Growing demand from agriculture industries and the paint & coating sector are factors to drive the demand for the global Nano Clay market in the forecast period, 2023-2028. According to the TechSci Research report, “Global Nano Clay Market- By Region, Competition Forecast and Opportunities, 2018-2028”, The global Nano Clay market is projected to grow at an impressive rate in the forecast period, 2024-2028.
The Important Factors of the Global Nano Clay Market
Increasing demand from paint & coating and the aerospace & automotive sector is the primary reason influencing the market’s share of nano clay. Due to the multifunctional capabilities and recent development of nano clays, it has been utilized in various applications such as water treatment, food, and beverage packaging, automotive, biomedical, paints, and coatings. The toxicity of the material, high production cost, and strict regulatory policies on plastic restrain the nano clay market growth.
Government initiatives and policies over sustainable development and infrastructure projects are expected to propel the nano clay market’s demand as it is biodegradable. Global demand for nano clay is estimated to be driven by the increasing plastics industry and its usability. Due to its innovation in different healthcare and agricultural sectors, nano clay is anticipated to increase its demand over the projected period. All these factors increased demand for the global nano clay market in the estimated period.
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The global Nano Clay market is segmented based on type, and application.
Based on type, the market is divided into montmorillonite, kaolinite, smectite, and others. The smectite segment will hold the largest market share till 2028. Owing to the uses in various applications in drilling, foundry, oil well, iron ore, and wine industries, to obstruct the flowability of water, it is required in different from different sectors. Apart from these, it stops chemical and nuclear wastes as a clay barrier. All these led to increased demand for smectite in the segment.
Based on application, the market is divided into water treatment, food and beverages packaging, automotive, biomedical, paints and coatings, and others. The food and beverages packaging segment will hold the largest market share till 2028. As nano clay helps improve the mechanical and impediment properties of the packaging material, such as flexible packaging, increasing shelf life, and high-temperature workability, it is highly demanded in the Food and beverages market and dominates the segment.
Major companies operating in the global nano clay market are:
- UBE Industries, Ltd.
- Mineral Technologies Inc.
- RTP Co
- Techmer PM LLC
- Merck KGaA
- Kowa Company Ltd
- Sun Chemical Corp
- Elementis Plc
- Nanocor Inc
- Cabot Corp.
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“The North American region is expected to dominate the global nano clay market in the coming years due to its consumption & production of applications where nano clay is required and rising demand in packaging and coating applications. Globally, the growing number of construction activities and the need for food propel the business to extend the innovation for better-advanced products. All these efforts led to the development of products that help companies to make more enhanced products like liquid nano clay, starch-based Nano clay, and others. Government initiatives for sustainable development and influence agricultural activities have extended the nano clay market globally.
Escalating demand for plastic and food and beverages packaging material is crucial for market growth. As it controls & releases active ingredients, antimicrobial agents, and carriers of the colorimetrical indicator system, it is highly demanded for food and beverage packaging. Growing demand for ceramics, cosmetics, toothpaste, white incandescent light bulbs, and industrial insulation material propels the market growth as it needs nano clay for production.
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In addition, growing applications in end-user industries like healthcare, automobiles, agriculture, aerospace, and others for biomaterials, toiletries, pigments, medical & dyes, and paints are propelling the market share and creating favorable conditions to drive the global Nano Clay market growth till 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Nano Clay Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Montmorillonite, Kaolinite, Smectite, Others), By Application (Water Treatment, Food, and Beverages Packaging, Automotive, Biomedical, Paints and coatings, others), By Company and By Region, has evaluated the future growth potential of global nano clay market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global nano clay market.”
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