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:
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Strem Chemicals, Inc.
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American Elements
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US Research Nanomaterials, Inc.
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Nanocomposix, Inc.
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Reade International Corporation
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NanoMaterials Technology Pte Ltd.
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Frontier Carbon Corporation
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Nanoshel LLC
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SkySpring Nanomaterials, Inc.
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Nanografi Nano Technology
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Cytodiagnostics, Inc.
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Quantum Materials Corp.
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Hyperion Catalysis International Inc.
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Nanostructured & Amorphous Materials, Inc.
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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
Report Attributes | Report Details |
Report Title | Nanomaterials Market Research Report |
By Product | Titanium Dioxide, Carbon Nanotubes |
By Application | Paints & Coatings, Electronics, Medical |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 202 |
Number of Tables & Figures | 142 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Nanomaterials Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Titanium Dioxide
2. Carbon Nanotubes
7. By Application:1. Paints & Coatings
2. Electronics
3. Medical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nanomaterials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nanomaterials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nanomaterials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nanomaterials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nanomaterials Market Size & Forecast, 2018-2028
4.5.1 Nanomaterials Market Size and Y-o-Y Growth
4.5.2 Nanomaterials Market Absolute $ Opportunity
Chapter 5 Global Nanomaterials Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Nanomaterials Market Size Forecast by Product
5.2.1 Titanium Dioxide
5.2.2 Carbon Nanotubes
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Nanomaterials Market Analysis and Forecast by Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Application
6.1.2 Basis Point Share (BPS) Analysis by Application
6.1.3 Absolute $ Opportunity Assessment by Application
6.2 Nanomaterials Market Size Forecast by Application
6.2.1 Paints & Coatings
6.2.2 Electronics
6.2.3 Medical
6.3 Market Attractiveness Analysis by Application
Chapter 7 Global Nanomaterials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nanomaterials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Nanomaterials Analysis and Forecast
9.1 Introduction
9.2 North America Nanomaterials Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Nanomaterials Market Size Forecast by Product
9.6.1 Titanium Dioxide
9.6.2 Carbon Nanotubes
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
9.10 North America Nanomaterials Market Size Forecast by Application
9.10.1 Paints & Coatings
9.10.2 Electronics
9.10.3 Medical
9.11 Basis Point Share (BPS) Analysis by Application
9.12 Absolute $ Opportunity Assessment by Application
9.13 Market Attractiveness Analysis by Application
Chapter 10 Europe Nanomaterials Analysis and Forecast
10.1 Introduction
10.2 Europe Nanomaterials Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Nanomaterials Market Size Forecast by Product
10.6.1 Titanium Dioxide
10.6.2 Carbon Nanotubes
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
10.10 Europe Nanomaterials Market Size Forecast by Application
10.10.1 Paints & Coatings
10.10.2 Electronics
10.10.3 Medical
10.11 Basis Point Share (BPS) Analysis by Application
10.12 Absolute $ Opportunity Assessment by Application
10.13 Market Attractiveness Analysis by Application
Chapter 11 Asia Pacific Nanomaterials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nanomaterials Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Nanomaterials Market Size Forecast by Product
11.6.1 Titanium Dioxide
11.6.2 Carbon Nanotubes
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
11.10 Asia Pacific Nanomaterials Market Size Forecast by Application
11.10.1 Paints & Coatings
11.10.2 Electronics
11.10.3 Medical
11.11 Basis Point Share (BPS) Analysis by Application
11.12 Absolute $ Opportunity Assessment by Application
11.13 Market Attractiveness Analysis by Application
Chapter 12 Latin America Nanomaterials Analysis and Forecast
12.1 Introduction
12.2 Latin America Nanomaterials Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Nanomaterials Market Size Forecast by Product
12.6.1 Titanium Dioxide
12.6.2 Carbon Nanotubes
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
12.10 Latin America Nanomaterials Market Size Forecast by Application
12.10.1 Paints & Coatings
12.10.2 Electronics
12.10.3 Medical
12.11 Basis Point Share (BPS) Analysis by Application
12.12 Absolute $ Opportunity Assessment by Application
12.13 Market Attractiveness Analysis by Application
Chapter 13 Middle East & Africa (MEA) Nanomaterials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nanomaterials Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Nanomaterials Market Size Forecast by Product
13.6.1 Titanium Dioxide
13.6.2 Carbon Nanotubes
13.7 Basis Point Share (BPS) Analysis by Product
13.8 Absolute $ Opportunity Assessment by Product
13.9 Market Attractiveness Analysis by Product
13.10 Middle East & Africa (MEA) Nanomaterials Market Size Forecast by Application
13.10.1 Paints & Coatings
13.10.2 Electronics
13.10.3 Medical
13.11 Basis Point Share (BPS) Analysis by Application
13.12 Absolute $ Opportunity Assessment by Application
13.13 Market Attractiveness Analysis by Application
Chapter 14 Competition Landscape
14.1 Nanomaterials Market: Competitive Dashboard
14.2 Global Nanomaterials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nanografi Nano Technology
14.3.2 SkySpring Nanomaterials Inc
14.3.3 American Elements
14.3.4 Hyperion Catalysis International Inc
14.3.5 NanoMaterials Technology Pte Ltd
14.3.6 Quantum Materials Corp
14.3.7 Frontier Carbon Corporation
14.3.8 Nanoshel LLC
14.3.9 Reade International Corporation
14.3.10 Strem Chemicals Inc
14.3.11 Cytodiagnostics Inc
14.3.12 Nanostructured & Amorphous Materials Inc
14.3.13 US Research Nanomaterials Inc
14.3.14 Nanophase Technologies Corporation
14.3.15 Nanocomposix Inc