The global nanomaterials market size was US$ 7.79 billion in 2021. The global nanomaterials market size is forecast to reach US$ 26.94 billion by 2030, growing at a compound annual growth rate (CAGR) of 14.8% during the forecast period from 2022 to 2030.

The term nanomaterial refers to materials at the nanometre scale with at least one dimension less than 100 nanometers. In addition, there are four basic types of nanomaterials: zero-dimensional nanomaterials, one-dimensional nanomaterials, two-dimensional nanomaterials, and three-dimensional nanomaterials. Nanoparticles are both amorphous and crystalline zero-dimensional nanomaterials, available in different shapes and forms. One-dimensional nanomaterials consist of nanotubes, nanorods, and nanowires. There are numerous properties of nanomaterials, such as strength, hardness, elasticity, electrical conductivity, antimicrobial properties, scratch resistance, and chemical resistance, which make them increasingly useful.

Factors Influencing Market Growth

• A variety of factors are driving the global market, including the physio-chemical properties of nanoparticles, increasing government funding, and the growing use of these materials in healthcare and automobiles, among others.
• The growing concern about the environmental impact, toxicity of engineered nanomaterials, prohibitive processing costs, and stringent regulations may slow down the overall industry in future years.
• Nanomedicine's increasing adoption in the pharmaceutical industry and developing applications in the electronics industry are driving the global nanomaterials market growth.
• The growing accessibility of different techniques and tools for synthesizing nanomaterials, such as covalent synthesis and self-assembly, is driving the growth of the industry. 

Impact Analysis of COVID-19

As a result of the outbreak of COVID-19, the market for nanomaterials decreased, resulting in a decrease in population purchasing power. As a result of the COVID-19 pandemic, the aerospace, automotive, and electronics sectors saw declining demand in 2020. COVID-19 outbreaks in the country have resulted in a drop in economic growth, as consumer spending has fallen and businesses have shut down. Due to the widespread of COVID-19, nearly all aspects of the supply chain were adversely affected.

Regional Insights

The Asia Pacific held the largest market share in 2021. The semiconductor manufacturing and product penetration in the region are likely to increase at the highest rate. With increasing supplies of micro-electronics and nano-electronics, the region is forecast to rise at a high CAGR. 

North America is forecast to grow at a high CAGR in the market during the forecast period. North America's economy is very diverse because of the existence of large developed and advanced economies, such as the United States and Canada. During the forecast period, the increasing demand for nanomaterials in the area is forecast driven primarily by ongoing investments in nanoparticle research & development to explore potential product applications in many different sectors.

Leading Competitors

The leading prominent companies profiled in the global nanomaterials market are:

• Ahlstrom Corporation
• Air Products and Chemicals, Incorporated
• Arkema group
• Cnano Technology Co. Limited
• Daikin Industries, Limited
• E. I. du Pont de Nemours and Company
• Fuso Chemical Co., Limited
• Nanoco Technologies Limited
• Nanocyl SA
• NanoIntegris Incorporated
• Nanophase Technologies Corporation
• Nanosys Incorporated
• TDA Research, Incorporated
• Umicore
• Other Prominent Players

Scope of the Report

The global nanomaterials market segmentation focuses on Product, Application, and Region.

Segmentation based on Product

• Aluminum oxide nanoparticles
• Antimony tin oxide nanoparticles
• Bismuth oxide nanoparticles
• Carbon nanotubes
• Cerium oxide nanoparticles
• Copper oxide nanoparticles
• Titanium dioxide nanoparticles
• Fullerene
• Graphene
• Silicon Dioxide
• Others

Segmentation based on Application

• Aerospace
• Automotive
• Medical
• Energy & Power
• Electronics
• Paints & Coatings
• Others

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America