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Nanomaterials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • ID: 4514871
  • Report
  • April 2022
  • Region: Global
  • 150 Pages
  • Mordor Intelligence

FEATURED COMPANIES

  • ACS Material
  • Arkema Group
  • Cabot Corporation
  • Nano-C
  • OCSiAl
  • SHOWA DENKO K.K.

The global nanomaterials market is expected to register CAGR more than 19 % during the forecast period (2022-2027).



Due to the COVID-19 pandemic, various countries worldwide imposed lockdowns in the first nine months of 2020. Thus, various manufacturing plants and production facilities were shut down or halted production. This situation negatively affected the demand from construction, electronics, rubber, and personal care applications. However, increased usage of nanomaterials in healthcare and construction industries helped the market to retain growth rate in 2021.



Key Highlights

  • Growing Usage of Nanomaterials in healthcare Industry and Increasing Usage of Nanomaterials in Water Treatment Applications are expected to drive the demand for nanomaterials market during the forecast period.
  • However, Higher Costs of Technology is expected to hinder the growth of the market studied.
  • Among the product types, nanoparticles are likely to account for the highest market share during the forecast period.
  • Asia-Pacific is expected to drive the market growth rate during the forecast period.

Key Market Trends


Electrical & Electronics segment to Dominate the Market

  • In the electrical and electronics segment, the demand for nanomaterials has been greatly increasing, owing to the major advances in computing and electronics, leading to faster, smaller, and more portable systems that can manage and store larger and larger amounts of information.
  • Some of the major applications of nanomaterials in the electronics industry include the use of carbon nanotubes in semiconductor chips, use of a variety of nanomaterials in lighting technologies, including light-emitting diodes or LEDs and organic light-emitting diodes or OLEDs, use of quantum dots in lasers, along with ongoing research into the application of others.
  • The electronics manufacturing market in Asia-Pacific is expected to grow rapidly during the upcoming years due to the presence of a large number of original equipment manufacturers (OEMS) in the region. Low cost, the availability of raw materials, and cheap labor are driving the growth of the sector. The companies in the region provide manufacturing and assembling services to companies in Germany, France, and the United States.
  • China has the world’s largest electronics production base and offers a tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, among others, registered the highest growth in the consumer electronics segment of the market in terms of demand.
  • Similarly in India, the electronics market witnessed a growth in demand, with market size increasing at rapid growth rate. India’s electronic goods exports fetched USD 11.11 billion in 2020-21. The growing electronics and appliances market in India and China may push the market growth further during the forecasting period.
  • From the above-mentioned factors, the demand for nanomaterials from the electrical and electronics segment is expected to grow over the forecasting period (2022-2027).

United States to Dominate the Global Nanomaterials Market

  • United States dominated the global nanomaterials market. With growing construction, electrical and automotive end user industries, the usage of nanomaterials is increasing in the country.
  • The US electronics market is the largest market in the world in terms of size. Furthermore, it is expected to remain the leading market over the forecast period due to the usage of advanced technology, an increase in the number of R&D centers, and rising demand from the consumers.
  • The United States installed 5.4 gigawatts of solar PV capacity in Q3 2021 to reach 113.5 gigawatts of total installed capacity, enough to power 21.8 million American homes.Thus growth in solar installations in 2021, it is expected to boost nanomaterials market in United States.
  • The United States has one of the world’s largest construction industries, and it recorded annual revenue of USD 2,400 billion in 2021. The United States is a major industrialized nation that houses multiple industries in heavy-scale, medium-scale, and small-scale categories.
  • The healthcare sector in the United States is by far one of the most advanced sectors in the country. United States health care spending increased 9.7 percent to reach USD 4.1 trillion in 2020, a much faster rate than the 4.3 percent increase seen in 2019. The acceleration in 2020 was occurred largely in response to the COVID-19 pandemic. Thus growth in healthcare spending, it is anticipated to strengthen the nanomaterials market in the contry.
  • All the aforementioned factors, in turn, are projected to show a significant impact on the market during the forecast period (2022-2027).

Competitive Landscape


The nanomaterials market is highly fragmented. The companies in the market focus on the specific types of nanomaterials and also on specific applications. The major players are constantly focusing on R&D for product innovation and capacity expansions, along with collaborations with local or regional distributors and manufacturers. Some of the key players in the market (in no particular order) include American Elements, Chengdu Organic Chemicals Co. Ltd (Timesnano), Jiangsu Cnano Technology Co. Ltd, Cabot Corporation, and ACS Material, among others.



Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ACS Material
  • Arkema Group
  • Cabot Corporation
  • Nano-C
  • OCSiAl
  • SHOWA DENKO K.K.

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Usage of Nanomedicines in the Healthcare Industry
4.1.2 Increasing Usage of Nanomaterials in Water Treatment Applications
4.2 Restraints
4.2.1 The growing concern over the impact of nanomaterials on human health and enviornment
4.2.2 Higher Costs of Technology
4.3 Industry Value-chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Nanoparticles
5.1.2 Nanofibers
5.1.3 Nanotubes
5.1.4 Nanoclays
5.1.5 Nanowires
5.2 End-user Industry
5.2.1 Healthcare
5.2.2 Electrical & Electronics
5.2.3 Energy
5.2.4 Construction
5.2.5 Personal Care
5.2.6 Other End-user Industries (Consumer goods, Packaging)
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 ASEAN Countries
5.3.1.6 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 ACS Material
6.4.2 American Elements
6.4.3 Arkema Group
6.4.4 BASF SE
6.4.5 Cabot Corporation
6.4.6 CHASM Advanced Materials Inc.
6.4.7 Chengdu Organic Chemicals Co. Ltd (Timesnano)
6.4.8 Jiangsu Cnano Technology Co. Ltd
6.4.9 LG Chem
6.4.10 Nano-C
6.4.11 Nanocyl SA
6.4.12 Nanophase Technologies Corporation
6.4.13 OCSiAl
6.4.14 Raymor Industries Inc.
6.4.15 SHOWA DENKO K.K.
6.4.16 ZYVEX TECHNOLOGIES
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Research Activities and Growing Applications
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ACS Material
  • American Elements
  • Arkema Group
  • BASF SE
  • Cabot Corporation
  • CHASM Advanced Materials Inc.
  • Chengdu Organic Chemicals Co. Ltd (Timesnano)
  • Jiangsu Cnano Technology Co. Ltd
  • LG Chem
  • Nano-C
  • Nanocyl SA
  • Nanophase Technologies Corporation
  • OCSiAl
  • Raymor Industries Inc.
  • SHOWA DENKO K.K.
  • ZYVEX TECHNOLOGIES
Note: Product cover images may vary from those shown

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