Global Nanomaterials Market Size to Exceed USD 58.46 Billion by 2033: Market Study Report

Global Nanomaterials Market Size to Exceed USD 58.46 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Nanomaterials Market Size is Expected to Grow from USD 12.85 Billion in 2023 to USD 58.46 Billion by 2033, at a CAGR of 16.36% during the forecast period 2023-2033.  

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Nanomaterials Market Size, Share, and COVID-19 Impact Analysis, By Material (Gold, Titanium, Silver, Iron, and Copper), By Application (Aerospace, Automotive, and Medical), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

The global nanomaterials market refers to the industry involved in engaged in the manufacturing, commercialization, and use of materials designed at the nanoscale (1 to 100 nanometers). A wide range of industries, including electronics, healthcare, energy, automotive, aerospace, and cosmetics, find value in these materials because of their distinctive qualities. Advances in technology, rising demand for high-performance materials, and growing applications in the environmental and medical sectors are driving the market.  Key driving factors for the growth of the nanomaterials market include the increased surface area at application time, in addition to its strong superparamagnetic characteristics.  However, large-scale synthesis of nanomaterials is expensive due to the need for sophisticated technologies and costly equipment.

The titanium segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.

On the basis of material, the global nanomaterials market is divided into gold, titanium, silver, iron, and copper. Among these, the titanium segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. Titanium nanoparticles are biologically compatible, corrosion resistant, and have a high strength-to-weight ratio. They are therefore extensively utilized in the petrochemical, medicinal, aeronautical, chemical, and architectural sectors.

The medical segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.

On the basis of application, the global nanomaterials market is divided into aerospace, automotive, and medical. Among these, the medical segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. The growth can be attributed to the product's widespread use in the treatment of cancer and other dangerous tumors.  Additionally, nanoparticles are employed in the medical field for several specialized purposes, such as targeted drug administration, imaging.

Aisa Pacific is anticipated to hold the largest share of the global nanomaterials market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global nanomaterials market over the predicted timeframe. The regional growth can be attributed to increasing product penetration and the expanding semiconductor manufacturing sector. Additionally, it is anticipated that the regional market will drive significant expansion in the electronics, medical equipment, aerospace & defense, textile, and automotive sectors will increase demand for the products.

North America is expected to grow at the fastest CAGR in the global nanomaterials market during the forecast period.  The regional market is also anticipated to be driven throughout the projected period by ongoing efforts in the research and development of nanomaterials and nanotechnology to investigate more possible applications in diverse end-use industries.

Company Profiling

Major vendors in the global nanomaterials market are Cabot Corporation, Daikin Industries Ltd., Jiangsu Cnano Technology Co. Ltd., LG Chem Ltd., Nanocyl SA, Nanophase Technologies Corporation, Showa Denko K. K., Strem Chemicals Inc. (Ascensus Specialties LLC), ACS Material LLC, American Elements, Arkema S.A., BASF SE, and Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In February 2024, the Whiting School of Engineering at Johns Hopkins University and the Applied Physics Laboratory announced the development of a novel biocompatible nanocomposite material to treat Retinitis pigmentosa by targeting the brain's visual cortex.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global nanomaterials market based on the below-mentioned segments: 

Global Nanomaterials Market, By Material  

• Gold
• Titanium
• Silver
• Iron
• Copper

Global Nanomaterials Market, By Application

• Aerospace
• Automotive
• Medical

Global Nanomaterials Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa