Nanomaterials market
Nanomaterial are defined as materials with external dimension in nanoscale size that range from about 1-100 nm, or having a surface structure or internal structure in the nanoscale.
Nanomaterials which are naturally occurring, such as volcanic ash, soot from forest fires etc., are physically and chemically heterogeneous, and are often known as ‘ultrafine particles’. Engineered nanomaterials are produced and designed to have specific physical and chemical properties for a particular purpose. Nanomaterials are widely used in products like batteries, coatings, anti-bacterial clothing etc.
The global nanomaterials market was valued at USD 7.3 billion in 2016 and is expected to reach USD 16.8 billion in 2022, growing at a CAGR of 15.5%.
The global nanomaterials market is segmented into type, application, and region.
The type segmentation includes; metal oxides, metals, chemicals and polymers, and others. The chemical and polymers segment is the main application segment due to its wide applications in nanopharmaceuticals, liposomes as well as various other chemicals and polymers.
The application segments include; construction, chemical products, packaging, consumer goods, electrical and electronics, energy, healthcare, transportation and others. The chemical products segment accounts for the largest market share. The healthcare segment is anticipated to emerge as the fastest growing in coming years.
Globally, the nanomaterials market is segmented as; North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America was the dominant region in 2016 and is likely to retain a high CAGR over the forecast period due to the extensive use of nanotubes in industries such as; electronics, chemical products and pharmaceuticals. Europe has a significant market share. The Asia Pacific is expected to be the fastest growing region due to the demand from emerging countries such as India and China.
Some of the key players operating in the global nanomaterials market include; BASF, Evonik Industries, Covestro, Altair Nanotechnologies Inc., EMFUTUR Technologies and SkySpring Nanomaterials among others.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Which room is the most fun to design? Find out the 'Grand Designs' presenter's unusual choice in our interview.
Full suite of speakers are announced for this year's BSRIA Briefing event.
Book your place for the Architectural Technology Awards 2018.
There are many ways of classifying types of building. Have a look at our range of building articles.
BSRIA have launched the 'major update' of the go-to design framework guide for building services.
How to get results with building life cycle assessment.
Government publishes a prospectus inviting proposals for new 'garden communities'.
The Morandi motorway bridge in Genoa collapses during rainstorm while undergoing maintenance works.
'Developed design' is a phrase coined by the RIBA for their 2013 Plan of Work. But what does it actually mean?
New green paper published aiming to rebalance the relationship between landlords and residents and tackle stigma.
RIBA calls for a comprehensive ban on combustible materials.