Global nanoclay reinforcements market is expected to witness a huge rise over the next seven years due to increasing demand for reinforced plastics in automobiles, electronics, aerospace and construction. Nanoclay reinforcements experienced significant growth over the past few years on account increasing demand for robust and light products and the trend is expected to continue over the forecast period. Nanoclays are blended with composites to enhance mechanical strength and thermal properties, and control electrical resistance or conductance to predict the outcome. Nanoclay reinforcements are expected to be the one of most lucrative segments within the nanotechnology market owing to ease of availability of raw materials and low cost of manufacturing. Key applications of nanoclay reinforcements includes adhesives which is anticipated to rise in automotive, construction and electronic industries owing to increasing demand for light weight and durable end products.
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North America was the largest producer and consumer of nanoclay reinforcements in 2014 and the region is likely to dominate the global market over the forecast period. Europe accounted for the second largest share followed by Asia Pacific. Asia Pacific is expected to be the fastest growing market over the projected period on account of rapid industrialization coupled with increasing adoption of latest technology.
Key players present within the global nanoclay reinforcements market include Southern Clay Products, Crystal Nanoclay Private Ltd, Sigma Aldrich Corporation, Nanocor, RTP Company, Nanoshell and Nanoclay and Technologies Inc. Nanoclay reinforcements manufacturing processes are undergoing numerous innovations in order to enhance the overall performance of the end product. For instance, addition of petrochemicals to nanoclays results in increasing mechanical strength resulting into structural stability as well as higher durability. In addition, emergence of bio-based nanoclay reinforcements including soy-based unsaturated polyester is expected to new opportunities for market growth over the next seven years.
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