Global polymer nanocomposites market to register revenue growth of 10.9% from 2016 to 2022

02-Nov-16

The global polymer nanocomposites market will reach US$11,549 mln, in terms of revenue and 6,014 kilo tons corresponding volume by 2022, registering revenue growth of 10.9% during 2016-2022, ass per Research and Markets. North America held one-third share in the world polymer nanocomposites market in 2015, and is expected to maintain its lead during the forecast period. The dispersion of nanofillers in polymer matrices are known to enhance the physical, mechanical, and barriers properties of the material. These enhanced properties make them more beneficial for use in industrial sectors such as construction, packaging, electrical & electronics among several others.

Increasing use of polymer nanocomposites in the automotive as well as packaging industry and the stringent government regulations for automotive emissions in several countries such as the U.S., Germany, India, and China is invariably supporting the growth of global polymer nanocomposites market. On the contrary, high cost of processing is dampening the market growth. The growing consumption of graphene and related materials would drive the future growth of the market.