The Infinium Global Research analyzes the Nanoclay Reinforcement Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global nanoclay reinforcement market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of nanoclay reinforcement. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the nanoclay reinforcement market during the period. The global nanoclay reinforcement market is projected to grow at a CAGR of 24.42% over the forecast period of 2019-2025.
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The nanoclay reinforcement market is comparatively new and it is highly fragmented in nature. The key players in the market including BYK Chemie GmbH, Nanophase Technologies Corporation, Minerals Technologies Inc., 3M Company, Ultramet, Inc., and others are focusing on vertical integration of the companies to assure the proper supply of the raw materials. In 2013, BYK Chemie GmbH acquired Southern Clay Products, Inc. to expand its business activities in the nanoclay reinforcement market.
Increasing Demand for Reinforced Plastics from Various End-Users is Supporting the Demand for Nanoclay Reinforced Plastics
The superior mechanical properties of nanoclay including toughness, dimensional stability, thermal resistance, chemical resistance, and flexibility are expanding the growth of the nanoclay reinforcement market. Furthermore, the increasing demand for reinforced plastics from various end-users is supporting the demand for nanoclay reinforced plastics. However, the high concentration of suppliers is the major restraining factor for the growth of the nanoclay reinforcement market. Nevertheless, the growing R&D activities in the field of nanotechnology is expected to offer lucrative opportunities for the key players in the nanoclay reinforcement market.
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Segments in the Nanoclay Reinforcement Market
The nanoclay reinforcement market is segmented based on application and end-user. The applications of nanoclay reinforcement are classified into packaging, coating, and other applications. The packaging segment held the largest market share among the application owing to its high barrier properties and growing demand for low cost, and flexible packaging. The end-users for the nanoclay reinforcement are categorized into automotive, construction, electronics, aerospace & defense and other end users. The automotive segment among the end-users dominated the market owing to increasing demand for lightweight and tough components.
North America Held the Highest Market Share, Dominating the Global Nanoclay Reinforcement Market
Regionally, North America held the highest market share, dominating the global nanoclay reinforcement market. The dominance of the North America market attributed to the high demand for nanotechnology and increasing funding from the government for research and development of nanotechnology. While the Asia Pacific region registered the highest growth rate for nanoclay reinforcement market owing to increasing demand for nanocomposites in several end-use industries.
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- Comprehensive analysis of global as well as regional markets of the Nanoclay Reinforcement.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.