Global Nanomaterials Market - Industry Insights
By Growth, Emerging Trends And Forecast By 2025

Global Market Insights, Inc
present the report on global Nanomaterials
Market evaluates the growth trends of the industry through historical study
and estimates future prospects based on comprehensive research. The report
extensively provides the market share, growth, trends and forecasts for the
period 2019-2025.

Nanomaterials market size is
expected to witness noteworthy growth over the forecast period owing to ongoing
technological development. In addition, increasing availability of several
methods such as green synthesis and tools to synthesize nanomaterials are
driving nanomaterials market growth.

Aerospace sector is expected
to witness significant growth over the forecast period as nanomaterials market
creates new business opportunity for automotive as it makes parts stronger, tougher,
and long lasting. It is revealed in the study that use of this product
increases the fatigue life by 200 to 300%.

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The nanomaterials market is
segmented based on applications into electrical & electronics, chemical
products, health care, aerospace, pharmaceuticals, and polymer and composites.
Chemical product segment holds major share while pharmaceuticals, and polymer
& composites are expected to witness significant growth in coming years. In
the cheamical products, aerogels, so-gels, and inorganic oxide materials find major
application owing to catalytic and high surface area with high absorption
properties.

Based on type of materials,
market is divided into metal & metal oxides (silica, zinc oxide, aluminium
oxide/hydroxide, iron oxide, titanium dioxide and others), chemicals &
polymers (liposomes, nanopharmaceuticals, other chemicals), carbon based,
nanoclay, dendrimers, metal based, nanocellulos, and other materials. Metal and
metal oxides account for a major share owing to increasing application in
fabrication of sensors, micro circuits and passivation coatings. Carbon based
nanomaterials market projected to hold noteworthy share due to thermal &
electrical conductivity, optical and high mechanical strength properties.

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North America led by U.S., is
potential nanomaterials market with rising product application in major
segments in electrical & electronics, chemical products, and
pharmaceuticals. U.S. dominate the overall market owing to large application of
nanotubes in various fields like energy storage, molecular electronics. In
2017, the federal budget has allocated funds to National Nanotechnology
Institute, a U.S. Government Research & Development initiative which has
boosted the nanomaterials market.

Europe market growth is driven
by mass production of the nanomaterials that has in turn led to fall in the
price. Asia-Pacific is the most lucrative nanomaterials market for the new
entrant’s due to the constant support from government funding’s and increasing
demand for speciality materials, rising environmental consciousness.

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The nanomaterials market is
consolidated with major players being BASF, Ahlstrom, Bayer, Evonik Industries,
DuPont, Fuso Chemicals, Southern Clay Products, EMFUTUR Technologies, Altair
Nanotechnologies. The key players to gain major share of nanomaterials market,
adopt strategies such as partnerships, mergers & acquisitions, business
expansion, and product & application development. In order to gain
competitive share and maximize the benefit, BASF is planning to spend more than
one quarter of their capital expenditures in lucrative regions having above
average growth.

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