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Nanochemicals Market

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  • 104 Pages
  • January 2021
  • Region: Global
  • IndustryARC
  • ID: 3973837
Nanochemicals Market size is forecast to reach US$8.5 billion by 2027, and is growing at a CAGR of 12.5% during 2022-2027. Nanochemicals are specially formulated chemicals using nanotechnology on conventional chemical building blocks such as ethane, propane and butanes. The nanoscale chemicals exhibit unique properties such as self-catalysis, anti-corrosion which give these chemicals added advantage over the conventional chemicals. Nanochemicals can be used to create carbon nanomaterials such as carbon nanotubes (CNT), graphene and fullerenes which have gained attention in recent years due to their remarkable mechanical and electrical properties. The use of Nanochemicals has reduced associated risk to health and environment which is favorable for market growth. The most commonly used nanochemical is carbon nanotubes that are used extensively for applications such as stronger materials. Additionally, increasing applications of these chemicals for manufacturing agrochemicals, cosmetics, and armor feature increased durability and will further fuel the demand for Nanochemicals market globally.

COVID-19 Impact

Due to the COVID-19 pandemic, the Nanochemicals Market was highly impacted. Most of the manufacturing plants were shut down, which declined the production of Nanochemicals. Also, due to supply chain disruptions such as raw material delays or non-arrival, disrupted financial flows, and rising absenteeism among production line staff, OEMs have been forced to function at zero or partial capacity, resulting in lower demand and consumption of Nanochemicals and its end use products including cosmetics, pharmaceutical products, polymers and others in 2020. However, gradually the manufacturing plants have started operating with minimum workforce with necessary precautions. Due to the increasing use of Nanochemicals in sectors such as construction, electronics, Armor, Cosmetics, it is expected that the market will significantly recover with small economic disruption in the forecast period.

Nanochemicals Market Report Coverage

The report:“Nanochemicals Market - Forecast(2022-2027)” covers an in-depth analysis of the following segments of Nanochemicals Market.

By Type: Metallic Nanochemicals, Ceramic Nanochemicals, Polymer Nanochemicals, Others.

By Application: Cosmetics, Military and Armor, Bio Chemical and Chemicals, Nanoclays, Nanocoatings, Tiles, Polymers, Nanomedicine, Agrochemical and Others.

By End-Use Industry: Aerospace and Defence, Food and Beverages, Marine, Personal care and Cosmetics, Paints and Coatings, Building and Construction, Pharmaceutical, Industrial, Agriculture and others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

Key Takeaways

North America dominates the Nanochemicals Market, owing to the increasing demand for nanochemicals in several factors, such as industrial development and shifting of companies from convectional chemicals to nano-based chemicals.

Europe is another developed market for nanochemicals owing to the increasing regulatory push for use of chemicals and expanding applications of nanomaterials in chemical manufacturing in this region.

Increasing application of nanotechnology in the chemical industry and a new application of nanochemicals in catalyst designing coupled with technological advancements and governmental regulations on chemical manufacturing are expected to offer immense growth opportunities for the nanochemical market.

Nano scale industry players are continuously investing in the research and development for the recent and innovative technologies in the Nano scale markets. The growing market opportunities for nanochemicals in Asia- Pacific is accompanied by foreign investment and government support. Hence the Nanochemicals Market is going to grow in the forecast period.

Ceramic Nanochemical segment held the largest share of 38%in the Nanochemicals Market in 2020. Ceramic Nano-coating chemical is used as protective coating for various surface in detailing industry and car care industry. Ceramic nanochemicals having excellent quality and durability form transparent, very stable silicone layers, thus making them an ideal basis for multifunctional coating systems that is ananti-graffiti anti corrosive, scratch-resistant, dirt-repellent, UV-protective coating hydrophobic coating. According to Davidson Capital Advisors, Car wash and Car care industry revenue in 2020 was US$10.3 billion. According to OICA, the global vehicle production was 78 million in 2020 and in America, production of 15.7 million units represented a 20% share of the global production. Hence with global automotive sector growth, the usage of Ceramic Nanochemical in automotive industry is going to grow and eventually boost the Nanochemicals market in the forecast period.

Cosmetics segment held the largest share of 33% in the Nanochemicals Market in 2020. Cosmetic manufacturers use Nanochemicals to provide better UV protection, deeper skin penetration, long-lasting effects, increased color, finish quality, and many more features. To overcome certain drawbacks associated with the traditional products, application of nanotechnology is escalating in the area of cosmeceuticals which is regarded as the fastest growing segment of the personal care industry and the use has risen drastically over the years. Nanocosmeceuticals used for skin, hair, nail, and lip care, for conditions like wrinkles, photoaging, hyperpigmentation, dandruff, and hair damage, have come into widespread use. According to L'Oréal S.A. the global cosmetics industry market value is estimated to be US$228.4 billion and Asia pacific holds 43% of the global cosmetics industry in 2020. Hence it is projected that Nanochemicals market is growing in the forecast period.

Personal care and cosmetics segment held the largest share in the Nanochemicals Market in 2020 and is growing at a CAGR of 15.66% during 2022-2027. The use of nanotechnology has stretched across various end use industries, from electronics to medicine and has recently found vast applications in the field of cosmetics by taking the name of nanocosmetics. This widespread influence of nanotechnology in the cosmetic industries is due to the enhanced properties attained by the chemicals at the nano level including color, transparency, solubility and others. The different types of nanochemicals employed in cosmetics include nanosomes, liposomes, fullerenes, solid lipid nanomaterials. According to Cosmetics Europe, It is estimated that the cosmetics and personal care industry brings at least US$32.1 billion in added value to the European economy annually. US$12.1 billion is contributed directly by the manufacture of cosmetic products and US$20 billion indirectly through the supply chain. The Nanochemicals market has huge potential to grow with personal care and cosmetics industry growth in the forecast period.

North America region held the largest share in the Nanochemicals Market in 2020 up to 34%, owing to the increasing use of Nanochemicals in beauty and cosmetics products in the region. According to L'Oréal S.A, North America holds 24% of the global beauty Market in 2020 which is approximately US$54.8 billion. In Asia Pacific, China’s cosmetics sector has been growing at a fast pace in recent years, in line with the rapid development of the economy. According to, National Bureau of Statistics of China, retail sales of skincare products in China reached US$43.3 billion in 2019. In January 2020, Simpcare officially launched its first line of products. Its sales reached US$6.77 million dollar in 10 months. According to Crescendo Worldwide GmbH, Indian Beauty and cosmetics industry is going to reach US$20 billion dollar by 2025 from the current level of US$6.5 billion dollar. India is second largest populous country. According to DITP (Department of International Trade Promotion) the Beauty and Wellness market is currently growing at a CAGR of 18% in 2020. As the personal care industry matured over time, it has gone on to contribute a major share to global FMCG market. It is a highly competitive market which promotes the growth of the Nanochemicals market globally.

Nanochemicals Market Drivers

Huge Investment in cosmetics Industry Globally

According to JPMorgan Chase &Co., China is set to become the world’s largest cosmetics market worth US$57.4 billion dollar by 2023. While people are spending more in beauty and personal care segments, the competition for market share is as fierce as ever. According to the Next Perfect Diary male care, China’s male care market is about US$2.15 billion in 2020, with a 17% annual growth rate. Beauty and personal care companies have been leading the charge in driving sales from digital and influencer marketing techniques. According to The annual report of L’Oréal SA the online sale is boosted by digital transformation, up by 13% to US$11.7 billion. According to Brand Finance, MAC Cosmetics paves the way in cosmetics industry through strategic partnerships, up by 32% to US$4.4 billion. Thus the 5-Amino-1-Pentanol market will grow in the forecast period.

Growing use in Pharmaceutical Industry

Nanomedicine is a branch of medicine that applies the knowledge and tools of nanotechnology to the prevention and treatment of disease. Nanomedicine involves the use of nanoscale materials, such as biocompatible nanomaterials and nanorobots, for diagnosis, delivery, sensing or actuation purposes in a living organism. In the future, nanotechnology may allow us to receive individualized therapeutic treatments. Nanotechnology Advances in disease treatments, such as cancer, better imaging and diagnostic equipment, improvements in manufacturing allow for durable, light-weight, efficient production tools. Newly developed Nanomedicines include multi-component systems called theranostics, is ideal in both therapeutic and diagnostic molecules. Hence the Nanochemicals market has a huge potential to grow in the forecast period.

Nanochemicals Market Challenges

Health and Environmental hazards associated with nanomaterials:

Nano-goo is a self-replicating particle that gets out of control, which is also called as 'nano-robots'. The real risks are much more simple, and real. The miniature size of nanomaterials and the way their surfaces are modified to increase the ease with which they can interact with biological systems, the characteristics that make them attractive for applications in medicine and industry makes nanomaterials potentially damaging for humans and the environment. Carbon nanotubes are hazardous for repeated or prolonged inhalation exposure and for carcinogenicity.

Nanochemicals Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Nanochemicals Market. Nanochemicals Market top companies include:

1. DuPont Agriculture
2. Dow Agro Sciences
4. Siegwerk Group
5. Bayer CropScience AG
6. Syngenta AG
7. Sumitomo Corporation
8. Solvay S.A.
9. Evonik Industries
10. Kemira OYJ
11. SABIC Business Segments
12. ELANTAS Beck India Ltd.
13. Huntsman Corporation
14. Rhodia S.A.
15. Harima Chemicals Inc.
16. Omnova Solutions Inc.
17. W.R.Grace & Co.
18. Hexion Specialty Chemicals
19. PCAS
20. AkzoNobel N.V.
21. Toyo Ink Mfg. Co., Ltd.
22. Sensient Technologies Corp.
23. Michael Huber München GmbH

Recent Developments:

In February 2022, Evonik has introduced the silicon-carbon composite material, Siridion® Black, as a new anode material for lithium-ion batteries. The powder is produced by gas-phase synthesis. It consists of isolated unsintered spherical particles that are a few hundred nanometers in size.

This product will be delivered within 2 business days.

Table of Contents

1. Nanochemicals Market- Market Overview
1.1 Definitions and Scope
2. Nanochemicals Market- Executive Summary
2.1 Key Trends by Type
2.2 Key Trends by Application
2.3 Key Trends by End Use Industry
2.4 Key Trends by Geography
3. Nanochemicals Market- Comparative analysis
3.1 Company Benchmarking - Major Companies
3.2 Market Share Analysis- Major Companies
3.3 Product Benchmarking- Major Companies
3.4 Top 5 Financials Analysis
3.5 Patent Analysis- Major Companies
3.6 Pricing Analysis (ASPs will be provided)
4. Nanochemicals Market- Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Porters Five Force Model
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Powers of Buyers
4.3.3 Threat of New Entrants
4.3.4 Competitive Rivalry
4.3.5 Threat of Substitutes
5. Nanochemicals Market- Strategic Analysis
5.1 Value Chain Analysis
5.2 Opportunity Analysis
5.3 Product/Market Life Cycle
5.4 Distributor Analysis - Major Companies
6. Nanochemicals Market- By Type(Market Size -US$Million/Billion)
6.1 Metallic Nanochemicals
6.2 Ceramic Nanochemicals
6.3 Polymer Nanochemicals
6.4 Others
7. Nanochemicals Market - By Application(Market Size -US$ Million/Billion
7.1 Cosmetics
7.2 Military and Armor
7.3 Bio Chemical and Chemicals
7.4 Nanoclays
7.5 Nanocoatings
7.6 Tiles
7.7 Polymers
7.8 Nanomedicine
7.9 Agrochemical
7.10 Others
8. Nanochemicals Market-By End Use Industry (Market Size -US$Million/Billion)
8.1 Aerospace and Defense
8.2 Food and Beverages
8.3 Marine
8.4 Personal care and Cosmetics
8.5 Paints and Coatings
8.6 Building and Construction
8.7 Pharmaceutical
8.5 Industrial
8.6 Agriculture
8.7 Others
9. Nanochemicals Market-By Geography (Market Size -US$Million/Billion)
9.1 North America
9.1.1 USA
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 UK
9.2.2 Germany
9.2.3 France
9.2.4 Italy
9.2.5 Netherlands
9.2.6 Spain
9.2.7 Russia
9.2.8 Belgium
9.2.9 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 South Korea
9.3.5 Australia and New Zealand
9.3.6 Indonesia
9.3.7 Taiwan
9.3.8 Malaysia
9.3.9 Rest of APAC
9.4 South America
9.4.1 Brazil
9.4.2 Argentina
9.4.3 Colombia
9.4.4 Chile
9.4.5 Rest of South America
9.5 Rest of the World
9.5.1 Middle East Saudi Arabia UAE Israel Rest of the Middle East
9.5.2 Africa South Africa Nigeria Rest of Africa
10. Nanochemicals Market- Entropy
10.1 New Product Launches
10.2 M&As, Collaborations, JVs and Partnerships
11. Nanochemicals Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
11.1 Company 1
11.2 Company 2
11.3 Company 3
11.4 Company 4
11.5 Company 5
11.6 Company 6
11.7 Company 7
11.8 Company 8
11.11 Company 11
11.10 Company 10 and more
*Financials would be provided on a best efforts basis for private companies