Press release
Nanomaterial market is expected to reach a CAGR of 23.1%
complex-oxide nanomaterials marketplace, complex-oxide nanomaterials market analysis, complex-oxide nanomaterials market economy,
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The global nanomaterial market is expected to reach $11.8 billion by 2020 showing a compound annual growth rate of 23.1%. The various governments spending in the nanotechnology is increasing with China and the Unites States topping list. The United States is spending more than $1.5 billion in their National Nanotechnology Initiative. China has surpassed US in spending on nanotechnology.
One of the major application of Lithium Titanate is in Lithium-ion batteries whose consumption was over 300 million in 2015. Calcium Phosphate is used in manufacturing implant materials, cosmetics, food supplements and in purification and deposition of biotechnological products. Of late there has been a lot of patents application of calcium phosphate in implantations in maxillofacial surgery, mainly in dental implants which was valued around US $4.19 billion in 2015.
North America leads the nanomaterial market followed by Europe owing to their usage of electronics and healthcare products. Good growth of nanomaterials was witnessed in Asia region during last 5 years due to: Government support, continued environmental consciousness and Expected increase in demand for specialty materials.
The major manufacturers of these nanomaterials are EPRUI Nanomaterials & microspheres, SkySpring Nanomaterials, American Elements, Tiankang, Altair Nanotechnologies, REINSTE, DuPont , Silco International, Polyscience, Nanoamor.
DRIVERS:-
One of the major driver driving this market is the emerging application of carbon nanomaterials in aircraft, nano-medicines, consumer goods and water treatment industry. There has also been an increase in funding from both government and private sectors in this field to develop new applications of these materials and discover new production techniques.
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OPPURTUNITIES:-
Nanomaterials have great potential in healthcare, consumer goods and batteries industry. The application of lithium titantae in Li-ion batteries is expected to pick up a nice pace in coming years at double digit growth rate.
WHAT THIS REPORT CONTAINS:-
Lastly, the report is divided by geography - North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years. The various applications of Complex-Oxide nanomaterials have been discussed in detail in addition to a comprehensive overview of the market.
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