Nanomaterials Market Analysis By Growth, Segmentation, Performance, Competitive Strategies and Forecast To 2033


Posted January 11, 2024 by SushmithaTBRC

The nanomaterials market size has grown rapidly in recent years. It will grow from $14.77 billion in 2023 to $17.02 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%.

 
The Nanomaterials by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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As per The Business Research Company's comprehensive analysis, the nanomaterials market has experienced exponential growth, surging from $14.77 billion in 2024 to a projected $17.02 billion in 2024, exhibiting a noteworthy compound annual growth rate (CAGR) of 15.2%. This impressive trajectory is underpinned by augmented funding for research and development initiatives, a burgeoning market for compact and potent devices, technological strides in camera technology, escalating demand for superior video content, and the widespread adoption of smartphones and other mobile devices.

Anticipating an even more pronounced ascent, the nanomaterials market is poised to reach an estimated $30.62 billion by 2028, sustaining a robust CAGR of 15.8%. This forecasted surge is fueled by escalating demand for nanomaterials in drug delivery systems, a burgeoning adoption of nanomaterials in tissue engineering, the advent of cutting-edge energy storage solutions, heightened aerospace applications, and the ongoing trend of electronics miniaturization. Noteworthy developments in nanotechnology research, a concentrated focus on biocompatibility and biodegradability attributes, the integration of nanomaterials in 3D printing, collaborative research initiatives, and the widespread adoption of synthetic and natural polymers in nanofabrication are pivotal trends shaping the landscape in the forecast period.

The increase in the usage of nanomaterials in the healthcare industry across the globe is contributing to the growth of the nanomaterials market. Nanomaterials are employed in the healthcare industry to target abnormalities in individual cells and even sub-cells and to boost the action of vaccinations and medicines by easily accessing the body. Hence, the demand for nanomaterials is rising with the increase in the application of nanomaterials in healthcare. For instance, according to the Press Trust of India (PTI), an India-based press company report published in 2021, worldwide, there are around 400 major nanotech companies of which, half of the companies are nanomedicine related. In addition, out of the total 30 to 40 major nanotech companies in India, half are related to healthcare. Therefore, the growing presence and usage of nanomaterials in the healthcare industry are expected to fuel the growth of the nanomaterials market over the forthcoming years.

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The nanomaterials market covered in this report is segmented –
1) By Material Type: Carbon Based Nanomaterials, Metal And Non-Metal Oxides, Metal Based Nanomaterials, Dendrimers Nanomaterials, Nanoclay, Nanocellulose, Other Materials
2) By Structure Type: Non-Polymer Organic Nanomaterials, Polymeric Nanomaterials
3) By End User: Paint And Coatings, Packaging, Construction, Electronics And Consumer Goods, Other End-Users

Prominent entities in the nanomaterials arena are strategically advancing, with a commitment to innovation to gain a competitive advantage. A paradigmatic example is American Elements, a distinguished US-based materials company, which, in November 2022, unveiled a groundbreaking nanoscale electrolyte material tailored for cutting-edge Lithium-Sulfur Battery technology. This pioneering ceramic compound, comprising lithium, lanthanum, and zirconium oxide nanoparticles, demonstrates heightened energy density and stability across a broader temperature range compared to conventional electrolytes in commercial lithium-ion batteries. Such breakthroughs underscore the dynamic evolution and transformative potential within the burgeoning nanomaterials market.

The nanomaterials market report table of contents includes:
1. Executive Summary
2. Nanomaterials Market Characteristics
3. Nanomaterials Market Trends And Strategies
4. Nanomaterials Market - Macro Economic Scenario
5. Global Nanomaterials Market Size and Growth

.....

31. Global Nanomaterials Market Competitive Benchmarking
32. Global Nanomaterials Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Nanomaterials Market
34. Nanomaterials Market Future Outlook and Potential Analysis
35. Appendix

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Categories Industry , Reports , Research
Tags nanomaterials market , nanomaterials market size , nanomaterials market share
Last Updated January 11, 2024