Polymeric Nanoparticles Market Beyond the Forecast Market Size's Skyrocketing Future Outlook

As per the latest Allied Market Research report, the global polymeric nanoparticles market was valued at $551.9 million in 2020 and is predicted to reach $1.51 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.6% between 2021 and 2030.

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Factors driving the growth of this market include increased demand from the pharmaceutical sector, as well as a surge in need from the automotive industry. However, complex manufacturing processes are hindering the market growth. Yet, the preference for polymeric nanoparticles in electronics manufacturing is expected to create new opportunities for market players in the coming years.

One of the impacts of the Covid-19 pandemic was the increased demand for nanoparticles for the detection and treatment of the virus. This has led to further research into the use of nanoparticles for virus detection and treatment. For example, nanoparticles can be developed to transfer drugs to specific tissues without increasing drug-related toxicity. Since the pandemic, the choice of polymer-based nanoparticles has increased as a successful method for delivering drugs directly to the targeted site.

The report segments the global polymeric nanoparticles market based on type, end-use industry, and region. The types are categorized into nanosphere and nanocapsule, with the nanosphere segment holding the largest market share in 2020, accounting for around three-fourths of the market. However, the nanocapsule segment is expected to demonstrate the highest CAGR of 10.5% from 2021 to 2030.

End-use industries include pharmaceutical, electronics, and others. The electronics segment is anticipated to record the highest CAGR of 10.9% during the forecast period. Meanwhile, the pharmaceutical segment was the leading contributor to the market in 2020, contributing around three-fifths of the market share.

Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America held the largest market share in 2020, accounting for nearly two-fifths of the total market. However, Asia-Pacific is expected to register the highest CAGR of 11.4% during the forecast period.

Some of the key players in the global polymeric nanoparticles market include Nano Research Elements, Aphios Corporation, Phosphorex, NanoSynthons LLC, CD Bioparticles, Creative PEGWorks, Biopharma PEG, Nanoshel, Exelead, and Nanovex Biotechnologies SL.

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