Growth in the global polymer nanocomposite market is expected to be driven primarily by the contribution of Asia-Pacific market revenues over the forecast period – The Auto-market 24

Multiphase solid materials having nanometric dimensions in one or more phases incorporated in a polymer matrix are called polymeric nanocomposites (PNCs).

A major growth factor in the global market for polymeric nanocomposites is the increasing adoption of composite polymers. by automotive sector. In addition, the growing demand for bio-sourced nanocomposites is another factor that is expected to drive growth in the global market over the forecast period. The main factors impeding the growth of the global polymer nanocomposite market are the high manufacturing costs and environmental concerns badociated with the use of polymers.

The global market for polymer nanocomposites is segmented by type, application, and region. Based on the type, the global market is segmented into carbon nanotubes, metal oxide, nanofibers, nanoclay, graphene and others. The nanoclay segment is expected to experience the strongest growth over the forecast period.

Based on the application, the global market is segmented into packaging, automotive, electronics and semiconductor, aerospace and defense, coatings, energy and others. The automotive sector accounts for a significant share of global market revenues and the packaging sector is expected to experience considerable growth over the forecast period.

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Based on the region, the market Global is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The North American market is an important part of the global market. The Asia Pacific polymer nanocomposites market is the largest market share in the world and is expected to grow the most over the forecast period. The increasing adoption of polymeric nanocomposites from the electronics and semiconductor and aerospace industries is an important growth factor in the Asia Pacific polymer nanocomposite market.

BYK Additives, Foster Corporation, 3D System Inc., Industrial Nanotech Inc., Hybrid Plastics Inc., Inframat Corporation, InMat Inc., Nanocor Incorporated, Crown Plastics Co., Inc., AVEKA, Inc. and Other important players.

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