Advanced Polymer Nanocomposites Market: Global Industry Research Report 2020-2028

Advanced Polymer Nanocomposites Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 203

Status: Upcoming

Report Code: EMR100254

Advanced polymer nanocomposites are produced by using two key components which are matrix related to polymers as well as the reinforced fiber materials. Production of advanced polymer nanocomposite materials include a wide number of synthetic, man-made and artificial fibers including aramid and carbon as well as other glass and polymer based resins such as phenol, epoxy, poly acrylic and polyester. In addition to this, advanced polymer nanocomposite materials find a vast number of applications in various end use industries especially in the automotive, aerospace, aviation, marine and energy applications. Polymer composite materials are showing tremendous growth and are coming out as significantly lucrative substitutes of materials and metals such as aluminum, titanium and steel especially in aircraft components such as turbine blades and chemical reaction vessels since composite materials helps in yielding relatively more lighter weight of end products as well as offer relatively better resistance to other chemical reactions such as corrosion.
Increase in demand for light weight vehicles as well as rising demand for relatively more larger aircrafts is one of the key factors projected to drive the overall demand for advanced polymer nano composites thus driving the global market during the forecast period. In addition to this, glass fiber materials and composites account for the highest share in the global advanced polymer nano composites market. Moreover, huge demands for commercial aircrafts along with increasing rise in cost prospects of aircraft fuel are some other major aspects projected to drive the global demand for advanced polymer nano composites over the next few years. Furthermore, rising demand for non-traditional sources of energy including wind energy and hydro energy are further projected to fuel the overall demand for glass fibers to a considerable rate during the forecast period.

The global advanced polymer nano composites market can be categorized based on fiber type, product type, application, raw material and geography. By product type, the global advanced polymer nanocomposite market can be categorized into nanoclay, metal oxide, nanofiber, graphene, carbon nanotubes, others and recycled paper. Based on fiber type, the global advanced polymer nanocomposites market can be bifurcated into thermoplastics and thermosetting. Based on application, the global advanced polymer nanocomposites market can be categorized into aerospace, automotive, marine, defense, coatings, energy, electronics and semiconductor, sports, healthcare and others. Based on raw material, the global advanced polymer nanocomposites market can be divided into fibers and resins. Resins segment can be further subcategorized into polyester resin, epoxy resin, phenolic resin and others. Fibers segment can be further subcategorized into aramid, carbon others and glass. Based on geography the global advanced polymer Nano composites market can be segmented into Latin America, North America, Middle East & Africa, Europe and Asia Pacific.. The robust demand especially in the Asia Pacific region is expected to be one of the key driving factors for the overall growth of the global market .Furthermore, China is further projected to account for the highest share in the global market and is expected to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and rising urbanization during the past few years. The markets in various other developing economies such as Brazil, Indonesia, Russia, Argentina, New Zealand, India and Korea among others are also predictable to witness a rapid growth throughout the forecast period. In addition to this, increasing per capita disposable income and surge in the global economy is one of the key factor which is expected.

Key players operating in the global market are engaged on some of the major market strategies such as mergers, partnerships, collaborations and acquisitions in order to keep hold in the ever competitive global market. Furthermore, they are focusing on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Key players involved in the manufacture and supply of advanced polymer nanocomposites market include Du Pont De Nemours Company, Owens Corning, Toray Industries, Mitsubishi Rayon, Alcoa Inc., PPG Industries, Hexcel, Kemrock Industries and Exports, TPI Composites and Cytec Inc. among others.

The global advanced polymer nano composites market can be segmented by:
By product type:
• Nanoclay,
• Metal oxide
• Nanofiber
• Graphene
• Carbon nanotubes
• Recycled paper
• Others

By Fiber type:
• Thermoplastics
• Thermosetting

Market By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
• Latin America
o Brazil
o Chile
o Rest of Latin America
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA

The Leading Key Players in Advanced Polymer Nanocomposites Market

Du Pont De Nemours Company
Owens Corning
Toray Industries
Mitsubishi Rayon
Alcoa Inc.
PPG Industries
Hexcel
Kemrock Industries
Exports
TPI Composites
Cytec Inc.