London, UK -- (SBWire) -- 03/23/2022 --A recent study by Triton Market Research titled 'Global Nanomaterials Market' comprises the Global Analysis and Forecasts by End-user (Construction, Rubber Processing, Healthcare, Cosmetics and Personal Care, Electronics, Energy, Other End-users), Material Type (Dendrimers, Carbon-based Nanomaterials [Graphene, Carbon nanotubes, Fullerenes], Quantum Dots, Nanoclay, Metals [Gold, Silver, Nickel], Nanocellulose, Metal Oxides [Magnesium Oxide, Copper Oxide, Cobalt Oxide, Bismuth Oxide, Iron Oxide, Antimony Tin Oxide, Zirconium Oxide, Zinc Oxide, Aluminum Oxide, Silicon Dioxide, Cerium Oxide, Titanium dioxide, Manganese Oxide]), and by Geography (Latin America, Middle East and Africa, Europe, North America, Asia-Pacific)
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Triton's report estimated the global nanomaterials market to register growth based on revenue at a CAGR of 14.94% and 15.61% in volume during the projected period of 2021-2028. It is further assessed to display revenue worth $75.50 billion by 2028.
Nanoparticles can be derived from several products, such as carbon and minerals like silver. They are employed across multiple industries, such as electronics, construction, and more.
In recent years, the demand for nanomaterials has grown significantly for multiple applications, such as global and optics. This is mainly owing to their lightweight properties. Here, the surface area to volume ratio for products produced from nanoparticles has a significant impact. Therefore, the surge in demand for lightweight products has increased the demand for nanomaterials, thereby motivating the nanomaterials market's growth.
However, the high processing costs and environmental regulations are key factors negatively impacting the nanomaterials market's growth.
The nanomaterials market is bifurcated into end-user and material type. The end-user section is divided into construction, rubber processing, healthcare, cosmetics and personal care, electronics, energy, and other end-users. The material type comprises dendrimers, carbon-based nanomaterials, quantum dots, nanoclay, metals, nanocellulose, and metal oxides. Here, the carbon-based nanomaterials segment is branched into graphene, carbon nanotubes, and fullerenes. The metals section is trifurcated into gold, silver, and nickel. Lastly, based on metal oxides, the market is segmented into magnesium oxide, copper oxide, cobalt oxide, bismuth oxide, iron oxide, antimony tin oxide, zirconium oxide, zinc oxide, aluminum oxide, silicon dioxide, cerium oxide, titanium dioxide, and manganese oxide.
The Asia-Pacific dominates the nanomaterials market and is estimated to continue its stronghold till 2028. The market has observed substantial growth owing to the rise in the consumer electronic sector. As a result, several prominent companies are investing significantly to ensure the expansion of their production. Besides this, the improvement in infrastructure and availability of a skilled workforce has enhanced the use of nanomaterials. Thus, these developments are fueling the progression of the nanomaterials market.
Showa Denko KK, Arkema, Daikin, Nanosys, Nanophase Technologies Corporation, BASF, Covestro AG, Dupont, Nanoco Technologies Ltd, Raymor Industries, and Nanocyl SA are established companies in the nanomaterials market.
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Question & Answer: Nanomaterials Market
Question 1: What factors are motivating the nanomaterials market's growth?
Answer: In recent years, the demand for nanomaterials has grown significantly for multiple applications, such as global and optics. This is mainly owing to their lightweight properties. Here, the surface area to volume ratio for products produced from nanoparticles has a significant impact. Therefore, the surge in demand for lightweight products has increased the demand for nanomaterials, thereby motivating the nanomaterials market's growth.
Question 2: What factors are negatively impacting the nanomaterials market's growth?
Answer: The high processing costs and environmental regulations are key factors negatively impacting the nanomaterials market's growth.
Question 3: Which region dominates the nanomaterials market?
Answer: The Asia-Pacific dominates the nanomaterials market and is estimated to continue its stronghold till 2028. The market has observed substantial growth owing to the rise in the consumer electronic sector. As a result, several prominent companies are investing significantly to ensure the expansion of their production. Besides this, the improvement in infrastructure and availability of a skilled workforce has enhanced the use of nanomaterials. Thus, these developments are fueling the progression of the nanomaterials market.
Question 4: Which are the established companies in the nanomaterials market?
Answer: Showa Denko KK, Arkema, Daikin, Nanosys, Nanophase Technologies Corporation, BASF, Covestro AG, Dupont, Nanoco Technologies Ltd, Raymor Industries, and Nanocyl SA are established companies in the nanomaterials market.
Related Report:
Global Paints & Coatings Market
The global paints & coatings market is expected to display growth in revenue during 2019-2027 at a CAGR of 5.34% in revenue and 4.30% in volume. It is estimated to acquire revenue worth $229.71 billion by 2027.
The paints and coatings industry is highly regulated, compelling producers across the industry to adopt low-solvent and solventless technologies.
The expansion of the automotive industry, rising infrastructural projects, and increase in demand for paints in aerospace and marine industries are supporting the growth of the nanomaterials market.
Furthermore, the increase in demand from emerging economies, the adoption of sustainable products, and the advent of Nano polymers are creating new opportunities for the paints & coatings market.
