In a rapidly evolving technological landscape, innovative materials are the cornerstone of breakthrough solutions. Leading business pioneers and innovators are using the power of nanomaterials to revolutionize multiple industries. From reshaping electronics to improving healthcare and water treatment, nanomaterials are increasingly becoming indispensable tools for the future.
This comprehensive market research report offers insights into the growth factors and trends shaping the nanomaterials market. It reveals how an astonishing upswing in usage in healthcare and electronics, coupled with a dominant Asia-Pacific market, are propelling growth. Dive into detailed analysis of how nanomaterials are transforming traditional industries and opening doors to new possibilities. Despite some hindrances including high technology costs, the report outlines how increasing research activities and a broader range of applications stand as opportunities for market expansion.
Stay ahead of industry shifts and competition by discovering the latest trends and forecasted changes within this report. You’ll gain the edge needed to make informed decisions for your business’ future.
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 for construction, electronics, rubber, and personal care applications. However, increased usage of nanomaterials in healthcare and construction industries helped the market to retain its growth rate in 2021.
- The growing usage of nanomaterials in the healthcare industry and the increasing usage of nanomaterials in water treatment applications are expected to drive the demand in the nanomaterials market during the forecast period.
- However, higher technology costs are expected to hinder the market's growth.
- Increasing research activities and growing applications of nanomaterials is expected to act as market opportunity in the forecast period.
- The Asia-Pacific is expected to drive the market growth rate during the forecast period.
Nanomaterials Market Trends
The Electrical and Electronics Segment to Dominate the Market
- In the electrical and electronics segment, the demand for nanomaterials has been greatly increasing owing to major advances in computing and electronics, leading to faster, smaller, and more portable systems that can manage and store progressively larger amounts of information.
- Some of the major applications of nanomaterials in the electronics industry include the use of carbon nanotubes in semiconductor chips, the 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 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.
- As per a report published by JEITA, the production of global electronics and IT industries is expected to increase significantly in 2023 and reach USD 3,526.6 million compared to USD 3,415.9 billion in 2021.
- In Ho Chi Minh City, Vietnam, the South Korean giant, Samsung has heavily invested in a production facility, along with many other multinational electronic firms, like Japan’s Sharp and Denmark’s Sonion. Microsoft, Nintendo, Ricoh, and Dell, are some other companies that plan to set up production lines in Vietnam.
Asia Pacific Region to Dominate the Nanomaterials Market
- The Asia-Pacific region dominates the global market share. With growing construction activities and the increasing demand for furniture in countries such as China, India, and Japan, the demand for nanomaterials is increasing in the region.
- The Chinese government has policies to support and encourage domestic medical device innovation, providing opportunities for the market studied. As the second-largest healthcare industry globally, behind the United States, the country’s healthcare market has been more rigorous, especially in light of the COVID-19 pandemic in 2020. China is expected to have 25% of the global medical device industry revenue share by 2030.
- The healthcare sector in India was expected to reach USD 372 billion by 2022, mainly driven by increasing health awareness, access to insurance, rising income, and diseases. The medical sector in India is benefiting from the growing population at a rate of 1.6% per year. An aging population of over 100 million, rising incidences of lifestyle diseases, rising incomes, and increased penetration of health insurance are fueling the growth of more sophisticated and accurate medical devices in the industry.
- In Japan, the 65-and-above demographic represents around 30% of the country’s total population and is expected to reach around 40% by 2050. The rapidly aging Japanese population, the increasing number of patients with chronic and lifestyle diseases, and universal health insurance coverage and regulatory measures are driving the Japanese healthcare market. Japan is boosting its medical sector as its citizens are getting older at a faster rate than the citizens of any other nation.
- Thailand is acclaimed as a major healthcare hub in Asia. Thailand, as a leader in Asia, is found to be playing a vital role in many regional and international organizations, dedicated to promoting the advancement of medical devices in the area. Most of the medical devices manufactured in Thailand for export fall into the category of single-use devices and approximately 84% of the revenue of all medical supplies exported are in this group.
Nanomaterials Market Competitor AnalysisThe nanomaterials market is highly fragmented. The companies in the market focus on specific types of nanomaterials and also on specific applications. 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.
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Table of Contents1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Growing Usage of Nanomedicines in the Healthcare Industry
4.1.2 Increasing Usage of Nanomaterials in Water Treatment Applications
4.2.1 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 (Market Size in Value)
5.1 Product Type
220.127.116.11 Nonmetal Oxides
18.104.22.168.2 Iron Oxide
22.214.171.124.3 Titanium Oxide
126.96.36.199.5 Zinc Oxide
188.8.131.52 Complex Oxides
184.108.40.206.1 Calcium Phosphate
220.127.116.11.2 Rare Earth Metal Oxides
18.104.22.168.3 Lithium Titanate
22.214.171.124.4 Silica Hydride
5.2 Structure Type
5.2.1 Non-polymer Organic Nanomaterials
126.96.36.199 Carbon Black
188.8.131.52 Carbon Nanotubes
184.108.40.206 Small Molecule OLED
220.127.116.11 Activated Carbon
18.104.22.168 Carbon Nanotubes Composites
5.2.2 Polymeric Nanomaterials
22.214.171.124 Coatings and Adhesives
126.96.36.199 Transfection Reagents
188.8.131.52 Diagnostics Reagents
184.108.40.206 Drug Delivery Vehicle
220.127.116.11 Fabric Treatments
18.104.22.168 Optical Coatings
22.214.171.124 Nano-porous Filtration Membrane
126.96.36.199 Di-electric Films
188.8.131.52 OLED Films
5.3 End-user Industry
5.3.5 Personal Care
5.3.7 Other End-user Industries
184.108.40.206 South Korea
220.127.116.11 ASEAN Countries
18.104.22.168 Rest of Asia-Pacific
5.4.2 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.4.4 South America
184.108.40.206 Rest of South America
5.4.5 Middle-East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 South Africa
22.214.171.124 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/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
6.4.11 Nanocyl SA
6.4.12 Nanophase Technologies Corporation
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
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
- Nanocyl SA
- Nanophase Technologies Corporation
- Raymor Industries Inc.
- SHOWA DENKO K.K.
- ZYVEX TECHNOLOGIES