Polymer Nanocomposites Market Size By Polymer (Epoxy Resin, Polyamide, Polyethylene, Polypropylene), By Nanomaterials (Nanoclays, Carbon Nanotubes, Nanofibers, Nano-oxides), By End-user Industry (Automotive & Aerospace, Electrical & Electronics, Packaging, Biomedical, Paints & Coatings), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jul 2019  |  Report ID: GMI3892  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 265   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Polymer Nanocomposites Market size was estimated over USD 7 billion in 2018 and the industry is likely to grow at a CAGR of more than 21% up to 2025. Growing demand for lightweight vehicles is likely to increase the usage of nanocomposites in automotive manufacturing which will further enhance the industry growth in the forecast time period.
 

Polymer Nanocomposites Market Statistics

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Rising product demand in the global packaging and automotive industry will be the chief driver for the global polymer nanocomposites market growth over the forecast time period. The product imparts improvement in the properties of synthetic plastic materials such as gas barrier properties, mechanical strength, electrical conductivity, flame retardancy, rheology, etc. These products are gradually replacing heavy metals used in different industries such as aerospace, automotive, etc.
 

For example, Alpine Advanced Materials have announced to commercially license and sell thermoplastic nanocomposite developed by Lockheed Martin Aeronautics in 2019. This new material will be used to replace many metal parts used in the seats, interiors, galleys, trays, etc. in an aircraft. Similarly, many automotive manufacturers are also replacing metal body parts with these products.
 

Another key growth enabling factor for the polymer nanocomposites market is increasing research and development activities in the field of nanomaterials. Major countries including U.S. and Japan are investing huge amount of capital in building infrastructure for carrying out research activities. For instance, U.S. announced to allocate approximately USD 1.4 billion in 2019 for the National Nanotechnology Initiative (NNI), to conduct research related to nanomaterials.
 

Similarly, many private organizations are also taking initiative in developing nanotechnology across the world. Thus, rising research and development activities in the field of nanotechnology will enhance the polymer nanocomposites market share in the coming years.
 

Although the product helps in enhancing key properties of synthetic plastics, high product prices may slow down the growth of the industry in coming years. High price of nanomaterials such as carbon nanotubes, nanofibers, etc. will affect polymer nanocomposites market demand in the forecast time period.
 

Polymer Nanocomposites Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 7 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 21% 2025 Value Projection: 31 Billion (USD)
Pages: 265 Tables, Charts & Figures: 462
Geographies covered (19): U.S., Canada, Germany, UK, France, Italy, The Nordic Countries, Russia, China, Japan, South Korea, Singapore, Taiwan, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Israel
Segments covered: Polymer, Nanomaterials, End-user Industry and Region
Companies covered (12): Arkema, RTP Company, Nanocyl SA, Unitika Ltd, Evonik Industries, Mineral Technology, Inc., Hybrid Plastics, Inc., Nylon Corporation of America, Inc, 3M, Ad-Nano Technologies Private Limited, Nanophase Technologies Corporation, Nanoshel
Growth Drivers:
  • 1.Increasing product demand in packaging and automotive industry
  • 2. Rising research and development activities related to nanotechnology across the world
  • 3. Superior product characteristics compared to synthetic polymers
Pitfalls & Challenges:
  • 1.High price of the product
  • 2. Stringent government regulations related to nanomaterials

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Market, By Polymer

Based on polymer, the industry is segmented by plastic material into epoxy resin, polyamides, polyethylene, polypropylene and others. Other plastics consist of thermoplastics, elastomer, thermosetting resins, etc. Epoxy resin-based nanocomposites is likely to grow at a CAGR of more than 24% during the forecast time period.
 

These products are used in the electrical & electronics sector for a variety of applications including ESD coatings, conductive primers, resistive inks, etc. Polyamide based nanocomposites accounted for the highest share of approximately 40% in 2018 and it is likely to dominate the polymer nanocomposites market by the end of the forecast time period.
 

Polymer Nanocomposites Market by Polymer

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Market, By Nanomaterials

On the basis of nanomaterials, the market is segmented by nanoclays, carbon nanotubes, nanofiber, nano-oxides and others. Nanoclays accounted for the majority of share in the overall market in 2018. Nanoclay composites are extensively used in the food & beverages packaging industry as they offer good amount of barrier properties over other materials. Carbon nanotubes also account for a considerable amount of share in the polymer nanocomposites market. Multiwalled carbon nanotubes are widely used in the packaging, automotive and electrical & electronics industries.
 

Market, By End-user

The major end-user industries in the global market are automotive & aerospace, electrical & electronics, packaging, biomedical, paints & coatings and others. Automotive & aerospace is the largest end-user industry segment accounting for majority of the share in overall polymer nanocomposites market in 2018. Rising product usage in automotive parts such as connectors & fuel line parts, bumpers, structural parts, etc. will augment the polymer nanocomposite industry demand in the upcoming years. Biomedical sector also utilizes the product for a variety of applications including drug delivery, tissue engineering, dental application, bone replacement, etc.
 

Market, By Region

North America held more than 35% of the share in the global polymer nanocomposites market owing to the region’s large spending in the nanotechnology field. Increasing product demand from the packaging sector is key reason behind the region’s growth. Growing nanomaterials demand will further enhance the growth of the market in the coming years.
 

Asia Pacific is likely to grow by a CAGR of 20% over the study period. This is due to growing nanomaterial-based product demand in the region. Major countries including South Korea and Japan are investing significant amount towards development of nanomaterials which is likely to drive the polymer nanocomposites market value in the region.
 

Competitive Market Share

Key players in the polymer nanocomposites industry include Arkema, RTP Company, Nanocyl SA, Unitika, Evonik, Minerals Technologies, Hybrid Plastics, Nylon Corporation of America, 3M, Ad-Nano Technologies, Nanophase Technologies Corporation, Nanoshel, etc.
 

These companies are investing to build infrastructure for carrying out research and development activities. Other strategies adopted by various players include strategic partnerships, expansion of production capacity, technical innovation, etc.
 

Industry Background

These products are made of dispersed nanomaterials into resin matrix that enhances properties of the synthetic plastics. They have been widely used in various industries in recent years. The product can be replaced with metal parts in many applications of automotive & aerospace industry. Increasing research & development activities related to nanotechnology will positively affect the polymer nanocomposites market growth in coming years.
 

Polymer Nanocomposites market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2014 to 2025, for the following segments:

By Polymer

  • Epoxy Resin
  • Polyamide
  • Polyethylene
  • Polypropylene
  • Others

By Nanomaterials

  • Nanoclays
    • Automotive & Aerospace
    • Electrical & Electronics
    • Packaging
    • Biomedical
    • Paints & Coatings
    • Others
  • Carbon Nanotubes
    • Automotive & Aerospace
    • Electrical & Electronics
    • Packaging
    • Biomedical
    • Paints & Coatings
    • Others
  • Nanofibers
    • Automotive & Aerospace
    • Electrical & Electronics
    • Packaging
    • Biomedical
    • Paints & Coatings
    • Others
  • Nano-oxides
    • Automotive & Aerospace
    • Electrical & Electronics
    • Packaging
    • Biomedical
    • Paints & Coatings
    • Others
  • Others
    • Automotive & Aerospace
    • Electrical & Electronics
    • Packaging
    • Biomedical
    • Paints & Coatings
    • Others

By Application

  • Automotive & Aerospace
  • Electrical & Electronics
  • Packaging
  • Biomedical
  • Paints & Coatings
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • The Nordic Countries
    • Russia
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Singapore
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Israel

 

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the polymer nanocomposites business is supposed to attain $31 billion by 2025.
Increasing product demand in packaging and automotive industry, rising research and development activities related to nanotechnology across the world, and superior product characteristics compared to synthetic polymers are the major factors expected to drive the growth of global market.
Arkema, RTP Company, Nanocyl SA, Unitika Ltd, Evonik Industries, Mineral Technology, Inc., Hybrid Plastics, Inc., Nylon Corporation of America, Inc, 3M, Ad-Nano Technologies Private Limited, Nanophase Technologies Corporation, Nanoshel are some of the top contributors in the industry.
The polyamide-based nanocomposites segment registered the highest market share in 2018 and is projected to record a remarkable growth rate throughout the forecast period.

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Premium Report Details

  • Published Date: Jul 2019
  • Pages: 265
  • Tables: 441
  • Charts / Figures: 21
  • Companies covered: 12
  • Countries covered: 19

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