Sep 22 2015
Global Nanomaterials market is currently valued at $3.4 billion in 2014 and is expected to reach $11.8 billion by 2020 showing a compound annual growth rate of 23.1%. North America will remain the market leading region for several years as it has significant ongoing R & D activities in nanomaterials.
North America was the largest market in 2014 followed by Europe owing to significant use of nanomaterials in medical and electronics industry in the region. Good growth of nanomaterials was witnessed in Asia region during last 5 years due to: Government support, continued environmental consciousness and Expected increase in demand for specialty materials.
Asia Pacific is expected to be the fastest growing market due to rapid industrialization coupled with increasing investments in medical and automotive industry in emerging economies of China, India, South Korea and Singapore. Advancement in science & technology coupled with growing demand from numerous end use industries in the region have led companies to intensify R&D in carbon nanomaterials which in turn is likely to have positive impact on market.
Top 6 players have secured two-thirds of global nanomaterials market shipments; high opportunity for new players to enter this growth market. The healthcare industry is expected to surpass the electronic and electric industry in size over the coming 2-3 years, driven by nanotechnology advancements in biomedical field. It is expected that nanomaterials will broaden their markets as they enter into more applications such as drug delivery, armor, defense equipment, weapons and nanomedicines.
Key market participants include companies profiled in the Nanomaterials market report include Arkema, Bayer AG, Showa Denko, DuPont, Ahlstrom, Hollingsworth & Vose, Kuraray, Finetex, Elmarco, Nanocyl SA, CNano Technology Ltd. and Hyperion Catalysis International Inc. among others.
Drivers
The main drivers for nanomaterials market are the ever increasing range of applications, for example by increasing use in health care and energy storage industry. There is constant government support with huge investments in R&D in nanotechnology. Also, decrease in price of nanomaterials is expected due to advanced production techniques which again drives the market.
Opportunities
Nanomaterials have great potential in electrical and electronics applications because of their extraordinary electrical conductivity. Energy segment is expected to pick up a nice pace in coming years at double digit growth rate.
What the report contains
The report elucidates the situation of Nanomaterials around the world and studies its markets by end-user industry which include Transportation, Construction, Packaging, Consumer Goods, Electrical and Electronics, Energy, Healthcare, Aerospace & Defence, Water Filtration, Solar cells, Sports equipment & materials and others; and by Product Type – Non-Polymer Organic Nanomaterials, Polymeric Nanomaterials, Metals, Simple Oxides, Nanotubes, Nanoclays, Quantum Dots, Nanowires and Non-Classified Nanomaterials.
Lastly, the report is divided by geography - North America, Europe, the Asia-Pacific (APAC) and Rest of the world (ROW); where-in the market share of each region is analyzed and estimates are provided for the next 5 years.
Download the full report: https://www.reportbuyer.com/product/3281911/
Source: http://www.reportbuyer.com