The Nanotechnology Market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares, and size of top players. This syndicated research report also provides application, regional, product insights, and offers ready, data-driven answers to many industry-level questions.
Market Overview:
The Global Nanotechnology Market is subject to witness a substantial growth at a CAGR of around 17% due to the soaring demand from different industry verticals such as aerospace sector, automobile industry, electronics & electrical sector, pharmaceutical industry, and military & defense sector. Use of nanotechnology offers product security and anti-counterfeiting due to their unique properties such as high magnetic, optical strength, catalytic and electronic properties. Globally, the market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for market players to invest for research and development in the nanotechnology market.
Key Players:
• Altair Nanotechnologies • AMCOL International • BioDelivery Sciences International • Clariant International • Competitive Technologies • Dendritic NanoTechnologies
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Growth Drivers:
Vast set of application of nanotechnology involving dispersions and coating, consolidated materials, bio-medical and electromechanical devices are expected to offer lucrative growth opportunities for industry players in the upcoming years. Advent of nanomaterials such as graphene and nano-cellulose are predicted to drive growth of market over the forecast period. These nanomaterials are economically viable and possess advanced properties. The constant requirement of nanoparticles such as the gold nanoparticles for technological transformation of healthcare industry is driving the market growth in forecast period. Besides, the large investment from private sector for development of nanotechnology and numerous initiatives from governments are multiplying the progress of the nanotechnology market.
Increasing adoption of nanotechnology for production of metal nanoparticles, which are broadly consumed in biomedical sciences and bioengineering is expected to boost market growth in the near future. The nanoparticles have become major attraction due to their significant potential for development of nanotechnology in the healthcare industry.
Market Segment:
Key Regions: • North America • Europe • Asia Pacific • Latin America and Africa
Regional Analysis:
North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in electronic sector, increase in the number of research & development activities, and existence of well-established industrial infrastructure in the region.
Asia-Pacific region is predicted to hold major market share in the nanotechnology market with massive growth in forecast period. Countries such as South Korea, China and Japan are leading the Asia-Pacific market with increasing consummation of highest consumption of the metal nanoparticles and significant investment by leading industry players considering potential growth opportunities in the region.
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