Polymer Nanocomposites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Polymer Nanocomposites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global polymer nanocomposites market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.1 Billion by 2028, exhibiting a growth rate (CAGR) of 15.2% during 2023-2028.

Polymer nanocomposites, or PNCs, refer to composite materials comprising polymers or copolymers with nanoparticles or nanofillers dispersed in the polymer matrix. They are lightweight and compact materials that exhibit unique tensile strength, excellent electrical conductivity, thermal stability, and resistance to corrosion, water and chemicals. PNCs are widely used in the electronics industry to fabricate semiconductors, and in the aerospace industry for manufacturing laminates, anti-lightning and anti-radar protectors and sandwich structures. They also find extensive applications in food packaging materials to retain flavor in various foods and beverages. In recent years, PNC has gained traction as an alternative to its traditional counterparts due to its superior characteristics and performance benefits.

Polymer Nanocomposites Market Trends:
The increasing product applications across numerous end use industries represent the primary factors driving the market growth. For instance, PNC is extensively utilized in the automotive sector for manufacturing lightweight automobile parts, such as suspension and braking systems, exhaust systems, catalytic converters and tires, to enhance overall performance, reduce vehicle weight, and minimize carbon emissions. This, in confluence with the implementation of stringent government regulations regarding automotive emission, is augmenting the product demand. Additionally, the widespread adoption of PNC in the production of electromagnetic shielding, sensors, electrically conductive fabrics, ballistic and corrosion protection, and fire retardation in the defense sector is propelling the market growth. Besides this, the growing utilization of carbon nanotubes (CNT) tiles for power generation and CNT conductors for reducing transmission losses is accelerating the product adoption rate. Furthermore, the emerging biomedical applications of PNC in tissue engineering, bone reconstruction, biological imaging, nanomedicine, cell tracking, and magnetic bioseparation are catalyzing the market growth. Other factors, including ongoing research and development activities in nanotechnology, favorable government policies, surging sales of consumer electronics, and rising automobile production, are also creating a positive market outlook.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polymer nanocomposites market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on nanomaterial type, polymer type and application.

Breakup by Nanomaterial Type:

Carbon Nanotubes
Nanoclays
Nanofibers
Nano-oxides
Others

Breakup by Polymer Type:

Thermoplastics
Thermosetting

Breakup by Application:

Automotive
Construction
Electrical and Electronics
Packaging
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., Evonik Industries AG, Foster Corporation (PolyMedex Discovery Group), Inframat Corporation (Nano Group Inc.), Minerals Technologies Inc., Nanocyl SA, Nanophase Technologies Corporation, Powdermet Inc, RTP Company Inc. (Miller Waste Mills Inc.), Showa Denko K. K. and Unitika Ltd.

Key Questions Answered in This Report:
How has the global polymer nanocomposites market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global polymer nanocomposites market?
What are the key regional markets?
What is the breakup of the market based on the nanomaterial type?
What is the breakup of the market based on the polymer type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global polymer nanocomposites market and who are the key players?
What is the degree of competition in the industry?