Polymer Nanocomposite Market Expected to Squeeze out 6.7% CAGR By 2026
According to Acumen Research Polymer Nanocomposite market is projected to reach USD 31.8 Billion by 2026, growing at a CAGR of 6.7% from 2019 to 2026.
The polymer nanocomposites market growth is driven by supportive government regulations for use of nanocomposites in packaging and food and beverage industry, increase in demand for nanocomposites in end-use industries and growing demand enhanced mechanical and physical properties. Moreover, rising demand from growing end-use industries, such as packaging, automotive & transportation, and food and beverage in emerging countries also drives the growth of the global polymer nanocomposites market. The polymer nanocomposites are used in automotive industry to improve the durability of component such as headlamp covers, engine cover, tires, and interior and exterior components.
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Key Takeaway
- Based on application, the packaging segment is expected to lead during the forecast period.
- The carbon nanotubes segment expected to grow at the fastest rate of 18.5% CAGR during the forecast period.
- In 2018, Asia-Pacific dominated the regional market with a maximum market share.
- Europe is expected to hold the highest CAGR in the global market during the forecast period.
Asia-Pacific dominated the global polymer nanocomposites market in the year 2018. The region has experienced the potential growth owing to the presence of polymer nanocomposites companies such as Evonik Industries AG, Nanocyl SA, ZYVEX TECHNOLOGIES, Arkema, and NanoSonic, Inc. are among others. The presence of a large customer base and rising foreign direct investment in manufacturing sector is additionally accelerating the regional market growth. Moreover, technological advancement and increase in the number of applications, alternative to synthetic materials, rising per capita income, increase in mobile and electronic devices production in China, India, and Japan and growing end user industries such as computers, medical devices, and automotive electronics are expected to enhance the market size. This also expected to open investment opportunities in the global market for the manufacturers in the coming years.
The North America region is expected to exhibit a second-largest share in the polymer nanocomposites market. The increasing number of manufacturing plants and increasing use of nanocomposites in the packaging industry in the region rise the demand for nanocomposistes is expected to contribute to market growth. Additionally, growing demand for polymer nanocomposites in various end user applications, increase demand for production and consumption of mobile and electronic devices in this region further expected to further propel the growth of the market. The US has large research and development hub which increases the innovation and development in polymer nanocomposites and growing production of medical devices, and growing manufacturing base of computer and electronic devices propels the market growth. Furthermore, growing demand from electronic device manufacturers, medical device producers, industrial machinery manufacturers, pharmaceutical companies, automotive electronics producers further grows the demand for polymer nanocomposites in the region over the forecast the period.
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Europe is expected to register highest CAGR during the forecast period. The growing electronic device industry, high research and development from polymer nanocomposites manufacturers, several government initiatives to enhance the production of electronic device, and growth in production of pharmaceutical products and medical devices further expected to boosts the demand for polymer nanocomposites in the region during the forecast period. Moreover, the growth of packaging, printing & coating, medical manufacturing industry in key countries such as Germany and the UK are also propelling the growth of polymer nanocomposites in the Europe region.
Nanocomposites have a huge application in the food industry, due to increase in demand for packaged foods, extend the shelf life of packaged food materials, and increase in shelf life of the packaged foods. Rising demand for nanocomposites in end-use industries like construction, automotive, packaging, electronics, and food in emerging countries is the key factors attributed to the market growth. Furthermore, the increasing demand for enhanced physical and mechanical properties in automotive components also expected to fuel the market growth during the forecast period. On the other hand, high costs of nanocomposites and stringent government regulations regarding environment safety is acting as a restraint to this market. However, continuous development in commercializing bio-based nanocomposites and graphene-based nanocomposites and growing applications of nanocomposistes in various end user industries is expected to create major growth opportunities during the forecast period.
Carbon nanotubes segment dominated the polymer nanocomposites market on the basis of product type in the year 2018. The carbon nanotubes segment accounts of the largest share in the market and held for more than 35% of the total market in 2018. The major factors that are driving the growth of this segment are used across the electronics industries across the globe and provide excellent finish gloss, rigid, flexible, and highly conductive. This expected to enhance the dominance of the carbon nanotubes segment in the global market over the forecast period. The manufacturers SHOWA DENKO K.K., Evonik Industries AG, and Nanocyl SA are the mainly investing in the development of carbon nanotubes for the automotive, packaging, electronics & semiconductor, which expected the lead the market in the coming years.
Some of the leading competitors are Industrial Nanotech, Inc., Integran Technologies, and SHOWA DENKO K.K., Evonik Industries AG, Nanocyl SA, ZYVEX TECHNOLOGIES, Arkema, NanoSonic, Inc., UNITIKA LTD, Pixelligent.
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Some of the key observations regarding polymer nanocomposites industry include:
- In April 2018, Evonik Industries AG developed new new line of RESOMER Composite polymers. This new product helps the customer to enhance the durability, flexibility, and high strength of material.
- In March 2017, Evonik Industries AGand Forward Engineering have established the joint venture VESTARO GmbH. The new joint venture focuses on implementation of composite solutions for the industrial mass production of fiber composite components for the automotive industry.
- In March 2016, ZYVEX TECHNOLOGIES developed new product family named ZNT (Zyvex Nanotube Technology). ZNT is a polymer-modified carbon nanotube additive for a wide range of host matrices that include epoxies, elastomers, thermoplastics, and aqueous-based solutions.
Market Segmentation
Market By Product Type
- Carbon Nanotubes
- Metal Oxide
- Nanoclay
- Nanofiber
- Graphene
- Others
Market By Application
- Automotive
- Packaging
- Electronics & Semiconductor
- Aerospace & Defense
- Energy
- Others
Market By Geography
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
- What is the overall structure of the market?
- What was the historical value and what is the forecasted value of the market?
- What are the key product level trends in the market?
- What are the market level trends in the market?
- Which of the market players are leading and what are their key differential strategies to retain their stronghold?
- Which are the most lucrative regions in the market space?
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Polymer Nanocomposites
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Polymer Nanocomposites Market By Application
1.2.2.1. Global Polymer Nanocomposites Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.2.2. Global Polymer Nanocomposites Market Revenue Share By Application in 2018
1.2.2.3. Automotive
1.2.2.4. Packaging
1.2.2.5. Electronics & Semiconductor
1.2.2.6. Aerospace & Defense
1.2.2.7. Energy
1.2.2.8. Others
1.2.3. Polymer Nanocomposites Market By Product Type
1.2.3.1. Global Polymer Nanocomposites Market Revenue and Growth Rate Comparison By Product Type (2015-2026)
1.2.3.2. Global Polymer Nanocomposites Market Revenue Share By Product Type in 2018
1.2.3.3. Carbon Nanotubes
1.2.3.4. Metal Oxide
1.2.3.5. Nanoclay
1.2.3.6. Nanofiber
1.2.3.7. Graphene
1.2.3.8. Others
1.2.4. Polymer Nanocomposites Market by Geography
1.2.4.1. Global Polymer Nanocomposites Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Polymer Nanocomposites Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Polymer Nanocomposites Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Polymer Nanocomposites Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Polymer Nanocomposites Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Polymer Nanocomposites Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Polymer Nanocomposites Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Polymer Nanocomposites Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Polymer Nanocomposites Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Polymer Nanocomposites Major Manufacturers in 2018
CHAPTER 4. POLYMER NANOCOMPOSITES MARKET BY APPLICATION
4.1. Global Polymer Nanocomposites Revenue By Application
4.2. Automotive
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Packaging
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Electronics & Semiconductor
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Aerospace & Defense
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Energy
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.7. Others
4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. POLYMER NANOCOMPOSITES MARKET BY PRODUCT TYPE
5.1. Global Polymer Nanocomposites Revenue By Product Type
5.2. Carbon Nanotubes
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Metal Oxide
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Nanoclay
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Nanofiber
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. Graphene
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.7. Others
5.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA POLYMER NANOCOMPOSITES MARKET BY COUNTRY
6.1. North America Polymer Nanocomposites Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Polymer Nanocomposites Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Polymer Nanocomposites Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
CHAPTER 7. EUROPE POLYMER NANOCOMPOSITES MARKET BY COUNTRY
7.1. Europe Polymer Nanocomposites Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Polymer Nanocomposites Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC POLYMER NANOCOMPOSITES MARKET BY COUNTRY
8.1. Asia-Pacific Polymer Nanocomposites Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Polymer Nanocomposites Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA POLYMER NANOCOMPOSITES MARKET BY COUNTRY
9.1. Latin America Polymer Nanocomposites Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Polymer Nanocomposites Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA POLYMER NANOCOMPOSITES MARKET BY COUNTRY
10.1. Middle East & Africa Polymer Nanocomposites Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East & Africa Polymer Nanocomposites Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Product Type, 2015 - 2026 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Evonik Industries AG
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Nanocyl SA
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. ZYVEX TECHNOLOGIES
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Arkema
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. NanoSonic, Inc.
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. UNITIKA LTD
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. Pixelligent
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Industrial Nanotech, Inc.
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Integran Technologies
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. SHOWA DENKO K.K.
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
11.11. Others
11.11.1. Company Snapshot
11.11.2. Overview
11.11.3. Financial Overview
11.11.4. Product Portfolio
11.11.5. Key Developments
11.11.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
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