Dublin, June 12, 2023 (GLOBE NEWSWIRE) -- The "Nanoclay: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Nanoclay Market to Reach $4.3 Billion by 2030
The global market for Nanoclay estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$4.3 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2022-2030.
Smectite, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$2.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Kaolinite segment is readjusted to a revised 9.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $623.7 Million, While China is Forecast to Grow at 12.9% CAGR
The Nanoclay market in the U.S. is estimated at US$623.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$466.8 Million by the year 2030 trailing a CAGR of 12.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 9.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.
Looking Ahead to 2023
With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 305 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2 Billion |
| Forecasted Market Value (USD) by 2030 | $4.3 Billion |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Impact on Nanotechnology Sector Remains Mixed
- Nanomaterials in the Spotlight for Addressing COVID-19 Challenges
- Nanoclay - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Industrial Applications Take a Hit as COVID-19 Evolves Into an Economic Crisis
- World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- The Science Behind Nanotechnology
- Nanoclays: An Introduction
- Types Of Nanoclays
- End-Use Applications
- Market Outlook
- Challenges to Growth
- Competition
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Novel Materials Research & Innovation Offers Platform for Growth
- Liquid NANOCLAY Emerges as Star Material to Tackle Desertification Issue & Push Agricultural Output
- Liquid NANOCLAY as a Game Changer
- Nanoclay Recipe for Soil Fertility
- Startups Enter the Fray
- Organoclays: An Emerging Category with Exciting Opportunities
- Nanoclays Help Overcome Material Limitations in Food Packaging Applications
- Global Food Packaging Market in US$ Billion: 2019 & 2025
- A Peek into Applications in Beverage Bottling
- Global Beverage Consumption by Type (in%) : 2020
- Expanding Role of Nanoclay in Food and Beverage Industry
- Nanoclays Garner Attention to Improve the Biodegradability of Polymers
- Starch-Based Antibacterial Nanocomposites Hold Promise as Biodegradable Mulch Films
- Nanoclays Gain Spotlight for Potential Role in Biomedical Applications
- Select Developments
- Nanoclays Exude Immense Potential to Alter the Realm of Drug Delivery Mechanisms
- Nanoclay Flame Retardants Extend the Eco-Friendly Advantage
- Automotive Sector: Prominent Consumer of Nanoclay
- World Automobile Production in Million Units: 2008-2022
- Relevance in Aerospace Sector
- Industry Reports Growing Interest in Smectite Clay Minerals
- Rise in Application & Importance of Nanoclay in Paints & Coatings
- Paints & Coatings Take Hit as Construction and Automotive Industries Reel Under the Pandemic
- Emerging Applications to Bolster the Market Prospects
FOCUS ON SELECT PLAYERS (Total 83 Featured)
- American Elements
- BYK Additives & Instruments
- Desert Control
- Elementis Specialties Inc
- FCC Inc
- Kunimine Industries Co. Ltd
- Merck KGaA
- Minerals Technologies Inc
- RTP Company, Inc
- StatNano
- Techmer PM
For more information about this report visit https://www.researchandmarkets.com/r/73tcma
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