The growth of smart nanomaterials is associated with mushrooming traction along with government support in countries such as Russia, China, and the United States. The smart nanomaterials are used by end-users such as automotive, paints and coatings, pharmaceutical, electronic and medical fields. Smart nanomaterials are expected to play a crucial role in next-generation pharmaceutical technologies and devices.
According to MarkNtel Advisors’ research report “Global Smart Nanomaterials Market Analysis, 2020”, the Global Smart Nanomaterials market is anticipated to grow at a CAGR of around 34% during 2020-25. However, the lack of skilled professionals is the major factor for the smart nanomaterials market.
Metal-based smart nanomaterials comprise quantum dots, metals, and non-metal oxides which manifest great promise as an alternative to conventional conductive materials. Metal and non-metal oxides smart nanomaterials are the most widely used nanomaterials in various industries. Metal oxides are extensively used in the electronics and healthcare industries. Metal-based smart nanomaterials have greater flexibility as contrasted to common materials and thus, are used in a variety of applications such as imaging, optoelectronics, remediation of contaminated groundwater, etc.
Usage of Carbon Nanotubes in Carbon Based Segment is Augmenting the Growth of Smart Nanomaterials Market
The Carbon-based segment is showcasing a commendable growth and is expected to witness growth during 2020-25 due to the carbon-based smart nanomaterials such as graphene, carbon nanotubes (CNTs), and nanodiamonds (NDs) helpful in designing and fabricating Nano electrodes and substrates for cell growth. The metal-based segment is witnessing a propelled growth on account of the usage of nanomaterials in the fabrication of sensors, microcircuits and passivation coatings.
Asia-Pacific Region Growing at a Rapid Pace
North America remains at the forefront with the highest market share owing to the catalyzed Foreign Direct Investment (FDI) in the field of nanotechnology in Canada, Mexico, and the United States. The US has established about 1,000 roadmaps related to nanotechnology and nanomaterials’ production so far. An amount of around USD 422 million NNI was initiated by the US to promote R&D therefore, propelling the demand for smart nanomaterials in North America. Moreover, the Asia-Pacific region is expected to be the prominent region with rapid industrialization activities aiding to the greater demand of Smart material across various end-user industries as revealed by the MarkNtel Advisors’ research report “Global Smart Nanomaterials Market Analysis, 2020”.
Emergence of Smart Nanomaterials in End User Industries
Nanotechnology development is mainly stimulated by the growing demand for new materials, due to the depletion of raw materials, on the one hand, and to the intensive introduction of nanotechnology in the production of goods with primarily new properties, on the other hand. Due to nanomaterials, efficient solutions for a variety of tasks in such sectors as power engineering, healthcare, and food production can appear soon. Several new drugs, as well as means of their delivery to the affected organ, will be created based on nanomaterials. Nanomaterials would allow creating a new technology of rapid diagnostics of living organisms. However, smart nanomaterials are profoundly being used in medical devices, electronic goods, paints, and coatings, etc.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Smart Nanomaterials market include Abbott, AkzoNobel N.V, BASF SE, Bayer AG, Clariant, Nanogate, Donaldson Company, JM Material Technology, Inc, NanoBeauty, Nanologica, etc.
“Global Smart Nanomaterials Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Smart Nanomaterials providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
1. By End-User (Pharmaceuticals, Automotive, Construction, Opto electronics, Energy, Consumer Goods, Environmental, Others),
2. By Type (Carbon Based, Metal Based, Polymeric, Others)
3. By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, Italy, Spain, China, India, Japan, South Korea, Australia, UAE, Saudi Arabia),
4. By Company (Abbott, AkzoNobel N.V, BASF SE, Bayer AG, Clariant, Nanogate, Donaldson Company, JM Material Technology, Inc, NanoBeauty, Nanologica,)
Key questions answered in the study:
1. What are the current and future market trends of the Smart Nanomaterials industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Smart Nanomaterials industry?
5. What are the customer orientation, purchase behavior, and expectations from the Smart Nanomaterials firms across various regions?