Polymer Nanocomposites Market is Forecasted to Reach US$ 29.43 Billion in 2028, Says Stratview Research

The global polymer nanocomposites market is projected to witness a growth rate of 18.46% annually from 2022 to 2028 with an anticipated size of US$ 29.43 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global polymer nanocomposites market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 29.43 billion
Growth (CAGR): 18.46% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Polymer Nanocomposites Market:

The global polymer nanocomposites market is segmented based on polymer type, nanomaterials type, end-user industry type, and region.

Based on polymer type - The polymer nanocomposites market is segmented as epoxy resin, polyamide, polyethylene, polypropylene, and others. Epoxy resin-based nanocomposites are estimated to witness a significant growth rate in the market owing to their utilization in the electrical & electronics sector for various applications, including ESD coatings, resistive inks, conductive primers, etc. On the other hand, polyamide is anticipated to hold the largest share of the market and continue being the dominant segment during the forecast period.

Based on nanomaterials type - The polymer nanocomposites market is segmented as nanoclays, carbon nanotubes, nanofibers, nano-oxides, and others. Nanoclays held the largest share of the market in 2021 and are anticipated to continue the same during the forecast period owing to their extensive usage in the food & beverage packaging industry, as they offer good resistive features over other materials. Further, carbon nanotubes are also projected to hold a significant amount of share in the market during the forecast period.

Based on end-user industry type - The market is segmented as automotive & aerospace, electrical & electronics, packaging, biomedical, paints & coatings, and others. Automotive & aerospace is estimated to account for the largest share of the market during the forecast period owing to increasing usage of product in automotive parts such as connectors & fuel line parts, structural parts, and bumpers. Moreover, biomedical sector also finds various applications for the product including drug delivery, dental applications, tissue engineering, bone replacement, etc.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1286/polymer-nanocomposites-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is estimated to account for the largest share of the market during the forecast period. This growth outlook is majorly attributed to the following-

• Its large investments in the field of nanotechnology.
• Growing product demand from the packaging sector and increasing demand for nanomaterials.

Further, Asia-Pacific is anticipated to witness a significant growth rate in the market owing to increasing nanomaterial-based product demand in countries such as South Korea and Japan, boosting the regional market growth over the forecast period. Europe is also expected to offer substantial growth opportunities during the forecast period.

Polymer Nanocomposites Market Drivers:

Some of the key drivers listed in the report are given below.

• Increasing demand for lightweight vehicles
• A rise in product demand in the global packaging and automotive industries
• Growing research and development activities in the field of nanotechnology

Top Companies in the Polymer Nanocomposites Market:

Stratview Research has identified the following companies as the top market players.
• Arkema
• Evonik Industries
• Hybrid Plastics, Inc.
• Mineral Technology, Inc.
• Nanocyl SA
• Nanophase Technologies Corporation
• Nylon Corporation of America, Inc.
• RTP Company
• The 3M Company
• Unitika Ltd.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Polymer Nanocomposites Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Nanocomposites Market: https://www.stratviewresearch.com/1211/nanocomposites-market.html
• Carbon Nanotubes Market: https://www.stratviewresearch.com/654/carbon-nanotubes-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.