What Is The Current and Historic Market Size Analysis Of The Nanomaterials Market?
The nanomaterials market has seen considerable growth due to a variety of factors.
• The market size of nanomaterials has seen a fast-paced expansion in the previous years. It is projected to increase from $16.75 billion in 2024 to $19.16 billion in 2025, recording a compound annual growth rate (CAGR) of 14.4%.
The extraordinary growth during the historic time frame is credited to a rise in financial support for research and development, augmented demand for compact devices with robust capabilities, advancements in camera technology, the rising demand for premium video content, and the escalating adoption of smartphones and other mobile equipment.
What Are The Predictions for The Nanomaterials Market Size In The Coming Years?
The nanomaterials market is expected to maintain its strong growth trajectory in upcoming years.
• In the next few years, the nanomaterials market size is projected to experience a swift expansion. It is forecasted to reach $34.91 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 16.2%.
Many factors contribute to the projected growth in the forecast period, such as increased demand for nanomaterials in drug delivery systems, the rising use of nanomaterials in tissue engineering, the development of energy storage solutions, the growth of aerospace applications, and the diminution of electronics. Key trends during this period include the progression in nanotechnology research, advancements in the nanotechnology field, increased attention to biocompatibility and biodegradability properties, the use of nanomaterials in 3D printing, consortium research ventures, and the implementation of synthetic and natural polymers in nanofabrication.
Which Key Drivers Are Propelling The Nanomaterials Market's Growth?
The global rise in the use of nanomaterials in the healthcare sector is fuelling the expansion of the nanomaterials market. With their ability to target individual and sub-cellular abnormalities, and their potential to enhance the effect of vaccines and medication due to easy bodily access, nanomaterials are becoming increasingly popular within healthcare. This is leading to an ongoing surge in demand. For example, research from the National Nanotechnology Initiative, based in the United States, suggested in December 2023 that the economic repercussions of nanotechnology on the U.S. economy in 2022 ranged from $67 billion to $83 billion. Furthermore, it was responsible for nearly $1 trillion in accumulation over the last 20 years. This immense figure vastly surpasses the $40 billion that the U.S. government invested during the same timeframe, epitomizing the nation's dedication to advancing this area through the National Nanotechnology Initiative (NNI). In addition to this, when considering the impact on the microelectronics and semiconductor industry, this accounted for an estimated $268 billion to $297 billion in 2022 alone. As such, the escalating prevalence and use of nanomaterials in the healthcare sector are projected to stimulate the growth of the nanomaterials market in the years to come.
What Are The Key Segments Within The Global Nanomaterials Market?
The nanomaterials market covered in this report is segmented –
1) By Material Type: Carbon Based Nanomaterials, Metal And Non-Metal Oxides, Metal Based Nanomaterials, Dendrimers Nanomaterials, Nanoclay, Nanocellulose, Other Materials
2) By Structure Type: Non-Polymer Organic Nanomaterials, Polymeric Nanomaterials
3) By End User: Paint And Coatings, Packaging, Construction, Electronics And Consumer Goods, Other End-Users
Subsegments:
1) By Carbon Based Nanomaterials: Carbon Nanotubes (CNTs), Graphene, Fullerenes, Carbon Nanofibers
2) By Metal And Non-Metal Oxides: Titanium Dioxide (TiO2), Zinc Oxide (ZnO), Silica Nanoparticles, Iron Oxide Nanoparticles
3) By Metal Based Nanomaterials: Gold Nanoparticles, Silver Nanoparticles, Platinum Nanoparticles, Copper Nanoparticles
4) By Dendrimers Nanomaterials: Polyamidoamine (PAMAM) Dendrimers, Polypropylene Imine (PPI) Dendrimers, Other Dendrimer Types
5) By Nanoclay: Montmorillonite Nanoclay, Kaolinite Nanoclay, Halloysite Nanoclay
6) By Nanocellulose: Bacterial Nanocellulose, Plant Nanocellulose, Cellulose Nanocrystals
7) By Other Materials: Quantum Dots, Nanocomposites, Hybrid Nanomaterials
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How Are New Trends Impacting The Size Of The Nanomaterials Market?
Leading corporations in the nanomaterials market are innovating new materials to enhance their market advantage. For example, in November 2022, American Elements, a materials company rooted in the US, introduced a newly designed nanoscale electrolyte material specifically for advanced Lithium-Sulfur Battery technology. This groundbreaking ceramic compound consists of lithium, lanthanum, and zirconium oxide nanoparticles, and provides improved energy density and stability over a larger temperature range, compared to traditional electrolytes present in commercial lithium-ion batteries.
Who Are the Key Players in the Nanomaterials Market?
Major companies operating in the nanomaterials market include:
• 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
What are the Regional Insights into the Nanomaterials Market?
North America was the largest region in the nanomaterials market in 2024. 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
