Nanoclays Market Size – USD 2,657.38 Million in 2021, Growth - CAGR of 12.43%, Trends – High demand from developing nations.

The global Nanoclays Market is forecasted to reach USD 6,010.74 Million by 2030,according to a new report by Reports and Data. Nanoclays are a group of nanofillers and is extensively used in the production of polymer nanocomposites. The product is widely used in industries like automotive, aviation, biomaterials, toiletries, pigments, paints, dyes, and medical.

Nanoclays are nanoparticles that are chemically synthesized or occur naturally as inorganic minerals. These are used as adhesives for polymers as they enhance their barrier, thermal, and mechanical properties. The growing demand from the packaging, as well as coating industries, is expected to lead to a surge in demand for Nanoclays as these provide high performance and hygienic properties. 

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Further key findings from the report suggest

• Vermiculite is a type of Nanoclay. It has the property of being porous and can easily absorb water. It can hold up to 3 to 4 times its weight in water. Hence, it is known to be an effective growing medium. It finds applications in making compost with peat or coir, as it creates an ideal situation for plant growth,
• The Offline segment is forecasted to grow at a CAGR of 11.6% in the forecast period. This is primarily due to consumers wanting to physically examine the product before purchasing to make sure it fits their requirements.
• In the end-user segment, the flame retardants segment is forecasted to grow with a CAGR of 11.7% in the forecast period. The product is used as it is environment friendly and does not lead to the formation of toxic volatiles and by-products, as is the case with other alternatives.
• The Middle East and Africa are forecasted to grow at a CAGR of 11.6% in the forecast period. This is due to the presence of countries like South Africa, the UAE, and Saudi Arabia, where industries, such as automotive, aviation, and packaging, are witnessing growth, thus increasing the demand for Nanoclays.
• K. and Germany are among the largest consumers of Nanoclays, primarily due to the presence of many end-use industries in the region. Increasing awareness regarding curtailing carbon emissions in the region is also driving the market demand for Nanoclays.
• 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.

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Market Segmentation:

Product Outlook (Revenue, USD Billion; 2019-2030)

• Kaolinite
• Smectite
• Others

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

• Offline Stores
• Online Stores

End-User Outlook (Revenue, USD Billion; 2019-2030)

• Packaging
• Flame Retardants
• Automotive
• Paints and Coatings
• Others

Regional Outlook:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
• Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

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Key questions covered in the global Nanoclays Market report:

• What is the expected market size of the global Nanoclays Market during the forecast period?
• What factors are expected to hamper global Nanoclays Market growth over the forecast period?
• What key factors are expected to drive global revenue growth between 2021 and 2028?
• Which application segment is expected to dominate other application segments over the forecast period?
• Which region is expected to dominate in terms of revenue during the forecast period?
• What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
• Which leading players are operating in the global Nanoclays Market?

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