Global Nano-Chemicals Market Is Boosted By Increasing Usage Of Activated Carbon Across The Various Applications

SAN FRANCISCO, Nov. 14, 2017 Global Nano-Chemicals Market size is expected to reach $12.8 billion by 2024 from $6.9 billion in 2016; growing at a CAGR of 8.2% from 2016 to 2024. Nano chemicals display beneficial properties such as self-catalysis, anti-corrosion as compared to other conventional chemicals. These chemicals bring out chemical reactions in a lesser amount of time.

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Major driving factor of global nano-chemicals market are increase in usage of nano chemicals in sectors such as multifunctional coating, agro-chemicals, and manufacturing and expansion in nano chemistry. Restrictive governmental regulations about the manufacturing of chemicals are projected to offer high growth opportunities to the market in the next few years.
Type, application and geography are the major bifurcations of global nano chemicals market. Type segment comprises zeolites, clay, activated carbon, activated alumina silica gel, and other types. Activated carbon accounted for the largest market share in 2016, and is expected to continue its dominance during the forecast period 2016 – 2024, owning to increasing usage of activated carbon across the various applications. By application, the market has been categorized into petroleum refining, pet litter, food and beverages, water treatment, chemical processing, environmental, detergents, plastic processing, and other applications. Nano chemicals in cosmetics, nano chemical inplastic processing, and nano chemicals in food and beverages will witness the significant growth rate over the forecast period.

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Based on geography, the global Nano Chemicals market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia Pacific is expected to attain the fastest CAGR of 9.1% during the forecast period 2016 - 2024, driven by the increasing technological advancements and also due to rise in the economic conditions of the regions.

The major key players operating in the market are Akzo Nobel N.V, Du Pont de Nemours and Company, GrapheneNanoChem, BASF SE, ANP Co.,Ltd, Qinhuangdao Taiji Ring Nano-Products Co., Ltd., Carbon Nanotechnologies, NanoMas Technologies, Altair Nanotechnologies, and Advanced Nano Products, among others.

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Scope of the Global Nano chemicals Market

Type Segment
• Zeolites
• Clay
• Activated Carbon
• Silica Gels
• Activated Alumina
• Other Types

Application Segment
• Petroleum Refining
• Pet Litter
• Water Treatment
• Food and Beverages
• Chemical Processing
• Plastic Processing
• Environmental
• Detergents
• Other Applications

Geographical Segment
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Norway
o Russia
o Rest of Europe

• Asia-Pacific
o China
o India
o Indonesia
o Rest of Asia-Pacific

• RoW
o South America
o Middle East
o Africa

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