Nanoclay Market 2015 Share, Trend, Segmentation and Forecast to 2023

Unique Properties of Nanoclay Make it Preferred Choice of Material in End User Industries

The unique properties of nanoclay such as chemical resistance, thermal stability, mechanical strength, and improved clarity have made it a preferred material in industries such as automotive, pharmaceuticals, and coatings amongst others, reports Transparency Market Research.

The global nanoclay market is expected to have an opportunity worth US$3,369.3 mn by 2023 as compared to US$1,222.0 mn in 2014 due to commercialization of nanoclay-reinforced polymers and their growing demand in nanocomposites, which is likely to reduce the price of the final products in the overall market. The market is expected to expand at a CAGR of 12.0% between 2015 and 2023.

The booming manufacturing activities in Europe and Asia Pacific are likely to offer lucrative growth opportunities to the global nanoclay market. The low cost of labor and affordable production costs are encouraging manufacturers to set up bases in Asia Pacific, thus boosting the demand for nanoclay in this region. Rapid urbanization, which has skyrocketed the construction activities in Asia Pacific has also triggered a demand for nanoclay in the past few years. End users are generously using nanoclay as they are known to improve the quality of polymers, which is an important raw material in manufacturing activities.

View Report @ http://www.transparencymarketresearch.com/nanoclays-market.html

Smectite Emerges as Leading Product Segment

The types of nanoclays available in the market are kaolinite, smectite, and others such as illite and vermiculite. Out of these, the smectite product segment is expected to grow at the fastest CAGR of 12.4% between 2015 and 2023. These are primarily used as clay barriers in chemical and nuclear wastes for their abilities such as long-term structural ability, low permeability, and cation-exchange capabilities. Montmorillonite is the most widely used nanoclay in polymer nanocomposites.

Packaging Segment Grows as It Utilizes Nanoclay Extensively to Maintain Moisture Stability

Amongst the end user industries, the food packaging industry uses nanoclays to a great degree due to their incredible strength, barrier properties, durability, and moisture stability. Nanoclays that contain montmorillonite are gaining immense popularity in the plastic packaging area due to their peculiar properties. Citing these reasons, the packing segment of the overall market will expand at a CAGR of 12.7% during the forecast period.

Get accurate market forecast and analysis on the Nanoclay Market Request a sample to stay abreast on the key trends impacting this market.

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2537

North America Leads Global Demand for Nanoclay as Automotive Industry Flourishes

North America was the leading regional segment in the global nanoclay market. During the forecast period, it is expected to expand at a CAGR of 12.9%. The demand of nanoclays in North America is dominated by the automotive segment, while the packaging industry also makes a significant mark by being the leading consumer.

Analysts predict that the growth of the nanoclay market in Asia Pacific is also expected to be the fastest in the coming years due to burgeoning automotive and packaging industries in China. This region will also progress due to rampant urbanization and demand for nanoclays in the easing the pressure of migration to urban areas through construction and related activities.

The leading players in the global nanoclay market are Kunimine Industries Co. Ltd, UBE Industries, Mineral Technologies Inc., Elementis Specialties Inc, RTP Co., and Techmer PM. Extensive research and development activities and focus on product innovation are expected to be key strategies for companies to acquire larger market shares in the coming years.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Designed by CyFocus.com
Powered by CyFocus.net