Portland, OR, Sept. 19, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global nanomaterials market was estimated at $16.3 billion in 2021 and is expected to hit $62.8 billion by 2031, registering a CAGR of 14.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $16.3 Billion |
| Market Size in 2031 | $62.8 Billion |
| CAGR | 14.6% |
| No. of Pages in Report | 340 |
| Segments Covered | Material Type, End-user Industry, and Region. |
| Drivers | Extensive use of carbon nanomaterials in pharmaceuticals for sensitive detection of important biological molecules |
| Opportunities | Rise in R&D activities |
| Restraints | Potential hazards to health & environment and lack of knowledge about nanostructure |
Covid-19 Scenario-
- The import & export restrictions imposed by governments gave way to difficulties in procuring raw materials, which caused delays in shipments to customers. These factors impacted the global nanomaterials market negatively, especially during the initial period.
- On the other hand, a number of R&D organizations were creating fresh potential uses for nanomaterials in the detection, prevention, and treatment of Covid-19 and other viral infections due to which the demand for nanomaterials witnessed an incline.
The global nanomaterials market is analyzed across Material Type, End-user Industry, and Region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on material type, the metal segment contributed to more than four-fifths of the global nanomaterials market revenue in 2021, and is expected to dominate by 2031. At the same time, the dendrimers segment would showcase the fastest CAGR of 16.29% throughout the forecast period. The other segments assessed in the study include carbon-based nanomaterials, metal and non-metal oxides, nanoclay, and nanocellulose.
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Based on end use industry, the paints & coatings segment garnered more than one-fifth of the total market revenue in 2021, and is expected to dominate by 2031. The personal care segment, simultaneously, would manifest the fastest CAGR of 15.41% throughout the forecast period. The other segments analyzed in the report take in adhesives & sealants, healthcare & life science, energy, and electronics & consumer goods.
Based on region, the market across Asia-Pacific generated nearly two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The same region would also manifest the fastest CAGR of 14.75% during the forecast period. The other regions studied in the report include North America, LAMEA, and Europe.
The key market players analyzed in the global nanomaterials market report include Inframat Advanced Materials, LLC, EverZinc, Griller-Werke AG, Pan-Continental Chemical Co., Ltd., BASF SE, Nanophase Technologies Corporation, Sakai Chemical Industry Co., Ltd., Showa Denko Materials CO., LTD., Lanxess Corporation, and Umicore N.V. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
