Polymer Nanocomposites Market

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Polymer Nanocomposites Market Share, Size,
Growth and Forecast 2028
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Global Market Scenario of Polymer Nanocomposites
Industry
Polymer Nanocomposites Market Size is likely to
exceed USD 26.5 billion by 2028. The rising
packaging sector across the globe due to the
growing food beverage industry will spur
industry growth between 2022 and 2028.
Additionally, emerging applications of polymer
nanocomposites in the biomedical sector are
expected to offer new growth opportunities to the
industry in the coming years. Some of the major
findings in the Polymer Nanocomposites Market
report include The polyethylene segment
accounted for the largest share in the global
polymer nanocomposites industry. The segment is
projected to grow at a CAGR of over 19.5 from
2022 2028. The nanofiber segment will hold
significant share owing to the rising usage of
the product in the field of the biomedical
industry for a variety of applications including
drug delivery, tissue replacement, etc.
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Major industry players are focused on expanding
their product portfolio and strategic alliances,
such as acquisitions, collaborations, and
partnerships joint ventures, to hold a market
share in the industry. The market is moderately
fragmented with presence of large small
players, and new entrants face a medium to high
barrier to entry due to the high capital
investments required. Growing research
development activities in emerging countries will
accelerate the overall polymer nanocomposites
market growth. Major countries involved in the
research development of nanotechnology,
including the U.S., China, Japan, India, South
Korea, Germany, France, and the UK, are likely to
have a demand for polymer nanocomposites in the
upcoming years. The polyethylene segment is
anticipated to reach around USD 10 billion by
2028 in polymer nanocomposites market.
Polyethylene nanocomposites are used in the
electric electronics industry for power cable
and insulation applications.
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The product is dispersed with nano-oxide
nanomaterials for cable insulations. PE
nanocomposites have shown a significant
improvement in electrical properties compared to
standard polyethylene such as relative
permittivity, electrical conductivity, particle
discharge, electrical breakdown, space charge,
etc. The product is gaining considerable
attention in the research field. The nanofiber
segment will account for around USD 1.5 billion
in 2028. The growing demand for bio-based
nanocomposites will drive the demand for
nanofiber. Recent technological advancements and
the ongoing research related to nanofiber will
increase its usage in the end-user industry.
Polymer nanocomposites are used for a variety of
applications including tissue engineering,
therapeutic devices, drug delivery, etc. In
tissue engineering, the product has gained
attention in bone repair and replacement
applications.
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Competitive Analysis
The Europe polymer nanocomposites market
accounted for a significant share and is likely
to grow at a CAGR of 18. The moderate growth in
the automotive industry will enhance the
consumption of polymer nanocomposites. The region
has a well-established base of major automotive
manufacturers. This will provide an opportunity
for polymer nanocomposites manufacturers in the
near future. Additionally, the increase in
strategic actions by major manufacturers will
boost the demand for the product in the coming
years. For instance, in 2017, Evonik Industries
entered into a strategic agreement with the
National Industrial Solution to develop
lubricants. Major European countries including
Germany and the UK have a well-established base
to conduct research activities related to
nanotechnologies. Key players of the polymer
nanocomposites market include Unitika, 3M,
Nanophase Technologies Corporation, Hybrid
Plastics, Nanoshel, and Ad-Nano Technologies, RTP
Company, Nylon Corporation of America, Arkema,
Nanocyl SA, and Evonik, among others.
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