Global nanomaterials market was valued at USD 4,097.17 million in 2015. The market is expected to reach USD 11,252.76 million by 2020, at a CAGR of 22.39% during the forecast period (2017 - 2022). North America will remain the market leading region for several years as it has significant ongoing R&D activities in nanomaterials.
North America was the largest market in 2015, followed by Europe, owing to a significant use of nanomaterials in medical and electronics industry in the region. A good growth of nanomaterials was witnessed in the Asia region during last 5 years due to government support, continued environmental consciousness and expected increase in demand for specialty materials.
Asia-Pacific is expected to be the fastest-growing market due to rapid industrialization coupled with increasing investments in medical and automotive industry in emerging economies of China, India, South Korea and Singapore. Advancement in science & technology coupled with growing demand from numerous end-use industries in the region have led companies to intensify R&D in carbon nanomaterials which in turn is likely to have a positive impact on the market.
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Market Dynamics of the Global Nanomaterials Market:
Increasing range of applications
Huge investments in R&D in nanotechnology
Decrease in price of nanomaterials due to advanced production techniques
High processing cost
Stringent environmental regulations
The top six players have secured two-thirds of global nanomaterials market shipments; there exist good opportunities for new players to enter this growth market. The healthcare industry is expected to surpass the electronic and electric industry in size over the coming 2-3 years, driven by nanotechnology advancements in the biomedical field.
It is expected that nanomaterials will broaden their markets as they enter into more applications such as drug delivery, armor, defense equipment, weapons and nanomedicines.
The report elucidates the situation of nanomaterials around the world and studies its markets by end-user industry which include transportation, construction, packaging, consumer goods, electrical and electronics, energy, healthcare, aerospace & defence, water filtration, solar cells, sports equipment & materials and others; and by product type non-polymer organic nanomaterials, polymeric nanomaterials, metals, simple oxides, nanotubes, nanoclays, quantum dots, nanowires and non-classified nanomaterials.
The report studies the segmentation of the market by geography into North America, Europe, the Asia-Pacific (APAC) and Rest of the world (ROW); where-in the market share of each region is analyzed and estimates are provided for the next 5 years.
The key market participants include companies profiled in the nanomaterials market report includes:
CNano Technology Ltd.
Hollingsworth & Vose
Hyperion Catalysis International Inc.
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Key Deliverables in the Study:
Analysis for the global nanomaterials market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global nanomaterials market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
Key questions answered in the report
· What will the market size and the growth rate be in 2022?
· What are the key factors driving this report?
· What are the key market trends impacting the growth of this report?
· What are the challenges to market growth?
· Who are the key vendors in this market space?
· What are the market opportunities and threats faced by the vendors in this report?
· Trending factors influencing the market shares of the Americas, APAC, and EMEA?
· What are the key outcomes of the five forces analysis of this report?
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