Market
Overview
Nanomaterials
are the nanosized materials; their thickness range less than 100 nm. The
thickness range of these materials also known as the quantum regime is the key
factor in defining the properties of the nanomaterials. They exhibit excellent
properties including high strength, hardness, elasticity, electric
conductivity, antimicrobial and self-cleaning properties, scratch-resistance,
and chemical resistance, making them applicable in a wide range of
applications. The growing demand for nanomaterials in the electronics and
healthcare industries and increasing R&D and investments related to the new
materials are factors likely to propel the growth of the global market in the
years to follow.
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Competitive
Analysis
·
BASF SE
·
Arkema Group
·
Evonik Industries AG
·
Hongwu International Group Ltd
·
SHOWA DENKO K.K
·
NANOCHEMAZONE
·
Strem Chemicals, Inc
·
Canum Nanomaterials Inc.
·
Promethean Particles Ltd
·
NanoMaterials Technology Pte
Ltd
Market
Segmentation
The global
nanomaterials market has been segregated on the basis of material type,
application, and region.
By material
type, the global nanomaterials market has been divided into metal and
non-metal oxides, carbon-based, chemicals & polymers, nano-ceramics,
metals, dendrimers, and others. The metal and non-metal oxides segment
accounted for the largest market share in 2018 and is expected to be the
leading material type segment during the forecast period. The increasing demand
for nano-oxides (silica, alumina), copper nanoparticles, silver
nanowires, and nano-sized rhodium and palladium in the automotive and
electronics industries is expected to be the key factor driving the growth of
the segment during the review period. However, the carbon-based
nanomaterials segment is projected to register the highest CAGR during the
forecast period, 2019–2024.
On the basis
of application, the global Nanomaterials
Industry has been categorized into transportation, electrical
& electronics, healthcare, construction, packaging, consumer goods, energy,
and others. The transportation segment is expected to be the leading
application segment during the forecast period owing to the widespread use of
nanomaterials in the automotive and aerospace industries. Nanostructured metals
and polymer nano-composites are widely used in these industries owing to the
various advantages offered by these materials, such as superb
weight-to-strength ratio, enhanced resilience to vibration and
fire, lightweight, reduced wear and corrosion resistance, UV
resistance, and reduction in friction and emissions by the engine.
Regional
Analysis
Asia-Pacific,
Europe, North America, Latin America, and the Middle East & Africa are the
five key regions studied for the global nanomaterials market. The market in
North America is projected to be the leading regional market during the
forecast period owing to the widespread use of nanomaterials in the healthcare
and automotive industries and strong support from the government and private
sectors for the development of new and innovative applications of
nanomaterials.
Asia-Pacific is
projected to be the fastest growing regional market during the forecast period
on account of the expanding automotive and medical industries in the region.
Also, the use of nanomaterials in the electronics industry is increasing at a
robust rate, which is likely to propel regional market growth.
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