Nanoclays Market : Global Industry Analysis and Forecast (2023-2029)

Nanoclays Market size was valued at US$ 3.01 Bn in 2022 and the total revenue is expected to grow at 11.8% through 2023 to 2029, reaching nearly US$ 6.58Bn.

The global Nanoclays market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Nanoclays report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Nanoclays Market Overview:
Favorable properties of nanoclay like thermal stability, mechanical strength, improved clarity, and chemical resistance. Because of these properties, it is extensively used in various industries, including pharmaceuticals, automotive, coatings, and others. Also, the product is widely used in the construction industry across the globe is driving the nanoclays market size.
Nanoclays Market Dynamics:
Nanoclay is widely utilized in commercial use for composite applications as well as in the packaging industry. This is attributed to the product acts as an effective nanofillers that improve flame retardance. Growing investments in the R & D of the product by end-users of the market, because they are continuously launching new products, thereby driving the global nanoclays market growth. Rising demand for nanoclays based nanocomposites, increasing disposable income, changing lifestyle, growing automotive and aerospace industries across the globe are the major factors expected to drive the market growth during the forecast period 2023-2029.

Nanoclay is also utilized in making matrix materials that have anisotropic properties and various commercial applications. The dispersion of the product and choice of cure conditions is important to improve properties that lead to stronger, cheaper, and heat-resistant coatings. Nanoclays are inorganic, thereby the supply of raw materials and issues related to mining restrain the Nanoclays market growth.

Stringent government regulations for nanoclays in several industries are hinder the market growth during the forecast period.
Nanoclays Market Segment Analysis:
By Distribution Channel, the nanoclays market is segmented into Offline Stores, Online Stores. The online distribution segment is expected to register a CAGR of around 12.5% during the forecast period. This growth is attributed to rising internet penetration, especially in emerging economies. The growing adoption of online shopping and e-commerce also drives the segment demand. Online shopping provides benefits including convenience, accessibility to a larger portfolio of products and information, easy comparison of various products, and affordable prices. The offline segment is expected to propel the market growth during the forecast period.

Because of the COVID-19 pandemic, many offline stores have paused, which has led to a larger number of consumers opting for online stores. This factor leads to a change in consumer behavior where they start buying online only after realizing the benefits of online stores. This factor positively impacts online segment growth.

By End User, the market is segmented into packaging, flame retardants, automotive, paints and coatings, others. The packaging end-user segment held the largest market share of more than 34.8% in 2022. Nanoclays used for packaging from 1990. This is because the exclusive properties of nanoclays provide longer shelf life, flexible packaging, and high-temperature performance. The product also provides various benefits including anti-microbial, self-repair sensors, and anti-temper.
Nanoclays Market Regional Insights:
North America Dominate the Global Nanoclays Market
North America accounted for the largest market share of around 35.8% in 2022. Growing demand for coating and packaging applications is expected to drive market growth during the forecast period in this region. The region is witnessing significant growth in aerospace and the construction industries because of this there is rising consumption of nanoclays. Thus propelling the market growth in North America.
Asia Pacific is expected to dominate the Global Nanoclays Market
Asia Pacific followed by North America led the market and expected to register a CAGR of 12.2% during the forecast period. Growing consumption of products is attributed to high demand in various industries including paints & coatings and automotive. Rising disposable income along with changing lifestyles in emerging economies India and China are expected to boost the nanoclays market demand in packaging applications during the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Nanoclays market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Nanoclays market dynamics, structure by analyzing the market segments and project the Global Nanoclays market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Nanoclays market make the report investor’s guide.
Recent Development:
In August 2022, DIC Corporation, The parent company of Sun Chemicals, announced the acquisition of the paint business of BASF. This allows DIC to become a global manufacturer of dyes, with those for cosmetics, coatings, plastics, inks, electronic displays, and specialty applications. Nanoclays are utilized as an absorbent for pigments thereby help to grow the market.
Global Nanoclays Market Scope: Inquire before buying



Global Nanoclays Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 3.01 Bn.


Forecast Period 2023 to 2029 CAGR:
11.8%
Market Size in 2029:
US $ 6.58 Bn.


 Segments Covered:
by Distribution Channel
• Offline Stores
• Online Stores


by End User
• Packaging
• Flame Retardants
• Automotive
• Paints And Coatings
• Others


by Product
• Montmorillonite
• Kaolinite
• Smectite
• Others



Nanoclays Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Nanoclays Market, Key Players are:
• Southern Clay Products Inc
• StatNano
• Techmer PM
• Kowa Company, Ltd.
• Elementis
• UNICOOP Firenze
• Sun Chemical
• KUNIMINE INDUSTRIES CO., LTD.
• Minerals Technologies Inc.
• FCC China
• Nanocor Corporation
• Elementis Specialties Inc
• UBE Industries
• RTP Co.,
• BYK Additives & Instruments
• 3D System
• Foster Corporation
• Industrial Nanotech
• Hybrid Plastics Inc.
• Inframat Corporation
• InMat Inc.
• Jani Clays
• Others

Frequently Asked Questions:

1. Which region has the largest share in Global Nanoclays Market ?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Nanoclays Market ?
Ans: The Global Nanoclays Market is growing at a CAGR of 11.8% during forecasting period 2023-2029.

3. What is scope of the Global Nanoclays Market report?
Ans: Global Nanoclays Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Nanoclays Market ?
Ans: The important key players in the Global Nanoclays Market are – Southern Clay Products Inc, StatNano, Techmer PM, Kowa Company, Ltd., Elementis, UNICOOP Firenze, Sun Chemical, KUNIMINE INDUSTRIES CO., LTD., Minerals Technologies Inc., FCC China, Nanocor Corporation, Elementis Specialties Inc, UBE Industries, RTP Co.,, BYK Additives & Instruments, 3D System, Foster Corporation, Industrial Nanotech, Hybrid Plastics Inc., Inframat Corporation, InMat Inc., Jani Clays, Others.

5. What is the study period of this Market?
Ans: The Global Nanoclays Market is studied from 2022 to 2029.