Global Nanotechnology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nanotechnology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Nanotechnology is science, engineering, and technology conducted at the nanoscale, which is about 1 to 100 nanometers. Nanoscience and nanotechnology are the study and application of extremely small things and can be used across all the other science fields, such as chemistry, biology, physics, materials science, and engineering.

Market Overview:

The latest research study on the global Nanotechnology market finds that the global Nanotechnology market reached a value of USD 114068.84 million in 2022. It’s expected that the market will achieve USD 363429.21 million by 2028, exhibiting a CAGR of 21.3% during the forecast period.

Nanotechnology leads the development of new materials.

Driven by strong demand in the fields of construction, transportation, energy and environment, the scale of nanomaterials market continues to grow. For example, nanocrystalline metal soft magnetic functional materials are widely used in the emerging electronics industry, automatic control, precision measurement, etc.; nano ceramics can be used in the manufacture of engine and automotive and other key engine parts, is an ideal material; in textile and The addition of nanoparticles to chemical fiber products can play the role of deodorization sterilization and static elimination. Nano-powder can effectively purify wastewater in the field of environmental protection. The new air filter effect of nanofiber materials developed by the National University of Singapore is two times of the traditional filters.

Environmental, health, and safety risks

Questions about environmental, health, and safety implications of nanotechnology are challenge the market. Such as, anecdotal evidence of companies avoiding “nano” in their product descriptions and shelving their nanotechnology development efforts; lack of a government developed, integrated risk research framework; public perception that nanotechnologies are unsafe; lack of standards for each aspect of new nanotechnologies, e.g., research, production, products, and waste disposal; lack of a centralized government audit system.

Technological advancements in nanotechnology.

Growing availability of numerous tools and methods including self-assembly techniques, covalent synthesis, and processing used to synthesize nanomaterials are also anticipated to drive the nanotechnology and nanomaterials market extensively over the coming years. New methods used for manufacturing patterned nanostructures offer new avenues for the nanotechnology and nanomaterials market for superior computer modeling and simulation. These will create opportunities for the market.

Region Overview:

In 2022, the share of the Nanotechnology market in North America stood at 35.16%.

Company Overview:

DuPont is one of the major players operating in the Nanotechnology market, holding a share of 2.66% in 2023.

DuPont

DuPont de Nemours, Inc. provides technology-based materials, ingredients, and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company’s Electronics & Imaging segment supplies materials to manufacture photovoltaics and solar cells; materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

Showa Denko K.K.

Showa Denko K.K. operates as a chemical company in Japan and internationally. It operates through six segments: Petrochemicals, Chemicals, Electronics, Inorganics, Aluminum, and Others. The Petrochemicals segment offers olefins, including ethylene, propylene, C4 fraction, cracked fuel oils, etc.; and organic chemicals comprising vinyl acetate monomer, vinyl and ethyl acetate, allyl alcohol, acetaldehyde, acetic acid, and allyl ester resins, as well as polypropylene.

Segmentation Overview:

Among different product types, Nanomaterials segment is anticipated to contribute the largest market share in 2028.

Nanomaterials

Nanomaterials include nanoparticles, nanotubes, nanostructured materials, and nanocomposites.

Nanotools

Nanotools include nanolithography tools and scanning probe microscopes.

Nanodevices

Nanodevices are nanoparticles that are created for the purpose of interacting with cells and tissues and carrying out very specific tasks.

Application Overview:

By application, the Energy segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Nanotechnology market covered in Chapter 3:

Sakai Chemical
DuPont
Clariant
Nanophase Technologies
Mitsubishi Chemical
Hitachi
Kumho Petrochemical
Thomas Swan
Oxford Nanopore Technologies
Arkema
Shenzhen Dynanonic
3M
Showa Denko
Nanometrics Incorporated
Evonik
Toray
Ocsial
Applied Materials
Unitika
Cnano Technology
Minerals Technologies
BASF

In Chapter 4 and Chapter 14.2, on the basis of types, the Nanotechnology market from 2018 to 2029 is primarily split into:

Nanomaterials
Nanotools
Nanodevices

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nanotechnology market from 2018 to 2029 covers:

Biomedical
Electronics
Energy
Environmental
Manufacturing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)