Nanoclays Market Analysis By Product Type (Smectite, Kaolinite & Other Product Type) By End-Use (Packaging, Automotive, Paints and Coatings, Flame Retardant & Other End-Uses) By Region – Global Market Insights 2022 to 2032

Global Nanoclay Market Outlook (2022-2032)

Newly-released Nanoclay Market analysis report by Fact.MR shows that global sales of Nanoclay Market in 2021 was held at US$ 1.9 Bn. With 12% projected CAGR, the global market for nanoclay is expected to gross US$ 6.4 Bn by 2032.

Packaging is expected to be the highest revenue generating segment which is projected to grow at a CAGR of over 13.8% during 2022 – 2032.

Revenue of Nanoclay Market from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the Nanoclay Market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, value of the Nanoclay Market increased at around 11.1% CAGR.

Due to numerous applications in aircraft & aviation, automotive, toiletries, biomaterials, medical, dyes, pigments and paints, the worldwide nanoclays market is expected to rise significantly. Chemically produced or naturally occurring inorganic minerals, these nanoparticles are utilised as adhesives for polymers to increase their mechanical, thermal and barrier characteristics.

Due to the superior performance and sanitary nature of nanoclays based materials, the market is likely to be driven by growing demand from packaging and coating applications. The fast-growing plastics sector is also driving up demand for nanomaterials, particularly nanoclays, which help polymers improve their heat resistance, strength, and flame retardancy.

Nanoclays are one of the most studied nanoparticles. When product attributes are insufficient to achieve the desired objectives, they must be changed or combined with polymeric materials to generate nanocomposites with variable properties.

The main objectives are to create nanomaterials that are smart and stimulus-responsive. These characteristics are used in many aspects of cultural property conservation, including controlled cleaning and the production of smart protective coatings and active consolidants.

Furthermore, government regulations promoting the use of polymer nanocomposites and, as a result, nanoclays in the aerospace and automotive industries are likely to boost product demand. Nanoclays offer greater mechanical strength, gas barrier properties, flame retardancy, thermal and electrical conductivity, and rheology than traditional clays.

• Nanoclays Product Market was valued at US$ 1.9 Bn in 2021. According to Fact.MR, Nanoclay Market revenue would increase 3.1X between 2022 and 2032, reaching roughly US$ 6.4 Bn in 2032.
• In terms of Product Type, Smectite accounts for the highest projected CAGR of over 12.3%.
• In terms of End-Use of Nanoclay, Packaging accounts for the highest CAGR of 13.8% during the historic period (2017-21).
• US is the dominant country in Nanoclay Market with an absolute dollar growth opportunity of over US$ 1.3 Bn.

What Factors are Propelling Nanoclay Demand?

Apart from its applications in aircraft & aviation, automotive, toiletries, biomaterials, medical, dyes, and pigments and paints, nanoclay is also used in the construction industry. Besides, it is also abundantly available and inexpensive, due to which it is commonly used in commercial composite applications.

The product's capacity to operate as a nanofiller that increases the flame retardant and barrier characteristics of polymers has resulted in its increased usage in the packaging sector.

Nanoclays are also used to make anisotropic matrix materials that are utilized in a range of commercial applications. The scarcity of raw resources and mining issues, on the other hand, may limit market revenue development by offering hurdles to producers.

Nanoclays are widely employed in the automotive and aerospace sectors, where they are used to replace conventional materials in the manufacturing of aeroplanes, resulting in weight saving of hundreds of tonnes of aviation fuel. They are also used in wind turbine blades since they make them lighter and stronger, which enhances the efficiency of energy conversion.

What are the Biggest Restraints to the Global Nanoclays Market's Growth?

Nanoclays' exposure to toxins and toxicants is a key issue that is predicted to limit market revenue growth to some level during the projected period. High manufacturing costs and rigorous regulatory standards for nanoclay in a few end-user sectors, however, may limit the market's expansion.

These nanoclays are particularly developed materials that have acquired prominence in a short period of time, and the equipment and machinery that are employed are quite expensive and require significant maintenance on a regular basis, necessitating a large amount of money for manufacturing.

Which Region is projected to Offer the Largest Opportunity for Nanoclay Market?

The market in North America is projected to expand at a quicker rate than rest of the world. Owing to the growing elderly population and technological breakthroughs in medicine and healthcare, North America is considered an important market for biomedical materials.

Owing to the benefits it provides, such as deep penetration of makeup components into the skin, nanoclay is frequently utilised in the creation of personal care goods and cosmetics. With yearly revenue of nearly US$ 90 Bn, the United States is one of the world's most important beauty and personal care markets. Furthermore, the US packaging sector is expected to be highly valued category considering food and drinks being the most common application area.

Country-wise Analysis

Which Country Lies at the CenterStage for Nanoclay Market Revenue?

The United States is expected to have the largest market value of US$ 1.9 Bn by the end of 2032 with an absolute dollar growth opportunity of US $1.3 Bn owing to the increased demand in the packaging, coatings, aerospace, and marine sectors. In the near future, the nanoclay market in United States is predicted to grow due to the increasing use of nanocomposites in different applications such as packaging, automotive, and paints and coatings.

Category-wise Insights

Why Smectite is projected to Witness Fastest Growth among Nanoclay Product Type?

Among product types, global Nanoclay market is dominated by Smectite, which holds over 60% share. Bentonite, a sodium form of smectite, is a regularly used water mud ingredient. Natural versions of bentonites are preferred by many applications and goods in the cosmetics and agricultural industries, including kitty litter makers. Smectites may absorb natural organic chemicals as well as herbicides and insecticides due to their adsorption capabilities.

Which End-Use segment of Nanoclay is expected to Score Highest Growth in the Coming Years?

In 2021, the packaging category had the highest revenue share of 42% in the worldwide market. Covid-19 also had played a crucial role for such a boost in the packaging segment. Nanoclays are widely used in food packaging due to their exceptional strength, barrier properties, durability, and moisture stability.

Originally, nanoclays were used to improve the mechanical and barrier qualities of food packaging. Because of their unique properties, nanoclays containing montmorillonite are gaining popularity in the plastic packaging sector.

Nanoclays can enhance thermal, mechanical, and barrier properties of host polymers, depending on the application, natural hydrophilic and modified organophilic nanoclays provide host polymers unique properties.

Nanotechnology also has a large influence on the creation of active and creative packaging materials. As a plastic additive, nanoclays are used in food packaging films and beverage bottles to reinforce them.

Plastics made with nanoclay have superior barrier and abrasion properties, as well as higher tensile strength, lower thermal expansion, improved surface qualities, and great processing characteristics, all of which are likely to boost nanoclay usage in this industry.

What is the impact of Covid-19 on Nanoclay Market?

The sudden emergence of Covid-19 pandemic prompted the imposition of strict lockdown laws in some of the key countries, causing Nanoclays’ import and export activities to be halted. Covid-19 has affected the global economy by directly influencing production and demand, supply chain interruption and having a financial impact on businesses and financial institutions, either positively or negatively.

Due to the sudden Covid-19 outbreak, several offline companies have closed, resulting in a rise in the number of people shopping online. This might lead to a shift in consumer behaviour, with individuals opting for online purchases because of the benefits connected with them, such as quick returns, home delivery and pick-up, and a large choice of alternatives to select from, among others. Frequent online purchase means high use of packaging equipment driving the growth in the packaging segment.

Moreover, individuals also started online ordering of foods and other essentials, like groceries and medicines, which led to an increase in the delivery vehicles leading to high demand for nanoclay. Also, more and more hospitals were constructed during covid times and demand for syringes, medicine wrappers, sanitizer bottles, PPE kits were also increased leading to huge demand for such materials.

Competitive Analysis

The industry leaders are continually developing simplified ways of providing services and launching new products in an effort to encourage the chemical market to implement cost effective solutions, eliminate the Covid-19 pandemic, and benefit from this marketplace. They strive to build cooperative relationships through collaborations that involve technology, and establish new products to launch by concentrating on alliance, technology collaboration, and product launch.

Some of the recent developments of key Nanoclay providers are as follows:

• In February 2022, Merck has finalized its purchase of Exelead for about USD 780 Mn in cash, subject to regulatory clearances and other customary closing conditions. As a result of this transaction, Merck's nanoclay and lipid production portfolio has been enhanced.
• In December 2021, under a new distribution agreement DKSH's Business Unit Performance Materials is now in charge of Elementis' portfolio of speciality ingredients for personal care products in Belgium, including antiperspirant actives. It will be in charge of sales and marketing, as well as distribution, transportation, and customer service.

As a renowned specialist in rheology and a global pioneer in antiperspirant actives, Elementis provides a broad range of green solutions, including natural clay rheology modifiers and bio-functional active components.

Similarly, recent developments related to companies Nanoclay services have been tracked by the team at Fact.MR, which are available in the full report.

Market Segments Covered in Nanoclay Market Analysis

• By Product Type :

  • Smectite Nanoclay
  • Kaolinite (Kaolin Nanoclay)
  • Other Product Type (Bentonite Nanocaly, Montmorillonite Nanoclay)

• By End-Use :

  • Nanoclays for Packaging
  • Nanoclays for Agriculture
  • Nanoclays for Biomedical Application
  • Nanoclays for Water Treatment
  • Nanoclays for Automotive
  • Nanoclays for Paints and Coatings
  • Nanoclays for Flame Retardant
  • Other End-Uses

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA