Comprehensive Market Analysis on Advanced Nanomaterials Market projected to reach USD 32.4 Billion by 2030 | CAGR of 14.7% | Forecast period 2023-2030, published by MarketDigits

Advanced Nanomaterials Market Scope:
Market size value in 2023 - USD 10.8 Billion
Market size value in 2030 - USD 32.4 Billion
CAGR (2023-2030) - 14.7%
Forecast Period - 2023-2030
Segments Covered - Materials, Application and Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Asahi Kasei Corporation, Toray Industries, Inc., Nitto Denko Corporation, Sumitomo Chemical Co., Ltd., Mitsubishi Chemical Corporation, Toyo Ink SC Holdings Co., Ltd., Graphenea, QuantumSphere, Inc.

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Browse in-depth TOC on Advanced Nanomaterials Market
178-Tables
95-Figures
335-Pages

North America dominates the market for Advanced Nanomaterials.
Asia Pacific dominated the advanced nanomaterials market. The Asia Pacific region is experiencing rapid economic growth and industrialization. This is driving the demand for advanced nanomaterials in a wide range of industries, such as electronics, energy and environment, healthcare, and aerospace and defense. There is a large and growing nanomaterials industry in the Asia Pacific region. This industry is supported by a number of leading nanomaterials companies, such as Samsung SDI, LG Chem, and Toray Industries. The cost of manufacturing advanced nanomaterials is relatively low in the Asia Pacific region. This is making the region an attractive destination for foreign investment in the nanomaterials industry.
Asia Pacific region is expected to continue to dominate the advanced nanomaterials market in the coming years. This is due to the region's rapid economic growth and industrialization, government support for nanotechnology research and development, presence of a large and growing nanomaterials industry, and low manufacturing costs. Also, Asia Pacific are the fastest growing region for the advanced Nanomaterials market. South Korea's Ministry of Trade, Industry and Energy (MOTIE) has launched a new program to support the development and commercialization of advanced nanomaterials. The program will provide funding to companies that are developing new nanomaterials and applications.

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Top Key Players Covered in the Report-
BASF SE, Dow, DuPont, Arkema S.A., Evonik Industries, Solvay, Cabot Corporation, W.R. Grace & Co., 3M, Asahi Kasei Corporation, Toray Industries, Inc., Nitto Denko Corporation, Sumitomo Chemical Co., Ltd., Mitsubishi Chemical Corporation, Toyo Ink SC Holdings Co., Ltd., Graphenea, QuantumSphere, Inc., InMat Inc., Sigma-Aldrich, Aaxis Nano Technologies Pvt. Ltd., Carbotecnia, Proventus Global and Others

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Recent Developments-
In December 2023, California NanoSystems Institute at University of California, Los Angeles (UCLA) launched the nanoparticles made with six medium-entropy alloy nanoparticles combined nickel, palladium, and platinum. The material is used for medium- and high-entropy alloys essential components of buildings, transportation, appliances, tools, and electronic devices.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-advanced-nanomaterials-market-projected-to-reach-usd-324-billion-by-2030

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This release was published on openPR.