Global Nanomaterials Market - Industry Insights By Growth, Emerging Trends And Forecast By 2025

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Nanomaterials Market Growth Outlook with Industry
Review and Forecast 2019-2025
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Global Market Scenario of Nanomaterials Industry

• The nanomaterials market is segmented based on
  applications into electrical electronics,
  chemical products, health care, aerospace,
  pharmaceuticals, and polymer and composites.
• Chemical product segment holds major share while
  pharmaceuticals, and polymer composites are
  expected to witness significant growth in coming
  years. In the cheamical products, aerogels,
  so-gels, and inorganic oxide materials find major
  application owing to catalytic and high surface
  area with high absorption properties.
• Based on type of materials, market is divided
  into metal metal oxides (silica, zinc oxide,
  aluminium oxide/hydroxide, iron oxide, titanium
  dioxide and others), chemicals polymers
  (liposomes, nanopharmaceuticals, other
  chemicals), carbon based, nanoclay, dendrimers,
  metal based, nanocellulos, and other materials.
• Metal and metal oxides account for a major share
  owing to increasing application in fabrication of
  sensors, micro circuits and passivation coatings.
  Carbon based nanomaterials market projected to
  hold noteworthy share due to thermal electrical
  conductivity, optical and high mechanical
  strength properties.
• Aerospace sector is expected to witness
  significant growth over the forecast period as
  nanomaterials market creates new business
  opportunity for automotive as it makes parts
  stronger, tougher, and long lasting. It is
  revealed in the study that use of this product
  increases the fatigue life by 200 to 300.

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• Regional Trends-
• North America led by U.S., is potential
  nanomaterials market with rising product
  application in major segments in electrical
  electronics, chemical products, and
  pharmaceuticals. U.S. dominate the overall market
  owing to large application of nanotubes in
  various fields like energy storage, molecular
  electronics.
• In 2017, the federal budget has allocated funds
  to National Nanotechnology Institute, a U.S.
  Government Research Development initiative
  which has boosted the nanomaterials market.
• Europe market growth is driven by mass production
  of the nanomaterials that has in turn led to fall
  in the price.
• Asia-Pacific is the most lucrative nanomaterials
  market for the new entrants due to the constant
  support from government fundings and increasing
  demand for speciality materials, rising
  environmental consciousness.

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• Competitive Trends
• The nanomaterials market is consolidated with
  major players being BASF, Ahlstrom, Bayer, Evonik
  Industries, DuPont, Fuso Chemicals, Southern Clay
  Products, EMFUTUR Technologies, Altair
  Nanotechnologies.
• The key players to gain major share of
  nanomaterials market, adopt strategies such as
  partnerships, mergers acquisitions, business
  expansion, and product application development.
  In order to gain competitive share and maximize
  the benefit, BASF is planning to spend more than
  one quarter of their capital expenditures in
  lucrative regions having above average growth.

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