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Increased demand in the automotive sector is likely to encourage innovation in the manufacturing of polymer nanocomposites, propelling the market during the forecast period.

The global polymer nanocomposites market is expected to grow from $10.74 billion in 2022 to $12.57 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. The global polymer nanocomposites market size is expected to reach $23.34 billion in 2027 at a CAGR of 16.7%.

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 Global Polymer Nanocomposites Market Segments Include:

• By Nanomaterials: Nanoclays, Carbon Nanotubes, Nanofiber, Nano-Oxides, Other Nanomaterials
• By Polymer: Epoxy Resin, Polyamide, Polyethylene, Polypropylene, Other Polymer
• By End-user: Automotive And Aerospace, Electricals And Electronics, Packaging, Biomedical, Paints And Coatings, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global polymer nanocomposites market in 2021.

Major Market Players in the polymer nanocomposites market include Arkema Group, Evonik Industries AG, Nanocyl SA, Nanophase Technologies Corporation, Unitika Ltd, RTP Company Inc., Ad-Nano Technologies, Zyvex Technologies Inc.

Technological progress is a crucial trend that is gaining traction in the polymer nanocomposites market. To maintain their market position, major businesses in the polymer nanocomposites market are focusing on creating innovative technologies. For example, Lummus Novolen Technology GmbH, a process technology developer based in Germany, unveiled the Novolen Pure polypropylene (PP) technology in November 2022, a new grade range of polymers appropriate for supporting the manufacturing of high-quality products. It’s typically utilised in automotive, healthcare, and food packaging materials, and this new non-phthalate process method saves a lot of energy by improving hydrogen interaction with the catalyst. Furthermore, for an operator’s process and end-product needs, the Pure Polypropylene (PP) technology portfolio includes a variety of variations, including high crystallinity homopolymers, ethylene random copolymers, and advanced impact copolymers.

The Polymer Nanocomposites Global Market Report 2023  provides a polymer nanocomposites market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The polymer nanocomposites market forecast analyzes polymer nanocomposites market size, polymer nanocomposites market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A polymer nanocomposite is a composite material composed of an inorganic dispersive phase and at least one nanometrically scaled dimension of a polymer matrix. Polymer nanocomposites are commonly utilised in packaging, defence systems, sensors, and information technology.

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