Global Nanomaterials Market Share to Reach Approximately USD 16.8 Billion in 2022

Sarasota, FL -- (SBWire) -- 11/08/2018 --With the presence of a large pool of participants, the global nanomaterials market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). BASF SE, Evonik Industries, Covestro, and Altair Nanotechnologies Incorporation are some of the key vendors of nanomaterials across the world. These players across nanomaterials market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the nanomaterials market study.

In a major event that can impact the growth of nanomaterials market, on October 27th 2017, Organization for Economic Co-operation and Development (OECD) has published procedures designed specifically to measure the ecological impacts as well as toxicity of nanoparticles.

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In yet another breakthrough that can prove a boon for the nanomaterials market, in August 2018, scientists at Institute of Biotechnology and Biomedicine in Barcelona created four peptides molecules, tiny than proteins and having the ability of self-assembling in a most controlled way, to form nanomaterials.

As estimated in this report, the global nanomaterials market stood at US$ 7.3 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this nanomaterials market is expected to reach US$ 16.8 billion by the end of the forecast period. The main types available in this nanomaterials market are chemicals & polymers, metal oxide, and metals. Among the three, the demand for chemicals & polymers is relatively higher and the trend is anticipated to remain so over the next few years, notes the nanomaterials market research report.

Extensive Demand In Consumer Electronics Sector To Leverage Market Revenue

"Escalating usage of the product in healthcare devices, transport, packaging, construction activities, and electrical & electronics appliances will stimulate the growth of nanomaterials market in the years to come," says the author of this study. Apart from this, thriving consumer goods, chemicals, and energy industries have further contributed towards the expansion of nanomaterials market. Furthermore, wide application of the product across batteries, coatings, and anti-bacterial clothings will generate greater demand for nanomaterials market within the next few years.

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Wide Product Applications In Myriad Sectors To Aid North American Dominance

Regionally, North America has been leading the worldwide nanomaterials market and is anticipated to continue on the dominant position in the years to come, states the nanomaterials market study. The extensive usage of nanotubes in various industries like electronics, chemical products, and pharmaceuticals in the countries such as the U.S. is the main factor behind the dominance of the North America nanomaterials market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional nanomaterials market.

The global nanomaterials market is segmented as follows:

By Type

Metal Oxides
Metals
Chemicals & Polymers
Others
By Application

Construction
Chemical Products
Packaging
Consumer Goods
Electrical and Electronics
Energy
Health Care
Transportation
Others

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By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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