Analysis of COVID-19 Crisis-driven Growth Opportunities in Nanoclays Market
The global nanoclay market is the focus of study of a recent market research report published by Transparency Market Research. The report projects healthy growth prospects for the market and states that the market will expand at a 12.0% CAGR between 2015 and 2023. At this pace, the market, which had a valuation of US$1.22 bn in 2014, will rise to US$3.37 bn by 2023.The report is titled “Nanoclay Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023” and is available on the company’s website for sale.
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Nanoclays, which are mineral silicate nanoparticles, find application in a number of industries such as packaging, automotive, flame retardants, marine, and aerospace across a large number of application areas.The report states that the rising demand for nanoclay-based reinforced polymers, which lead to reduction in the weight of vehicles, in the automotive industry is the key factor that will drive the global nanoclay market over the report’s forecast period. Rising demand for nanoclay in a variety of industries in emerging markets in Asia Pacific and Eastern Europe is also expected to propel the global nanoclay market over the report’s forecast period.
However, the capital-intensive nature of the market is restricting the entry of new market players and is thus hindering the overall growth of the market to a certain extent. Nonetheless, the market features a rise in investment for research and development activities owing to the vast potential for the use of nanoclays in medical, agricultural, and other novel industrial applications. This is expected to lead to numerous growth avenues for the market over the report’s forecast period.The report segments the global nanoclay market on the basis of three criteria: product type, end use, and geography.
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The report gives an overview of the competitive landscape of the global nanoclay market with the help of detailed business profiles, a SWOT analysis, and details regarding the financial and business strategies of some of the key companies in the market, and recent developments observed in the market in the past few years. Some of the key companies in the market are Kunimine Industries Co. Ltd, Elementis Specialties Inc, UBE Industries, Mineral Technologies Inc., Techmer PM, and RTP Co.
This report segments the global nanoclay market as follows:
Nanoclay Market – Product Segment Analysis
- Kaolinite
- Smectite
- Others (Including vermiculite, illite, etc.)
Nanoclay Market – End-user Analysis
- Packaging
- Flame retardants
- Automotive
- Paints & coatings
- Others
About AS :
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
