Nanoclay Reinforcement Market Research by Type, Applications, Key Players, Region and Forecast 2027

 he rising demand for plastic manufacturing, growth of the automotive sector, combined with the rising demand for electronics, are some of the major factors driving the market growth.

Nanoclay Reinforcement Market Size – USD 2.66 billion in 2019, Growth - CAGR of 23.3%, Trends –Increasing RD in nanotechnology.

The global Nanoclay Reinforcement Market is forecast to reach USD 13.12 billion by 2027, according to a new report by Reports and Data. Low manufacturing cost and the ease of availability of these materials have prompted plastic manufacturers to increase the utilization of these materials, and hence, this has resulted in continuous market growth during the forecasted period. Nanoclays account for approximately 70% of revenue and are the most consumed nanomaterial commercially.

Thermal stability, mechanical strength, anti-corrosiveness, and Chemical resistance are the properties that make it a preferred material in various end-user sectors. The rising demand for nanocomposites is another factor driving market growth.

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.

Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/3213

Top Companies: 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.

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