Nanoclay Reinforcement Market Growth Prospects, Size, Regional Analysis and Forecast 2027
The global Nanoclay Reinforcement Market is forecasted to grow at a rate of 23.3% CAGR from USD 2.66 billion in 2019 to USD 13.12 billion in 2027. The application of Nanoclay in the reinforcement of polymer-based composites has attracted a lot of attention from the industrial sectors. The addition of tiny amounts of nanoclay essentially enhances the mechanical properties of pristine polymers.
Nanoclay reinforcements are extensively used in various applications for the augmentation of electrical, mechanical, and thermal properties. This includes medium density fiberboard, hybrid phenolic friction composites, fibers, polymer films, nonwovens, liquid silicone, rubber, and other composite materials. MDF is a wood-based composite used popularly in the furniture industry.
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Top Players in the Global Nanoclay Reinforcement Market:
Nanocor Incorporated, BYK Additives, Nanophase Technologies, 3M ESPE, Laviosa Chimic Mineraria Spa, Powdermet, Inframat Corporation, Hybrid Plastics, Axson Technologies SA, and Zyvex Technologies.
Nanoclay reinforcement has found an application base across various end-use industries, including cable inks, adhesives, coatings, automotive, and pharmaceuticals. Increasing product owing to their superior characteristics like stiffness, dimensional stability, toughness, thermal resistance, enhanced barrier properties, flexibility at high temperatures, and chemical resistance is likely to propel industry growth. The low manufacturing cost and ease of availability of these materials have prompted plastic manufacturers to increase the consumption of these materials.
The Asia Pacific is projected to be the fastest-growing region for nanoclay reinforcements over the forecasted period. North America is the largest market shareholder, followed by Europe. The government initiatives across the globe to support various investments for research & development of nanotechnology are anticipated to boost growth for nanoclay reinforcement materials.
Nanoclay Reinforcement Market segmentation:
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Automotive parts
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Electronic components & appliances
- Military & defense
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Asia Pacific
- Latin America
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