The Global Nanomaterials Market Calculated to Flourish at $75.50 Billion by 2028

A recent study by Triton Market Research titled 'Global Nanomaterials Market' includes the Global Analysis and Forecasts by Material Type (Nanoclay, Nanocellulose, Dendrimers, Carbon-based Nanomaterials [Carbon nanotubes, Graphene, Fullerenes], Metal Oxides [Iron Oxide, Aluminum Oxide, Copper Oxide, Antimony Tin Oxide, Cerium Oxide, Bismuth Oxide, Manganese Oxide, Zirconium Oxide, Magnesium Oxide, Cobalt Oxide, Titanium dioxide, Zinc Oxide, Silicon Dioxide], Metals [Silver, Nickel, Gold], Quantum Dots), End-user (Healthcare, Electronics, Energy, Construction, Cosmetics and Personal Care, Rubber Processing, Other End-users), and by Geography (Middle East and Africa, Latin America, Asia-Pacific, Europe, North America).

Nanoparticles are widely used across various end-user segments, such as construction, electronics, and healthcare. They are produced from carbon and minerals like silver.

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Triton's research report represents that the global nanomaterials market is estimated to expand at a CAGR of 14.94% and 15.61% in revenue and volume, respectively, during the years 2021-2028. The market is projected to garner revenue worth $75.50 billion by 2028.

Nanomaterials are widely used for various applications, including glass and optics, owing to their lightweight properties. The surface area to volume ratio for material made of nanoparticles has a substantial effect on the material's properties. Hence, the rise in demand for lightweight products and governmental support is widening the scope of the nanomaterials market globally.

Conversely, high processing costs and strict environmental regulations are impeding the nanomaterials market's growth across the globe.

The nanomaterials market is segmented into material type and end-user. The material type segment is divided into nanoclay, nanocellulose, dendrimers, carbon-based nanomaterials, metal oxides, metals, and quantum dots. The carbon-based nanomaterials section is further sub-segmented into carbon nanotubes, graphene, and fullerenes. Similarly, metal oxides is branched into oxide, aluminum oxide, copper oxide, antimony tin oxide, cerium oxide, bismuth oxide, manganese oxide, zirconium oxide, magnesium oxide, cobalt oxide, titanium dioxide, zinc oxide, and silicon dioxide. The metals section is trifurcated into silver, nickel, and gold. Lastly, the end-user segment is categorized into healthcare, electronics, energy, construction, cosmetics and personal care, rubber processing, and other end-users.

Globally, the Asia-Pacific holds the largest market for nanomaterials. In recent years, the region has witnessed significant growth in the electrical and electronics segment. Besides, several manufacturers are actively participating in the expansion plans. Further, rapidly improving infrastructure and the availability of skilled labor at competitive rates are facilitating the expansion for nanomaterials manufacturers. Therefore, as stated above, all these factors are driving the progression of the nanomaterials market.

Nanophase Technologies Corporation, Showa Denko KK, Arkema, Dupont, Nanoco Technologies Ltd, Daikin, Nanosys, Nanocyl SA, Raymor Industries, BASF, and Covestro AG are renowned firms in the nanomaterials market.

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Question & Answer: Nanomaterials Market

Question 1: What major factors are widening the scope of the nanomaterials market globally?
Answer: Nanomaterials are widely used for various applications, including glass and optics, owing to their lightweight properties. The surface area to volume ratio for material made of nanoparticles has a substantial effect on the material's properties. Hence, the rise in demand for lightweight products and governmental support is widening the scope of the nanomaterials market globally.

Question 2: What factors are impeding the nanomaterials market's growth?
Answer: The high processing costs and strict environmental regulations are impeding the nanomaterials market's growth across the globe.

Question 3: Which region holds the largest market for nanomaterials?
Answer: Globally, the Asia-Pacific holds the largest market for nanomaterials. In recent years, the region has witnessed significant growth in the electrical and electronics segment. Besides, several manufacturers are actively participating in the expansion plans. Further, rapidly improving infrastructure and the availability of skilled labor at competitive rates are facilitating the expansion for nanomaterials manufacturers. Therefore, as stated above, all these factors are driving the progression of the nanomaterials market.

Question 4: Which are the renowned firms in the nanomaterials market?
Answer: Nanophase Technologies Corporation, Showa Denko KK, Arkema, Dupont, Nanoco Technologies Ltd, Daikin, Nanosys, Nanocyl SA, Raymor Industries, BASF, and Covestro AG are renowned firms in the nanomaterials market.

Related Report:
Global Paints & Coatings Market - https://www.tritonmarketresearch.com/reports/paints-and-coatings-market

The global paints & coatings market is likely to propel at a CAGR of 5.34% in revenue and 4.30% in volume during the period of 2019-2027 while attaining $229.71 billion by 2027.

The paints and coating industry is among the highly-regulated industries globally. As a result, several producers have been compelled to adopt low-solvent and solventless technologies in the industry.

Factors such as evolution in the automotive industry, increasing infrastructure projects, surged demand from aerospace and marine industries, and the rising importance of paints & coatings are driving the studied market's growth.

Additionally, the surge in demand from emerging economies, shift towards the adoption of sustainable products, and the emergence of Nano polymers are opening new avenues for the paints & coatings market.

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This release was published on openPR.