Nanomaterials Market Report 2025

This Nanomaterials report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The nanomaterials market size has grown rapidly in recent years. It will grow from $16.75 billion in 2024 to $19.16 billion in 2025 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to increased funding for research and development activities, growing demand for compact and powerful devices, advancements in camera technology, growing demand for high-quality video content, increased adoption of smartphones and other mobile devices.

The nanomaterials market size is expected to see rapid growth in the next few years. It will grow to $34.91 billion in 2029 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to growing demand for nanomaterials in drug delivery systems, increasing adoption of nanomaterials in tissue engineering, emerging energy storage solutions, increased aerospace applications, electronics miniaturization. Major trends in the forecast period include advancements in nanotechnology research, advancements in nanotechnology, focus on biocompatibility and biodegradability properties, nanomaterials in 3d printing, collaborative research initiatives, adoption of synthetic and natural polymers in nanofabrication.

The rising use of nanomaterials in the healthcare industry worldwide is driving the growth of the nanomaterials market. These materials are utilized in healthcare to target abnormalities at the cellular and sub-cellular levels and to enhance the effectiveness of vaccines and medications by facilitating their access to the body. Consequently, as the application of nanomaterials in healthcare increases, so does the demand for them. For example, in December 2023, a report published by the National Nanotechnology Initiative, a US-based research and development initiative, estimated that the economic impact of nanotechnology on the U.S. economy in 2022 ranged from $67 billion to $83 billion, totaling nearly $1 trillion over the past two decades. This significant figure greatly surpasses the U.S. government's investment of approximately $40 billion during the same timeframe, demonstrating the nation's commitment to advancing this field through the National Nanotechnology Initiative (NNI). Furthermore, incorporating the microelectronics and semiconductor industry into this analysis revealed an estimated impact of $268 billion to $297 billion for 2022 alone. Therefore, the growing presence and application of nanomaterials in healthcare are expected to further drive the growth of the nanomaterials market in the coming years.

The expected growth of the nanomaterials market is further supported by the expanding electronics industry. This industry involves the design, manufacturing, and sale of electronic components and devices, encompassing semiconductors, consumer electronics, and telecommunications equipment. Nanomaterials play a pivotal role in the miniaturization and enhanced performance of electronic devices, contributing to the development of smaller, more efficient components. With ongoing advancements in the electronics sector, nanomaterials become essential for meeting the demand for smaller, powerful, and energy-efficient devices, thus fostering innovation and growth in the nanomaterials market. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that total electronic equipment production in Japan amounted to $6.72 billion (¥771,457 million). Additionally, consumer electronics production increased from $230. 9 million (¥25,268 million) in May 2022 to $280 million (¥32,099 million) in May 2023. Therefore, the burgeoning electronics industry is a key driver of the nanomaterials market.

Major companies in the nanomaterials market are actively developing new materials. In November 2022, American Elements, a US-based materials company, introduced a groundbreaking nanoscale electrolyte material tailored for advanced Lithium-Sulfur Battery technology. This innovative ceramic compound, comprising lithium, lanthanum, and zirconium oxide nanoparticles, offers improved energy density and stability across a wider temperature range compared to traditional electrolytes in commercial lithium-ion batteries.

Major companies in the nanomaterials market are focusing on the development of innovative nanomaterials to maintain their competitive edge. These advanced materials, engineered at the nanoscale, exhibit unique properties and applications due to their small size and tailored structures. For instance, in July 2023, Hyundai Motor Company and Kia Corporation, both based in South Korea, introduced their advanced nanomaterial technology known as Nano Cooling Film. This innovative film is designed to significantly reduce a vehicle's interior temperature by blocking external heat while allowing internal heat to escape. The Nano Cooling Film can lower cabin temperatures by more than 12°C, thereby enhancing passenger comfort and improving energy efficiency in vehicles.

In October 2023, Birla Carbon, an India-based chemical manufacturing company, acquired Nanocyl SA, a Belgium-based nanotechnology company, for an undisclosed amount. This strategic acquisition expands Birla Carbon's presence in the Energy Systems market, reinforcing its position in critical materials for Lithium-Ion battery performance and other conductive applications. Nanocyl specializes in the development, manufacturing, and sales of multiwall carbon nanotubes (MWCNT) and MWCNT-based products, aligning with Birla Carbon's sustainability and innovation objectives.

Major companies operating in the nanomaterials market include BASF SE, Bayer AG, Chasm Technologies Ltd., Cnano Technology, DuPont Air Products Nanomaterials LLC, Elmarco Ltd., Finetex ENE Inc., Glonatech SA, Kuraray Co. Ltd., Nanocyl SA, NanoViricides Inc., Sumitomo Corporation, Showa Denko Materials Co. Ltd., Zyvex Technologies, US Research Nanomaterials Inc., Nanocomposix Inc., Frontier Carbon Corporation, Nanoshel LLC, SkySpring Nanomaterials Inc., Cytodiagnostics Inc., Strem Chemicals Inc., American Elements Corporation, Arkema SA, Taiwan Semiconductor Manufacturing Company Ltd., Thermo Fisher Scientific Inc., Fujitsu Ltd., Altairnano Inc., Nano Magic LLC, Imina Technologies SA, Kleindiek Inc., Advanced Nano Products Co. Ltd., Bruker Corporation, Biosensors International Group Ltd., Espin Technology Inc., Nanonics Imaging Ltd., Vive Crop Protection Inc., Johnson Matthey plc, UP Catalyst Ltd., Liquidia Technologies Inc., Applied Nanodetectors Ltd., EyePoint Pharmaceuticals Inc., Nanoco Group plc, Surrey NanoSystems Ltd., Ilika Technologies Ltd., Nanobiotix SA, DUST Identity Inc., Leia Inc., actnano Inc., Hummingbird Scientific Corporation, Voyant Photonics Inc., Nanotech Systems Ltd., Nanosys Inc., Nanophase Technologies Corporation, Nanogate AG.

North America was the largest region in the nanomaterials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanomaterials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the nanomaterials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Nanomaterials are a category of materials characterized by internal structures of 100 nm or less or at least one exterior dimension that is 100 nm or less. Research in nanomaterials leverages advancements in materials metrology and synthesis, primarily derived from microfabrication studies, providing a materials science-based perspective on nanotechnology.

The main types of nanomaterials include carbon-based nanomaterials, metal and non-metal oxides, metal-based nanomaterials, dendrimers, nano clay, nanocellulose, and others. Carbon-based nanomaterials, comprising carbon nanotubes, graphene, and fullerenes, find applications in various biomedical fields such as biosensors, cancer therapy, tissue engineering, and therapeutic delivery. Nanomaterials exhibit different structures, including non-polymer organic nanomaterials and polymeric nanomaterials, catering to diverse sectors such as paints and coatings, adhesives and sealants, healthcare and life sciences, energy, electronics, consumer goods, personal care, and others.

The nanomaterials market research report is one of a series of new reports that provides nanomaterials market statistics, including nanomaterials industry global market size, regional shares, competitors with a nanomaterials market share, detailed nanomaterials market segments, market trends and opportunities, and any further data you may need to thrive in the nanomaterials industry. This nanomaterials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nanomaterials market consists of sales of inorganic-based nanomaterials, organic-based nanomaterials, nanofibers, and composite-based nanomaterials. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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