A new market study report by Transparency Market Research, titled, “Nanoclay Reinforcement Market - Global Industry Analysis, Size, Share, Trends, and Forecast 2015–2023,” presents a 360-degree overview of the market. It presents the current market trends and structure and makes projections for the years between 2015 and 2023. It uses analytical tools such as Porter’s Five Forces analysis and SWOT analysis to generate insights that would enable players, both new and old, to strategize appropriately.
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Organo-modified montmorillonite (MMT), popularly referred to as “nanoclay,” finds application in the reinforcement of polymer-based composites. The addition of small proportions of nanoclay enhances the mechanical, electrical, and thermal properties of pristine polymers. This includes hybrid phenolic friction composites, liquid silicone rubber, medium density fiberboard (MDF), fibers, nonwovens, polymer films, and other composite materials. Nanoclay reinforcement has found application in a range of industries including coatings, cable inks, adhesives, automotive, and pharmaceuticals.
The TMR report on the nanoclay reinforcement market predicts that nanoclay reinforcements, on account of reduced manufacturing costs and easily procured raw materials, is likely to become a star attraction of the nanotechnology market. It says that the global market for nanoclay reinforcements is projected to witness healthy growth in the next couple of years because of the soaring demand for reinforced plastics in automobiles, electronics, aerospace, and construction. In fact, the demand from companies making plastics has already led the market to new highs.
The report finds that the fast expansion of the furniture industry in Asia Pacific has led to the increased manufacture of MDF over the past couple of years. This trend, it says, is estimated to power the nanoclay reinforcement market during the coming years. Further, the use of nanoclay reinforcement in liquid silicone rubber (LSR) is expected to spike in the near future because of the growing demand for nanoclay-reinforced LSR in medical, electrical, automotive, and aerospace industries. The increasing application of nanoclay in reinforcement of polymer films, fibers, and nonwovens is also anticipated to drive market growth.
Geography-wise, the report segments the global nanoclay reinforcement market into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Among them, North America has emerged as the leading market because of an increasing thrust on research and development in the area by important market players. Europe follows next with Asia Pacific following suit. Both regions are projected to see substantial growth in the coming years due to demand from end-use industries for nanoclay reinforcements. Bio-based nanoclay reinforcements, namely soy-based unsaturated polyesters, which are extremely efficient, will also propel the market.
A few of the big players listed in the report are Southern Clay Products Inc., RTP Company, Nanocor Inc., Crystal Nanoclay Pvt. Ltd., and Nanoshel LLC.
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