The global nanomaterials market was valued at $16.3 billion in 2021and is projected to reach $62.8 billion by 2031, growing at a CAGR of 14.6% from 2022 to 2031.
Nanomaterials are nanometer-scale structures with at least one dimension less than 100 nanometers. They are classified as having zero, one, two, or three dimensions. They are amorphous or crystalline zero-dimensional nanomaterials and come in a wide variety of shapes and sizes. Nanotubes, nanorods, and nanowires are examples of one-dimensional nanomaterials. Nanofilms, nanosheets, and nanocoatings are examples of two-dimensional nanomaterials with platelet-like structures. Two-dimensional nanoparticles can be made from a variety of chemical compounds and incorporated into matrix materials. Three-dimensional nanomaterials are bulk nanomaterials with three arbitrarily large dimensions above 100 nm. They include nanoparticle dispersions, nanowire bundles, and nanotubes.
Nanomaterials possess an antibacterial action toward different pathogens, owing to which it is incorporated into various biomedical uses and commercial products. The bactericidal activity of nanomaterials such as silver nanoparticles is due to the silver cations, which have the potential to attach specifically to thiol groups of bacterial proteins and disrupt their physiological activity, which leads to death of cell. Moreover, nanomaterials play a significant role in dermal contraction during wound healing contributing to increased rate of wound closure. These properties make nanomaterials ideal in a variety of applications such as face masks, wound care, medical devices, textiles, and others. In addition, safe medical tools coated with nanomaterials are being developed, owing to its characteristics such as countermeasures against infectious diseases.
But, potential of safety risk to health and environment is restraining the growth of the nanomaterials market. However, increase in R&D efforts around the globe have revealed new areas of application in the nanomaterials industry. There is an excellent opportunity to start collaboration with these players around the industry when nanomaterials improve material conductivity, resistivity, strength and durability. Therefore, these companies would get a chance to share their business strategy, manufacturing process, and market approach. Investment in R&D activities is expected to provide massive business opportunities to the nanomaterials industry due to the collaboration of different manufacturers on nanomaterials.
The nanomaterials market is segmented on the basis of material type, end user industry, and region. Depending on material type, the market is categorized into carbon based nanomaterials, metal & non-metal oxides, metals based nanomaterials, dendrimers nanomaterials, nanoclay, and nanocellulose.
On the basis of end user industry, the market is divided into paint & coatings, adhesives & sealants, healthcare & life science, energy, electronics & consumer goods, personal care, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The report further covers strategies adopted by key players to sustain the competitive environment and increase their market share. In addition, the report covers profiles of key industry participants, such as Arkema Group, Daikin Industries Ltd, DuPont, Evonik Industries AG, Lanxess Corporation, LG Chem, Merck KGaA, Nanoco Technologies Ltd, Nanocyl S.A., and Umicore N.V.
However various R&D organizations invested in research where nanomaterials used in the detection, prevention, and treatment of COVID-19 and other viral infections. Because of antibacterial, antioxidant, and anticancer capabilities, nanomaterials are rapidly being used in biomedical or imaging applications, implants, photothermal therapy, and drug delivery. Such medical applications are expected to reduce the impact on the growth caused by Covid-19.
Nanomaterials are nanometer-scale structures with at least one dimension less than 100 nanometers. They are classified as having zero, one, two, or three dimensions. They are amorphous or crystalline zero-dimensional nanomaterials and come in a wide variety of shapes and sizes. Nanotubes, nanorods, and nanowires are examples of one-dimensional nanomaterials. Nanofilms, nanosheets, and nanocoatings are examples of two-dimensional nanomaterials with platelet-like structures. Two-dimensional nanoparticles can be made from a variety of chemical compounds and incorporated into matrix materials. Three-dimensional nanomaterials are bulk nanomaterials with three arbitrarily large dimensions above 100 nm. They include nanoparticle dispersions, nanowire bundles, and nanotubes.
Nanomaterials possess an antibacterial action toward different pathogens, owing to which it is incorporated into various biomedical uses and commercial products. The bactericidal activity of nanomaterials such as silver nanoparticles is due to the silver cations, which have the potential to attach specifically to thiol groups of bacterial proteins and disrupt their physiological activity, which leads to death of cell. Moreover, nanomaterials play a significant role in dermal contraction during wound healing contributing to increased rate of wound closure. These properties make nanomaterials ideal in a variety of applications such as face masks, wound care, medical devices, textiles, and others. In addition, safe medical tools coated with nanomaterials are being developed, owing to its characteristics such as countermeasures against infectious diseases.
But, potential of safety risk to health and environment is restraining the growth of the nanomaterials market. However, increase in R&D efforts around the globe have revealed new areas of application in the nanomaterials industry. There is an excellent opportunity to start collaboration with these players around the industry when nanomaterials improve material conductivity, resistivity, strength and durability. Therefore, these companies would get a chance to share their business strategy, manufacturing process, and market approach. Investment in R&D activities is expected to provide massive business opportunities to the nanomaterials industry due to the collaboration of different manufacturers on nanomaterials.
The nanomaterials market is segmented on the basis of material type, end user industry, and region. Depending on material type, the market is categorized into carbon based nanomaterials, metal & non-metal oxides, metals based nanomaterials, dendrimers nanomaterials, nanoclay, and nanocellulose.
On the basis of end user industry, the market is divided into paint & coatings, adhesives & sealants, healthcare & life science, energy, electronics & consumer goods, personal care, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The report further covers strategies adopted by key players to sustain the competitive environment and increase their market share. In addition, the report covers profiles of key industry participants, such as Arkema Group, Daikin Industries Ltd, DuPont, Evonik Industries AG, Lanxess Corporation, LG Chem, Merck KGaA, Nanoco Technologies Ltd, Nanocyl S.A., and Umicore N.V.
COVID-19 Impact on Market
The industries that require nanoparticles for producing products, including automotive and aviation, were shut down, the demand for carbon nanomaterials has declined dramatically, restricting the market growth of nanomaterials during the pandemic.However various R&D organizations invested in research where nanomaterials used in the detection, prevention, and treatment of COVID-19 and other viral infections. Because of antibacterial, antioxidant, and anticancer capabilities, nanomaterials are rapidly being used in biomedical or imaging applications, implants, photothermal therapy, and drug delivery. Such medical applications are expected to reduce the impact on the growth caused by Covid-19.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nanomaterials market analysis from 2021 to 2031 to identify the prevailing nanomaterials market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the nanomaterials market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global nanomaterials market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material Type
- Carbon Based Nanomaterials
- Metal and Non-Metal Oxides
- Metal
- Dendrimers
- Nanoclay
- Nanocellulose
By End Use Industry
- Paints Coatings
- Adhesives Sealants
- Health Care Life Science
- Energy
- Electronics Consumer Goods
- Personal Care
- Others
By Region
- North America
- Canada
- Mexico
- U.S.
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest Of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest Of LAMEA
Key Market Players
- ARKEMA GROUP
- DAIKIN INDUSTRIES LTD
- DUPONT
- EVONIK INDUSTRIES AG
- LANXESS CORPORATION
- LG CHEM
- MERCK KGAA
- NANOCO TECHNOLOGIES LIMITED
- NANOCYL S.A.
- UMICORE N.V.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NANOMATERIALS MARKET, BY MATERIAL TYPE
CHAPTER 5: NANOMATERIALS MARKET, BY END USE INDUSTRY
CHAPTER 6: NANOMATERIALS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Nanomaterials Market," the global nanomaterials market size was valued at $16.3 billion in 2021and is projected to reach $62.8 billion by 2031, growing at a CAGR of 14.6% from 2022 to 2031.Nanomaterials are structures of up to one dimension. There are four major types of segments in the nanomaterials market namely, zero-dimensional, one-dimensional, two-dimensional and three-dimensional. Nanoparticles are amorphous or crystalline one-dimensional structures. They also come in different shapes and sizes. Acicular particles have the shape of nanotubes, nanorods, and nanowires. A two-dimensional form of nanomaterial is a nanofilm. There are various applications of nanomaterials.
Nanomaterials are used in various end user industries due to its properties such as high strength, hardness, elasticity, electrical conductivity, antibacterial and self-cleaning properties. Scratch resistance and chemical resistance are the main reasons for using these nanomaterials in several end use industries. In recent years, the electronics market has experienced high acceptance of nanomaterials. The need for medical devices and nanoparticles also leads to high acceptance rates. Battery electrodes, fabric surface treatments, and transportation industries are increasing market usage. Airplanes are in desperate need of nanomaterials. The ceramic coating market is also experiencing extraordinary demand for its products during the forecast period. Emerging markets face high demand for nanomaterials in water treatment applications. Rise in need for nanomaterials in various industries is projected to foster the nanomaterials market growth in the coming years. These nanomaterials market trends create high market value for nanomaterials.
The nanomaterials market is categorized on the basis of material type, end user industry, and region. By material type, the metal based nanomaterials segment accounted for a market share of 82.6% in 2021 and is projected to grow at a CAGR of 14.8% over the forecast period. Metal based Nanomaterials are a focus of the biomedical and pharmaceutical industries. The power here is the chemical binding or conjugated properties that metal-based nanoparticles offer. That power if found in the ability of multi-bond materials to be joined chemically with antibodies or pharmaceuticals. Metal based nanomaterials are used in healthcare such as contrast dyes that work with MRI and scanning devices for diagnostic purposes.
By end user industry, the paints & coating segment dominated the global market with a share of 21.5% in 2021. Many paints for indoor and outdoor applications contain biocides and additives for protection against microbial, physical and chemical deterioration. It is proposed that engineered nanomaterials in paints will improve their properties, such as hydrophobation, water repellence, scratch resistance, durability, antimicrobial properties, UV-light-filtering, self-cleaning properties, photocatalytic activity, improved rheology, and increased bleaching resistance. Due to these properties, the nanomaterials market share is expected to rise in paints & coating industry over the forecast period.
By region, Asia Pacific is leading region in nanomaterials market and expected to be fastest growing region owing to strong demand for nanomaterials in Asia-Pacific as many new companies are trying to enter the market, especially in China, India, Japan, and others.
Major players operating in the global nanomaterials market analysis include, Arkema Group, Daikin Industries Ltd, DuPont, Evonik Industries AG, Lanxess Corporation, LG Chem, Merck KGaA, Nanoco Technologies Ltd, Nanocyl S.A., and Umicore N.V.
COVID-19 Impact on Market
The COVID-19 pandemic's emergence caused the market for nanomaterials to fall, which in turn decreased consumer spending power. In 2020, despite the COVID-19 pandemic, the aerospace, automobile, and electronics sectors all have seen decreased demand. The ease of limitations and financial packages proposed by governments to start the economies, which have strengthened consumer demand, have led to a revival in demand in 2021.
Nevertheless, a number of R&D organizations are creating fresh potential uses for nanomaterials in the detection, prevention, and treatment of COVID-19 and other viral infections. Due to their antibacterial, antioxidant, and anticancer capabilities, nanomaterials are rapidly being used in biomedical or imaging applications, implants, photothermal therapy, and drug delivery. Such medical applications are expected to reduce the impact on the growth caused by Covid-19.
Key Findings of the Study
- By material type, dendrimers is anticipated to be the fastest-growing material type segment in terms of value, growing at a CAGR of 16.2%, throughout 2022-2031. Dendrimers have a broad range of applications in supramolecular chemistry, particularly in host-guest reactions and self-assembly processes. Currently, drug delivery, imaging, photodynamic therapy, anti-cancer drugs, MRI, gene delivery, sensors, and neutron capture therapy are some of its successful applications.
- In nanomaterials industry, the paints & coating end-user industry segment emerged as the global leader by acquiring around 21.5% market share in 2021 in terms of revenue and is anticipated to show a significant growth rate over the forecast period.
- Region-wise, Asia Pacific is the major consumer of nanomaterials among other regions. It accounted for around 39.1% of the global market share in 2021 and Asia-Pacific is expected to witness lucrative growth rate over the forecast period.
Companies Mentioned
- Arkema Group
- Daikin Industries Ltd
- Dupont
- Evonik Industries AG
- Lanxess Corporation
- Lg Chem
- Merck Kgaa
- Nanoco Technologies Limited
- Nanocyl S.A.
- Umicore N.V.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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