Global Nanomaterials Market Outlook, and Revenue Forecast 2022-2028: Ken Research

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Market OverviewNanomaterials are materials that have at least one external dimension that lies between 1-100 nanometers or internal structures that measure 100 nanometers or less. These can occur naturally or be formed by combustion reactions through nanotechnology to be used for a particular purpose. These can be in the form of fibers, particles, tubes, or rods. The properties of the bulk form of nanomaterials can be different from that of the individual nanomaterials that are used to form them. Due to their properties such as electrical conductivity, hardness, elasticity, high strength, and chemical resistance, the application of nanomaterials is on the rise in the healthcare, automotive, electronics, and chemicals industries among others.According to Ken Research Analysis, the Global Nanomaterials Market is expected to record a positive CAGR of ~12% during the forecast period (2022-2028) and is expected to reach approximately US$ 20 Billion by 2028.The increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries is helping the market grow.

  • Increasing research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments are helping the market growth.

There are concerns about the environmental impact and toxicity of engineered nanomaterials. In addition to this, there is also skepticism about the health hazards of such materials on the people who are exposed to them. These factors act as constraints to the growth of the market.global-nanomaterials-market

  • Stringent government norms and regulations regarding the usage of such materials and the high processing costs also act as hindrances to the growth of the market.

The COVID-19 outbreak had a negative impact on the demand for Nanomaterials as manufacturing activities came to a standstill due to the imposition of the lockdowns. As raw materials could not be made available hence the demand for the products suffered during the initial phase of the pandemic. However, as research and development activities increased to evaluate the effectiveness of the nanomaterials in the detection and treatment of COVID-19 helped the market recovered later.Scope of the ReportThe Nanomaterials Market is segmented by product, structure, and end-user. In addition, the report also covers market size and forecasts for the four major regions’ Nanomaterials Market. The revenue used to size and forecast the market for each segment is US$ billion.The increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries is helping the market grow.Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTY2Increasing research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments are helping the market growth.There are concerns about the environmental impact and toxicity of engineered nanomaterials. In addition to this, there is also skepticism about the health hazards of such materials on the people who are exposed to them. These factors act as constraints to the growth of the market.

  • Stringent government norms and regulations regarding the usage of such materials and the high processing costs also act as hindrances to the growth of the market.

The COVID-19 outbreak had a negative impact on the demand for Nanomaterials as manufacturing activities came to a standstill due to the imposition of the lockdowns. As raw materials could not be made available hence the demand for the products suffered during the initial phase of the pandemic. However, as research and development activities increased to evaluate the effectiveness of the nanomaterials in the detection and treatment of COVID-19 helped the market recovered later.global-nanomaterials-market-analysisScope of the ReportThe Nanomaterials Market is segmented by product, structure, and end-user. In addition, the report also covers market size and forecasts for the four major regions’ Nanomaterials Market. The revenue used to size and forecast the market for each segment is US$ billion.By Structure: The Non-polymeric Organic Nanomaterials segment held the larger share of the Global Nanomaterials Market in 2021.

  • The non-polymeric organic nanomaterials exhibit superior physical and chemical properties such as optical clarity, chemical resistance, surface appearance, flame retardancy, and dimensional stability.Due to the above-mentioned properties, these nanomaterials make durable, lighter, and stronger materials and that is why there is an increased demand for them in end-user industries such as energy, electronics, healthcare, and automotive which is helping this segment dominate the market.

By End-user: The Healthcare segment held the larger share of the Global Nanomaterials Industry in 2021.

  • The growing use of nanomaterials for diverse applications such as targeted drug delivery, cell repair & detection, and imaging is helping this segment dominate the market.In addition to this, the nanomaterials are used for other areas in medical and healthcare fields such as nano diagnostics, nano biosensors, and nacrobots for surgery which help the segment dominate the market.

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total global Nanomaterials market.

  • The Asia-Pacific region dominated the Nanomaterials market due to the growing need for specialty materials and the high use of nanomaterials in various end-user industries such as textiles, defense, automotive, medical equipment, healthcare, and electronics in this region.The ongoing research and development activities, as well as high investments in this region especially in countries such as China and Japan to develop nanomaterials by the organizations and with the backing of the governments, are helping the segment dominate the market.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTY2Competitive Landscape

  • The Global Nanomaterials Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players.Approximately, the large global players constitute 5%, the regional players 35%, and country-niche players 60% of the market by type of companies operating in the market. Some of the major players in the market include Arkema, Strem, BASF SE, American Elements, Evonik AG, US Research Nanomaterials, Inc., nanoComposix, Frontier Carbon Corporation, Quantum Materials Corp., Cytodiagnostics Inc., Cabot Corporation among others.

Recent Developments Related to Major and Emerging Companies

  • In April 2021, nanoComposix and Pró-Análise, a Brazilian company that distributed laboratory products and had a strong presence in South, Southeast & Northeast regions of the country, signed an agreement to offer wider distribution of the nanoparticle products of nanoComposix throughout Brazil.In April 2021, Evonik enhanced its nanoparticles production capabilities at the Geesthacht facility by completing a new multi-purpose reactor. The new plant would meet the demand for its acrylate resins filled with nanoparticles that has applications such as artificial teeth and component filling for dentistry specialties.In May 2022, BASF entered into an agreement with Nano One for lithium-ion battery materials. Under the agreement, both companies wanted to bring together BASF’s HEDTM-family of advanced Cathode Active Material technology and Nano One’s One-Pot process which is its coated nanocrystal materials to produce lithium-ion battery cathode active materials with lesser by-products.

ConclusionThe Global Nanomaterials Market is forecasted to continue a strong growth that is witnessed during the forecast period. Key trends driving market expansion include the increasing demand for nanomaterials in the healthcare and electronics sectors among other end industries, growing investments in research & development by companies to bring innovative products to the market, the superior physical & chemical properties of these materials, and increasing investment by the governments. The market is highly competitive with ~500 participants concentrating on expansion strategies through product innovations as well as acquisitions, partnerships, and mergers.For more insights on the market intelligence, refer to the link below:-Global Players in Nanomaterials Industry

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