The nanotools market was valued at US$8.258 billion in 2018 and is expected to grow at a CAGR of 11.97% over the forecast period to reach a total market size of US$16.276 billion in 2024. Nanotechnology is manipulation of matter on an atomic, and molecular scale. Nanotools are devices and equipment used in nanometrology. The demand for nanotools is increasing with the increasing applications of nanotechnology in various industries. Increasing demand for energy-efficient and highly innovative tools and equipment is likely to fuel growth in the nanotools market. Less energy requirement, less space, the short reaction time of nanotools compared to conventional tools is boosting its market. Its energy-efficient benefit is also increasing its demand. Nanotools applications are penetrating in several industries such as electronics and semiconductor industry, renewable energy, mining, metallurgy, healthcare, biotechnology, industrial sector, and military. It can also help in the treatment of infectious disease. Emerging demand for nanotools in the medical sector is expected to uplift its market. Geographically, North America and Europe region are expected to have a significant market share. The market of the Asia Pacific region is also expected to grow owing to the established manufacturing sector, technological advancements, and favorable government policies.
Governments of many countries are investing in R&D of nanotechnology especially nanotools due to its several applications.
The Nanotools Market – Forecasts from 2019 to 2024 is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, end-users, and geography.
The Nanotools market on segmented based on type, end-users, and geography. Based on type the market has been segmented into monoclonal antibodies, cell lysates, blocking peptides, and buffers and reagents. By end-user, the market can be segmented into electronics and semiconductor, renewable energy, mining, metallurgy, healthcare, biotechnology, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the nanotools market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the nanotools market.