Global Nano polymers Market Size (2024 – 2030)

The Global Nanopolymers Market size is USD 9.97 billion in 2023 and is estimated to grow to USD 31.48 billion by 2030. This market is witnessing a healthy CAGR of 17.85% from 2024 - 2030.

Industry Overview:

Nanopolymers is a composite fabric comprising nanomaterials and polymer matrix. The nanomaterials considered here have to have at least one of the three dimensions in the nanometer range (i.e., 1nm – 100nm). Nanopolymers are manufactured by dispersing nanomaterials into the polymer matrix by using deciding on an appropriate manufacturing process. They are produced via the use of nanomaterials, such as nanoclays, carbon nanotubes, nanofibers, and nano-oxides, and polymers such as epoxy resin, polyamide, polyethylene, and polypropylene.

Nanopolymers are used in a number of industries, such as automobile & aerospace, biomedical, electrical & electronics, packaging, paints & coatings, oil & gas, sports, and marine, due to their most appropriate product characteristics. Nanopolymers have huge benefits over synthetic polymers and composites. These merchandises are used to enhance the key homes of the unique polymer such as enhancement in electricity & modulus, extremely good barrier properties, warmth resistance, and reduced flammability Nanopolymers had been first added to the market as nylon-6/clay nanocomposites in 1991 for producing timing-belt covers and engine covers. The principal driving thing for the use of nanopolymers enabled parts is their outstanding mechanical and physio-chemical properties. These properties provide discounts in the weight of the vehicle, increased effectiveness of the engine leading to low fuel consumption, reduction in the emission of CO2, and expanded protection and relief owing to the excessive performance of the vehicle. Elastomeric nanocomposites are gaining momentum in the car industry due to the fact of their functions in the production of low rolling resistance tires, which are lightweight and keep fuel.

COVID-19 impact on Nano polymers Market

COVID-19 is an incomparable world public health emergency that has affected nearly each and every industry, and the long-term outcomes are projected to have an impact on the enterprise boom in the course of the forecast period. Our ongoing research amplifies our lookup framework to make sure the inclusion of underlying COVID-19 problems and doable paths forward. The report gives you insights on COVID-19 thinking about the modifications in consumer behavior and demand, buying patterns, re-routing of the provide chain, dynamics of cutting-edge market forces, and the enormous interventions of governments. The updated find out about provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

MARKET DRIVERS:

Rising Demand from Packaging Industry is driving the growth of the market

Nanopolymers is used in food & beverage packaging and conserved the taste of gentle drinks as well. Nanopolymers has super residences such as corrosion protection, tensile strength, improved thermal barrier, improved mechanical barrier, and so on. Also, nanopolymers grant barrier residence towards oxygen, moisture, and UV rays. Hence, they can be recycled in massive portions thus; they are used in the packaging of food and beauty products.

Growing Consumption of Nano Polymer for Electronics and Semiconductor Devices is also driving the growth of the market

Nanopolymers improve electrical conductivity, mechanical strength, modulus, and dimensional stability. Thus, they are broadly used in chemical sensors, electroluminescent devices, batteries, clever windows, and reminiscence devices. Other manageable application includes photovoltaic cells and photodiodes, supercapacitors, printable conductors, light-emitting diodes, and field-effect transistors are growing consumption of nanopolymers.

MARKET RESTRAINTS:

High cost of the product is restraining the growth of the market

Nanopolymers help to improve car fuel efficiency and corrosion resistance. Also, nanopolymers enhance manufacturing speed, and thermal stability, and additionally limit weight; however, these products are costly. Nylon 6/nanocomposites are the costliest clay-based nanopolymer product. It is used in tires, conveyor belts, and other applications. Thus, the high cost of nanopolymers is a principal task for the market.

NANO POLYMERS MARKET REPORT COVERAGE:

This research report on the global Nano polymers Market has been segmented and sub-segmented based on Fiber type, End-user, and region.

Nanopolymers Market – By Fiber Type

• Nano clay

• Nanofiber

• Carbon nanotube

• Carbon nanofiber

• Graphite

• others

Carbon nanotube fiber type held the biggest share for the world nanopolymers market in 2021. Carbon nanotubes provide awesome transparency, excessive durability, electrical & thermal properties, and others, thus; it is extensively used in drug delivery and biomedical tissue engineering. Additionally, carbon nanotube shows widespread potential for wearable electronic applications. Hence, its brilliant electrical and mechanical properties, carbon nanotubes are employed in industrial functions such as supercapacitors, and biosensors, and others. Thus, these elements are increasing demand for carbon nanotubes which is estimated to develop the market size.

Nanopolymers Market - By End-User

• Transportation

• Pharmaceuticals

• Aerospace

• others

Based on End-User, the Automotive area dominated the international nanopolymers market in 2021 and is developing at a CAGR of 22.9% in the course of 2021-2026 as nanopolymers are used for physique panels, bumpers, racing cars, and doors. Thus, owing to their high load-bearing attribute despite their less weight, these nanopolymers are extensively used in the automotive sector. Hence, the growing car quarter is estimated to grow the demand for nanopolymers. The Chinese authorities expect the manufacturing of vehicles to attain 35 million gadgets by 2025, according to the International Trade Administration (ITA). Additionally, according to the International Organization of Motor Vehicle Manufacturers (OICA), mild industrial vehicle production has increased from 2,249,348 in 2018 to 2,254,153 in 2019, an enlarge of 0.2 % in Europe. Furthermore, the Indian Government expects the car quarter to entice USD8 to USD10 billion in the neighborhood and overseas investments by means of 2023. Hence, the growing automotive production is estimated to grow the nanopolymers market.

Nanopolymers Market - By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• The Middle East

• Africa

Geographically, Asia Pacific dominated the global nanopolymers market in 2021 with 30%, due to increasing demand from quite a number of end-use industries in growing international locations such as India, China, Japan, and others. Nanopolymers offer exceptional durability, appropriate for harsh environments, are fire-resistant, thermal stable, optimum elasticity, handy to access, and others. According to Healthcare Information Company IQVIA, China used to be the world’s second-largest national pharmaceutical market US$122.6 billion in 2017. It used to be also the biggest rising market for prescribed drugs with an increase tipped to reach US$145 billion to US$175 billion by 2022. Furthermore, India’s domestic pharmaceutical market is estimated at US$ forty-one billion in 2021 and is predicted to attain US$ 65 billion through 2024 and round US$ 120-130 billion by 2030. According to the International Organization of Motor Vehicle Manufacturers (OICA), the manufacturing of mild commercial vehicles has also accelerated in the APAC place via 10.2 % in 2018. Hence, the developing demand for packaging from the pharmaceutical area and rising automotive manufacturing is estimated to grow the demand for nanopolymers.

Nanopolymers Market Share by company

Companies like

1. Arkema

2. RTP Company

3. Nanocyl SA

4. Unitika Ltd

5. Evonik Industries

6. Mineral Technology, Inc.

7. Hybrid Plastics, Inc.

8. Nylon Corporation of America, Inc

9. 3M

10. Ad-Nano Technologies Private Limited

11. Nanophase Technologies Corporation

Recently PTT Global Chemical agreed to purchase the industrial coating resin producer Allnex from the private equity firm Advent International for $4.8 billion.

Dais Corporation (DYLT: OTC.PK), in collaboration with the HVAC gurus of Carroll Air Systems, will grant nineteen ConsERV™ electricity recuperation ventilation structures as a phase of a multi-million-dollar facility improve software for Freedom High School in Tampa, FL. Carroll Air is a valued advertising and marketing companion of Dais and is a full-service, multi-line independent manufacturer’s enterprise serving central Florida due to the fact 1972.

NOTABLE HAPPENINGS IN THE GLOBAL NANOPOLYMERS MARKET IN THE RECENT PAST:

• Acquisition - In Dec 2021, Danimer Scientific, Inc. announced that it has completed the acquisition of Novomer, Inc. (“Novomer”), a leading developer of conversion technology providing transformable, functional, and low net carbon inputs into the production of PHA-based resins and other biodegradable materials.
• Collaboration - In June 2022 GenEdit, a Silicon Valley startup founded by Koreans, signed a research collaboration agreement with U.S.-based gene-editing company Sarepta Therapeutics to develop gene-editing therapeutics for the treatment of four rare neuromuscular diseases.