
o Others
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Fiber Type
o By End-User
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Fiber Type
o By End-User
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Fiber Type
o By End-User
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Fiber Type
o By End-User
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Fiber Type
o By End-User
o Rest of the World
o By Region (South America, Africa)
o By Fiber Type
o By End-User

Reasons to Buy This Report:
o Market size estimation of the global polymer nanocomposites market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in polymer nanocomposites market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the polymer nanocomposites market.

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This release was published on openPR.