Nanomaterials Market Overview

The global nanomaterials market size was estimated at US$ 9.8 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of more than 13.3% between 2022 to 2032, as estimated by ChemView Consulting. Growing usage of nanoparticles in the healthcare industry, automotive and aerospace, and the growing applications of nanomaterials in water treatment are expected to drive up global demand.

The market has been predominantly influenced by certain industrial and innovation factors including research and development expenditure, commercialization of nanotechnology, and technology adaptation in the industrial sector.

Nanomaterials are nanometer-scale structures with at least one dimension of fewer than 100 nanometers. Nanomaterials are classified as zero-dimensional, one-dimensional, two-dimensional, or three-dimensional. Technological development along with focus in sustainability are expected to drive the market of nanoparticles.

What are the key drivers bolstering the consumption of nanomaterials?

The combination of factors, including excellent physio-chemical properties of nanomaterials, financial support from government organizations, rising application of these materials in healthcare, and automotive, are driving the demand for the nanomaterials market globally.

Increased demand for nanomaterials in the electronics and semiconductor industry is expected to be a key driver for global market growth during the forecast period. Nanomaterials, including nanowires, nanotubes, graphene, and cellulosic, are used to make flexible electronics because of their high aspect ratio, remarkable mobility, higher surface-to-volume ratio, and ability to integrate on non-conventional substrates.

During the review period, flexible nanomaterials demand is expected to grow rapidly, enhancing the growth outlook for nanomaterials shortly. In addition, increase in investment in research and innovations to create new nanomaterials and to commercialize the product is expected to fuel global market growth.

“Commercialization, scalability of the production, sustainability and growing applications of nanoparticles in medicine sector to drive the consumption.”

What challenges are faced by nanomaterials industry?

Factors, such as, growth in the number of individuals exposed to these nanoparticles, occupational exposure, and the projected evolution of potentially harmful repercussions in the future years are likely to demand more robust legislation. As a result, the anticipated increased stringency in nanomaterials and nanotechnology laws is projected to hamper future industrial progress.

Further, commercialization of the nanoparticles and their bulk applications are facing challnges with higher investments needed, which is also expected to hmper the growth outlook of the market.

Why is Asia-Pacific emerging as a promising market for nanomaterials?

The Asia Pacific region is expected to be the largest market for nanomaterials in 2022, accounting for 46.7% of worldwide sales. The increased usage of nanomaterials in electronics, medical equipment, aerospace and military, textiles, paints and coatings and automotive industries can be related to the surge.

This growth also has been attributed to continuous R&D and increasing investment in the development of nanomaterials in China and Japan for various applications. Because of the growing demand for nanotechnology, more significant investment in R&D by regional organizations, and government backing, among other reasons. BASF, a well-known nanotechnology manufacturer, spent around 2 billion euros on research & development in 2019.

The nanomaterials market is developing due to increased demand for specialty materials in the sector and fast-emerging industries such as energy, healthcare, and construction in countries such as, China and India. Furthermore, rise in foreign direct investments in the Asian countries for industrial sector is also expected to bolster the market growth outlook in the coming years.

What role does Europe play in the global nanomaterial market?

According to ChemView Consulting, the European market is estimated to reach US$ 4.6 Bn by 2030 end, owing to regional government backing and investment in the region’s multiple local marketplaces. The European Commission established the 2D-Experimental Pilot Line (2D-EPL), a new USD 23.0 million joint venture, to investigate the manufacture of breakthrough electrical devices, photonic devices, and sensors that use graphene and layered nanomaterials in the region.

Who are the key market participants and what are their growth strategies in nanomaterials market?

The market is estimated to be a fairly consolidated due to the existence of certain key players dominating in the global business. The companies specialize in certain types of nanomaterials and applications. The significant firms always focus on product innovation and capacity growth through R&D and partnerships with local or regional distributors and manufacturers.

Key industry players are anticipated to preserve their market position by introducing new products and expanding existing offerings. The introduction of goods with advanced features and customized product offers is expected to strengthen the positions of industry players.

The following are some of the prominent participants in the nanomaterials market:

• Strem Chemicals, Inc.
• BASF SE
• Nanocomposix, Inc.
• Frontier Carbon Corporation
• Nanoshel LLC
• US Research Nanomaterials, Inc.
• Nanophase Technologies Corporation
• SkySpring Nanomaterials, Inc.
• Quantum Materials Corp
• Cytodiagnostics, Inc.
• Bayer AG

Market Report Highlights:

• Detailed overview of the parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Technology landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint.

Note: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Key Segments:

Product Type:

• Carbon-Based Nanomaterials
• Metal-Based Nanomaterials
  • Silver
  • Copper
  • Iron
  • Others
• Dendrimers-based Nanomaterials
• Nanoclays
• Nanocellulose

End-use Industry:

• Healthcare
• Automotive & Aerospace
• Electrical & Electronics
• Energy
• Building & Construction
• Personal Care
• Packaging
• Others

By Region

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Nanomaterials Market Research Scope:

• The base year of the study is 2021, with a forecast up to 2032. The study presents a macro analysis of the competitive landscape, taking into consideration the concept be new and evolving.
• We provide deeper insights on a niche segment to provide accurate exclusive information on how you stack against the competitor and industry and help them perceive the long run of the market.
• The assessment includes the future trends, an outline of the competitive structure, future demand drivers, market challenges, and products analysis.
• Market drivers, forecast factors, and limitations are evaluated to assess their impact over the forecast period.
• The report further identifies key growth opportunities, while also detailing key issues and potential threats.

Available Customizations

ChemView Consulting offers customizations according to the client’s specific requirements. There is no limit to the level of customization we offer to our clients if it falls under market research purview.

• Report Includes

  Market Size Data

  • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
  • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
  • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
  • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
  • Incremental dollar opportunity generated in the forecast period would be indicated
  • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

  Market Background

  • Macroeconomic factors that impact the market developments
  • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
  • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
  • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
  • Trade analysis and analysis of key supply and demand hubs
  • Identification of hotbed opportunities existing in the market
  • Porter’s and PEST analysis to understand the business environment of the geography
  • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

  Pricing Analysis

  • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
  • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
  • Cost teardown analysis and key factors impacting pricing

  Value Chain Analysis

  • Country-wise list of raw material suppliers
    • Raw material price trends and buyers’ sentiment
    • Overview of Intelligent Sourcing Technique
    • Raw material procurement requirements
    • Vendor selection criteria
  • Country-wise list of product manufacturers
  • Country-wise list of distributors/traders
  • Country-wise list of end-users
    • End-Users/Customers consumption mapping
    • Key End-Users/Customers client list
  • Country-wise list of other key channel partners
  • Average profitability margins
  • Regional value chain dynamics

  Competition Analysis

  • Market shares and production capacities of key players
  • Tier structure analysis of market
  • Comprehensive competition dashboard representing the top 10-15 players in the market
  • Individual company profiles of top 15 to 20 manufacturers
    • Business Overview
    • Product Portfolio
    • Key Financials
    • Recent Developments
    • SWOT Analysis
    • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

Why Choose CVC Market Research?;

• Specialized market research company
• Impeccable and deep industry expertise
• Wide range of offerings
• Robust research methodology and statistical models with least deviation
• Extensive reports and full-service consulting
• Expert panel sanctioned industry outlook
• Growth dynamics for calculated investments
• Tri-level quality guarantee
• 6 months unlimited post-sales support
• Regular planned and contracted report updates