Summary: Big Market Research added new research report on “Nanomaterials Market” includes Market Size, Share, Trends, Growth, Demand, Supply, Application, Segmentation, Opportunity, Market Development, production, capacity utilization, supply, Analysis and Forecast
Key market players profiled in the report include
Nanomaterials possess nanoscale dimensions ranging from 1 to 100 nanometers. They occur naturally or can be engineered with specific properties such as size, shape, surface, and chemistry. Volcanic ash and forest fibers are some of the examples of natural nanomaterials, whereas carbon nanotubes, quantum dots, and others are engineered nanomaterials. They have better strength, resistivity, conductivity, and optical absorption compared to the atoms. Relative-surface area is one of the key factors that enhance the properties of nanomaterials. The demand for nanomaterials has increased across diverse industry applications owing to their exceptional physio-chemical properties which enhances the performance of the end product.
The world nanomaterials market is expected to reach $55,016 million by 2022, registering a CAGR of 20.7% from 2016 to 2022. Nanomaterials are used in environmental monitoring and remediation due to their novel chemical and physical attributes to counteract environmental pollution which is one of the important growth driver for this market. Heavy investment in R&D activities by government organizations is expected to propel the market growth. However, extended research timelines incur high cost to companies, which restricts the growth of the market.
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Compared to conventional bulk materials, nanomaterials exhibit unique physical properties such as electrical, catalytic, magnetic, mechanical, thermal, or imaging features owing to which it is getting wide penetration in various end-user industries. Healthcare, electronics, and aviation industries have adopted nanomaterials for product development. The government of various countries across the globe have invested in innovations of nanomaterials. Under the National Nanotechnology Initiative, the U.S. Government allocated $1.5 billion to support innovations and product development in the nanotechnology sector, which would lead to intense competition in the market.
The report segments the nanomaterials market on the basis of material, end user, and geography. On the basis of material, the market is segmented into carbon-based nanomaterials, metal and non-metal oxides, metals, dendrimers, nanoclay, and nanocellulose. Furthermore, carbon-based nanomaterials are segmented into carbon nanotubes, fullerenes & POSS, and graphene. The metal oxides segment is further divided into titanium dioxide, zinc dioxide, silicon dioxide, aluminum oxide, and others. The metals segment is further divided into silver, gold, nickel, and quantum dots.
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