Global Nanometals Market-Segmented By Type, Application And Geography (2017 - 2022)
The global nanomaterials market is currently valued at USD 4.19 billion in 2015 and is expected to reach USD 11.8 billion by 2020 showing a compound annual growth rate of 23.1%. North America will remain the market leading region for several years as it has significant ongoing R&D activities in nanomaterials.
The nanometals have a higher surface area as the nanometals of size 10nm have 10% of their atoms on the surface where as the ones with the size of 2.5nm have 60% of their atoms on their surface. This property of having such a high percentage of atoms exposed on their surface gives the nanometals an advantage over their bulk materials. Some nanometals like silver, gold, titanium, platinum and iron are already in use. A large part of this market is occupied by nano-silver.
Aluminum nanoparticles are highly effective catalysts. They are also used in ceramics, water-resistant additives, coatings, drug deliveries, heat transfer fluids and biomaterials. The FPI innovation fund LP has invested EU 10 million in commercial production of the aluminum nanofiber. Since the production of nanomaterials is in its initial stages the competition is very less.
The silver nanoparticles are suitable for use in transistors, semiconductors and conductors. NanoMas Inc, US; a silver nanomaterial startup, has raised a funds of USD 3.2 million to expand its nanoparticle production and in R&D.
Market Dynamics of the Global Nanometals Market:
Growing potential of the biomedical market
Increasing aerospace orders and sensors market
Emergence of new markets
Huge investment in research and development of Nano-metals
Higher cost of production of nanomaterials
Increasing environmental concerns and stringent environmental regulations
Unknown health risks involved in the usage of nanomaterials.
A total of 180 products have been presented to the global market by 32 global productive organizations in 2015. China and the United States are the two leading commercial manufacturers of titanium based nanomaterials. The titanium nanomaterials are majorly used in aerospace. Their other applications are in optical fibers, micro sensors, coatings plastics, soaps, nanowires, anti-microbial & anti-fungal agents, and bandages.
The market is segmented by geography into North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years.
The major producers of nano-metals globally are:
Auto fiber Craft
EPRUI Nanomaterials and Nanospheres Co Ltd.
Reinste Nano Ventures
Key Deliverables in the Study
Analysis for the global nanomaterials market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global nanomaterials market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.