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Nanomaterial market size is set to reach from USD 4.9 billion in 2016 to USD 17.8 billion by 2024

Industrial Market Research

According to new research report, Nanomaterial market to grow at a CAGR of 17.63% over the forecast period. Electrical & electronics, pharmaceutical, and chemical products are the major application segments of global nanomaterials market that drives the respective market.

According to Goldstein Research, widespread growth in the electronics market which leads to a persistent upsurge in the usage of nanomaterials and also there is a steady growth in the healthcare industry particularly in the nanomedicine field which is the major factor for the growth of nanomaterials market. Moreover, R&D activities by major players are also expected to develop innovative application across various industries which will further propel the market growth.

Global nanomaterials market Make an Inquiry about this news outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. One of the major trends in the global Nanomaterials market is the usage of nanomaterials in the telecommunications industry that will play an important role in the coming years predominantly with respect to fibre optics.