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Polymer nanocomposites market worth $5,100 million by 2020 according to new research report

Materials & Chemicals Research

The global Polymer Nanocomposites market report contains all analytical and statistical explanation about market overview, growth, demand and forecast research. This Polymer Nanocomposites industry report offers some penetrating overview and solution in the complex world of Polymer Nanocomposites industry.

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The report " Polymer Nanocomposites Market by Type (Nanoclay, Carbon Nanotube, Graphene, Metal-Oxide, Nanofiber and others), By Applications, and By Region - Global Trends and Forecasts to 2020” , defines and segments the polymer nanocomposites market with an analysis and forecast of the volumes and values of types such as nanoclay, carbon nanotube,metal-oxide, nanofiber and others individually. Along with this, the volume & value of materials by applications such as packaging, electronics, automotive, aerospace and others are also discussed.

It also identifies the driving and restraining factors for the polymer nanocomposites market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and the volume & value have been forecasted on the basis of major regions such as North America, Asia-Pacific, Europe, and Rest of the World (RoW).

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This report also includes the leading manufacturers’ profiles such as BYK Additives (Germany), 3D System (U.S.), Foster Corporation (U.S.), Industrial Nanotech (U.S.), Hybrid Plastics Inc. (U.S.), Inframat Corporation (U.K.), InMat Inc.

(U.S.), Nanocor Incorporated (U.S.) and others.

Increase in demand of polymer nanocomposites from Automotive IndustryThe demand of light weight automotive parts has given an edge to polymer nanocomposites due to its high strength and light weight properties. The use of polymer nanocomposites enabled automotive parts reduction in light weight vehicles, improved engine efficiency, reduction in CO2 emissions and superior performance.

The automotive industry can benefit from polymer nanocomposites in several applications such as powertrain, suspension and breaking systems, exhaust systems and catalytic converters, lubrication, tires and body parts.

Global polymer nanocomposites market to reach above $5,100 million by 2020 - The market for polymer nanocomposites in terms of value is expected to reach above $5,100 million by 2020, growing at a significant CAGR from 2014 to 2019. The Asia-Pacific region dominated the polymer nanocomposites market in terms of values in 2013 and it is expected to grow at a higher CAGR, from 2014 to 2020.

Large packaging industry and increasing automotive and aerospace industry in Asia-Pacific region helped it to dominate the global market. The electrical & electronics market in Eastern Asian market, driving the polymer nanocomposites application market.

Europe & Asia-Pacific accounted for more than 60% share in the polymer nanocomposites market in terms of value in 2013- Asia-Pacific is the prime consumer of polymer nanocomposites globally followed by Europe. Europe and Asia-Pacific together accounted for more than 60% of the polymer nanocomposites in terms of value in 2013.

Asia-Pacific is expected to grow at a highest CAGR and secure its leading market position by 2020, with developing new application areas in electrical & electronics and automotive market. In Europe the use of polymer nanocomposites continues to increase in automotive industries to replace the other conventional composites that reduces the weight of vehicles and increases the mileage.

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