Global Polymer Nanocomposites Market 2016: Carbon nanotubes, Nanoclays, Metal oxide

Polymer nanocomposites are multiphase materials that contain dispersion of nano-sized filler materials such as carbon nanotubes, nanoclays, metal oxide, and ceramics among others. Polymer Nanocomposites gain acceptance in various significant packaging applications owing to its barrier strength and conductive properties. Automotive manufacturers also consume nanocomposites as a substitutes of higher-priced materials.

In 2015, the global polymer nanocomposites were valued at $5,161 million. Growth in automotive and packaging industry, superior mechanical and physical properties, and infrastructural growth in the emerging economies are the key factors that drive the growth of the polymer nanocomposites market. However, environmental & technical barriers and high production cost are some factors that hamper the growth of the polymer nanocomposites market.

The market is segmented on the basis of product, end-user, and geography. On the basis of product, the market is divided into carbon nanotubes, nanoclays, metal oxide, ceramics, and others. In 2015, the nanoclays segment occupied three-fifth share in the overall polymer nanocomposites market, in volume terms. This is due to lower production and material cost of the nanoclay-based polymer nanocomposites. Based on end-user of polymer nanocomposites, the market is classified into construction, automotive, electrical & electronics, packaging, and others.

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Furthermore, the market has been categorized on the basis of geographical regions, which include North America, Europe, Asia-Pacific, and LAMEA. In addition, the consumption of polymer nanocomposites in different countries has also been included in the report. In 2015, North America occupied the highest share in the total polymer nanocomposites market, in volume terms. However, Asia-Pacific is expected to be the fastest growing region during the analysis period.

The leading companies in this market proactively work towards their expansion as well as the launch of new polymer nanocomposite products. The major companies profiled in the report include Nanophase Technologies Corporation, The Arkema Group, DuPont, RTP Company, Showa Denko Carbon, Inc., Inframat Corporation, Powdermet, Inc., Nanocor, Inc., Nanocyl S.A., The Lubrizol Corporation, Fuel Quality Services, Inc., Chemiphase Ltd., Clariant AG, Afton Chemical, E-ZOIL, Eastman Chemical Company, Evonik Industries AG, Chevron Oronite Company LLC, and Biofuel Systems Group Ltd.

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