3 Key Insights on US$ 20 Bn Opportunity in the Global Nanomaterials Market: Ken Research

Driven by the increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries, growing investments in research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments, the Global Nanomaterials Market is Forecasted to Reach ~US$ 20 Bn by 2028 says Ken Research Study.

Nanomaterials are materials that have at least one external dimension that lies between 1-100 nanometers or internal structures that measure 100 nanometers or less. These can occur naturally or be formed by combustion reactions through nanotechnology to be used for a particular purpose. These can be in the form of fibers, particles, tubes, or rods. The properties of the bulk form of nanomaterials can be different from that of the individual nanomaterials that are used to form them. Due to their properties such as electrical conductivity, hardness, elasticity, high strength, and chemical resistance, the application of nanomaterials is on the rise in the healthcare, automotive, electronics, and chemicals industries among others.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Superior Physical and Chemical Properties of Nanomaterials are helping the Market's Growth
According to Research estimates, the Global Nanomaterials Market - which was valued from around US$ 6 Bn in 2017 to nearly US$ 10 Bn by 2022 - is expected to grow further to ~ US$ 20 Bn opportunity by 2028.

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Some of the factors that propel the growth of the Nanomaterials market over the forecast period include nanomaterials being significantly different from other materials due to their increased surface area and quantum effects which give them properties such as electrical conductivity, strength, and reactivity as compared to materials made of larger particles of the same mass.

2. Growing Applications of Nanomaterials across All Major End-user Industries is helping the Market Growth
The Nanomaterials market is going to get a boost due to the increasing application of such materials in the healthcare, electronics, and automotive industries among others. These materials have high magnetic susceptibility so these are ideal for nano-electromechanical systems, and Nano electronics, and are used as coatings in printed electronics because they are more effective in magnetic enhancement. Their ability to be used as quantum dots, spintronic, and nanowires is also helping in the increase in demand for nanomaterials in the electronics industry.

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3. High Costs Associated with the Processing of Nanomaterials are A Major Challenge to the Growth of the Market
The high processing costs associated with Nanomaterials act as a major hindrance to the growth of the market. The cost is generally much higher because of the synthetic processes such as self-assembly methods and covalent synthesis. Also to create patterned nanostructures, computer simulation and modeling techniques are used which add to the processing cost.

Key Topics Covered in the Report: -
Snapshot of the Global Nanomaterials Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Nanomaterials Market
Historic Growth of the Overall Global Nanomaterials Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Nanomaterials Market
Overview, Product Offerings, and SWOT Analysis of Key Competitors
COVID-19 Impact on the Overall Global Nanomaterials Market
Future Market Forecast and Growth Rates of the Total Global Nanomaterials Market and by Segments
Market Size of Fiber Type / End User Segments with Historical CAGR and Future Forecasts
Analysis of the Nanomaterials Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

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Major Players Mentioned in the report
Arkema
Strem
BASF SE
American Elements
Evonik AG
US Research Nanomaterials, Inc.
nanoComposix
Frontier Carbon Corporation
Quantum Materials Corp.
Cytodiagnostics Inc.
Cabot Corporation

Notable Emerging Companies Mentioned in the Report
Log9 Materials
StoreDot
A123 Systems LLC
GegaDyne Energy Labs Pvt Ltd.
Nanoramic® Laboratories

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
Nanomaterials Manufacturers
Nanomaterials Suppliers
Raw Materials Suppliers for Nanomaterials Industry
Chemical Companies
Specialty Material Companies
Investors and Venture Capitalists in the Nanomaterials Industry
Market Research & Consulting Firms
Start-ups & Incumbents in Nanomaterials Industry
Company Research and Development Institutes
Government & Regulatory Authorities
Nanotechnology Companies

Time Period Captured in the Report
Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: -
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/global-nanomaterials-market-outlook-2028/596166-101.html

Ken Research Pvt. Ltd.

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.