Global Nanomaterials Market Expected to Reach US$ 38.17 Bn by 2029

The latest market report published by Brisk Insights “Nanomaterials Market: Growth, Future Prospects, and Competitive Analysis, 2021 - 2029” the Nanomaterials market was valued at US$ 10.34 Bn in 2020 and expected to reach US$ 38.17 Bn by 2029 at a CAGR of 17.8% throughout the forecast period from 2021 to 2029.

Market Insights

"Increasing advancements in nanotechnology will spur revenue growth during the forecast period"

Increasing demand for high strength durable structural materials coupled with falling prices of nanomaterials across the globe are factors proliferating the demand o nanomaterials market. Apart from this, nanomaterials can be customized with various modulation dimensionalities. The increasing usage of nanomaterials in the healthcare industry especially nanocrystalline API and use of nanocomposites to produce advanced medical devices among others are further enhancing the growth of nanomaterials market across the globe. Furthermore, increasing usage of nanomaterials in automotive and aerospace & defense industry due to the benefits offered by nanomaterials including durability and strength are having a positive influence on the market growth.

Additionally, nanomaterials can be derived from three sources engineered, incidental and natural. The increasing availability of methods to synthesize nanomaterials such as self-assembly and covalent synthesis among others are further boosting the nanomaterials market growth. The energy & construction sector in particular is expected to see highest growth due to increasing penetration of nanomaterials in these sectors. As the prices of nanomaterials are declining various end-users are adopting it due to its physio-chemical properties.

Industrial Developments

• In October 2021, Cabot Corporation announced extension of its advanced product portfolio with new product launch of Athlos Carbon nanostructures for engineered polymers.

Key Market Movements

• Globally, the nanomaterials market is expanding at a CAGR of 17.8% in terms of revenue for the period of 2021 to 2029. In 2018, the market accounted for US$ 7.63 Bn and is expected to reach US$ 28.15 Bn by 2029.
• Based on application, the market is classified into industrial & manufacturing, automotive, aerospace & defense, healthcare, energy, paints & coatings, electronics & consumer goods, others (personal care). Aerospace & defense segment leads the market in terms of revenue and is anticipated to dominate during the years to come. This can be attributed to increasing usage of nanomaterials to make aerospace parts stronger, and durable among others. According to recent reports nanomaterials increase fatigue by 200-300%
• North America region appeared as the market leader of nanomaterials market accounting for a share of more than 30%. This can be attributed to rising application of nanotechnology products and use of nanomaterials for product designing.

List of Companies Covered:

• Ahlstrom
• BASF SE
• Bayer AG
• Chasm Technologies Ltd.
• CNANO Technologies Ltd.
• Cabot Corporation
• Elmarco
• Finetex ENE
• Glonatech SA
• Kuraray
• Nanocyl SA
• Nanoviricides
• Sumitomo
• Showa Denko
• Zyvex Technologies.

Browse Full Report At https://www.briskinsights.com/report/nanomaterials-market

The Global Nanomaterials Market is Segmented into:

*Complete segmentation list is on report page