Nanochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Nanochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6396
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Market Overview:

The global nanochemicals market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

Nanochemicals refer to the chemical compounds that are specifically formulated using nanotechnology on conventional chemical building blocks, such as butanes, ethane, and propane. These nanoscale chemicals modify the building blocks to make them more efficient. They have unique properties, such as self-catalysis and anticorrosion, which make them more advantageous than their conventional counterparts. As a result of their remarkable mechanical and electrical properties, nanochemicals can be used to produce carbon nanomaterials, including carbon nanotubes (CNT), graphene and fullerenes. In addition, these chemicals may enable chemical reactions to occur in much shorter times and have reduced associated risks to health and the environment. Among the most commonly used nanochemicals is carbon nanotubes, which can provide stronger materials for various applications.

Global Nanochemicals Market

Nanochemicals Market Trends:

The market is majorly driven by the augmenting demand for chemical products with multiple phases for enhanced chemical reactions and maximum product yield. This can be attributed to the growing adoption of engineered chemicals in various end-use industries, such as chemicals, cosmetics, and food and beverages. In addition to this, the rising adoption of nanotechnology in nanochemical catalyst designing applications is providing an impetus to the market. Continual technological advancements in the formulation of safer agrochemicals are also impacting the market positively. The rising environmental concerns are resulting in a higher uptake of nanochemicals for a wide range of industrial applications. The market is further propelled by the rapid product utilization in the manufacturing of multifunctional coatings with increased durability and self-cleaning properties. Some of the other factors contributing to the market growth include rapid industrialization, inflating disposable income levels, considerable growth in the cosmetics and personal care industry, and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global nanochemicals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and application.

Breakup by Type:

  • Metallic Nanochemicals
  • Ceramic Nanochemicals
  • Polymer Nanochemicals
  • Others

Breakup by Application:

  • Semiconductors and Electronics
  • Pharmaceuticals
  • Food and Agriculture
  • Energy
  • Textiles
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Azelis, BASF SE, Evonik Industries AG, Harima Chemicals Group Inc., Merck KGaA, Thermo Fischer Scientific Inc. and Toyo Ink Mfg. Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
    Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Application, 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 Azelis, BASF SE, Evonik Industries AG, Harima Chemicals Group Inc., Merck KGaA, Thermo Fischer Scientific Inc. and Toyo Ink Mfg. Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

Key Questions Answered in This Report

The global nanochemicals market was valued at US$ 6.1 Billion in 2022.

We expect the global nanochemicals market to exhibit a CAGR of 5.8% during 2023-2028.

The rising demand for nanochemicals to produce carbon nanotubes, graphene, and fullerenes, owing to their enhanced mechanical and electrical properties, is primarily driving the global nanochemicals market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for nanochemicals.

Based on the type, the global nanochemicals market has been categorized into metallic nanochemicals, ceramic nanochemicals, polymer nanochemicals, and others. Among these, ceramic nanochemicals currently account for the majority of the total market share.

Based on the application, the global nanochemicals market can be segregated into semiconductors and electronics, pharmaceuticals, food and agriculture, energy, textiles, and others. Currently, the pharmaceuticals industry exhibits clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global nanochemicals market include Azelis, BASF SE, Evonik Industries AG, Harima Chemicals Group Inc., Merck KGaA, Thermo Fischer Scientific Inc., and Toyo Ink Mfg. Co. Ltd.

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Nanochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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