Global Nanomaterials Market worth USD 58.37 Billion by 2024

Global Nanomaterials Market worth USD 58.37 Billion by 2024

Pune, India, April 05, 2019 -- /360iResearch/ -- The report "Global Nanomaterials Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 16.85 billion in 2017 and is projected to reach USD 58.37 billion by 2024, growing at a CAGR of 19.42% from 2017 to 2024.

The major forces driving the growth of the nanomaterials market include the growing support of the government institutions for nanomaterials to serve the potential and partnerships & strategic alliances and increased expending in r&d. Moreover, decrease in price of nanomaterials and improved material properties increasing applications in automotive and aviation sector growing usage of nanomedicines in the healthcare industry and increasing usage of nanomaterials in water treatment applications are also some of the factors that are driving the market growth. However certain factors such as the high capital cost coupled with the stringent requirement in the framework of the government regulations may hinder the market growth. In the middle of difficulty lies opportunity such as the applications of carbon nanomaterials, applications of nanomaterials in electrical and electronic industry, and advancement in the production process and potential for end-use industries. The possible challenges for the market growth is growing concerns over human health and environment due to the presence of toxic solvents. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on material type, the global nanomaterials market is studied across Carbon Based Nanomaterials, Dendrimers Nanomaterials, Metal & Non-Metal Oxides, Metal Based Nanomaterials, Nanocellulose, and Nanoclay. Based on product, the global nanomaterials market is studied across Nanoclays, Nanofibers, Nanoparticles, Nanotubes, and Nanowires. Based on end user, the global nanomaterials market is studied across Adhesives & Sealants, Electronics & Consumer Goods, Energy, Healthcare & Life Sciences, Paint & Coatings, and Personal Care. Based on geography, the global nanomaterials market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the nanomaterials market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Ahlstrom, Air Products & Chemicals, Arkema, BASF SE, Bayer AG, CNANO Technologies Ltd., Chasm Technologies Ltd., Elmarco, Finetex ENE, Glonatech SA, Kuraray, Nanocyl SA, Nanophase, Nanoviricides, Showa Denko, Sumitomo, and Zyvex Technologies.

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