Press release
Nanomaterials Market 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : BASF SE, Bayer AG, Chasm Technologies Ltd., Cnano Technology, DuPont Air Products Nanomaterials LLC
Nanomaterials Global Market Report
The Business Research Company offers in-depth market insights through Nanomaterials Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The nanomaterials market size has grown rapidly in recent years. It will grow from $14.77 billion in 2023 to $17.02 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to increased funding for research and development activities, growing demand for compact and powerful devices, advancements in camera technology, growing demand for high-quality video content, increased adoption of smartphones and other mobile devices.
The nanomaterials market size is expected to see rapid growth in the next few years. It will grow to $30.62 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to growing demand for nanomaterials in drug delivery systems, increasing adoption of nanomaterials in tissue engineering, emerging energy storage solutions, increased aerospace applications, electronics miniaturization. Major trends in the forecast period include advancements in nanotechnology research, advancements in nanotechnology, focus on biocompatibility and biodegradability properties, nanomaterials in 3d printing, collaborative research initiatives, adoption of synthetic and natural polymers in nanofabrication.
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Market Segmentation:
The nanomaterials market covered in this report is segmented -
1) By Material Type: Carbon Based Nanomaterials, Metal And Non-Metal Oxides, Metal Based Nanomaterials, Dendrimers Nanomaterials, Nanoclay, Nanocellulose, Other Materials
2) By Structure Type: Non-Polymer Organic Nanomaterials, Polymeric Nanomaterials
3) By End User: Paint And Coatings, Packaging, Construction, Electronics And Consumer Goods, Other End-Users
Major Driver - Surging Use Of Nanomaterials In Healthcare Industry Drives Nanomaterials Market Growth
The increase in the usage of nanomaterials in the healthcare industry across the globe is contributing to the growth of the nanomaterials market. Nanomaterials are employed in the healthcare industry to target abnormalities in individual cells and even sub-cells and to boost the action of vaccinations and medicines by easily accessing the body. Hence, the demand for nanomaterials is rising with the increase in the application of nanomaterials in healthcare. For instance, according to the Press Trust of India (PTI), an India-based press company report published in 2021, worldwide, there are around 400 major nanotech companies of which, half of the companies are nanomedicine related. In addition, out of the total 30 to 40 major nanotech companies in India, half are related to healthcare. Therefore, the growing presence and usage of nanomaterials in the healthcare industry are expected to fuel the growth of the nanomaterials market over the forthcoming years.
Competitive Landscape:
Major companies operating in the nanomaterials market report are BASF SE, Bayer AG, Chasm Technologies Ltd., Cnano Technology, DuPont Air Products Nanomaterials LLC, Elmarco Ltd., Finetex ENE Inc., Glonatech SA, Kuraray Co. Ltd., Nanocyl SA, NanoViricides Inc., Sumitomo Corporation, Showa Denko Materials Co. Ltd., Zyvex Technologies, US Research Nanomaterials Inc., Nanocomposix Inc., Frontier Carbon Corporation, Nanoshel LLC, SkySpring Nanomaterials Inc., Cytodiagnostics Inc., Strem Chemicals Inc., American Elements Corporation, Arkema SA, Taiwan Semiconductor Manufacturing Company Ltd., Thermo Fisher Scientific Inc., Fujitsu Ltd., Altairnano Inc., Nano Magic LLC, Imina Technologies SA, Kleindiek Inc., Advanced Nano Products Co. Ltd., Bruker Corporation, Biosensors International Group Ltd., Espin Technology Inc., Nanonics Imaging Ltd., Vive Crop Protection Inc., Johnson Matthey plc, UP Catalyst Ltd., Liquidia Technologies Inc., Applied Nanodetectors Ltd., EyePoint Pharmaceuticals Inc., Nanoco Group plc, Surrey NanoSystems Ltd., Ilika Technologies Ltd., Nanobiotix SA, DUST Identity Inc., Leia Inc., actnano Inc., Hummingbird Scientific Corporation, Voyant Photonics Inc., Nanotech Systems Ltd., Nanosys Inc., Nanophase Technologies Corporation, Nanogate AG
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Top Trend - Advancements In Nanoscale Electrolytes Transforming The Nanomaterials Market
Major companies operating in the nanomaterials market are developing new materials to gain a competitive edge in the market. For instance, in November 2022, American Elements, a US-based materials company launched unveiled a breakthrough nanoscale electrolyte material designed for cutting-edge Lithium-Sulfur Battery technology. This novel ceramic compound comprises lithium, lanthanum, and zirconium oxide nanoparticles, offering enhanced energy density and stability across a broader temperature range compared to conventional electrolytes in commercial lithium-ion batteries.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nanomaterials Market Characteristics
3. Nanomaterials Market Trends And Strategies
4. Nanomaterials Market - Macro Economic Scenario
5. Nanomaterials Market Size And Growth
…..
27. Nanomaterials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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