Nanochemicals Market: Global Industry Analysis, Size, Share, Trends and Forecast 2016 - 2023
- Transparency Market Research
Chemicals generated by using nanotechnology on conventional chemical building blocks such as ethane, propane, and butane are called nanochemicals. Nanochemicals exhibit beneficial properties such as self-catalysis and anti-corrosion as compared to other conventional chemicals. These chemicals carry out chemical reactions in less time.
Nanochemicals are segmented based on end-user applications into construction chemicals, semiconductors and IC process chemicals, mining chemicals, rubber chemicals, pesticides, printing ink, plastic additives, pigments, specialty polymers, and water treatment. Zinc oxide and titanium dioxide are among the chemicals that are widely used in semiconductors and IC process chemicals. Growth in the electronic sector is expected to boost demand for these chemicals in the near future. Carbon nanotube, graphene, and fullerenes have gained wide applications due to their distinct mechanical and electrical properties. Carbon nanotubes are primarily used in the bicycle manufacturing industry as the material produced is very dense and lightweight. Increased awareness regarding pollution-free environment and enhanced focus on health and fitness are key factors fueling demand for bicycles. This, in turn, would result in rising demand for carbon nanotubes in the near future. Printing ink is produced by titanium dioxide pigments due to its properties such as brightness and high refractive index. Nanochemicals are used in the manufacture of nano-sized ceramic ink, which gives high color strength to ceramics in different applications.
Global increase in demand for nano chemical-based products is due to factors such as enhancement of multiphase chemical reaction and maximum product yield. These factors have driven demand for nanochemicals globally, thus acting as chief driver for the nanochemicals market. In addition increase in applications of nanochemicals in sectors such as agrochemicals, manufacturing and multifunctional coating are expected to further propel the demand for nanochemicals globally. Development in nano chemistry would lead to increase in application of nanochemicals. This, in turn, is anticipated to propel demand for nanochemicals in the next few years. Restraining governmental regulations regarding the manufacture of chemicals is estimated to offer high growth opportunities to the nanochemicals market in the next few years.
The global nanochemicals market is segmented based on regions into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is anticipated to be the largest market for nanochemicals followed by Europe and Asia Pacific during the forecast period. Technological developments and increase in regulatory efforts to use nanochemicals in materials have driven demand for nanochemicals in North America. Europe being the second-largest market for nanochemicals has large number of suppliers for titanium-based products. Increased growth in the pigment and printing ink sector is anticipated to boost demand for nanochemicals in the near future. Asia Pacific is expected to experience high demand for nanochemicals in the near future due to various factors such as industrial development and shifting of companies from convectional chemicals to nano-based chemicals. Growing applications of nanochemicals in sectors such as construction, electronics, and rubber is projected to fuel the market in Asia Pacific as these sectors are experiencing significant growth in developing economies such as India and China. Increase in foreign investment and governmental support such as tax benefits in developing economies is anticipated to create strong market opportunities for nanochemicals in Asia Pacific during the forecast period.
Some of the key global companies operating in the nanochemicals market are ANP Co.,Ltd, BASF SE, E. I. Du Pont de Nemours and Company, Akzo Nobel N.V and Graphene NanoChem amongst others.
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects