The global Nanoclay Reinforcement Market is forecast to reach USD 13.12 billion by 2027, according to a new report by Reports and Data. Low manufacturing cost and the ease of availability of these materials have prompted plastic manufacturers to increase the utilization of these materials, and hence, this has resulted in continuous market growth during the forecasted period. Nanoclays account for approximately 70% of revenue and are the most consumed nanomaterial commercially.
Thermal stability, mechanical strength, anti-corrosiveness, and Chemical resistance are the properties that make it a preferred material in various end-user sectors. The rising demand for nanocomposites is another factor driving market growth.
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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.
Further key findings from the report suggest
- Military defense accounted for 10.3% of the global nanoclay reinforcement market share, in terms of revenue, in 2019.
- In North America, the nanoclay reinforcement market demand is driven by the surging demand from the packaging and automotive industry.
- Among the application segment of the nanoclay reinforcement market, packaging sector is expected to register the highest CAGR of 23.4% over the forecasted period.
- Among the end-user segment of the nanoclay reinforcement market, the automotive industry is presently leading the market, and it will continue to dominate with an estimate to register an excellent CAGR of 23.4% during the forecasted period.
- Among the regional segment of the nanoclay reinforcement market, North America is presently leading the market with a 34.8% market share of the global revenue. It will continue to dominate with an estimate to register a remarkable CAGR during the forecasted period.
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Nanoclay Reinforcement Market segmentation:
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
- Packaging
- Automotive parts
- Coatings
- Others
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Automotive
- Construction
- Marine
- Electronic components appliances
- Military defense
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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