Nanofillers Market Share Values, Revenues Analysis, and Growth Trends, 2023
Rapid surge in the market is credited to the rising demand for nanofillers from rubber industry, paints & coatings sector and construction industry and increasing product entry into newer markets.
(firmenpresse) - The global nanofillers market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the rising demand for nanofillers from rubber industry, paints & coatings sector and construction industry and increasing product entry into newer markets. Nanofillers are increasingly used as adhesives and sealants in construction as well as paints & coating industry, thereby fostering the market demand over the past few years. Globally, nanofillers market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of nanofillers.
Nanofillers are typically used as additives, owing to their unique chemical composition and structure. Nanofillers are easily differentiated from the polymer matrix based on their composition alone. Nanofillers exhibit properties such as relatively superior quality, lower cost, and higher mechanical & physical strength. Vast set of application of nanofillers include dispersions and coating, consolidated materials, bio-medical, and electromechanical devices, offer lucrative growth opportunities for industry players in the upcoming years.
Nanofillers are mixed into polymers to stimulate flame-retardant properties. Rapid growth in plastics industry is estimated to fuel market demand for nanofillers over the forecast period. In addition, rising number of application in paints & coatings in vast set of applications in construction, automotive, architectural, and decorative industry, is predicted to amplify market demand for nanofillers over the next few years.
The nanofillers market is broadly categorized into major segments based on the application type such as building & construction industry, paints & additives, plastic manufacturing industry, adhesives & sealants industry and rubber industry. Building & construction industry segment is growing rapidly with substantial revenue generation in the last few years. Growing popularity of building & construction industry segment is attributed to increasing product penetration and availability of low cost solutions in the global market.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies, surge in number of research & development activities and existence of well-established infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the nanofillers market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising number of infrastructural activities, soaring demand for paint & adhesives and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the nanofillers market are Reade International Corp., Eka Chemicals AB, Galaxy Corp., Shenzhen Nanotechnology Development Co., Ltd., E. I. du Pont de Nemours and Co., The 3M Co., Intelligent Materials Private Ltd., Nanomys Inc., Toyota Central Research Labs Co., Henkel Corp., Shanghai Yaohua Nanotech Co., Ltd., Fuso Chemical Co., Ltd., and Nanomaterials Technology Pte., Ltd.
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global-nanofillers-industry-size
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nanofillers-market-analysis
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nanofillers-market-forecast-report
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