According to the research report titled ‘GLOBAL NANOMATERIALS MARKET 2021-2028’, available with MarketStudyReport, global nanomaterials market is predicted to register a CAGR of 14.94% by revenue and 15.61% by volume over the forecast period 2021-2028.
 

Global nanomaterials market is driven by surging demand for lightweight products, escalating demand for compact consumer electronics, increasing government support, and expanding application of nanotechnology in the healthcare sector.

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For the uninitiated, nanomaterials are materials that have at least one external or internal dimension measuring to 100 nanometers or less. These may be in the form of tubes, particles, rods, or fibers. Nanotechnology generally refers to a term for manufacturing anything which finds application at a nanoscale.

Elaborating on the challenges in this business sphere, high processing costs and strict environmental safety norms may negatively impact growth over the analysis period, claims the study.

From a geographical standpoint, the market size and scope are defined by North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific market is anticipated to expand at a strong rate during the forecast period, creditable to increasing additions to electrical & electronics industry capacity together with rising participation from key players. Besides, accelerated growth in infrastructure development activities are enhancing the regional market remuneration prospects.

Based on material type, the market is split into carbon-based nanomaterials (fullerenes, carbon nanotubes, graphene), metal oxides (zinc oxide, titanium oxide, aluminum oxide, silicon oxide, cerium oxide, antimony tin oxide, bismuth oxide, copper oxide, cobalt oxide, iron oxide, zirconium oxide, manganese oxide, magnesium oxide), metals (silver, nickel, gold), quantam dots, dendrimers, nanocellulose, and nanoclay.

Moving to end-user fragmentation of global nanomaterials industry, healthcare, electronics, construction, energy, cosmetics and personal care, and rubber processing are the major segments highlighted in the research report.

All the sub-markets are individually assessed to help stakeholders understand the key revenue-generation prospects for the upcoming years.

Speaking of the competitive landscape, Nanosys Inc., Nanophase Technologies Corp., Raymor Industries, Nanoco Technologies Ltd., DuPont de Nemours Inc., Daikin Industries Ltd., Showa Denko K.K., Nanocyl SA, BASF SE, Arkema Inc., and Covestro AG are the major players influencing global nanomaterials market trends. These players are focusing on undertaking strategies such as mergers, acquisitions, partnerships, production capacity expansion, and R&D to improve their foothold in the market.