Global Polymer Nanocomposite Markets 2019-2024 - Growing Demand for Flame Retardant Polymer Nanocomposites
DUBLIN, June 21, 2019 /PRNewswire/ -- The "Polymer Nanocomposite Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
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The polymer nanocomposite market is expected to grow at a CAGR of more than 5% during the forecast period of 2019 - 2024.
Growing applications in electronics specially in the semiconductor applications is one of the major factors that is driving the studied market. However, high processing costs is expected to hinder the growth of the market studied.
-- Carbon nanotube segment dominated the market in 2018 and is expected to
grow during the forecast period owing to the increasing applications
across various end-user industries.
-- Growing demand for flame retardant polymer nanocomposites is likely to
act as an opportunity in the future.
-- Asia-Pacific dominated the market across the globe with the largest
consumption from countries such as China and India.
Key Market Trends
Increasing Demand from Automotive Sector
-- Polymer nanocomposites are used for both interior and exterior
applications. Owing to their high load bearing characteristic despite
their less weight, these nanocomposites are widely used in the
automotive sector.
-- One of the key applications of polymer nanocomposites in the automotive
industry include their usage in fuel systems. Their nano size results in
the smooth surface and helps in retaining any damage against corrosion
and other barriers. The fuel lines are protected from the sour gas
resulting in preservation of base resin properties. Additionally, these
materials help in preventing the build-up and discharge of damaging
static electricity at fuel systems.
-- Polymer nanocomposites are also used for automotive exterior plastic
parts in imparting conductivity, which is subjected to electrostatic
painting, such as door handles, mirror housing, fender, etc.
-- Other applications, include replacing membrane switches in automotive
interiors by thermoformable, printable, capacitive touch sensors, and to
enhance other thermal and mechanical properties.
-- The automotive production is expected to increase in the coming years,
as the automakers in the region have been investing enormously on the
innovation and development of vehicles, especially lightweight and
environment-friendly electric vehicles.
-- Hence, such investments indicate the wait for development and production
of new vehicles in the market, which is further expected to drive the
demand for polymer nanocomposites market in the coming years.
Asia-Pacific Region to Dominate the Market
-- Asia-Pacific accounted for the largest share in the global polymer
nanocomposite market owing to widespread adoption in industrial and
automotive sectors in countries, like India and China.
-- The aviation industry in China is said to be adding around 6,000 new
airplanes between 2016 and 2033. China's domestic air passenger market
experienced the biggest incremental rise, in terms of the number of
journeys made by passengers in 2018, when compared to 2017. The increase
in the number of passengers encourages the government to invest more in
production of more flights, which, in turn, increases the consumption of
polymer nanocomposites.
-- Industries like packaging, electronics & semiconductor, aerospace,
defense, and coatings are continuously finding newer applications, which
will further ignite the growth of polymer nanocomposites market in
Asia-Pacific in the future.
Competitive Landscape
The global polymer nanocomposite market is fragmented with few major players. The major companies include Arkema Group, Evonik Industries AG, Nanocyl SA, Nanophase Technologies Corporation, and SHOWA DENKO K.K.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Demand of Polymer Nanocomposites from Automotive Sector
4.1.2 Growing Applications in Electronics and Semiconductor Industries
4.2 Restraints
4.2.1 High Processing Costs
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.5 Technological Snapshot
4.6 Patent Analysis
5 MARKET SEGMENTATION
5.1 Fiber Type
5.1.1 Carbon Nanotube
5.1.2 Metal Oxide
5.1.3 Nanofiber
5.1.4 Nanoclay
5.1.5 Other Types
5.2 End-User Industry
5.2.1 Automotive
5.2.2 Packaging
5.2.3 Aerospace and Defense
5.2.4 Electronics
5.2.5 Energy
5.2.6 Others
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3D Systems, Inc.
6.4.2 Arkema Group
6.4.3 AxiPolymer Inc.
6.4.4 BYK Additives & Instruments
6.4.5 DowDuPont
6.4.6 Evonik Industries AG
6.4.7 Foster Corporation
6.4.8 Hybrid Plastics Inc.
6.4.9 Inframat Corporation
6.4.10 InMat Inc.
6.4.11 Nanocor Inc.
6.4.12 Nanocyl SA
6.4.13 Nanophase Technologies Corporation
6.4.14 Powdermet, Inc.
6.4.15 RTP Company
6.4.16 SHOWA DENKO K.K
6.4.17 ShayoNano Singapore Private Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Demand for Flame Retardant Polymer Nanocomposites
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