Nanoclays Market Growth Prospects, Key Opportunities, Trends and Forecasts 2027
Posted by RakshaGajbhiye on February 4th, 2021
The Global Nanoclays Market Report contains essential details of the industry, intended to help the customers identify the optimum approaches to get ahead in the market and make well-informed decisions. An extensive overview of the global sector included in the report examines vital market information to forecast the growth of the market in the forecast duration. The CAGR of the market for the coming years to 2026 has been estimated based on a detailed assessment of the market with authentic and relevant information pertaining to the different segments of the sector. The driving and restraining factors prevailing in the industry have been studied to predict their impact on the growth of the Nanoclays market in the coming years.
Key participants include:
Southern Clay Products Inc., FCC China, Nanocor Corporation, Techmer, Kowa Company Ltd., Elementis Specialties, Unicoop, Sun Chemical, Kunimine Industries, and Ube Industries, and Mineral Technologies Inc., among others.
The major driving force for the development of the nanoclays market isthe growth of the construction industry. The material is being used in various industries due to its properties such as mechanical strength, improved clarity, thermal stability, and chemical resistance. This also drives the market, which also makes it suitable for various commercial applications. Nanoclays acts as an effective nanofillersand thereforeused massively in the packaging industry. The growing use of cosmetics worldwide leads to escalating market size for Nanoclays.
According to the report, the North American region dominated the nanoclays market worldwide, being the largest consumer and producer of nanoclays. The region is also experiencing a high growth rate in the construction and the aerospace industries, due to which there is a higher consumption of nanoclays, thus leading to the market growth in the region.The Asia Pacific region may grow at a CAGR of 12.1% in the projected years. This is due to the high demand from the paint and coatings and automotive industries in the region. The increasing disposable incomes is also a key factor for improvements in consumer lifestyles, thus leading to high demand for the product.
Further key findings from the report suggest:
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About the AuthorRakshaGajbhiye
Joined: January 10th, 2020
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