Global nanoclays market is expected to experience significant growth over the forecast period owing to substantial demand in nanotechnology as nanoclay-based composites in packaging, protective coatings, marine, automotive industries and medical sciences. Nanoclays are chemically synthesized inorganic minerals occurring naturally in nature. Nanoclays are used in multiple applications including adhesives for polymers to increase strength, and enhance thermal and electrical properties of the substrate. It is experienced that Asia Pacific was the largest market for nanoclays followed by North America in past two years and is anticipated that the demand for nanoclay based composited is expected to rise in automotive and aerospace industries. Furthermore, increasing awareness for the products made from nanoclay composites is expected to be the key factor in increasing demand due to high durable and reliable end products. In addition low weight, high strength and high impact resistance in end products are expected to be the critical factors for nanoclays market growth in numerous applications over the forecast period.
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At present, European Union countries has also been experiencing the incline in the demand for end products based on nanoclays as government is expected to approve and provide financial support to in-house manufacturers. Nanoclays is expected to be used in various applications such as waste water treatment, as paints, inks and greases application enhancer and in pharmaceutical industry as an added layered drug material in next seven years. In past two years it is been observed that nanoclays possesses the quality of enhancing the fluidic properties of paints, inks and greases and is expected to be implemented commercially over the forecast period which can lead to incline in global nanoclays market demand.
Key players acting and contributing in the overall demand for the end product based on nanoclays includes Southern Clay Products Inc., Techmer, Kowa Company Ltd., FCC China, Nanocor Corporation, Elementis Specialties, Unicoop, Ube Industries, Sum Chemical and Kunimine Industries. Huge capital invest mend coupled with high manufacturing cost is expected to be the key restraint for the new entrants which are seeking their way into the market. At present there is an anticipated rise in the multiple innovations to be carried in the manufacturing of nanoclays to be further used in end user products include hydro photo catalysts which can be used for water purification. This can further expected to be applied on a larger scale which can project a increasing trend for the global nanoclays market demand.
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