Global Nanomaterials Market to Reach US$ 120.6 Billion by 2032, Impelled by Increasing Product Demand in the Construction Sector

November 28, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled "Nanomaterials Market Report by Product Type (Nanoparticles, Nanofibers, Nanotubes, and Others), Structure Type (Non-polymer Organic Nanomaterials, Polymeric Nanomaterials), End Use Industry (Healthcare, Electrical and Electronics, Energy, Construction, Rubber, Personal Care, and Others), and Region 2024-2032," the global nanomaterials market reached a value of US$ 31.7 Billion in 2023. Nanomaterials are materials with microscopic particles wherein a single unit is between 1 and 100 nm in size. They possess unique optical, electronic, thermo-physical, or mechanical properties due to nanoparticle volume, surface, and quantum effects. These materials are formed naturally through weathering processes of metal- or anion-containing rocks and at acid mine drainage sites. They are created as the by-products of combustion reactions or manufactured purposefully through engineering to perform a specialized operation. These materials have distinct physical and chemical properties from their bulk-form counterparts. These are used in various manufacturing processes, products, and healthcare, including paints, filters, insulation, and lubricant additives.

Global Nanomaterials Market Trends:

The global market is majorly driven by the increasing demand for the product in electronic applications due to the elevated surface area of nanomaterials at the time of application. In line with this, the rising utilization of nanomaterials in the medical industry for various in-vitro and in vivo applications is significantly contributing to the market. Furthermore, heavy investments by multiple research laboratories and biomedical industries for improving product penetration in drug delivery, gene therapy, and malignant tumor treatment are expected to influence the market positively. Apart from this, the growing demand for titanium nanoparticles across aerospace, chemicals, medical, petrochemicals, and architectural industries due to their high strength-to-weight ratio, excellent corrosion resistance, and biological compatibility is catalyzing the market expansion. Besides, the rapid adoption of nanomaterials in aircraft manufacturing due to the high demand for lighter and more efficient aircraft components is propelling the market growth. Additionally, significant growth in the semiconductor industry and the increasing development of boron nitride nanotubes (BNNT) are providing a boost to the overall market. On account of the factors above, the market is anticipated to reach a value of US$ 120.6 Billion by 2032, exhibiting a CAGR of 15.7% during 2024-2032.

Market Summary:

  • On the basis of the product type, the market has been segmented into nanoparticles, nanofibers, nanotubes, and others.
  • Based on the structure type, the market has been categorized into non-polymer organic nanomaterials and polymeric nanomaterials.
  • On the basis of the end use industry, the market has been classified into healthcare, electrical and electronics, energy, construction, rubber, personal care, and others.
  • On the basis of the region, 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.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include ACS Material LLC, American Elements, Arkema S.A., BASF SE, Cabot Corporation, Daikin Industries Ltd., Jiangsu Cnano Technology Co. Ltd., LG Chem Ltd., Nanocyl SA, Nanophase Technologies Corporation, Showa Denko K. K. and Strem Chemicals Inc. (Ascensus Specialties LLC).

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Structure Type, End Use Industry, Region
Region 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 ACS Material LLC, American Elements, Arkema S.A., BASF SE, Cabot Corporation, Daikin Industries Ltd., Jiangsu Cnano Technology Co. Ltd., LG Chem Ltd., Nanocyl SA, Nanophase Technologies Corporation, Showa Denko K. K. and Strem Chemicals Inc. (Ascensus Specialties LLC).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Nanomaterials Market to Reach US$ 120.6 Billion by 2032, Impelled by Increasing Product Demand in the Construction Sector
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More