Global Nanoceramic Powder Market to Reach US$ 19.9 Billion by 2028, Facilitated by Escalating Demand for Stretchable Electronics

July 04, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled "Nanoceramic Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global nanoceramic powder market size reached US$ 7.46 Billion in 2022. Nanoceramic powder is a type of fine and abrasion-resistant powder made using various ceramic materials, including oxides, carbides, nitrides, hydroxides, carbonates, and sulfates. It undergoes freeze drying, sol-gel, and ball milling method, wherein powder particles are crushed and converted into nano-sized particles via several mechanical attritions. It is highly distinguished from traditional ceramics due to its nano size and widely used for construction purposes. It is also utilized for creating stretchable electronics that contain conductive materials with the ability to withstand repeated stretching and bending without hampering their electrical properties.

Global Nanoceramic Powder Market Trends:

At present, the rising demand for energy storage solutions to store renewable energy produced by solar radiation and wind represents one of the key factors propelling the growth of the market. Besides this, the rising utilization of nanoceramic powder coatings in the aerospace industry to provide protection to aircraft components from harsh environmental conditions is contributing to the growth of the market. In addition, the growing adoption of nanoceramic powder in biomedical applications, such as implant coating, diagnostic imaging, drug delivery, and biosensors, is offering a favorable market outlook. Apart from this, the increasing employment of nanoceramic powder in tissue engineering to create scaffolds that mimic the properties and characteristics of natural tissues to support the growth of cells and facilitate tissue regeneration is supporting the growth of the market. Looking forward, the market value is projected to reach US$ 19.9 Billion by 2028, expanding at a CAGR of 17.3% during 2023-2028.

Market Summary:

On the basis of the type, the market has been segmented into oxide, carbide, nitride, boron, and other powders. Presently, oxide powders account for the total market share.
Based on the end use industry, the market has been segregated into electrical and electronics, industrial, transportation, medical, chemical, defense, and others. At present, electrical and electronics hold the biggest share in the market.
Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include ABM Nano LLC, Cerion LLC, Inframat Advanced Materials LLC (Inframat Corporation), Nanophase Technologies Corporation, NYACOL Nano Technologies Inc., and Reade International Corp.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Types Covered	Oxide Powders, Carbide Powders, Nitride Powders, Boron Powders, Others
End Use Industries Covered	Hospitals and Clinics, Ambulatory Surgery Centers, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	ABM Nano LLC, Cerion LLC, Inframat Advanced Materials LLC (Inframat Corporation), Nanophase Technologies Corporation, NYACOL Nano Technologies Inc., Reade International Corp., etc.
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Global Nanoceramic Powder Market to Reach US$ 19.9 Billion by 2028, Facilitated by Escalating Demand for Stretchable Electronics

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