Global Nanomaterials Market by Product (Titanium Dioxide, Carbon Nanotubes), by Application (Paints & Coatings, Electronics, Medical) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global nanomaterials market was valued at USD 8.5 billion in 2019. It is projected to grow at a compound annual rate (CAGR), of 13.1% between 2020 and 2027. The market is expected to grow due to the high potential for product adoption in aerospace applications. This will help to increase the strength and durability for aircraft parts. The market is expected to be driven by rapid developments in healthcare technology and growth in medical diagnostics. There are also many advantages associated with medicinal imaging applications. The market will be boosted by increased research on nanotechnology, rising government spending on pharmaceutical R&D and biotechnology.

Due to the rising demand for nanomaterials in various industries, the U.S. will continue to be a major market. The biomedical sector is expected to see the most use of nanomaterials due to the rising incidence of chronic diseases and the aging population. The European Commission's regulatory review of nanoparticles found that they are similar to chemical or standard substances in which some may be toxic. Specific nanomaterials and their applications pose potential risks. Risk evaluation must be done on a case by case basis.

It is expected that the availability of raw materials such as metals, polymers and alloys for the production of nanomaterials will increase its acceptance. This can be aided by innovative synthesis methods that reduce overall costs. Volatility in raw materials prices can affect the cost of end products and result in lower profit margins for manufacturers. The commercialization of nanotechnology is hindered by toxicology assessment of nanomaterials. A standard international labeling system has been established for consumer products that contain manufactured nano-objects. This allows consumers to make informed purchasing decisions and allow them to use the product. The current labeling standard lists only the manufactured nano-objects in a product.

Product Insights

In 2019, carbon nanotubes held 26.9% of the market. They are used extensively in lithium-ion battery production because they have the highest reversible capacities. They are also highly desirable for the production supercapacitor electrodes. They are ideal for use as electrode catalysts in PEM fuel cell due to their large surface area and high thermal conductivity.

Due to their ability to prevent bacterial growth and to prevent the formation of new cell structures, titanium dioxide nanoparticles will see a significant increase in demand. This segment is projected to grow by a significant amount over the forecast period, reaching USD 4.1 billion in 2027.

Graphene nanoparticles will experience the fastest growth rate over the forecast period. This can be attributed in part to their growing demand for many applications in energy, environment, and biomedical sciences. Graphene nanoparticles can also be used in many biomedical applications such as graphene-enhanced cells differentiation and growth, biosensing and ionization to mass spectrometry.

Because of their outstanding structural and physicochemical characteristics, aluminum oxide nanoparticles can be used in many different applications. These nanoparticles are highly sought after due to their low cost and easy availability.

Application Insights

Market share for medical applications was 29.1% in 2019. It is expected to grow significantly over the forecast period owing to its broad range of applications including imaging, targeted drug delivery and nanorobots to surgery.

The electronics industry is experiencing rapid development, which will lead to an increase in high-tech products. This will likely have a positive impact on the demand for nanomaterials. Nanomaterials are used as coatings in printed electronics, nanoelectronics, and nanoelectromechanical systems on account of their high magnetic susceptibility, which provides an effective magnetic enhancement.

Due to increasing use of nanoparticles fuel cells and photovoltaic films coatings, the energy and power sector will see a significant increase in demand for these nanomaterials. Research activities involving nanoparticles include the development of prototype solar panels, thermoelectric materials, as well as nano-bioengineering enzymes.

Due to rising demand for more efficient vehicles and efforts to reduce carbon footprint, nanomaterials are rapidly gaining ground in the automotive industry. As cost-effective solutions to greatly improve the sustainability of automotive paints or coatings, nanomaterials like nanopowders/nanocoatings are becoming more popular.

Regional Insights

In 2019, the Asia Pacific had a 34.5% market share. Due to the rapid growth of the semiconductor manufacturing industry and increasing product penetration, the region will see the most growth. A 16.2% CAGR is expected for the region over the forecast period. This is due to the increasing demand of nanomaterials, both microelectronics-based and nanoelectronics, as well as the increased usage of advanced devices.

North America's economy is characterised by high levels of diversity due to its presence of advanced and developed economies like the U.S.A. and Canada. The market for nanomaterials is expected to grow over the forecast period due to continuous efforts in research and development of nanoparticles.

Europe will reach USD 4.7 Billion by 2027 due to increasing investments in technology for efficient harnessing renewable energy and the ability of nanoparticles increase the efficiency organic solar cells. The forecast period will see a rise in the use of nanoparticles to diagnose and treat various medical conditions.

The U.S. market for nanomaterials will experience the greatest growth due to its increasing application in different industries, including energy, biomedical, and wastewater treatment. Due to nanoparticles' unique properties, which have a large surface area and a decreasing particle size, the market for nanomaterials will grow over the forecast period.

Market Share Insights & Key Companies

Nanomaterials are currently only being commercialized by a few manufacturers. Research laboratories continue to explore the potential uses of this product. Major manufacturers are still involved in the supply and specification of suitable products. The market leader in nanomaterials is able to offer a broad range of nanomaterials that meet diverse technical specifications. Companies continue to expand their product range using innovative and advanced techniques to meet customer needs. The following are some of the most prominent players in nanomaterials markets:

• Strem Chemicals, Inc.

• American Elements

• US Research Nanomaterials, Inc.

• Nanocomposix, Inc.

• Reade International Corporation

• NanoMaterials Technology Pte Ltd.

• Frontier Carbon Corporation

• Nanoshel LLC

• SkySpring Nanomaterials, Inc.

• Nanografi Nano Technology

• Cytodiagnostics, Inc.

• Quantum Materials Corp.

• Hyperion Catalysis International Inc.

• Nanostructured & Amorphous Materials, Inc.

• Nanophase Technologies Corporation

Up Market Research published a new report titled “Nanomaterials Market research report which is segmented by Product (Titanium Dioxide, Carbon Nanotubes), by Application (Paints & Coatings, Electronics, Medical), By Players/Companies Nanografi Nano Technology, SkySpring Nanomaterials Inc, American Elements, Hyperion Catalysis International Inc, NanoMaterials Technology Pte Ltd, Quantum Materials Corp, Frontier Carbon Corporation, Nanoshel LLC, Reade International Corporation, Strem Chemicals Inc, Cytodiagnostics Inc, Nanostructured & Amorphous Materials Inc, US Research Nanomaterials Inc, Nanophase Technologies Corporation, Nanocomposix Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Nanomaterials Market Report Segments:

The market is segmented by Product (Titanium Dioxide, Carbon Nanotubes), by Application (Paints & Coatings, Electronics, Medical).

Nanomaterials Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Nanomaterials Market

Overview of the regional outlook of the Nanomaterials Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Nanomaterials Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Nanomaterials Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Titanium Dioxide

                2. Carbon Nanotubes

                1. Paints & Coatings

                2. Electronics

                3. Medical

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Nanomaterials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Nanomaterials Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.