According to the latest report by Emergen Research, the Smart Nanomaterials Market size is expected to be USD 8.91 billion by 2027, registering a CAGR of 67.2% through the forecast period. Significant developments in the field of nanotechnology and increasing application areas and industries for this technology are major factors driving rapid acceptance and the demand for smart nanomaterials. Increased acceptance and use of nanomaterials across industries, in particular, the pharmaceutical and healthcare industries, is propelling the growth of the industry, leading to the production and launch of new and more effective products, more advanced disease diagnostic materials, and further research and development of more advanced nanomaterials. Moreover, growing government support and funding for R&D in different countries and the implementation of more effective nanomaterials and innovations are expected to increase the size of the market and the pace of revenue growth over the forecast period.
In the field of scientific research and unique potential and application in the field of medical and electronics used in the pharmaceutical and healthcare industries, the emergence of and further developments in smart nanomaterials have opened up vast space. Smart nanomaterials are expected to remain a major component across a number of industries and play a significant role in pharmaceutical devices in the next decade.
In the global smart nanomaterials industry, the carbon-based nanomaterials segment currently accounts for a substantially high revenue share, which is expected to continue to grow rapidly. Increased use of carbon-based intelligent nanomaterials, such as graphene, nano-diamonds, and carbon nanotubes, in the design and development of nanoelectrodes was responsible for this projected high revenue growth. The metal-based nanomaterials sub-segment is growing steadily due to the increased use of nanomaterials in micro-coating and passivation coating manufacturing.
Key findings from Report:
- In April 2020, Promethean Particles announced the commencement of research to study the anti-viral effects of its exclusive copper nanoparticles for use in the healthcare sector in fabrics and PPE.
- Daimler AG acquired a minority interest in Sila Nanotechnologies in April 2019. This investment has enabled the investor to expand its research for next-generation lithium-ion battery production.
- In December 2020, a research group led by Assistant Prof. Chen Po-Yen from the National University of Singapore initiated a research and development project to enhance the safety and accuracy of industrial robotic arms by creating a new collection of nanomaterial strain sensors that are 10 times more sensitive compared to existing nanotechnology systems when measuring minute movements.
- In 2019, North America accounted for the highest revenue share of 32.4% in the market for smart nanomaterials, with the U.S. and Canada being the largest revenue contributors to the region’s market growth.
- Key players operating in the market are Abbott Laboratories, Advanced Nano Products Company Ltd., Akzo Nobel, BASF AG, Bayer AG, Altair Nanotechnologies Inc., Almatis GmbH, Quantum Dot Corp., JM Material Technology, Inc., and Yosemite Technologies Co., Ltd.
For the purpose of this report, Emergen Research has segmented the global smart nanomaterials market based on type, application, end-user, and region:
- Type Outlook (Revenue: USD Billion; 2017–2027)
- Application Outlook (Revenue: USD Billion; 2017–2027)
- Display Technology
- Drug Delivery
- Coating and nanofilms
- Monitoring and Biosensing
- Water Treatment
- End-Use Outlook (Revenue: USD Billion; 2017–2027)
- Regional Outlook (Revenue: USD Billion; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
- North America
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