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Polymer Nanocomposites Market Trends

Report ID: GMI3892
Published Date: Jun 2024
Report Format: PDF

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Polymer Nanocomposites Market Trends

The integration of polymer nanocomposites into 3D printing processes and the rising demand for sustainable materials are pivotal trends propelling the polymer nanocomposites industry forward. By combining advanced materials with additive manufacturing techniques, manufacturers can produce complex structures with enhanced mechanical properties. Moreover, the growing emphasis on sustainability prompts the development of eco-friendly nanocomposites, meeting the needs of environmentally conscious industries and consumers and fueling further market expansion.

For instance, in October 2023, Evonik and Lehvoss introduced Luvosint PA613 9711 CF, a fiber-reinforced polyamide for selective laser sintering (SLS). Developed collaboratively, it combines Evonik's PA613 base polymer with carbon fiber reinforcement. This development highlights the growing trend towards high-performance, lightweight materials in advanced manufacturing techniques like SLS. It will drive demand for polymer nanocomposites, promoting innovation and expanding their applications in industries requiring durable and efficient 3D printing solutions.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for polymer nanocomposites was USD 10.7 billion in 2023 and is projected to expand at 17.8% CAGR from 2024 to 2032, owing to the increasing demand from end-use industries, such as automotive, aerospace, electronics, and packaging for lightweight, durable materials.

The polyamide type segment in the polymer nanocomposites industry recorded USD 4.2 billion in 2023, due to its exceptional mechanical properties, thermal stability, and widespread applications across the automotive, aerospace, and electronics sectors.

The nanoclays nanomaterials segment in the polymer nanocomposites industry accounted for USD 4.8 billion in 2023 and is anticipated to grow at 18.3% CAGR between 2024 and 2032, owing to their cost-effectiveness, ease of processing, and remarkable ability to enhance the mechanical and barrier properties of polymers.

North America market recorded USD 4.3 billion in revenue in 2023 and is projected to grow at 18% CAGR between 2024 and 2032, led by the presence of advanced manufacturing capabilities, and strong demand from the automotive, aerospace, and packaging sectors.