Nanomaterials Market Size, Share & Trends Report

Nanomaterials Market Size, Share & Trends Analysis Report By Material (Gold, Silver, Iron, Copper), By Application (Aerospace, Automotive, Medical), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68038-565-6
  • Number of Report Pages: 148
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Advanced Materials

Research Methodology

A three-pronged approach was followed for deducing the nanomaterials market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for nanomaterials market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of nanomaterials market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Nanomaterials Market Categorization:

The nanomaterials market was categorized into four segments, namely material (Gold, Silver, Iron, Copper, Platinum, Titanium, Nickel, Aluminum Oxide, Antimony Tin Oxide, Bismuth Oxide, Carbon Nanotubes), application (Aerospace, Automotive, Medical, Energy & power, Electronics, Paints & Coatings), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The nanomaterials market was segmented into material, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The nanomaterials market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into ten countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; China; India; Japan; and Brazil

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Nanomaterials market companies & financials:

The nanomaterials market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Strem Chemicals, Inc. -  Strem Chemicals, Inc., a privately owned company established in 1964, is based in Newburyport, U.S. The company specializes in the production and distribution of high-purity specialty chemicals. It produces nanoparticles from a variety of materials including aluminum, nickel, iron, carbon, cadmium, calcium, gold, silicon, tin, zinc, and silver. Its products are supplied to government, industrial, and academic research and development laboratories. The company’s product range includes ligands, catalysts, organometallics, nanomaterials, metal carbonyls, and precursors for chemical vapor deposition (CVD) and atomic layer deposition (ALD). These products are available in various sizes, including 10, 20, and 30 nanometers. In addition, the company provides services such as current good manufacturing practices (cGMP) and custom synthesis, which includes high-pressure synthesis. Strem Chemicals, Inc. also caters to commercial sectors such as the microelectronic, pharmaceutical, petrochemical, and chemical industries. The company holds an ISO 9001 certification for its Quality Management System (QMS) standards. In April 2021, it was acquired by Ascensus Specialties LLC, U.S., and now operates as its subsidiary. The company has subsidiaries in Canada, Germany, the UK, and France. As of December 2021, Strem Chemicals, Inc. had approximately 100 employees. 

  • American Elements  - Founded in 1997 and based in Los Angeles, U.S., American Elements is a manufacturer and supplier of a broad spectrum of engineered and advanced materials. The company’s global network of manufacturing facilities allows it to offer a variety of customer-proprietary formulations. American Elements produces and provides technical support for more than 35,000 items, including elemental metals, ceramics, crystalline structures, and chemical stock items. The company’s product portfolio includes compounds, metallic forms, oxide forms, alloys, organometallics, nanoparticles, semiconductor & optical materials, sputtering targets, and isotopes. These products find applications across various sectors such as energy, aerospace, automotive, defense, and pharmaceutical or medical. Moreover, the company serves emerging markets like space exploration, green technology, nanotechnology, military technology, and advanced electronics. Major clients of American Elements include renowned companies like Toyota, IBM, Raytheon, Hewlett-Packard, Nike, and Samsung. As of December 2021, the company has a workforce of approximately 500 employees. 

  • US Research Nanomaterials, Inc.  - US Research Nanomaterials, Inc., a privately-owned company, was founded in 2010 and has its headquarters in Houston, U.S. The company is a high-tech enterprise that concentrates on the research and development of nanotechnology. It collaborates with renowned research institutions, universities, national laboratories, and innovative corporate giants in the field of nanomaterials research and development to develop its products. The company is involved in the production, distribution, and sales of its products. It manufactures and distributes a wide variety of products, including nanopowders, carbon nanotubes, nanoparticles, micro powders, carbon nanotubes (CNT) dispersions, and nanoparticle dispersions. The nanopowders it offers come in various materials, including compounds, elements, alloys, single-element oxides, and multi-element oxides. The products are available with a purity of 99.9% and above 99.5%, with particle sizes such as 3 nm, 8 nm, 15 nm, 20 nm, and 30 nm. The company’s products are primarily used for research and development purposes, and its client base includes research institutes, national laboratories, universities, and innovative corporate organizations. As of December 2021, the company had approximately 10 employees. 

  • Nanocomposix, Inc.  - Established in 2004, Nanocomposix, Inc. is a privately owned company based in San Diego, U.S. The company specializes in the manufacture of highly characterized and precisely engineered nanoparticles. It also provides unagglomerated and monodisperse metal and metal oxide nanoparticles. In addition to its standard offerings, the company produces custom nanomaterials, ranging from core/shell particles to biofunctionalized, fluorescent, and magnetic nanocomposites, tailored to meet the specific needs of individual clients. Its product portfolio encompasses a wide variety of materials such as gold, silica, silver, platinum, magnetite, titania, and mesoporous silica. These materials are available in various particle sizes, ranging from 2 nm to 240 nm, and come in different shapes, core shells, and surfaces. Nanocomposix offers its products under several brands, including BioPure, BioReady, NanoXacts, and Econix. It also provides customized products by modifying its standard offerings based on customer requirements. The company offers a suite of services, including rapid prototyping, scale-up, integration, and characterization solutions, to expedite commercialization and R&D for a diverse range of applications such as antimicrobial coatings, topical therapeutics, biodiagnostics, nanomedicine, and color engineering. It manufactures nanomaterials for medical devices and clinical trials in cleanroom facilities that comply with ISO13485 and cGMP standards. Nanocomposix is an ISO 13485:2016 certified company. In July 2021, it was acquired by Fortis Life Sciences, a strategic platform that provides capital, expertise, and operational resources to support the growth and success of founder-led life sciences tools companies. As of December 2021, the company had a workforce of approximately 55 employees. 

  • Frontier Carbon Corporation  - Frontier Carbon Corporation, founded in 2001 and based in Tokyo, Japan, was initiated as a joint venture between Mitsubishi Corporation and Mitsubishi Chemical Corporation. The company aimed to become a global leader in the commercial production of nano-scale carbon products. The company produces fullerenes and their derivatives for various industrial applications, including different fullerene derivatives for organic devices. It also manufactures fullerenes for next-generation semiconductor materials, resin additives, and lubricating oil additives. Frontier Carbon Corporation supplies a variety of OPV acceptor materials in both dry (C60) and wet (PCBM and related compounds) fabrication systems and is expanding its sales. In 2013, Mitsubishi Corporation (MC) and Showa Denko K.K. (SDK) formed a strategic partnership in the Fullerene business. They later acquired a 50% stake in the company, making it a 50-50 joint venture between MC and SDK. As of December 2021, Frontier Carbon Corporation had a workforce of approximately 10 employees. 

  • Nanoshel LLC - Established in 2005, Nanoshel LLC, also known as Naoshel, is a company based in Punjab, India. It is a part of the Intelligent Materials Pvt. Ltd (IMPL) group of companies. The company’s primary focus is on the production and distribution of a wide variety of products for research and development, with a special emphasis on nanotechnology and nanoscience. This includes the creation of nanomaterials, nanocompounds, formulations, and intermediaries. Nanoshel has subsidiaries in the UK/EIRE (Nanoshel UK limited) and the U.S. Its product portfolio is extensive and includes nanopowders, innovative materials, quantum dots, porous carbon materials, micro powders, salts, wafers & targets, rare earth metals, dispersions, and compounds. The company also offers a range of services such as custom synthesis, nanomaterial synthesis, process R&D, analytical services, and consultancy. The company supplies nanoparticles in a variety of oxides including aluminum oxide, iron oxide (magnetite), copper oxide, and cobalt oxide. The magnetite nanoparticles they offer come in various particle sizes, ranging from 10 nm to 90 nm. Nanoshel collaborates with several trading partners including Filgen, Inc., JL Chem Co., Ltd., J&K Scientific, Innovative Oilfield Services SDN BHD, Nano Life Quest SDN BHD, Euro Trade, and Capital Lab Supplies. The company holds certifications for ISO 9001: 2015, ISO 13485:2016, and medical device and PPE directives. Nanoshel has built a robust customer base of over 18000 downstream users of nanomaterials worldwide. These users include multinational companies, laboratories, research institutes, government agencies, and universities. As of December 2021, the company employs around 50 personnel. 

  • SkySpring Nanomaterials, Inc. - SkySpring Nanomaterials, Inc., established in 2007 and based in Texas, U.S., is a manufacturer and supplier of advanced and engineered materials. The company’s product line includes nanopowders, nanoparticles, carbon nanotubes (CNT), and micro powders. These products are available in large quantities for industrial use and in smaller quantities for research purposes. The company offers a diverse range of products, including a variety of oxides, compounds, metals, and non-metal elements. Among these are magnetic nanoparticles, available in several metal oxides such as boron, cerium, cobalt, europium oxide, iron oxide (magnetite), and holmium oxide. SkySpring Nanomaterials’ products serve a broad spectrum of industries, including the chemical, electronics, energy, and medical sectors. The company is certified to the ISO 9001: 2015 Quality Management System (QMS) standard for the supply of nanomaterials and industrial chemicals. 

  • Nanophase Technologies Corporation  - Established in 1989, Nanophase Technologies Corporation is a U.S.-based company located in Illinois. It is a developer and commercial manufacturer of advanced materials and applications, with a comprehensive suite of materials technologies. The company produces engineered nano and sub-micron materials that are used across a wide range of markets. These include personal care (such as sunscreens), architectural coatings, industrial coating applications, abrasion-resistant additives, plastics additives, medical diagnostics, energy, and various surface finishing technologies (like polishing) applications, including optics. Through its subsidiary, Solesence LLC, the company develops and markets fully formulated skin care products. Nanophase Technologies Corporation offers a variety of nanomaterials, including antimony oxide, bismuth oxide, zinc oxide, cerium oxide, and iron oxide nanoparticles, available in different particle sizes. The company’s nanomaterials business incorporates two unique manufacturing processes: Plasma Vapor Synthesis (PVS) and NanoArc Synthesis (NAS), to produce nanomaterials. It also can manufacture, coat, and disperse nanometal oxides, providing a solution-oriented approach for applications. Nanophase Technologies Corporation is certified to ISO 9001:2008 and ISO 14001:2004 standards for the supply of nanomaterials and industrial chemicals. As of December 2021, the company employs approximately 200 personnel. 

  • Cytodiagnostics, Inc. -  Cytodiagnostics, Inc., a privately held biotechnology firm, was established in 2009 and has its headquarters in Burlington, Canada. The company specializes in the production and supply of nanotechnology-based products and services, which are used in product development and life science research. The company’s product range includes magnetic nanoparticles, gold & silver nanoparticles, polystyrene beads, and assays & support reagents tailored for specific applications. Additionally, it offers a variety of organic and water-soluble iron oxide (magnetite) nanoparticles, available in different technical specifications. Cytodiagnostics also provides a range of customized services. These include the development of custom assays, the conjugation of proteins & antibodies to nanoparticles, the conjugation of oligonucleotides to nanoparticles, and analytical services. As of December 2021, the company served approximately 40 customers globally and employed 25 personnel. It operates sales and distribution offices in North America, Europe, Asia-Pacific, South America, and the Middle East. 

  • Quantum Materials Corp. - Established in 2007 and based in Texas, U.S., Quantum Materials Corporation is a producer of quantum dots utilized in a variety of industrial, consumer, and business sectors. The company’s focus is on the creation and production of nanomaterials for applications in solar energy, displays, and lighting. It is also a supplier of nanomaterials, including tetrapod quantum dots, which are used in a wide array of applications such as displays, televisions, other optoelectronics, life sciences, photovoltaics, security ink, sensors, and batteries. Quantum Materials Corporation has integrated its Ledger blockchain technology with its patented quantum dots to offer solutions for anti-counterfeiting applications. The company also owns a subsidiary, Solterra Renewable Technologies, Inc., which is dedicated to the development of next-generation photovoltaics using quantum dot semiconductors. As of December 2021, the company had a workforce of approximately 50 employees.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Nanomaterials Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Nanomaterials Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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