Nanomaterials Market

 Global Opportunity Analysis and Industry Forecast,

2014 - 2022

• Nanomaterials can be defined as substances that are intentionally produced, manufactured or engineered to have specific properties and one or more dimensions typically between 1 and 100 nanometres. Most nanomaterials are produced in multi-ton volumes in varying sizes, shapes, and also in surface coatings.

• Nanomaterials cover a range of materials inorganic metal and metal oxide nanomaterials, carbon-based nanomaterials and polymeric particulate materials in a variety of forms. nanomaterials are currently impacting include healthcare, sporting goods, cosmetics and personal care, automotive, food and beverage, home and garden, coatings in numerous sectors, consumer electronics and computing. Paints and coatings cross-apply to numerous consumer markets from aerospace and automotive to construction and hygiene. 

• According to a new report published by Allied Market Research, titled “Nanomaterials market -Global Opportunity Analysis and Industry Forecast, 2014 - 2022" is expected to reach $55,016 million by 2022 from $14,741.6 million in 2015, growing at a CAGR of 20.7% from 2016 to 2022.

Nanomaterials Market Overview

• The demand for nanomaterials has witnessed tremendous growth due to their properties such as light weight in nature, electrical, catalytic, magnetic, mechanical, thermal, and imaging features.

• Some of the other major factors that drives the potential of nanomaterials market are extensive focus on research & development activities, new applications (aerospace & defense, sporting goods, and others), government funding & support, collaboration among industry players to meet new challenges, and decrease in price of nanomaterials.

• Most commonly consumed metal & non-metal oxide-based nanomaterials are titanium dioxide and silicon dioxide. Consumption of silicon dioxide was 198 kilo tons in 2015 and is projected to reach 786 kilo ton by 2022, at a CAGR of 21.8%.

Nanomaterials Market Analysis

Emerging Trends in Nanomaterials Market

Drivers• Government funding & support for nanomaterials to serve the potential growth

• Partnerships & strategic alliances• Decrease in price of nanomaterial

Restraints• Growing concerns over environmental impact and toxicity of Engineered nanomaterials

• High processing cost coupled with stringent environmental regulations

Opportunity• Significant opportunities in end-user industries

Nanomaterials Market Dynamics

• Ahlstrom Air Products and Chemicals Inc.• Arkema Group• CNano Technologies Ltd.• Daiken Chemicals• DuPont• Fuso Chemical Co., Ltd.• MKnano, Nanoco, Nanocyl S.A.• NanoIntegris• Nanophase Technologies Inc.• Nanosys Inc.• Southern Clay Products, Inc.• TDA Research• Umicore NanoMaterials

Leading Manufacturers in Industry

• The market revenue of nanoclay is expected to witness a highest CAGR of 24.9%.

• Paints & coatings and adhesives & sealants together accounted for more than one-third market share in 2015.

• Personal care is projected to grow at a highest CAGR of 22% (in terms of revenue).

• North America is projected to lead the market throughout 2022, growing at a CAGR of 20.5% (in terms of revenue).

• U.S. led the world nanomaterials market in 2015, and is expected to maintain its dominance throughout the period under consideration.

Key Findings of Nanomaterials Market

Nanomaterials Market by Region

“Metal & non-metal oxide-based nanomaterials are the most widely accepted in the industry and are expected to grow with a CAGR of 20.7% from 2016 to 2022. He further adds, nanoclay and nanocellulose also exhibit growth potential owing to increase in the number of commercial applications for these materials.”

Eswar Prasad

Nanomaterials Market

 

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