Press release -
Global Polymer Nanocomposites Market 2015-2019
In spite of their high cost, the use of polymer nanocomposites has gained significant market traction in industries such as automobiles, where mechanical properties, low weight, and the ability to withstand high loads are major factors. Market research analysts predict the global polymer nanocomposites market to grow at a CAGR of more than 24% until 2019.
The market is witnessing the introduction of innovative bio-based nanocomposites that are expected to contribute to its sustainability. However, the market growth is likely to be restricted by factors such as the high R&D cost for vendors and the high deployment costs for end-users
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Market segmentation of the global polymer nanocomposites market by product type
Market segmentation of the global polymer nanocomposites market by application
However, as traditional plastics are not degradable and pollute the environment, the market is witnessing a growing demand for biodegradable and environment friendly plastics. It has resulted in an increasing use of nanocomposites to manufacture various biodegradable polymers in the food and beverage segment.
Geographical segmentation of the global polymer nanocomposites market
Competitive market landscape for polymer nanocomposites
India poses a key market opportunity for the vendors in this market.
Other prominent vendors in this market include AVEKA, Crown Poly, Crown Manufacturing, NaturalNano, Noble Polymers, Nanocor, Nanolab Technologies, Nanmat Technology, Nanotech Industrial Solutions, Parabon NanoLabs, and SiM Composites.
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Key questions answered in the report
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Topics
- Chemical industry
Categories
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