Category

Nanomaterials Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Nanoscale Thin Films, Solid Nanoparticles, Nanostructured Monolithic, Nanocomposites, Nanotubes And Other Hollow Nanoparticles), By Industry Vertical (Packaging, Energy, Construction, Consumer Electronics, Healthcare, Others), And By Geography - Forecasts From 2019 To 2024

Published: May 2021 | Report Code:  KSI061610439 | Pages:  108

The nanomaterials market is expected to grow at a compound annual growth rate of 14.89% during the forecast period to reach the market size from US$42.323 billion in 2018 to US$97.334 billion by 2024. The growing consumer electronics market coupled with the emerging trend of miniaturization of electrical components is one of the major factors which is driving the demand for nanomaterials. Furthermore, supportive government initiatives and high investment in R&D activities are also propelling the growth of this market across the globe. Other drivers include an increasing number of market players, declining prices of nanomaterials, and the development of newer materials.

North America is anticipated to hold the largest share of the global nanomaterials market owing to the high application use of nanotubes in various end-use industries and mass production of nanomaterials in the region leading to falling prices of nanomaterials. APAC region is projected to witness the fastest regional market growth during the forecast period owing to increased government funding, rapid industrialization, and increasing demand for consumer electronics such as smartphones and tablets in the region. The growth of the global nanomaterials market will be hindered by different factors such as high processing costs and stringent environmental regulations during the forecast period.

Research Methodology

The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.

Market Dynamics

The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth, and a brief technological aspect of nanomaterials. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Nanomaterials Market Scope:

Report Metric Details
 Market size value in 2018  US$42.323 billion
 Market size value in 2024  US$97.334 billion
 Growth Rate  CAGR of 14.89% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Industry Vertical, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  BASF SE, Arkema, SkySpring Nanomaterials Inc., Evonik Industries AG, FTENE
 Customization scope  Free report customization with purchase

Segmentation

The nanomaterials market has been analyzed through the following segments:

  • By Type
    • Nanoscale Thin Films
    • Solid Nanoparticles
    • Nanostructured Monolithic
    • Nanocomposites
    • Nanotubes and Other Hollow Nanoparticles
  • By Industry Vertical
    • Packaging
    • Energy
    • Construction
    • Consumer Electronics
    • Healthcare
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • Australia
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the nanomaterials market size by 2024?
A1. The nanomaterials market is expected to reach a total market size of US$97.334 billion by 2024.
 
Q2. What is the size of the global nanomaterials market?
A2. Nanomaterials market was valued at US$42.323 billion in 2018. 
 
Q3. What are the growth prospects for the nanomaterials market?
A3. The global nanomaterials market is expected to grow at a CAGR of 14.89% during the forecast period.
 
Q4. What factors are anticipated to drive the nanomaterials market growth?
A4. The growing consumer electronics market coupled with the emerging trend of miniaturization of electrical components is one of the major factors which is driving the demand for nanomaterials.
 
Q5. Which region holds the largest market share in the nanomaterials market?
A5. North America is anticipated to hold the largest share of nanomaterials market owing to the high application use of nanotubes in various end-use industries and the mass production of nanomaterials in the region leading to falling prices of nanomaterials.

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