The global Nanomaterials market size is expected to be worth around US$ 30.1 billion by 2030, according to a new report by Vision Research Reports.
The global Nanomaterials market size was valued at US$ 10.0 billion in 2020 and is anticipated to grow at a CAGR of 15.1% during forecast period 2021 to 2030.
|Market Size||US$ 30.1 Billion by 2030|
|Growth Rate||CAGR of 15.1% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Strem Chemicals, Inc.; American Elements; US Research Nanomaterials, Inc.; Nanocomposix, Inc.; Frontier Carbon Corporation; Nanoshel LLC, SkySpring Nanomaterials, Inc.; Nanophase Technologies Corporation; Cytodiagnostics, Inc.; Quantum Materials Corp.|
Factors such as increasing applications of nanomaterials in electronics and biomedical domains, financial support from the government, ongoing R&D, and rapid economic growth are expected to drive the market in the forecast period.
The growth of the market is adversely affected by the economic crisis and lockdown caused by the Covid-19 pandemic. However, industries are gradually shifting towards a new normal to gain a similar growth trend as before the pandemic. Key players are dominating the market by offering a diversified product portfolio. Manufacturers provide products on the basis of standard and design specifications provided by the end-users. However, an increasing number of potential suppliers is expected to bring down the supplier’s bargaining power to moderate.
By Product Analysis
The carbon nanotubes segment dominated the market and accounted for the largest revenue share of 23.7% in 2020 and is widely used in lithium-ion batteries as they exhibit the highest reversible capacity.
The titanium nanoparticles segment accounted for a significant revenue share of 22.2% in 2020. The growth can be attributed to its growing applications in aerospace, chemicals, medical, petrochemicals, and architectural industries.
The silver nanoparticles segment accounted for the second-largest revenue share of 13.5% in 2020. These are used in a broad range of applications as antimicrobial agents, biomedical device coatings, drug-delivery carriers, imaging probes, and diagnostic.
Aluminum Oxide nanomaterials are expected to witness a significant rise in demand on account of their exceptional structural and physicochemical properties, including superior resistance to mechanical stress, chemicals, and wear.
By Application Analysis
The medical application segment led the market and accounted for the largest revenue share of around 29.98% in 2020. This growth can be attributed to its wide range of applications, including imaging, targeted drug delivery, nanorobots for surgery, nanodiagnostics, cell repair, and nanobiosensors.
The paints and coatings segment is expected to witness significant growth owing to the development of modern techniques to tailor the manufacture and use of nanomaterials in the coating industry for specific needs.
The demand for nanomaterials in electronics applications is significantly increasing owing to their rising penetration as nanowires, spintronics, and quantum dots in the nanoelectronics industry.
The energy and power sector is projected to witness significant demand for nanomaterials and is expected to witness a CAGR of 15.9% over the forecast period, owing to the increasing consumption of nanomaterials in batteries, fuel cells, and photovoltaic film coatings.
By Regional Analysis
Asia Pacific dominated the nanomaterials market and accounted for the largest revenue share of 37.5% in 2020. The growth can be attributed to the growing use of nanomaterials in electronics, medical equipment, aerospace and defense, textiles, and automotive industries.
In Europe, the market is expected to reach USD 4.5 billion by 2030, owing to support from the national governments and investment in the respective domestic markets in the region.
In Central and South America, the market is anticipated to witness significant growth over the forecast period as several multinational companies are focusing on the expansion of their businesses in the untapped markets of the region.
Strem Chemicals, Inc.
US Research Nanomaterials, Inc.
Frontier Carbon Corporation
SkySpring Nanomaterials, Inc.
Nanophase Technologies Corporation
Quantum Materials Corp
Antimony Tin Oxide
Energy & power
Paints & Coatings
Central & South America
Middle East & Africa
The Nanomaterials market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Nanomaterials market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Nanomaterials market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Nanomaterials market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Nanomaterials market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Nanomaterials capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Nanomaterials by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Nanomaterials market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Nanomaterials market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Nanomaterials market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Nanomaterials industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Nanomaterials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Nanomaterials market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Nanomaterials market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Nanomaterials market. These factors have benefited the growth of the global market for Nanomaterials. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Nanomaterials. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Nanomaterials are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
Aerosol Market (By Material: Steel, Aluminium; By Type: Bag-In-Valve, Standard; By Application: Personal Care, Household) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.Read more...
Waste Management Market (By Service Type: Collection, Transportation, Disposal: By Waste Type: Industrial Waste, E-waste) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.Read more...
Lithium Market (By Product: Carbonate, Hydroxide; By Application: Automotive, Consumer Goods, Grid Storage) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.Read more...
Conformal Coatings Market (By Product: Acrylic, Epoxy, Urethane, Silicone, and Parylene; By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.Read more...
Polymer Foam Market (By Type: Polystyrene, Polyurethane, Polyolefin, Melamine, Phenolic, PVC; By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.Read more...