Sarasota, FL, Aug. 02, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Nanomaterials Market (Metal Oxide, Metals, Chemicals & Polymers and Others) for Construction, Chemical Products, Packaging, Consumer Goods, Electrical and Electronics, Energy, Health Care, Transportation and Other Applications: Global Market Perspective, Comprehensive Analysis and Forecast, 2016 – 2022 ”. According to the report, global nanomaterials market was valued at USD 7.3 billion in 2016 and is expected to reach USD 16.8 billion in 2022, growing at a CAGR of 15.5% between 2017 and 2022.
Nanomaterials are materials or chemical substances that are manufactured and consumed at a very small scale. These materials are developed to reveal novel characteristics as compared to the same material without nanoscale features, like chemical reactivity, high strength, conductivity etc. In other words, nanomaterial can be defined as “material with external dimension in nanoscale size that ranges from about 1-100 nm or having a surface structure or internal structure in the nanoscale.
Browse through 23 Market Tables and 29 Figures spread through 110 Pages and in-depth TOC on "Global Nanomaterials Market: By Industry Type, Application, Size, Share, Growth and Forecast 2016 – 2022”.
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Nanomaterials which are naturally occurring like volcanic ash, soot from forest fires etc., are physically and chemically heterogeneous, and are often known as ‘ultrafine particles’. Whereas, engineered nanomaterials are produced and designed with the specific physical and chemical properties for a particular purpose. Nanomaterials are widely used in products like batteries, coatings, anti-bacterial clothing etc.
Global nanomaterials market is segmented into type, application, and region. The type segmentation includes metal oxides, metals, chemicals & polymers, and others. Chemical and polymers segment was the leading application segment of the market owing to its wide applications in nanopharmaceuticals, liposomes as well as various other chemicals & polymers. Construction, chemical products, packaging, consumer goods, electrical & electronics, energy, health care, transportation and others are the application segments of the global nanomaterials market. Chemical products segment accounted for the largest market share of the nanomaterials market. Healthcare segment is anticipated to emerge as the fastest growing segment in the coming years.
Browse the full "Nanomaterials Market (Metal Oxide, Metals, Chemicals & Polymers, and Others) for Construction, Chemical Products, Packaging, Consumer Goods, Electrical and Electronics, Energy, Health Care, Transportation and Other Applications: Global Market Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022 " report at https://www.zionmarketresearch.com/report/nanomaterials-market
North America dominated the nanomaterials market in 2016. The regional growth is primarily driven by increasing demand from the packaging industry in North America. The U.S. represents the largest market for nanomaterials due to extensive application of nanotubes in various industries. Electrical & electronics, pharmaceutical, and chemical products are the major application segments of North America nanomaterials market. Furthermore, the North America nanomaterials market is expected to grow owing to the accelerating growth of the end-user industries including chemical products, consumer products, and electrical & electronics. Europe was one of the leading players in the global nanomaterials market accounting for a significant market share in 2016. The decrease in the price of nanomaterials due to increase in mass production has lead to the robust growth of nanomaterials market in the region. Europe nanomaterials market is expected to remain relatively stable over the forecast period due to increasing demand from the healthcare industry.
Asia Pacific nanomaterials market size is likely to experience the highest growth over the forecast period. The rapid increase in population in India and China has significantly propelled the growing construction industry. Thus, the growth rate in Asia Pacific region is expected to be comparatively higher. High growth in chemical products is expected to boost the Asia Pacific nanomaterials market in the near future. In addition, rising investments in research & development and increasing usage in end-user industries in developing countries like India and China are some of the factors augmenting the growth of the nanomaterials market. Asia-Pacific is the most attractive market for new entrants with industry players on account of the rising demand for nanomaterials in the region.
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Latin America is expected to be the future market for nanomaterials. Urbanization, changing consumer preferences and growth of consumer goods and chemical industry has led to an increase in demand for nanomaterials by manufacturers of these products. The Latin America nanomaterials market is expected to continue to witness moderate growth over the forecast period.
The Middle East and Africa is expected to hold large potential for nanomaterials in the future. The strong retail market and improving economic activities are expected to boost the growth of the nanomaterials market in the region. Saudi Arabia is expected to witness immense growth potential on account of growing healthcare industry over the forecast period.
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Some of the key players operating in the global nanomaterials market include BASF, Evonik Industries, Covestro, Altair Nanotechnologies Inc., EMFUTUR Technologies and SkySpring Nanomaterials among others.
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This report segments the global nanomaterials market as follows:
Nanomaterials Market: Type Analysis
- Metal Oxides
- Metals
- Chemicals & Polymers
- Others
Nanomaterials Market: Application Analysis
- Construction
- Chemical Products
- Packaging
- Consumer Goods
- Electrical and Electronics
- Energy
- Health Care
- Transportation
- Others
Nanomaterials Market: Region Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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