Global Non-polymeric Organic Nanomaterials Market - Segmented by Product Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The global non-polymeric organic nanomaterials market is expected to register significant growth during the forecast period of 2018-2023. This tremendous growth is expected to be supported by the growing applications of carbon nanomaterials in the electronics and optoelectronics industries.
Growing Applications of Carbon Nanomaterials in the Electronics & Optoelectronics Industries
The most promising applications of non-polymeric organic nanomaterials are in electronics and optoelectronics. Nanomaterials are employed in sensors, hard disk storage in computers, semiconductors, transistors, displays, flash memory chips for iPods, etc. These materials are also used in manufacturing batteries and capacitors that are smaller and lighter than traditional batteries. The expanding electronics industry in Asia-Pacific and North America, driven by the growing demand for new technological devices, is expected to bolster the demand for non-polymeric organic nanomaterials across the globe.
The Carbon Nanotubes Segment to Dominate the Market
As of 2017, the carbon nanotubes segment accounted for the largest share of the global non-polymeric organic nanomaterials market. The growth of the carbon nanotubes market is mainly driven by the development of synthesis methods, advancement in carbon nanotubes to enhance their properties, and increasing applications. Several major electronics companies manufacture television and computer displays, where carbon nanotubes are widely used. This further strengthens the position of carbon nanotubes segment in the global non-polymeric organic nanomaterials market.
North America to Steer the Market’s Growth
The United States is one of the largest markets for non-polymeric organic nanomaterials and accounts for the major share of the North American segment. The growing end-user industries, such as automotive, aerospace, healthcare, electronics, and energy industries in North America are continuously fueling the demand for the non-polymeric organic nanomaterials market. This trend is expected to escalate over the forecast period.
Key Developments in the Market
January 2018: MIT team developed electrodes made of carbon nanotubes (CNTs), which can significantly improve the performance of various devices, ranging from capacitors and batteries to water desalination systems.
March 2017: Cabot Corporation advanced graphenes for commercial production.
Major Players: Nanocyl SA, US Research Nanomaterials Inc., Hyperion Catalysis International, Arkema, Cabot Corporation, and Covestro AG amongst others.
Reasons to Purchase this Report
Identify the current and future prospects of the global non-polymeric organic nanomaterials market in the developed and emerging markets
Analyze various perspectives of the market, with the help of Porter’s five forces analysis.
Information of the segments that are expected to dominate the market.
Identify the regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
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