The science of nanomaterials has created a lot of expectation amongst various end user industries. With the increasing applications of nanomaterials, the demand for it is increasing at an increasing rate and is becoming a part of daily lives. Nanomaterials are important product under the nanotechnology. They embrace nanoparticles, smaller than 100 nanometres in at least one dimension. Nanomaterials are widely used in healthcare, electronics, cosmetics and other areas nowadays. Continuous improvement and innovation in the field is driving the growth of the global nanomaterials market.
The extraordinary physical and chemicals properties of materials at the nanometre scale enable novel applications ranging from energy conservation and structural strength enhancement to antimicrobial properties and self-cleaning surfaces. The nanotechnology is being increasingly modernised by expending largely on R&D activities which is resulting in the advancement of existing technologies and innovations with reference to the new materials.
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Energy storage and construction market is providing a huge growth potential to these materials and driving the overall market for nanomaterials. The increasing electronics market is also providing opportunities to the global nanomaterials market due to the falling prices and improving materials property and efficiency.
NanomaterialsMarket: Drivers & Restraints
The market penetration of the already existing materials and ongoing development of new materials and applications is driving the global nanomaterials market. The unabated market for nanomaterials is being strongly supported by the governmental funding to support the potential growth. The increasing availability of several methods in the field of nanotechnology and new novel methods for fabricating the patterned nanostructures is offering opportunity for better modeling. Some of the other drivers for the growth of global nanomaterials market is partnerships & strategic alliances, increasing number of market players and newer material developments. One of the major factor restraining the growth of global nanomaterials market implies to the growing concerns over environmental impact and toxicity of nanomaterials.
On the basis of material type, the global nanomaterials market is segmented as follows:
- Metal Oxide (Silica, Aluminium Oxide/Hydroxide, Titanium Dioxide, Zinc Oxide, Iron Oxide, Other Metal Oxides)
- Chemicals and Polymers (Nanopharmaceuticals, Liposomes, Other Chemicals & Polymers)
- Others (Conventional Materials and New Materials)
On the basis of applications the global nanomaterials market is segmented as follows:
- Consumer Goods
- Electrical and Electronics
- Health Care
Nanomaterials Market: Region-wise Outlook
The global nanomaterials market is expected to register a favourable growth for the forecast period, 2015?2025. North America and Europe are the two prominent regions that are projected to endure the control on the global nanomaterials market. Decreasing prices due to the increasing mass production is responsible for the robust growth of the above mentioned markets. The demand for nanomaterials is also surging across Asian regions. The Asia-Pacific region is projected to witness remarkable growth rate owning to the greater demand of nanomaterials in the developing regions like India and China and their continuous research and developmental activities.
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Nanomaterials: Key Players
There are a lot of players in the nanomaterials industry of which some of the key market participants in global nanomaterials market are BASF, EMFUTUR Technologies, Evonik Industries, Sigma-Aldrich Co. LLC, Bayer AG, SkySpring Nanomaterials, Altair Nanotechnologies Inc., and Nanomaterials Company and others.