What is the global market size of Nanomaterials Market?

Global Nanomaterials Market size was valued at USD 9.48 billion in 2021 and is poised to grow from USD 10.88 billion in 2022 to USD 32.83 billion by 2030, growing at a CAGR of 14.8% in the forecast period (2023-2030).

Nanomaterials Market Size, Share, Growth Analysis, By Type (Carbon Nanotubes, Titanium Nanoparticles), By Application (Electronics, Medical), By Region - Industry Forecast 2025-2032

Report ID: SQMIG15B2044 | Region: Global | Published Date: November, 2024
Pages: 242 | Tables: 75 | Figures: 75

Nanomaterials Market News

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.

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Global Nanomaterials Market size was valued at USD 12.22 billion in 2022 and is poised to grow from USD 14.42 billion in 2023 to USD 45.82 billion by 2031, growing at a CAGR of 15.55% during the forecast period (2024-2031).

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. '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'

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.

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.

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.

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Nanomaterials Market Size, Share, Growth Analysis, By Type (Carbon Nanotubes, Titanium Nanoparticles), By Application (Electronics, Medical), By Region - Industry Forecast 2025-2032

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