USD 9.48 billion
Nanomaterials Market Size, Share, Growth Analysis, By Product Type(Carbon Nanotubes, Titanium Nanoparticles, Silver Nanoparticles, Aluminum Oxide Nanomaterials), By Application(Aerospace, Automotive, Medical, Energy & power), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15B2044 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
75
|Figures:
75
Nanomaterials Market Insights
Nanomaterials Market size was valued at USD 9.48 billion in 2019 and is poised to grow from USD 10.88 billion in 2023 to USD 32.83 billion by 2031, growing at a CAGR of 14.8% in the forecast period (2024-2031).
Over the forecast period, the market is anticipated to be driven by nanomaterials' growing use in the electronics, healthcare, aerospace, and textiles industries as well as their excellent physicochemical properties.
There has been an increase in demand in 2019 primarily as a result of the ease of restrictions and financial packages that governments have announced to kickstart economies, which have increased consumer demand. However, a number of research and development (R&D) organizations are working on new applications for nanomaterials in the treatment, prevention, and diagnosis of COVID-19 and other viral diseases.
Due to their antimicrobial, antioxidant, and anticancer properties, nanomaterials are increasingly utilized in biomedical or imaging applications, implants, photothermal therapy, and drug delivery. It is anticipated that these medical applications will lessen the effect that Covid-19 has on growth.
The bulk nanomaterials are referred to as three-dimensional nanomaterials because they have three arbitrarily large dimensions of enormous one hundred nm. They are made up of nanotubes, nanoparticle dispersions, and bundles of nanowires. High strength, hardness, elasticity, electrical conductivity, medication and automatic self-cleaning, chemical and scratch resistance, and other properties make nanomaterials increasingly useful in a variety of applications. The commercial applications of the nanomaterials include a variety of medical devices, electronics, boats, aircraft, and building materials.
US Nanomaterials Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Medical
Fastest Growth
Medical
Growth Rate
14.8% CAGR
Global Nanomaterials Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Nanomaterials Market Segmental Analysis
The nanomaterials market is segmented on the basis of product, application, and region. Whereas, by product is sub segmented into the Carbon Nanotubes, Titanium Nanoparticles, Silver Nanoparticles, Aluminum Oxide Nanomaterials, Gold (Au), Iron (Fe), Copper (Cu)Platinum (Pt), Nickel (Ni), Antimony Tin Oxide, Bismuth Oxide, Others. By application is sub segmented into the Aerospace, Automotive, Medical, Energy & power, Electronics, Paints & Coatings, Others. By region is segmented on the basis of North America, Europe, Asia-Pacific, Latin America, Middle East & Africa (MEA).
Nanomaterials Market Analysis by Product Type
Based on the product type, Since carbon nanotubes have the highest reversible capacity, they are widely used in lithium-ion batteries and dominated the market with a 23.7% revenue share in 2021. Carbon nanotubes have been used in a wide range of pharmaceutical and medical applications due to their large surface area and capacity to absorb and conjugate diagnostic and therapeutic agents, such as drugs, genes, vaccines, biosensors, and antibodies.
In 2021, the titanium nanoparticles sector held a significant revenue share of 22.2%.Its expanding applications in the aerospace, chemical, medical, petrochemical, and architectural industries are to blame for the expansion. Plastics, soaps, nanofibers, bandages, nanowires, and textiles also contain these as antimicrobial, antibiotic, and antifungal agents.
In 2021, the silver nanoparticles segment had the second-largest revenue share, with 13.5%.Due to their distinctive properties, such as high electrical conductivity, distinct physical and optical properties, and biochemical functionality, these are utilized in a wide range of applications, including antimicrobial agents, biomedical device coatings, drug delivery carriers, imaging probes, and diagnostic and optoelectronic platforms.
Because of their exceptional structural and physicochemical properties, including superior resistance to mechanical stress, chemicals, and wear, aluminum oxide nanomaterials are anticipated to see a significant rise in demand. By 2028, the market is expected to be worth USD 1.9 billion, and significant expansion is anticipated throughout the forecast period.
Nanomaterials Market Analysis by Application
Based on the Application, With a revenue share of around 29.98% in 2021, the medical application sector dominated the market and commanded the highest market share. Its numerous applications, which include imaging, targeted drug delivery, nanorobots for surgery, nanodiagnostics, cell repair, and nanobiosensors, are to blame for this expansion. Due to the development of cutting-edge methods for customizing the production and application of nanomaterials in the coatings industry to meet specific requirements, the paints and coatings market is anticipated to experience significant expansion. Paints and coatings' hardening, UV-light absorption, and biocide properties are enhanced by nanomaterials. The primary nanomaterials utilized in paints are silicon dioxide and titanium dioxide (TiO2). Additionally, due to its superior antimicrobial and deodorizing properties, nanosilver is increasingly being used in paints.
Due to their increasing penetration in the nanoelectronics industry as nanowires, spintronics, and quantum dots, the demand for nanomaterials in electronics applications is significantly rising.In addition, product demand is likely to be positively impacted over the forecast period by rapid developments in the electronics industry due to rising demand for high-tech goods. Due to the rising use of nanomaterials in photovoltaic film coatings, fuel cells, and batteries, the energy and power sector is expected to experience significant demand for nanomaterials, which will result in a CAGR of 14.9% over the forecast period. Nanoparticles are widely utilized in research exercises for getting productive model sun powered chargers, thermoelectric materials, and nano-bioengineering of proteins.
Global Nanomaterials Market By Application
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Nanomaterials Market Regional Insights
Asia Pacific dominated the nanomaterials market and accounted for the largest revenue share of 35.5% in 2021. The growing use of nanomaterials in the electronics, medical equipment, aerospace and defense, textile, and automobile industries is to blame for the expansion. The market's expansion in North America can be attributed to the region's reputation as a manufacturing powerhouse. Consistent endeavors in the Research and development of nanomaterials and nanotechnology, to investigate likely applications in different end-use enterprises, are supposed to drive the provincial market over the estimate period.Market expansion is anticipated to be aided by rising product demand from nanoelectronics and microelectronics due to rising use of advanced devices.
By 2028, the market in Europe is expected to reach USD 4.5 billion thanks to investment in the region's domestic markets and support from national governments. The 2D-Experimental Pilot Line (2D-EPL), a new collaborative project worth USD 23.0 million, was established by the European Commission to investigate the region's production of revolutionary electronic, photonic, and sensor components that incorporate graphene and layered nanomaterials.
The market in Central and South America is expected to expand significantly over the forecast period due to multinational corporations' focus on expanding into previously untapped markets.Brazil is acknowledged as a pioneer in nanomaterials research among all South American nations.Universities and other research institutions carry out technological research in the nation, which receives ample public funding.
In the economies of the Middle East and Africa, technological advancements in a variety of fields like electronics, medicine, and automobiles have significantly improved the standard of living for the majority of people.In the region, there has been an increase in the demand for electronic appliances as a result of the rising middle class's disposable income and the rising demand for opulent goods like mobile phones, laptops, and other electronic devices.
Global Nanomaterials Market By Region
- Largest
- Fastest
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Nanomaterials Market Dynamics
Nanomaterials Market Drivers
Digital Revolution is Increasing Demand for Nanomaterials in the Global Market
- The value sales growth of the market is being driven by the rising demand for nanomaterials in the electronic industry over the forecast period. Due to the global rise of the digital revolution, a variety of consumer electronics have seen rapid growth among global consumers in recent years. The demand for high-tech consumer electronics is being driven by consumers' rising disposable income in developing economies. The market is anticipated to expand in the coming years as a result of rising investments in research and development for the production of efficient and long-lasting electronic goods. In addition, the value sales growth of the global market is anticipated to be bolstered by increased R&D efforts to manufacture new nanomaterials.
Nanomaterials Market Restraints
Stringent Regulations to Hinder Market Growth
- The establishment of stricter regulations is anticipated to be prompted by a number of factors, including the anticipated rise in the number of people who will be exposed to these nanoparticles, activity exposure, and, as a result, the likely development of potentially harmful consequences in the coming years.Therefore, it is anticipated that the market's future expansion will be stifled by the anticipated increasing stringency of engineering and nanomaterials laws.
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Nanomaterials Market Competitive Landscape
Key industry players spend a lot of money on product and service innovation and making products that are tailored to the needs of customers.Numerous prominent players have been employing a variety of business strategies, including application development, capacity building, business expansion, collaborations, mergers and acquisitions, and so on, in order to maintain their level of competition in the global market.
Nanomaterials Market Top Players Company Profiles
- BASF SE
- DuPont de Nemours, Inc.
- Evonik Industries AG
- Arkema S.A.
- Cabot Corporation
- NanoMas Technologies, Inc.
- Nanophase Technologies Corporation
- Advanced Nano Products Co., Limited
- EPRUI Nanoparticles & Microspheres Co. Ltd.
- Graphene NanoChem plc
- Hyperion Catalysis International, Inc.
- Nanocyl SA
- Nanosys, Inc.
- QuantumSphere, Inc.
- Showa Denko K.K.
- Sun Chemical Corporation
- Bayer AG
- NanoMaterials Ltd.
- Nanoshel LLC
- Nanoscale Corporation
Nanomaterials Market Recent Developments
- In March 2021, Cabot Corporation announced the launch of the ENERMAX 6 series of carbon nanotubes (CNTs). The ENERMAX 6 carbon nanotube products are the company's latest development in the field of high-performance CNTs. It has proven to be the best conductive multi-wall CNT product in Cabot's portfolio.
- In March 2021, OCSiAl opened one of the cleanest facilities in the world for the production of distributed graphene nanotubes for lithium-ion batteries. The use of graphene nanotubes is currently the only cost-effective solution on the market to the degradation problem of silicon anodes. The newly opened factory sets a new safety standard: the entire production process, including the finished product dispersed packaging area and the quality control area, has been designed for a clean room class.
Nanomaterials Key Market Trends
- The personal care industry is booming, which is likely to provide enormous opportunities for the growth of the nanomaterials market in terms of value sales during the forecast period. This is because of the rise in consumers' disposable personal incomes. Cosmetics and skin care products are incorporating nanoparticles.For instance, oxide nanoparticles minimize the white coating on the skin and block ultraviolet rays. As a result, the adoption of nanomaterials in the personal care industry is likely to present enormous opportunities for market expansion in terms of value sales during the forecast period.
Nanomaterials Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our global nanomaterials market analysis, because of the product's enhanced surface area when applied and high superparamagnetic capabilities, the market is anticipated to be driven by rising demand for the product in electronic applications. Due to the use of goods in several in-vitro and in vivo applications, the use of nanoparticles is expanding in the medical sector as well. The market for nanomaterials is anticipated to expand as a result of increased investment from various research institutions and the biomedical sector in order to increase product penetration in targeted drug delivery, gene therapy, and the treatment of malignant tumors.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.48 billion |
| Market size value in 2031 | USD 32.83 billion |
| Growth Rate | 14.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Nanomaterials Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Nanomaterials Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Nanomaterials Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nanomaterials Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nanomaterials Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nanomaterials Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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