Market Size of Nanomaterials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 19.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Nanomaterials Market Analysis
The nanomaterials market is expected to register a CAGR of more than 19 % during the forecast period.
Due to the COVID-19 pandemic, various countries worldwide imposed lockdowns in the first nine months of 2020. Thus, various manufacturing plants and production facilities were shut down or halted production. This situation negatively affected the demand for construction, electronics, rubber, and personal care applications. However, increased usage of nanomaterials in healthcare and construction industries helped the market to retain its growth rate in 2021.
- The growing usage of nanomaterials in the healthcare industry and the increasing usage of nanomaterials in water treatment applications are expected to drive the demand in the nanomaterials market during the forecast period.
- However, higher technology costs are expected to hinder the market's growth.
- Increasing research activities and growing applications of nanomaterials is expected to act as market opportunity in the forecast period.
- The Asia-Pacific is expected to drive the market growth rate during the forecast period.
Nanomaterials Industry Segmentation
Nanomaterials can be defined as materials possessing, at minimum, one external dimension measuring 1-100 nm. Nanomaterials can occur naturally, be created as the by-products of combustion reactions, or be produced purposefully through engineering to perform a specialized function. These materials can have different physical and chemical properties from their bulk-form counterparts.
The nanomaterials market is segmented by product type, structure type, end-user industry, and geography. By product type, the market is segmented into nanoparticles, nanofibers, nanotubes, nanoclays, and nanowires. By structure type, the market is segmented into non-polymer organic nanomaterials and polymeric nanomaterials. On the basis of the end-user industry, the market is segmented into healthcare, electrical and electronics, energy, construction, personal care, and other end-user industries. The report also covers the market size and forecasts for the market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
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Nanomaterials Market Size Summary
The nanomaterials market is poised for significant growth, driven by increasing applications across various industries. The healthcare sector, in particular, is witnessing a surge in the use of nanomaterials, which is expected to propel market demand. Additionally, the growing adoption of nanomaterials in water treatment applications further contributes to this upward trend. Despite the promising growth prospects, the market faces challenges due to the high costs associated with advanced technologies. However, ongoing research and the expanding range of applications present substantial opportunities for market expansion. The Asia-Pacific region is anticipated to be a key driver of market growth, supported by robust construction activities and rising demand for electronics.
In the electronics sector, the demand for nanomaterials is escalating due to advancements in computing and electronics, enabling the development of faster and more compact systems. The region's electronics manufacturing industry, particularly in China, is expected to experience rapid growth, bolstered by the presence of numerous original equipment manufacturers and favorable economic conditions. The Chinese government's supportive policies for medical device innovation and the burgeoning healthcare markets in India and Japan further underscore the region's dominance in the nanomaterials market. The market is characterized by fragmentation, with key players focusing on specific types of nanomaterials and applications, continuously innovating to meet the evolving demands of various industries.
Nanomaterials Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Usage of Nanomedicines in the Healthcare Industry
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1.1.2 Increasing Usage of Nanomaterials in Water Treatment Applications
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1.2 Restraints
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1.2.1 Higher Costs of Technology
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Product Type
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2.1.1 Nanoparticles
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2.1.1.1 Nanometals
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2.1.1.1.1 Gold
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2.1.1.1.2 Silver
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2.1.1.1.3 Platinum
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2.1.1.1.4 Titanium
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2.1.1.1.5 Aluminium
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2.1.1.2 Nonmetal Oxides
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2.1.1.2.1 Alumina
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2.1.1.2.2 Iron Oxide
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2.1.1.2.3 Titanium Oxide
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2.1.1.2.4 Silica
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2.1.1.2.5 Zinc Oxide
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2.1.1.3 Complex Oxides
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2.1.1.3.1 Calcium Phosphate
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2.1.1.3.2 Rare Earth Metal Oxides
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2.1.1.3.3 Lithium Titanate
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2.1.1.3.4 Silica Hydride
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2.1.2 Nanofibers
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2.1.3 Nanotubes
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2.1.4 Nanoclays
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2.1.5 Nanowires
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2.2 Structure Type
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2.2.1 Non-polymer Organic Nanomaterials
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2.2.1.1 Carbon Black
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2.2.1.2 Carbon Nanotubes
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2.2.1.3 Aptamers
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2.2.1.4 Small Molecule OLED
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2.2.1.5 Activated Carbon
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2.2.1.6 Carbon Nanotubes Composites
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2.2.2 Polymeric Nanomaterials
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2.2.2.1 Coatings and Adhesives
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2.2.2.2 Transfection Reagents
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2.2.2.3 Diagnostics Reagents
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2.2.2.4 Drug Delivery Vehicle
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2.2.2.5 Fabric Treatments
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2.2.2.6 Optical Coatings
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2.2.2.7 Nano-porous Filtration Membrane
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2.2.2.8 Di-electric Films
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2.2.2.9 OLED Films
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2.3 End-user Industry
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2.3.1 Construction
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2.3.2 Electronics
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2.3.3 Energy
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2.3.4 Healthcare
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2.3.5 Personal Care
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2.3.6 Rubber
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2.3.7 Other End-user Industries
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 ASEAN Countries
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2.4.1.6 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Nanomaterials Market Size FAQs
What is the current Nanomaterials Market size?
The Nanomaterials Market is projected to register a CAGR of greater than 19% during the forecast period (2024-2029)
Who are the key players in Nanomaterials Market?
American Elements, Chengdu Organic Chemicals Co. Ltd (Timesnano), Jiangsu Cnano Technology Co. Ltd , Cabot Corporation and ACS Material are the major companies operating in the Nanomaterials Market.
