Albany, NY -- (SBWIRE) -- 12/15/2015 -- The recent years have witnessed a dramatic increase in the interest in nanoclay. This, consequently, has also attracted a hitherto unseen number of investments in developing nanoclay reinforced composites. With millions of dollars' worth of investments being channeled into the global nanoclay reinforcement market, there are several new applications emerging. This circle of innovation and the commercial-scale application of these innovations is steering the global nanoclay reinforcement market toward a new high. Transparency Market Research, a company that offers market research and consulting services to clients worldwide, expects the global nanoclay reinforcement market to breach the US$3 bn mark by the end of this decade.

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Growing Application Base Drives Growth of Global Nanoclay Reinforcement Market

Over the recent past, studies have shown that the addition of even seemingly small amounts of nanoclay to polymer-based composites can lead to a noticeable improvement in the latter's mechanical, electrical, and thermal properties. The enhancement of the physical properties of composites can then enable their use in previously unimaginable application areas.

Currently, the use of nanoclay reinforcements is primarily seen in various kinds of fibers, liquid silicone rubber, nonwoven materials, and a variety of other composite materials. Such materials typically find uses in applications ranging from automotive chassis to adhesives and cable inks to coatings of a wide variety. These wide-ranging uses of nanoclay are expected to make the nanoclay market the most attractive in the overall nanotechnology industry.

The demand for reinforced plastics is only growing in industries such as automotive, aerospace, construction, and electronics. The more the degree of innovation adopted by plastic manufacturing companies, the greater will the opportunities be for companies in the global nanoclay reinforcement market.

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North America Nanoclay Market Largest, New Opportunities Emerging in Europe and Asia Pacific

A combination of factors has put North America at the forefront of the nanoclay reinforcement market. The presence of a number of innovative market players, for one, has ensured that new developments in nanoclay reinforcement are a continual process. To support this, government regulations have compelled companies to find new ways to develop materials that are lighter yet stronger. The emphasis on using lighter materials results from their ability to help reduce carbon emissions, especially during transportation.

At the same time, the nanoclay reinforcement market in Asia Pacific and Europe is also showing rapid growth – a trend that will continue to be seen over the coming years. In APAC, particularly, governments are encouraging materials manufacturers to set up facilities. This will prompt several global players in the plastics and composites market to invest in countries such as China, India, Malaysia, and Indonesia. In Asia Pacific, the furniture industry has been on an upswing propelled by the resurgent construction sector and an increasing in consumers' spending power. The use of medium density fiberboard (a key application area of nanoclay-based reinforcement materials) will thus aid the growth of the global nanoclay reinforcement market.

While fresh investments will be the key characteristic of growth markets, the traditional markets of the west will see the emergence of bio-based nanoclay reinforcements. New-generation nanoclay-based reinforcements will include such materials as soy-based unsaturated polyesters.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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