Nanochemicals Market Size, Price, Outlook, Forecast 2023-2028

The latest research study “Nanochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global nanochemicals market size reached  US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

Nanochemicals represent the chemical compounds that are formulated using nanotechnology on conventional chemical building blocks, including butanes, ethane, and propane. These nanoscale chemicals change the building blocks to make them more efficient. They exhibit beneficial properties, such as self-catalysis and anticorrosion, that make them more excellent than their conventional counterparts. On account of their remarkable mechanical and electrical features, nanochemicals can be used to manufacture carbon nanomaterials, including carbon nanotubes (CNT), graphene fullerenes, etc. These chemicals may enable chemical reactions to arise in much shorter times and have minimized associated risks to health and the environment. Presently, carbon nanotubes are among the most commonly used nanochemicals, which can provide stronger materials for numerous applications.

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Nanochemicals Market Trends and Drivers: 

The escalating demand for chemical products with several phases to enhance chemical reactions and maximum product yield is among the key factors stimulating the nanochemicals market. Moreover, the widespread adoption of engineered chemicals in various end-use sectors, such as chemicals, cosmetics, food and beverages, etc., is acting as another significant growth-inducing factor. Apart from this, the rising usage of nanotechnology in nanochemical catalyst designing applications is positively influencing the global market. Furthermore, continuous technological advancements in the formulation of safer agrochemicals are also propelling the market growth. Besides this, the increasing consumer environmental concerns are resulting in the uptake of nanochemicals for an extensive range of industrial applications, which is further bolstering the global market. Additionally, they are used in the manufacturing of multifunctional coatings with inflated durability and self-cleaning properties, which is expected to fuel the nanochemicals market over the forecasted period.

Nanochemicals Market Report Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Azelis, BASF SE, Evonik Industries AG, Harima Chemicals Group Inc., Merck KGaA, Thermo Fischer Scientific Inc. and Toyo Ink Mfg. Co. Ltd.

The report has been segmented the market into following categories:

Breakup by Type:

• Metallic Nanochemicals
• Ceramic Nanochemicals
• Polymer Nanochemicals
• Others

Breakup by Application:

• Semiconductors and Electronics
• Pharmaceuticals
• Food and Agriculture
• Energy
• Textiles
• Others

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By Geography:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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