PUBLISHER: The Business Research Company | PRODUCT CODE: 1392791
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392791
“Nanomaterials Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nanomaterials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nanomaterials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The nanomaterials market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Nanomaterials are a category of materials characterized by internal structures of 100 nm or less or at least one exterior dimension that is 100 nm or less. Research in nanomaterials leverages advancements in materials metrology and synthesis, primarily derived from microfabrication studies, providing a materials science-based perspective on nanotechnology.
The main types of nanomaterials include carbon-based nanomaterials, metal and non-metal oxides, metal-based nanomaterials, dendrimers, nano clay, nanocellulose, and others. Carbon-based nanomaterials, comprising carbon nanotubes, graphene, and fullerenes, find applications in various biomedical fields such as biosensors, cancer therapy, tissue engineering, and therapeutic delivery. Nanomaterials exhibit different structures, including non-polymer organic nanomaterials and polymeric nanomaterials, catering to diverse sectors such as paints and coatings, adhesives and sealants, healthcare and life sciences, energy, electronics, consumer goods, personal care, and others.
The nanomaterials market research report is one of a series of new reports from The Business Research Company that provides nanomaterials market statistics, including nanomaterials industry global market size, regional shares, competitors with a nanomaterials market share, detailed nanomaterials market segments, market trends and opportunities, and any further data you may need to thrive in the nanomaterials industry. This nanomaterials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The nanomaterials market size has grown rapidly in recent years. It will grow from $14. 77 billion in 2023 to $17. 02 billion in 2024 at a compound annual growth rate (CAGR) of 15. 2%. The growth observed in the historical period can be attributed to factors such as increased funding for research and development activities, a growing demand for compact and powerful devices, advancements in camera technology, an increasing demand for high-quality video content, and the widespread adoption of smartphones and other mobile devices.
The nanomaterials market size is expected to see rapid growth in the next few years. It will grow to $30. 62 billion in 2028 at a compound annual growth rate (CAGR) of 15. 8%. The anticipated growth in the forecast period can be attributed to the growing demand for nanomaterials in drug delivery systems, an increasing adoption of nanomaterials in tissue engineering, the emergence of energy storage solutions, heightened applications in aerospace, and the ongoing trend of electronics miniaturization. Major trends expected in the forecast period include advancements in nanotechnology research, a continued focus on nanotechnology advancements, an emphasis on biocompatibility and biodegradability properties, the integration of nanomaterials in 3D printing, collaborative research initiatives, and an increased adoption of synthetic and natural polymers in nanofabrication.
The growth of the nanomaterials market is driven by the increased utilization of nanomaterials in the global healthcare industry. These materials play a crucial role in targeting abnormalities at the cellular and sub-cellular levels, enhancing the effectiveness of vaccines and medications by facilitating easier access to the body. The rising application of nanomaterials in healthcare is generating increased demand for these materials. As reported by the Press Trust of India (PTI) in 2021, there are approximately 400 major nanotech companies globally, with half of them dedicated to nanomedicine. In India, out of the total 30 to 40 major nanotech companies, half are focused on healthcare. Thus, the growing prevalence and utilization of nanomaterials in the healthcare sector are anticipated to drive the expansion of the nanomaterials market in the coming years.
The expected growth of the nanomaterials market is further supported by the expanding electronics industry. This industry involves the design, manufacturing, and sale of electronic components and devices, encompassing semiconductors, consumer electronics, and telecommunications equipment. Nanomaterials play a pivotal role in the miniaturization and enhanced performance of electronic devices, contributing to the development of smaller, more efficient components. With ongoing advancements in the electronics sector, nanomaterials become essential for meeting the demand for smaller, powerful, and energy-efficient devices, thus fostering innovation and growth in the nanomaterials market. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that total electronic equipment production in Japan amounted to $6,722 million (¥771,457 million). Additionally, consumer electronics production increased from $230. 9 million (¥25,268 million) in May 2022 to $280 million (¥32,099 million) in May 2023. Therefore, the burgeoning electronics industry is a key driver of the nanomaterials market.
Major companies in the nanomaterials market are actively developing new materials. In November 2022, American Elements, a US-based materials company, introduced a groundbreaking nanoscale electrolyte material tailored for advanced Lithium-Sulfur Battery technology. This innovative ceramic compound, comprising lithium, lanthanum, and zirconium oxide nanoparticles, offers improved energy density and stability across a wider temperature range compared to traditional electrolytes in commercial lithium-ion batteries.
Innovation remains a focus for major players in the nanomaterials market, with ongoing efforts to develop advanced nanomaterials. In March 2021, Cabot Corporation, a US-based chemicals company, launched the ENERMAX 6 carbon nanotube (CNT) series designed to enhance battery performance. These one-dimensional allotropes of carbon, formed by rolling graphene sheets, exhibit unique properties such as high conductivity and a large aspect ratio. The ENERMAX 6 series can improve battery performance by reducing direct current internal resistance (DCIR) while maintaining conductivity, allowing for higher energy density with lower loadings. This innovation presents a promising solution for enhancing battery efficiency in a sustainable manner.
In October 2023, Birla Carbon, an India-based chemical manufacturing company, acquired Nanocyl SA, a Belgium-based nanotechnology company, for an undisclosed amount. This strategic acquisition expands Birla Carbon's presence in the Energy Systems market, reinforcing its position in critical materials for Lithium-Ion battery performance and other conductive applications. Nanocyl specializes in the development, manufacturing, and sales of multiwall carbon nanotubes (MWCNT) and MWCNT-based products, aligning with Birla Carbon's sustainability and innovation objectives.
Major companies operating in the in the nanomaterials market report are BASF SE, Bayer AG, Chasm Technologies Ltd., Cnano Technology, DuPont Air Products Nanomaterials LLC, Elmarco Ltd., Finetex ENE Inc., Glonatech SA, Kuraray Co. Ltd., Nanocyl SA, NanoViricides Inc., Sumitomo Corporation, Showa Denko Materials Co. Ltd., Zyvex Technologies, US Research Nanomaterials Inc., Nanocomposix Inc., Frontier Carbon Corporation, Nanoshel LLC, SkySpring Nanomaterials Inc., Cytodiagnostics Inc., Strem Chemicals Inc., American Elements Corporation, Arkema SA, Taiwan Semiconductor Manufacturing Company Ltd., Thermo Fisher Scientific Inc., Fujitsu Ltd., Altairnano Inc., Nano Magic LLC, Imina Technologies SA, Kleindiek Inc., Advanced Nano Products Co. Ltd., Bruker Corporation, Biosensors International Group Ltd., Espin Technology Inc., Nanonics Imaging Ltd., Vive Crop Protection Inc., Johnson Matthey plc, UP Catalyst Ltd., Liquidia Technologies Inc., Applied Nanodetectors Ltd., EyePoint Pharmaceuticals Inc., Nanoco Group plc, Surrey NanoSystems Ltd., Ilika Technologies Ltd., Nanobiotix SA, DUST Identity Inc., Leia Inc., actnano Inc., Hummingbird Scientific Corporation, Voyant Photonics Inc., Nanotech Systems Ltd., Nanosys Inc., Nanophase Technologies Corporation, Nanogate AG
North America was the largest region in the nanomaterials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanomaterials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the nanomaterials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The nanomaterials market consists of sales of inorganic-based nanomaterials, organic-based nanomaterials, nanofibers, and composite-based nanomaterials. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.