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
Infrastructure nationalisation
What would the nationalisation of economic infrastructure mean for GB?
A new guide to improving value by reducing design error.
We've reached 80,000 page views a day and 10,000 registered users. Why not join them?
A masterplan is a framework within which a location is encouraged to develop or change. Read our introductory article.
New consultation announced on a specialist Housing Court to settle landlord-tenant disputes.
Inclusive cities and transport
ICE responds to a transport consultation advising the government to make decisions enabling more inclusive cities.
BRE and Loughborough University complete first phase refurbishment of demonstration home.
How the risk of collapse of fibrous plaster ceilings is being addressed in theatres.
We’re looking for a full-time Editor
If you’re a great writer and have practical experience of the construction industry, it could be you.
Frustrated by long documents or technical jargon? Put off by sign-up forms or costs? Take this 5 min survey to help improve construction knowledge.
These are attached to land that is the subject of a planning permission, and used to compensate for negative impacts.