Global polymer nanocomposites market to register CAGR of 24% by 2019

21-Jan-16

The global polymer nanocomposites market is predicted to grow at a CAGR of more than 24% until 2019, as per Research and Markets. Industrialization and infrastructure development have led to an increase in the consumption of polymer nanocomposites for various specialized products. The presence of developing economies, such as China and India poses a key market opportunity for the vendors in this market. Technical expertise drives expansion of recycled polymer grades at Axion Polymers Axion Polymers’ technical capability in creating tailor-made recycled polymer grades for customers’ product applications is driving expansion for the Manchester-based plastics recycler. Demand is rising, particularly from the construction, drainage, water and horticultural sectors, for sustainably-sourced and competitively-priced high-grade polymers that can be formulated to match customers’ exact specifications. With over 40 years’ of polymer compounding experience between two members of the team alone – Commercial Operations Manager Steve Bell and Product Development Technologist Mark Keenan – fulfilling customers’ technical needs is Axion’s key specialism. Axion’s range of Axpoly high-grade recycled plastics is sourced from their end-of-life vehicle (ELV) recycling facility, the Shredder Waste Advanced Processing Plant (SWAPP) at Trafford Park and refined further at its advanced polymer processing site in Salford. “More manufacturers are recognising the value of using recycled polymers that not only can be modified to suit specific requirements, such as adjusting melt flow, impact resistance and tensile strength, but also are genuinely sustainable,” says Mark. “We are working with a number of new customers, including a building components manufacturer, for whom we have developed polymers with specific characteristics for their respective products. Of course, all customers also benefit from the opportunity to reduce their carbon impact, the cost savings on virgin plastics and reliable, consistent supply.”