Nanoclay Reinforcement Market Rising With Growth In New Technology Trends Research By 2022



The global nanoclay reinforcement market size is expected to reach USD 4.38 Billion by 2022, expanding at a CAGR of 23.3%, according to a new report by Grand View Research, Inc. Nanoclay reinforcement market is expected to witness significant market is expected to witness significant growth over the next seven years owing to a growing need for lightweight, portable, durable, high strength and low cost materials in a wide range of applications including automotive, aerospace and marine applications.
Prevalence of favorable government support for use of nanotechnology and increasing production output of nanomaterials is expected to augment market growth in North America and Europe over the forecast period. Low manufacturing & processing cost coupled with abundant availability is expected to drive end use industry demand.
Global nanoclay reinforcement market size was estimated at USD 822.3 million in 2014, and is expected to grow at a CAGR of 23.3% over the forecast period. Increasing product owing to their superior characteristics including toughness, stiffness, dimensional stability, thermal resistance, chemical resistance, enhanced barrier properties and flexibility at high temperatures is expected to propel industry growth.
The ease of availability of these materials and low manufacturing cost has prompted plastic producers to increase consumption of these materials and therefore has resulted in continuous growth over the forecast period. Nanoclays are the most consumed nanomaterial commercially and account for approximately 70% of revenue.
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https://www.grandviewresearch.com/industry-analysis/nanoclay-reinforcement-market/request/rs4
Further key findings from the report suggest:
·         In terms of revenue, use of nanoclay reinforcements in automotive parts is expected to grow at the fastest CAGR of 23.6% from 2015 to 2022. Rising demand on account of material enhancing characteristics including toughness, stiffness, dimensional stability, thermal resistance, chemical resistance, enhanced barrier properties and flexibility at high temperatures is expected to boost growth over the next seven years.
·         Construction was the largest application segment and accounted for over 20% of global volume in 2014. Rising awareness towards incorporating nanoclay reinforced materials for improving efficiency and superior barrier properties is expected to fuel growth.
·         Europe held the second largest share of the savory snacks market in 2014 accounting for 29.0% on account of presence of numerous manufacturers in the region. Favorable regulatory scenario and support from government is expected to drive demand over the forecast period.
·         Nanoclay is being utilized as a drug vehicle in the field of medicine. Its ability to control release of drugs in a better way as compared to other polymer nanocomposites is turning out to be a very important application and is expected to boost growth over the forecast period.
·         Some of the key market players include Nanocor Incorporated, BYK Additives, Laviosa Chimica Mineraria Spa. Key market players have been integration operations in order to ensure a continuous raw material supply as well as low manufacturing cost. 
Asia pacific is expected to be the fastest growing region for nanoclay reinforcements in the next seven years. North America is the largest market followed by Europe. Government initiatives across the world to support various investments for research and development of nanotechnology are expected to boost growth for nanoclay reinforcement materials.
High concentration of suppliers coupled with an integrated value chain is expected to pose high barriers of entry to the new players in the industry. However, government support for research & development for in nanotechnology is expected to encourage the new entrants in the industry over the forecast period.
Rapid growth of construction and furniture industries in emerging sectors of China, India and Brazil has contributed towards rising demand of nanoclay from these sectors. Rising demand for liquid silicone rubber or LSR from various end-use industries including medical, electrical, aerospace and automotive has resulted boosting growth of nanoclay reinforcement.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-nanoclay-reinforcement-market
Grand View Research has segmented the global nanoclay reinforcement market on the basis of application, end-use and region: 
Nanoclay Reinforcement Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·         Packaging
·         Automotive parts
·         Coatings
·         Others
Nanoclay Reinforcement End Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·         Automotive
·         Construction
·         Marine
·         Electronic components & appliances
·         Military & defense
·         Others
Packaging was the largest segment accounting for USD 343.0 million in 2014. Owing to its high barrier properties, it has become an important part of the packaging industry and is used in various food packaging applications. Growing demand for low cost, flexible packaging is expected to stimulate growth over the forecast period.
Coatings are expected to grow at a CAGR of 26.0% from 2015 to 2022, in terms of volume. Rising consumer awareness regarding the benefits of nanoclay reinforced products on account of its various performance enhancing characteristics is expected to promote growth. Regulatory support to increase production output for nanotechnology-based products is likely to play a key role in fuelling growth.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.





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