- The polymeric nanoparticles market is expected to show considerable growth over the coming years. This can be attributed to increasing demand for polymeric nanoparticles from the automotive sectos and growing utilization of polymeric nanoparticles in the manufacture of electronics.
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Polymeric nanoparticles have certain remarkable properties. They include high electricity conductivity, high heat resistance and improved dimensional stability. These are likely to increase the demand for the polymeric nanoparticles market. Increasing applications of polymeric nanoparticles in automotive parts, including engines, body panels and head lamp covers are projected to drive the polymeric nanoparticles market.
However, complicated manufacturing processes and strict governmental laws regarding the usage of plastic polymers are expected to restrain the market. The polymeric nanoparticles market can be bifurcated into applications and geographies. The market, on the basis of applications, can be divided into electronics, aerospace, automotives, pharmaceuticals, food & packaging and healthcare. Automotives dominates the applications sector.
Geographically, the polymeric nanoparticles market can be sliced into four key regions, including Asia Pacific, North America, Europe and rest of the world. North America leads the market and is followed by Europe. This is due to United States being the largest consumer of polymeric nanoparticles.
Polymeric nanoparticles also find applications in electronic items, such as desktops, laptops, mobile phones and personal data assistance (PDA). These applications are projected to drive further demand for the polymeric nanoparticles market. Favorable governmental policies and extensive research and developments in nanotechnology are expected to fuel demand in Asia Pacific.
Expanding consumer electronic sectors in Japan, China and India are also furthering the market.
Information Source: Grand View Research
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