The Business Research Company’s report on the Nanomaterials Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the nanomaterials market further?
The increase in the usage of nanomaterials in the healthcare industry across the globe is contributing to the growth of the nanomaterials market. Nanomaterials are employed in the healthcare industry to target abnormalities in individual cells and even sub-cells and to boost the action of vaccinations and medicines by easily accessing the body. Hence, the demand for nanomaterials is rising with the increase in the application of nanomaterials in healthcare. For instance, in December 2023, according to the report published by the National Nanotechnology Initiative, a US-based research and development initiative, in 2022, the economic impact of nanotechnology on the U.S. economy was estimated to be between $67 billion and $83 billion, accumulating to nearly $1 trillion over the past two decades. This substantial figure far exceeds the U.S. government’s investment of approximately $40 billion during the same period, reflecting the nation’s commitment to advancing this field through the National Nanotechnology Initiative (NNI). Additionally, incorporating the microelectronics and semiconductor industry into this analysis resulted in an estimated impact of $268 billion to $297 billion for 2022 alone. Therefore, the growing presence and usage of nanomaterials in the healthcare industry are expected to fuel the growth of the nanomaterials market over the forthcoming years.
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What are the key factors influencing the forecasted market size of the nanomaterials industry?
The nanomaterials market size has grown rapidly in recent years. It will grow from $16.75 billion in 2024 to $19.16 billion in 2025 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to increased funding for research and development activities, growing demand for compact and powerful devices, advancements in camera technology, growing demand for high-quality video content, increased adoption of smartphones and other mobile devices.
The nanomaterials market size is expected to see rapid growth in the next few years. It will grow to $34.91 billion in 2029 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to growing demand for nanomaterials in drug delivery systems, increasing adoption of nanomaterials in tissue engineering, emerging energy storage solutions, increased aerospace applications, electronics miniaturization. Major trends in the forecast period include advancements in nanotechnology research, advancements in nanotechnology, focus on biocompatibility and biodegradability properties, nanomaterials in 3d printing, collaborative research initiatives, adoption of synthetic and natural polymers in nanofabrication.
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Who are the leading competitors in the nanomaterials market?
Major companies operating in the nanomaterials market include BASF SE, Bayer AG, Chasm Technologies Ltd., Cnano Technology, DuPont Air Products Nanomaterials LLC, Elmarco Ltd., Finetex ENE Inc., Glonatech SA, Kuraray Co. Ltd., Nanocyl SA, NanoViricides Inc., Sumitomo Corporation, Showa Denko Materials Co. Ltd., Zyvex Technologies, US Research Nanomaterials Inc., Nanocomposix Inc., Frontier Carbon Corporation, Nanoshel LLC, SkySpring Nanomaterials Inc., Cytodiagnostics Inc., Strem Chemicals Inc., American Elements Corporation, Arkema SA, Taiwan Semiconductor Manufacturing Company Ltd., Thermo Fisher Scientific Inc., Fujitsu Ltd., Altairnano Inc., Nano Magic LLC, Imina Technologies SA, Kleindiek Inc., Advanced Nano Products Co. Ltd., Bruker Corporation, Biosensors International Group Ltd., Espin Technology Inc., Nanonics Imaging Ltd., Vive Crop Protection Inc., Johnson Matthey plc, UP Catalyst Ltd., Liquidia Technologies Inc., Applied Nanodetectors Ltd., EyePoint Pharmaceuticals Inc., Nanoco Group plc, Surrey NanoSystems Ltd., Ilika Technologies Ltd., Nanobiotix SA, DUST Identity Inc., Leia Inc., actnano Inc., Hummingbird Scientific Corporation, Voyant Photonics Inc., Nanotech Systems Ltd., Nanosys Inc., Nanophase Technologies Corporation, Nanogate AG
Which emerging trends are set to transform the nanomaterials market landscape?
Major companies operating in the nanomaterials market are developing new materials to gain a competitive edge in the market. For instance, in November 2022, American Elements, a US-based materials company launched unveiled a breakthrough nanoscale electrolyte material designed for cutting-edge Lithium-Sulfur Battery technology. This novel ceramic compound comprises lithium, lanthanum, and zirconium oxide nanoparticles, offering enhanced energy density and stability across a broader temperature range compared to conventional electrolytes in commercial lithium-ion batteries.
How do different geographies compare in terms of market share and growth potential in the nanomaterials market?
North America was the largest region in the nanomaterials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanomaterials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Which major segments of the nanomaterials market are experiencing the fastest growth?
The nanomaterials market covered in this report is segmented –
1) By Material Type: Carbon Based Nanomaterials, Metal And Non-Metal Oxides, Metal Based Nanomaterials, Dendrimers Nanomaterials, Nanoclay, Nanocellulose, Other Materials
2) By Structure Type: Non-Polymer Organic Nanomaterials, Polymeric Nanomaterials
3) By End User: Paint And Coatings, Packaging, Construction, Electronics And Consumer Goods, Other End-Users
Subsegments:
1) By Carbon Based Nanomaterials: Carbon Nanotubes (CNTs), Graphene, Fullerenes, Carbon Nanofibers
2) By Metal And Non-Metal Oxides: Titanium Dioxide (TiO2), Zinc Oxide (ZnO), Silica Nanoparticles, Iron Oxide Nanoparticles
3) By Metal Based Nanomaterials: Gold Nanoparticles, Silver Nanoparticles, Platinum Nanoparticles, Copper Nanoparticles
4) By Dendrimers Nanomaterials: Polyamidoamine (PAMAM) Dendrimers, Polypropylene Imine (PPI) Dendrimers, Other Dendrimer Types
5) By Nanoclay: Montmorillonite Nanoclay, Kaolinite Nanoclay, Halloysite Nanoclay
6) By Nanocellulose: Bacterial Nanocellulose, Plant Nanocellulose, Cellulose Nanocrystals
7) By Other Materials: Quantum Dots, Nanocomposites, Hybrid Nanomaterials
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How is the nanomaterials market defined?
Nanomaterials refer to a type of material having internal structures of 100 nm or less or at least one exterior dimension that is 100 nm or less, and based on research, they use improvements in materials metrology and synthesis gained in favor of microfabrication studies to offer a materials science-based perspective on nanotechnology.
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