Latest industry research report on Polymer nanocomposites are multiphase materials that contain dispersion of nano-sized filler materials such as carbon nanotubes, nanoclays, metal oxide, and ceramics among others.
In 2015, the global polymer nanocomposites were valued at $5,161 million. Growth in automotive and packaging industry, superior mechanical and physical properties, and infrastructural growth in the emerging economies are the key factors that drive the growth of the polymer nanocomposites market.
However, environmental & technical barriers and high production cost are some factors that hamper the growth of the polymer nanocomposites market.
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Nanocomposites gain acceptance in various significant packaging applications owing to its barrier strength and conductive properties. Automotive manufacturers also consume nanocomposites as a substitutes of higher-priced materials.
World polymer nanocomposites market is segmented as:
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