New York, NY -- (SBWIRE) -- 12/23/2020 -- The nanoclay reinforcement market is set to attain a valuation of USD 13.12 billion by 2027, registering a CAGR of 23.3%, according to the latest report by Reports and Data. The increasing product having superior characteristics like dimensional stability, stiffness, toughness, enhanced barrier properties, chemical resistance and thermal resistance, is likely to propel industry growth. The applications of nanoclay reinforcement are widespread in several industries including automotive, construction, electronic components & appliances, marine and military & defense.

The major drivers of the usage of nanocomposite polymer components in the automotive sector are improved engine efficiency, reduced CO2 emissions, higher performance, and vehicle weight reduction. Moreover, Nanoclay reinforcement provides excellent exfoliation and dispersion, excellent flame retardant synergy, reduced relative heat release, and reduced weight. Increasing research & development in nanotechnology is likely to further boost the global nanoclay reinforcement market demand in automotive parts application.

Here, you can avail sample PDF pages and 30 mins free consultation @ https://www.reportsanddata.com/sample-enquiry-form/3213

Market Drivers

The major driving force for the development of the nanoclay reinforcement market is the rapid urbanization, government initiatives and superior product characteristics. It used in various applications for the augmentation of mechanical, electrical, and thermal properties. The ease of availability of this product, multiple benefits and low manufacturing cost has prompted plastic industrialist to increase the consumption of this product. Increasing investments in research on nanotechnology are the key driving factor for the market growth.

Prominent players analyzed in the report are:

Nanocor Incorporated, BYK Additives, Nanophase Technologies, 3M ESPE, Laviosa Chimica Mineraria Spa, Powdermet, Inframat Corporation, Hybrid Plastics, Axson Technologies SA, and Zyvex Technologies, among others.

For the purpose of this report, Reports and Data have segmented into the nanoclay reinforcement market on the basis of distribution channel, application, end-user, and region:

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Online
Offline

Application Outlook (Revenue, USD Billion; 2017-2027)

Packaging
Automotive parts
Coatings
Others

Any Query or Discount? Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/3213

End-User Outlook (Revenue, USD Billion; 2017-2027)

Automotive
Construction
Marine
Electronic components & appliances
Military & defense
Others

Regional Analysis:

According to reports, the Asia Pacific region is anticipated to be the fastest-growing region in the nanoclay reinforcement market. North America is the largest market shareholder due to government initiatives to the importance of nanotechnology and for the development of nanoparticles. Rapid urbanization is contributing to industry growth in developing economies. The use of polymer nanocomposites continues to create demand in Europe in the automotive industry to replace other traditional composites.

Further key findings from the report suggest:

Military & defense accounted for 10.3% of the global nanoclay reinforcement market share, in terms of revenue, in 2019.
In North America, the nanoclay reinforcement market demand is driven by the surging demand from the packaging and automotive industry.
Among the application segment of the nanoclay reinforcement market, packaging sector is expected to register the highest CAGR of 23.4% over the forecasted period.
Among the end-user segment of the nanoclay reinforcement market, the automotive industry is presently leading the market, and it will continue to dominate with an estimate to register an excellent CAGR of 23.4% during the forecasted period.
Among the regional segment of the nanoclay reinforcement market, North America is presently leading the market with a 34.8% market share of the global revenue. It will continue to dominate with an estimate to register a remarkable CAGR during the forecasted period.

Table of Content:

Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Nanoclay Reinforcement Market Segmentation & Impact Analysis
Chapter 5. Nanoclay Reinforcement Market by Distribution Channel Insights & Trends
Chapter 6. Nanoclay Reinforcement Market by Application Insights & Trends
Chapter 7. Nanoclay Reinforcement Market by End User Insights & Trends
Chapter 8. Nanoclay Reinforcement Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles

To Enquire about This Comprehensive Report, Click here @ https://www.reportsanddata.com/request-customization-form/3213

About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Thank you for reading our report. For further inquiry, please connect with us, and our team will make sure the report is customized according to your requirements.