Nanoclays
are naturally occurring or chemically synthesized inorganic minerals.
They are clay minerals optimized to be used as nanocomposites.
Nanoclays are used as adhesives for polymers to improve its thermal,
mechanical, flame resistance and barrier properties. End user
industries of nanoclays include aerospace & aviation, flame
retardant, automotive, cosmetics & toiletries, biomaterials,
medical, packaging, dyes and pigments and paints & coatings among
others.
Growing
demand from packaging and coatings application is expected to drive
the market for nanoclays. Packaging application of nanoclays is
expected to be the highest growing application due to high
performance and hygienic nature of nanoclays based materials.
Packaging application include consumer packaging, flexible packaging,
food packaging and protective packaging. The factors boosting the
demand for packaging are lifestyle, end use product demand,
distribution and renewability. In addition, growing demand for
nanoclays based nanocomposites is expected to drive the market
growth.
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Nanocomposites
find applications in automotive parts and marine coatings as well as
engine parts. Nanoclays are used as coatings and adhesives to protect
the materials from corrosion, other chemicals and heat. Additionally,
nanoclay composites replace the metal and steel parts to reduce the
weight in automobiles and marine. Reducing the weight of machine
parts helps in improving the efficiency and reducing carbon
emissions. Further, rising demand from medical industry is expected
to fuel the nanoclays market growth. Nanoclays are claimed to have
application in developing new bones in humans in patients having bone
damage and bone decay. They can be also used for drug delivery for
treatment of various diseases. For example, calcium nanoclays are
used in treatment of colitis, hemorrhoids, intestinal problems acne,
stomach ulcers and anemia.
However,
huge capital investment and high production cost are expected to
hamper the market growth. Production of nanoclays requires state of
art machineries as quality and purity of the nanoclays are very
important. Nanoclays are inorganic minerals hence; mining issues and
supply of raw materials are major concerns for the players that may
hamper the market growth. Research & development leading to
technological advancement in the field of nanotechnology are opening
up new opportunities for the players in this market.
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North
America was the largest market for nanoclays in terms of consumption
and production. Growing demand from coatings and packaging
application is expected to drive the market for nanoclays in this
region. Composites made from nanoclays are used in aerospace and
automotive applications. This application segment is expected to show
highest growth rate in this region. North America was followed by
Asia Pacific in terms of consumption. High demand from automotive and
paints and coatings industry is expected anticipated to drive the
market for nanoclays in this region. Changing lifestyle and growing
income of middle class in countries such as China and India are
expected to drive the demand for nanoclays in packaging application.
The demand for nanoclays based composites is from wind energy and
automotive applications where reducing weight of machine parts is the
primary focus to reduce carbon emissions.
Global
market for nanoclays is concentrated with few multinationals having
high shares. The companies are required to have high end technology
to produce nanoclays, hence the capital and production cost is high.
High capital investment and high production cost is affecting entry
of new small entrants. Some of the market players in this industry
segment are FCC China, Southern Clay Products Inc., Techmer, Nanocor
Corporation, Elementis Specialties, Kowa Company Ltd., Sum Chemical,
Unicoop, Ube Industries and Kunimine Industries Co. Ltd. among
others.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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