Global Nanotechnology Market – Industry Trends and Forecast to 2030

Global Nanotechnology Market, By Type (Nano Composites, Nano Materials, Nano Tools, Nano Devices, Others), Application (Healthcare, Environment, Energy, Food and Agriculture, Information Technology, Others), End User Industry (Electronics, Cosmetics, Pharmaceutical, Biotechnology, Others) – Industry Trends and Forecast to 2030.

Nanotechnology Market Analysis and Size

The increasing adoption of nanomaterials in numerous end-use verticals, particularly healthcare, will revolutionize how healthcare services are delivered. It has been seen that nanotechnology plays an important role in medicine by allowing prophylactics, diagnostics, and therapy of several medical diseases. Many research and development organizations are working on several new nanomaterial applications for COVID-19 and other viral illnesses in terms of detection, prevention, and treatment.

Data Bridge Market Research analyses that the nanotechnology market, which was USD 7.33 billion in 2022, would rise to USD 114.54 billion by 2030 and is expected to undergo a CAGR of 41% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Nanotechnology Market Scope and Segmentation

Market Definition

Nanoscience and nanotechnology are the studies of nanoparticles and devices that have applications in several sectors, including biomedical, chemical, mechanical, and material science. It also involves developing and using physical, chemical, and biological systems and technologies at scales varying from single atoms to 100 nanometers. As a versatile technology, it has widespread applications in many end-use sectors.  

Global Nanotechnology Market Dynamics

Drivers

• Increasing Demand for Titanium Nanoparticles

Titanium nanoparticles are witnessing huge demand due to their ability to obstruct bacterial growth and prevent the formulation of further cell structure. Additionally, titanium nanomaterials have corrosion resistance, a high strength-to-weight ratio, and biological compatibility. Therefore, they are extensively used in the chemicals, medical, aerospace, petrochemicals, and architectural industries. These nanomaterials also feature good UV radiation resistance, corrosion resistance, biocompatibility, and mechanical strength. Thus, all these factors are helping in the greater adoption of titanium nanoparticles in nanotechnology, boosting the market growth.

• Increasing Use of Nanotechnology in Aerospace

The increase in the demand for lighter and more efficient aircraft has boosted the rapid adoption of nanomaterials in aircraft manufacturing. Nanomaterials are being widely used on a huge scale in aerospace parts manufacturing, including glass, aerostructure, and textile, to enhance an aircraft's safety, comfort, and affordability. Additionally, nanomaterials' high-strength and lightweight properties and the fast-operating speed are anticipated to increase their penetration in aerospace applications. Thus, this factor boosts market growth.

Opportunities

• Growing Adoption of Nanotechnology in Medical Diagnosis

The rise in the adoption of nanotechnology in medical diagnosis and imaging is increasing the market growth demand. In biomedical research, nanotechnology is widely used against COVID-19, as in numerous vaccinations that use nanoparticles as a treatment based on the encapsulation of the active ingredient of certain medications. Numerous nanosystems have been found to be better candidates for therapeutic purposes than conventional ones. Thus, this factor boosts market growth.  

• High Usage of Nanotechnology in Treating Cancer

Nanomedicine includes the implementation of nanotechnology in the treatment, screening, and diagnosis of numerous diseases, especially cancer. Nanotechnology plays an essential role in the development of numerous drugs for cancer treatment and in the discovery of cancer biomarkers. It helps in prediction, diagnosis, medicine, personalized therapy, and cancer prevention. Thus, this factor is helping in improving the market growth.

Restraints/Challenges

• High Cost of Nanotechnology

The high cost of nanomaterials, along with the equipment, impedes market growth. Nanodrugs are considerably more expensive to manufacture than traditional medicines. The physical methods of synthesizing nanoparticles are found to be expensive. Therefore, these factors hamper the market growth.

This nanotechnology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nanotechnology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2020, Clene Nanomedicine Inc., based in the U.S., announced a collaboration with Tottenham Acquistion I Limite. It uses nanotechnology to manufacture possible therapeutic nanocatalysts for treating neurodegenerative illnesses with antiviral applications. Clene's CNM-Au8 is in Phase 2 and 3 clinical trials, and the goal is to provide therapy for neurogenetic illnesses such as Parkinson's.

Global Nanotechnology Market Scope

The nanotechnology market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Nano Composites
• Nano Materials
• Nano Tools
• Nano Devices
• Others

Application

• Healthcare
• Environment
• Energy
• Food and Agriculture
• Information and Technology
• Others

End User

• Electronics
• Cosmetics
• Pharmaceutical
• Biotechnology
• Others

Nanotechnology Market Regional Analysis/Insights

The nanotechnology market is analyzed and market size insights and trends are provided by product, type, application and end user as referenced above.

The countries covered in the nanotechnology market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the nanotechnology market due to the rise in the adaptation of technologically advanced healthcare infrastructure. Additionally, the increasing number of patients and healthcare practitioners and the rise in the occurrence of numerous nanotechnology will further increase the growth of the nanotechnology market in the region during the forecast period.   

Asia-Pacific is expected to witness significant growth due to the increase in the application and investments in nanotechnology. Additionally, the surge in the adoption of nanotechnology in medical diagnosis and growing government R&D funding for the development of nanotechnological devices is further anticipated to boost the market growth in the region in the upcoming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The nanotechnology market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for nanotechnology market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nanotechnology market. The data is available for historic period 2011-2021.

Competitive Landscape and Nanotechnology Market Share Analysis

The nanotechnology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nanotechnology market.

Some of the major players operating in the nanotechnology market are:

• Honeywell International Inc (U.S.)
• DuPont (U.S.)
• 3M (U.S.)
• Sioen Industries (Germany)
• ANSELL LTD (Australia)
• Lakeland Inc (U.S.)
• AEB (U.S.)
• Eurofins Scientific (U.S.)
• Bruker (U.S.)
• Agilent Technologies, Inc. (U.S.)
• Nanosurf AG (Switzerland)
• Nanoscience Instruments, Inc (U.S.)
• Malvern Panalytical Ltd (U.K.)