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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