Albany, NY -- (SBWIRE) -- 04/19/2019 -- Global Polymer Nanocomposites Market: Dynamics
Polymer nanocomposites outperform to its application in energy storage system & sensors such as nanowires, non-linear cathodes and many others due to their nanometer sizes of inorganic fillers. The polymer nanocomposites exhibit improved properties when compared to traditional composites from pure polymers. Enhanced properties such as chemical resistance, electrical conductivity, surface appearance, thermal stability and heat distortion temperature are some of the factors which are potential for the growth of polymer nanocomposites market.
Polymer nanocomposites are widely used in automotive industry for its application in tyres, engine cover, trimming belt cover, inverter cover and many others. Use of polymer nanocomposites for various components of automobile improves mechanical properties such as strength, weight reduction and toughness which are also some vital factor driving the global polymer nanocomposites market. Coating with polymer nanocomposites is found to be great barriers to reduced oxygen and moisture transmission for several packed products.
The unique structure of polymer nanocomposites enhances & increases the magnetization, charge capacity and heat resistance and decreased flammability in its product which are factors that support the growth of global polymer nanocomposites market. Application of polymer nanocomposites in electro catalyst in batteries for energy saving, reduced abrasion, and wear of products are another potential factors that boost the global polymer nanocomposites market
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Global Polymer Nanocomposites Market: Region Wise Outlook
The global polymer nanocomposites market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). North America in the polymer nanocomposites holds a dominant share in the global market. Adoption of polymer nanocomposites in the defense industry for light weight body armor has shown a great potential for combat survivability in the region.
North America is followed by Western Europe to hold a dominant share in the global polymer nanocomposites market. Automobile manufactures play a vital role in the growth of polymer nanocomposites market due to its increased application in the vehicles. The developed regions of North America and Western Europe for polymer nanocomposites market are anticipated to grow at healthy CAGR during the forecast period.
APEJ is estimated to exhibit a relatively high CAGR in terms of value during the forecast period of global polymer nanocomposites market. The application of polymer nanocomposites in defense and the automotive industry are some of the area which are expected to boost the region's growth in the forecasted period
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Global Polymer Nanocomposites Market: Prominent Players
Few of the prominent players in the Polymer Nanocomposites Market are as follows
Sigma-Aldrich Co. LLC.
Hybrid Plastics Inc.
Industrial Nanotech, Inc.