This report examines the nanotechnology industry. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of the nanosensors, nanodevices, nanomaterials, end users and regions. The market size includes the markets of both nanotech products and nanomaterials, as well as tools. It also focuses on the regulations and government-supported programs impacting this market. Regionally, the focus of the study will be the markets of North America, Europe, Asia-Pacific and the Rest of the World (RoW).
This report focuses on the global market for nanotechnology by type (i.e., nanosensors, nanodevices nanomaterials, nanotools, nanoclays, nanomagnetics, nanoceramic products), by end user (i.e., electronics and semiconductors, healthcare and pharmaceuticals, energy, military and defense, transportation, industrial, others). Nanotechnology deals with the nanoscale, so it doesn’t typically involve the manipulation of larger structures or objects that are not within the nanometer size range. There is overlap between nanotechnology and biotechnology, but genetic engineering and biological studies that don’t specifically involve nanoscale manipulation are generally separate fields.
The scope of the nanotechnology industry is continually expanding as new discoveries are made and as researchers and industries explore innovative ways to harness the unique properties of nanoscale materials and devices. This report, however, concentrates on nanotechnologies that are currently in commercial use or are likely to be commercialized by 2028. Other applications that, while promising, are not likely to make it out of the laboratory by 2028 are not covered in depth. Sales value estimates are based on prices in the supply chain. Market-driving forces and industry structure are examined. International aspects are analyzed for all global regions.
Report Includes
- 64 data tables and 53 additional tables
- An overview and analysis of the current and future global markets for nanotechnology
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- An estimate of the actual market size, a revenue forecast for the global nanotechnology market, and a market share analysis based on type, end-use industry and region
- In-depth information (facts and figures) pertaining to the market drivers, opportunities, challenges and prospects; technologies; regulatory scenarios; and the market impacts of COVID-19 and the Russia-Ukraine war.
- A holistic review of both Porter’s Five Forces and PESTLE analysis, taking into account micro
- and macro-environmental factors
- A review of existing and new commercially deployed nanotechnology-based products and nanomaterials
- Identification of the trends that will affect the use of nanotechnology and their major source markets
- A discussion of ESG developments in the nanotechnology industry, with emphasis on the ESG practices of leading market participants
- An analysis of the industry structure respect to company market shares, venture fundings, and recent mergers and acquisitions (M&A) activity
- Analysis of the competitive landscape based on recent developments, key financials and segmental revenues, and operational integration of the major stakeholders
- Company profiles of the leading market players, including 3M Co., Sanofi, Asahi Kasei, Thermo Fisher Scientific Inc., and Bruker Corp.
Table of Contents
Executive Summary
The nanotechnology industry is anticipated to continue its growth trajectory, driven by advancements in research and development, increased adoption across industries and ongoing innovations in materials and processes. Global governments, academia and industries are investing in nanotechnology initiatives, which indicates a strong commitment to its development. The investment will focus on areas with the most prominent commercial impacts, such as nanomaterials applied to artificial intelligence, big data, the Internet of Things (IoT), gene editing and additive manufacturing (3D printing). In 2021, the Massachusetts Institute of Technology’s (MIT) Department of Materials Science and Engineering (DMSE) developed 2D artificial molecules that spontaneously assemble stronger nanoribbons than steel.
Nanotechnology offers new opportunities to improve the environmental monitoring, measurement and management of contaminants. The U.S. Environmental Protection Agency (EPA) is involved in researching and developing the benefits of nanotechnology. One of the interesting initiatives for global nanotechnology is the U.S. National Nanotechnology Initiative. This is an active collaboration between 20 federal agencies and cabinet-level departments with shared interests in nanotechnology research, development and commercialization. Since its inception, the initiative has invested more than $25 billion in nanotechnology. The agencies under the NNI must develop and update strategic plans every three years, which will then play into their comprehensive agenda.
Nanotechnology has enabled the miniaturization of electronic components and the development of more efficient and powerful devices, whereas in the energy sector, nanotechnology has the potential to revolutionize energy storage, solar cells and water purification. Nanostructured materials can improve the efficiency of energy conversion and storage systems, making renewable energy sources more viable.
Nanotechnology holds immense promise, but ethical concerns and potential environmental impacts of nanoparticles are being debated. Growing concerns regarding nanomaterials’ implications for human health and the environment (e.g., toxicity of nanomaterials themselves, presence of toxic solvents, release of hazardous intermediate compounds, toxicity of wastes resulting from nanomaterials’ processing or manufacturing), as well as stringent requirements in the frameworks of the government environmental regulation, are restraining market growth. Balancing innovation with safety and responsible development remains a crucial challenge for nanotechnology market players.
North America dominates the nanotechnology market with a 38.1% share in 2022 due to a significant rise in R&D investments in nanotechnology. Several firms in the U.S. are engaged in the development of nanotechnology-based products and solutions. The country’s high concentration of key market players has accelerated the application of nanotechnology in various industries, such as healthcare and electronics. Government agencies, such as the National Science Foundation (NSF), the National Institutes of Health (NIH) and the Department of Energy (DOE), are providing substantial funding for nanotechnology research. This funding supports fundamental research and applied projects to drive innovation and technological advancement.
Rising competition among nanotechnology market players is continuously helping in product differentiation, cost reduction and innovation, which fuels market development. The industry is driven by technological innovation, with companies constantly developing new and improved products integrating nanomaterials. Acquisition, capacity expansion and technical collaborations are other trends observed in the industry ecosystem.
Companies Mentioned
- 3M Co.
- Acs Material LLC
- Advanced Nano Products Co. Ltd.
- Altairnano
- Ansell Ltd.
- Asahi Kasei Corp.
- Aspen Aerogels Inc.
- Bruker Corp.
- Cnano Technology Co. Ltd. (Jiangsu Cnano)
- Espin Technologies Inc.
- Forge Nano
- Fortis Life Sciences
- Hyperion Catalysis International Inc.
- Imina Technologies Sa
- Integran Technologies
- Kleindiek Nanotechnik GmbH
- Mach I Inc.
- Nanocyl Sa
- Nano Magic LLC
- Nanonics Imaging Ltd.
- Nanophase Technologies Corp.
- Nanoseedz Ltd.
- Nano Tech Co. Ltd.
- Nei Corp.
- Sanofi
- Thermo Fisher Scientific Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | October 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 68 Billion |
| Forecasted Market Value ( USD | $ 183.7 Billion |
| Compound Annual Growth Rate | 22.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
