A recent report published by
Infinium Global Research on the nanomaterials market provides an in-depth analysis of
segments and sub-segments in the global as well as regional nanomaterials
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional nanomaterials market over the short term
as well as the long term. The report is a comprehensive presentation of trends,
forecasts, and dollar values of the global nanomaterials market. According to the
report, the global nanomaterials market is projected to grow at a CAGR of nearly
19% over the forecast period of 2022-2028.
The global nanomaterials market
was valued at around USD 12 billion in 2022 and is expected to reach USD about
35 billion in 2028, with a CAGR of nearly 19% during the forecast period. Nanomaterials
are materials that have an external dimension within the size range of
approximately 1 to 100 nanometers. Because of its unique physical and chemical
properties, nanomaterials can significantly ample growth opportunities to the
various end-user industries like electronics, healthcare, aerospace, defense,
paints & coatings, adhesives & sealants, optical communication, and
plenty of others. The growing usage of nanomaterials within the healthcare industry
and increasing usage of nanomaterials in water treatment applications are
expected to drive the demand in the nanomaterials market during the forecast
period. Furthermore, the utilization of nanomaterials as therapeutic agents,
organic photovoltaics, and drug delivery in biological and medical applications,
sensory probes, catalysis, and electronic conductors will fuel the demand.
The increasing popularity of
nanomaterials in various end-use industries drives the growth of the
nanomaterials market. Additionally, decreasing prices of nanomaterials, growing
support from government institutions, and an increase in public and private
expenditure towards nanotechnology are likely to have a positive impact on
market growth. The availability of several tools and methods for manufacturing
nanomaterials is another factor boosting the growth of the nanomaterials
market. Further, bio-medical, consolidated materials, and Nanodevices are to
support potential growth. Further, owing to the growing investments by the
major electronic industry players such as IBM, Samsung, and Apple, the market
is expected to grow at a considerable rate during the forecast period.
Continuous efforts in the Research and Development of nanotechnology and
nanomaterials, to explore potential applications in various end-use industries,
are anticipated to fuel the market growth over the forecast period. Growing
demand for microelectronics and Nanoelectronics due to the increasing usage of
advanced devices is anticipated to propel the market growth during the forecast
period. On the other hand, increasing concern regarding environmental impact is
expected to hamper the growth of the nanomaterials market. Furthermore,
continuous research and government funding to support the potential growth of
nanomaterials offer growth opportunities for the nanomaterials market in the
near future.
The outbreak
of Covid 19 had mixed effects on the nanomaterials market. Covid 19 created
disruptions for several industries around the world Nanomaterials were one of
them. Governments imposed restrictions on all forms of mobility because of the
epidemic. The production of Nanomaterials was stopped. The spread of pandemics
created a massive interruption in the supply and demand of the products.
However, the increasing use of nanotechnology in the healthcare industry propelled market growth during the pandemic. Nanomaterials were highly utilized
in therapeutic medications to treat covid-19 patients. Furthermore, various
Research and Development organizations are developing new potential
applications of nanomaterials in the diagnosis, prevention, and treatment of
COVID-19 and other viral diseases. These factors are projected to augment the
market growth during the forecast period.
The global nanomaterials market is
segmented into the Asia Pacific, North America, Europe, and the Middle East
& Africa. Among the region, North America is the fastest growing region in
the nanomaterials market during the forecast period. High Research and
Development investments, the presence of an oversized number of market players
within the region as well as increasing usage of nanotubes in various
industries. The U.S. installed approximately more than 5 gigawatts of solar PV
capacity in Q3 2021 to reach 100 gigawatts of total installed capacity, enough
to power 21.8 million American homes. Thus, the expansion in solar
installations in 2021, it's expected to enhance the nanomaterials market within
U.S. Europe is anticipated to hold a considerable market share in the
nanomaterials market. The expansion of this region is attributed attributable
to the decreasing price of nanomaterials in this region. Asia-Pacific exhibits
high growth throughout the forecast period because of the growing investments
in the nanomaterials field within the region.
The report on the global nanomaterials
market covers segments such as type, and end-user. On the basis of type, the
sub-markets include metal oxides, metals, nanotubes, nanoclays, and other
types. On the basis of end-user, the sub-markets include paint and coatings
industry, healthcare industry, construction industry, electronics and consumer
goods industry, cosmetics industry, automotive industry, and other end-user
industry.
The report provides profiles of
the companies in the market such as American Elements, Nanophase Technologies
Corporation., NANO-X GmbH, ARKEMA, Jiangsu Cnano Technology Co., Ltd, Nanoco
Technologies Limited, NANOCYL S.A., Nanoshell LLC, Cerion, LLC., and
NanoIntegris Inc.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the nanomaterials market. Moreover, the study highlights current market
trends and provides forecasts from 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
Please Choose One of them.