Nanomaterials Global Market Sees Growth Rate Of 15% Through 2022
18 Feb, 2022
The global nanomaterials market size is expected to grow from $10.87 billion in 2021 to $12.49 billion in 2022 at a compound annual growth rate (CAGR) of 14.8%. The change in the nanomaterial market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The nanomaterials market is expected to reach $21.18 billion in 2026 at a CAGR of 14.1%.
What is the Global Nanomaterials Market?
The nanomaterials market consists of sales of nanomaterials by entities (such as organizations, sole traders, and partnerships) that have extremely small dimensions which either occur naturally or are produced as a by-product of some chemical reactions. Nanomaterials are produced purposefully to perform some specific functions. Nanomaterials research uses improvements in materials metrology and synthesis gained in favor of microfabrication studies to offer a materials science-based perspective to nanotechnology.
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What drives the Global Nanomaterials Market?
The increase in the usage of nanomaterials in the healthcare industry across the globe is contributing to the growth of the nanomaterials market. Nanomaterials are employed in the healthcare industry to target abnormalities in individual cells and even sub-cells and to boost the action of vaccinations and medicines by easily accessing the body. Hence, the demand for nanomaterials is rising with the increase in the application of nanomaterials in healthcare. For instance, according to the Press Trust of India (PTI), an India-based press company report published in 2021, worldwide, there are around 400 major nanotech companies of which, half of the companies are nanomedicine related. In addition, out of the total 30 to 40 major nanotech companies in India, half are related to healthcare. Therefore, the growing presence and usage of nanomaterials in the healthcare industry are expected to fuel the growth of the nanomaterials market over the forthcoming years.
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https://www.thebusinessresearchcompany.com/report/nanomaterials-global-market-reportGlobal Nanomaterials Market Segments
The global nanomaterials market is segmented:
By Material Type: Carbon Based Nanomaterials, Metal and Non-Metal Oxides, Metal Based Nanomaterials, Dendrimers Nanomaterials, Nanoclay, Nanocellulose, Others
By Structure Type: Non-Polymer Organic Nanomaterials, Polymeric Nanomaterials
By End User: Paint and Coatings, Packaging, Construction, Electronics and Consumer Goods, Others
By Geography: The regions covered in the nanomaterials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Nanomaterials Global Market Report 2022provides market size and growth forecasts for the global nanomaterials market, global nanomaterials market share, nanomaterials market segments and geographies, nanomaterials market competitive landscape including leading competitors’ revenues, profiles and market shares. The nanomaterials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Nanomaterials Industry Playersinclude BASF SE, Bayer AG, Chasm Technologies Ltd., Cnano Technology, DuPont Air Products Nanomaterials LLC, Elmarco Ltd., Finetex ENE, Glonatech SA, Kuraray, Nanocyl SA, NanoViricides Inc, Sumitomo Corporation, Showa Denko, Zyvex Technologies, US Research Nanomaterials Inc., Nanocomposix Inc., Frontier Carbon Corporation, Nanoshel LLC, SkySpring Nanomaterials Inc., Cytodiagnostics Inc., Strem Chemicals Inc., and American Elements. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.