Global polymer nanocomposite market is expected to grow substantially over the forecast period owing to the increasing demand from the automotive sector. The market is classified based on product type including nanoclay, graphene, carbon nanotube, metal oxide, inorganic particle reinforced composites and nanofiber. The polymer nanocomposite market is predicted to witness significant growth owing to its increasing demand from various applications including aerospace engineering, electronics & semiconductors, defense, construction, energy, packaging and food & beverage. The consumption of nanocomposites is expected to rise pertaining to the higher strength, better electrical conductivity and light weight properties offered by these resulting in reduced carbon emissions and superior performance. Booming aerospace industry is further expected to augment growth on account of increasing use of composite materials in the fuselage of an aircraft. Moreover, rising investments and technological advancements in defense and aerospace sector is expected to spur demand over the next seven years. In addition, strict government and environmental regulations related to automotive emissions is expected to propel the polymer nanocomposite market over the forecast period. Furthermore, increasing demand for packaged food coupled with rapid development in the construction industry is predicted to surge market demand over the projected period. North America is expected to contribute significantly towards market growth owing to the rapid development in the aerospace and energy sector. Moreover, rising consumption of packaged food is further predicted to augment market demand over the next seven years. Asia Pacific is predicted to grow substantially on account of swift growth in the automotive and electronics industry particularly in China and India. Urbanization and industrialization in this region is further expected to impact the consumption positively over the projected period. Europe is predicted to impact market growth owing to increasing concerns over health which is likely to increase the consumption of polymer nanocomposites in food & beverage and packaging industry. Moreover, growing automotive industry in Germany, Sweden, and Italy is predicted to spur the consumption over the next seven years. Latin America and MEA is likely to contribute towards demand owing to increasing demand from energy and packaging sector.
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Global key players include Foster Corporation, 3D System, Industrial Nanotech, Inframat Corporation, Hybrid Plastics Inc., In Mat Inc., Nanocor Incorporated, Aveka, Inc., Crown Plastics Co., Inc., SiM Composites, Nanotech Industrial, NanoLab, Inc., NanoMate Fastener, and Noble Polymers LLC.
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