The global nanoclays market was valued at $0.6 billion in 2021, and is projected to reach $2.0 billion by 2031, registering a CAGR of 13.3% from 2022 to 2031.
Nanoclays are natural nanomaterials found in the clay component of soil. These are extensively used for various biomedical applications, such as tissue engineering, cancer therapy, drug delivery, wound healing, preparation of scaffolds & bone cement, and enzyme immobilization.
For the purpose of analysis, the nanoclays market is segmented into product, application, and region. The report outlines the details about nanoclays product types including montmorillonite, kaolinite, smectite, and others. The use of nanoclays in various applications, including water treatment, food & beverage packaging, automotive, biomedical, paints & coatings, and others are analyzed in the report. Moreover, it analyzes the current market trends of nanoclays across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components, manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants such as American Elements, Attogene Corporation, BASF SE, Dow Chemical Company, Elementis PLC, Evonik Degussa GmbH, Huntsman International LLC, Kowa Company Ltd, Laviosa Corporate, Mineral Technologies, Nanografi Nano Technology, Nanoshel LLC, SABIC, Southern Clay Products Inc, and Sun Chemicals.
Nanoclays are natural nanomaterials found in the clay component of soil. These are extensively used for various biomedical applications, such as tissue engineering, cancer therapy, drug delivery, wound healing, preparation of scaffolds & bone cement, and enzyme immobilization.
For the purpose of analysis, the nanoclays market is segmented into product, application, and region. The report outlines the details about nanoclays product types including montmorillonite, kaolinite, smectite, and others. The use of nanoclays in various applications, including water treatment, food & beverage packaging, automotive, biomedical, paints & coatings, and others are analyzed in the report. Moreover, it analyzes the current market trends of nanoclays across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components, manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants such as American Elements, Attogene Corporation, BASF SE, Dow Chemical Company, Elementis PLC, Evonik Degussa GmbH, Huntsman International LLC, Kowa Company Ltd, Laviosa Corporate, Mineral Technologies, Nanografi Nano Technology, Nanoshel LLC, SABIC, Southern Clay Products Inc, and Sun Chemicals.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nanoclays market analysis from 2021 to 2031 to identify the prevailing nanoclays market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the nanoclays market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global nanoclays market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
- Montmorillonite
- Kaolinite
- Smectite
- Others
By Application
- Water Treatment
- Food and Beverage Packaging
- Automotive
- Biomedical
- Paints and Coatings
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Italy
- Spain
- UK
- Rest Of Europe
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest Of LAMEA
Key Market Players
- AMERICAN ELEMENTS
- ATTOGENE CORPORATION
- BASF SE
- The Dow Chemical Company
- ELEMENTIS PLC
- EVONIK DEGUSSA GMBH
- HUNTSMAN INTERNATIONAL LLC
- KOWA COMPANY LTD
- LAVIOSA CORPORATE
- Mineral Technologies
- NANOGRAFI NANO TECHNOLOGY
- NANOSHEL LLC
- SABIC
- SOUTHERN CLAY PRODUCTS INC
- SUN CHEMICALS
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NANOCLAYS MARKET, BY PRODUCT
CHAPTER 5: NANOCLAYS MARKET, BY APPLICATION
CHAPTER 6: NANOCLAYS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Nanoclays Market," the nanoclays market was valued at $581.90 million in 2021, and is estimated to reach $2 billion by 2031, growing at a CAGR of 13.3% from 2022 to 2031.Nanoclay is a component made up of phyllosilicates, which are compounds made up of oxygen, silicon, and other elements that are degraded from natural sources and are chemically processed. Nanoclays, also known as layered silicates, is an extensively used and researched nanoagent used to make nanocomposites for food packaging.
The global nanoclays market growth is majorly attributable to its wide applications in various industries such as water treatment, food & beverage packaging, automotive, biomedical, paints & coatings, and others. Moreover, surge in use of nanoclays in packaging sector is expected to drive the market growth during the forecast period. Perishable food products spoil rapidly, even under refrigerated conditions. Nanoclay-based active films are cutting-edge solutions to expand the storage period of such food products. In food packaging films and coatings, nanoclays are used as reinforcing agents. Nanoclays, along with bio-extracts and essential oils are integrated into both bio-based and synthetic polymers to manufacture nanocomposites with improved antioxidant and antimicrobial activities. The reinforcement of nanoclays improves the mechanical barrier, and thermal properties of the films. Nanoclays-based films containing essential oils improve the barrier characteristics of nanocomposites synergistically, extending the shelf life of packaged food goods. These exhibit increased antimicrobial effectiveness against foodborne pathogens and prevent lipid oxidation.
However toxic nature of nanoclays is projected to hinder the expansion of the market. On the contrary, increased demand for nanoclay in paints and coatings is expected to offer ample growth opportunities for the nanoclays industry. Nanoclays are thixotropic additives used to enhance the rheology of paints and inks. These are used in paints and coatings to improve the macro- and micro-hardness, abrasion, scratch and weather resistance. Nanoclays particles are added to paints to improve scratch resistance and to protect the paint against corrosion. Nanoclays indoor and outdoor paints contain biocides and chemicals to guard against microbiological, physical, and chemical degradation.
The nanoclays market is segmented into product, application, and region. On the basis of product, the market is categorized into montmorillonite, kaolinite, smectite and others. On the basis of application, the market is fragmented into water treatment, food & beverage packaging, automotive, biomedical, paints & coatings, and others. Water treatment is the fastest growing segment. Nanoclays are found to be very effective and efficient for water filtration. Nanoclays minerals are used in water treatment as adsorbents for the adsorption of numerous harmful substances such as heavy metals, dyes, antibiotics, biocide compounds, and other organic chemicals. Nanoclays can be used directly or indirectly for bioremediation of hazardous metal ions, organic and inorganic solutes, and microorganisms in surface water, groundwater, and wastewater. The nanoclays are very porous, absorbing water like a sponge while resisting dissolved salts and other contaminants. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is projected to register a robust growth during the forecast period. The nanoclays market share is analyzed across all significant regions and countries. Nanoclays is widely used in Asia-Pacific to improve the mechanical qualities of thermoplastics, allowing them to be used in engineering applications such as car bumpers, gears, and so on. Nanoclays are rapidly being used in automobile components and packaging due to their reinforcing effects, low cost, commercial availability, high stability, and relative simplicity of processing in conjunction with the polymer matrix.
The major players operating in the global nanoclays market include American Elements, Attogene Corporation, BASF SE, Dow Chemical Company, Elementis PLC, Evonik Degussa GmbH, Huntsman International LLC, Kowa Company Ltd, Laviosa Corporate, Mineral Technologies, Nanografi Nano Technology, Nanoshel LLC, SABIC, Southern Clay Products Inc, and Sun Chemicals.
COVID-19 Analysis
Emergence of COVID-19 pandemic moderately impacted nanoclays market worldwide. Initially, significant disruptions in raw material transportation and shutdown of the end-use industries, such as food & beverage and paints and coatings, resulted in drop in demand for nanoclays during the pandemic.Further, COVID-19 pandemic negatively influenced the automotive industry, due to large-scale production interruptions in Europe, disruption in Chinese parts exports, and shutdown of assembly factories in the U.S. Moreover, in 2020, global motor vehicle production declined by 15.4% from the previous year, due to travel restriction measures.
However, nowadays, the demand for nanoclays has grown in the packaging industry as it can provide antimicrobial properties to food packaging. The most common nanoclays materials used in food packaging are montmorillonite (MMT), zinc oxide (ZnO-NPs) coated silicate, kaolinite, silver nanoparticles (Ag-NPs), and titanium dioxide (TiO2NPs). Rising levels of packaging of food may help COVID-19 patients successfully combat the virus, which is likely to propel the nanoclays market during the COVID-19 crisis.
Key Findings of the Study
By product, the kaolinite segment was the highest revenue contributor to the market in 2021By application, the food and beverage packaging segment was the highest revenue contributor to the market in 2021, growing with a CAGR of 12.9%.
By region, Asia-Pacific was the highest revenue contributor in 2021
China was the highest revenue contributor to the market in 2021, growing with a CAGR of 14.0%.
South Korea and Japan are expected to witness considerable CAGRs of 13.6% and 12.5% respectively, during the forecast period.
Companies Mentioned
- American Elements
- Attogene Corporation
- Basf Se
- The Dow Chemical Company
- Elementis plc
- Evonik Degussa GmbH
- Huntsman International LLC
- Kowa Company Ltd
- Laviosa Corporate
- Mineral Technologies
- Nanografi Nano Technology
- Nanoshel LLC
- Sabic
- Southern Clay Products Inc
- Sun Chemicals
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 0.6 billion |
| Forecasted Market Value ( USD | $ 2 billion |
| Compound Annual Growth Rate | 12.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
