Strong Demand for Nanoclays Expected from Automotive and Defense Sectors : Tmr

Transparency Market

Research

Nanoclay Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

Published Date

05-Oct-2015

171 Page Report

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Demand for Nanoclay Shifts to High Gear with Rising Need in

Automotive Sector, finds TMR

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Nanoclay Market

REPORT DESCRIPTION

Nanoclay Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Nanoclays are high in demand as they are extensively used for the reinforcement of liquid silicone rubbers,

polymer films, fibers, non-woven materials in polymer nanocomposites, and hybrid phenolic friction

composites. The need for nanoclays is expected to rise as there is a huge demand for light weight vehicles and

nanoclay-reinforced polymers help in the reduction of weight in vehicles. In addition to this, they also help in

improving the engine efficiency and lowering harmful emissions. Moreover, customers demand low cost and

nanoclays are comparatively cheaper than other nanomaterials, thus boosting their market. According to a

report published by Transparency Market Research, the global nanoclay market is expected to rise from

US$1,222.0 mn in 2014 to US$3,369.3 mn by 2023, expanding at a 12% CAGR between 2014 and 2023.

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Q. What are the difficulties faced by players in the global nanoclay market?

To operate in the nanoclay industry requires intensive capital and high-end patented technologies. These two

factors are acting as barriers for new entrants wishing to enter the nanoclay market. In addition to this,

companies need to constantly invest large amounts for research and development activities, in order to sustain

in the global...