Nano Materials Market

Nano Materials Market Size by Type (Gold (Au), Silver (Ag), Iron (Fe), Copper (Cu), Platinum (Pt), Titanium (Ti), Nickel (Ni), Aluminum Oxide, Antimony Tin Oxide, Bismuth Oxide, Carbon Nanotubes and Others), Structure Type (Non-Polymer Organic Nanomaterials and Polymeric Nanomaterials, Application (Aerospace, Automotive, Medical, Energy & Power, Electronics, Paints & Coatings, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13805
  • Published Date: Nov, 2023
  • Pages: 231
  • Category: Chemicals & Materials
  • Format: PDF
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The global Nano Materials market generated USD 11.29 billion revenue in 2022 and is projected to grow at a CAGR of 14.38% from 2023 to 2032. The market is expected to reach USD 43.27 billion by 2032. The increasing accessibility of a wide range of tools and techniques for nanomaterial synthesis primarily propels the growth of the nanomaterials sector. Additionally, the market is experiencing significant expansion due to the heightened demand for antimicrobial applications. Moreover, the pharmaceutical industry's growing adoption of nanomedicine and the emergence of innovative applications within the electronics sector is set to drive the global nanomaterials market's expansion in the foreseeable future.

Market Introduction:

Nanomaterials, a term derived from "nano," which represents one billionth of a meter, refer to materials with at least one dimension on the nanoscale, normally in the 1 to 100 nanometers range. Nanomaterials exhibit unique and often enhanced properties at this scale compared to their bulk counterparts due to quantum effects, increased surface area-to-volume ratios, and other size-dependent phenomena. These materials can be composed of various substances, including metals, semiconductors, polymers, and carbon-based materials, and find applications across various industries, from healthcare and electronics to energy and environmental remediation. Their precise control and manipulation at the nanoscale make nanomaterials integral to cutting-edge technological advancements and innovations.

Nano Materials Market Size

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Recent Development
  • In September 2023: Evonik is enhancing its lineup of nanoparticle technologies and services for parenteral drug delivery, bolstering its solutions platform. This expansion includes the introduction of three novel standard PLA-PEG di-block copolymers and a newly introduced nanoparticle formulation service that employs sonication technology.
  • In November 2022: American Elements has introduced an innovative nanoscale electrolyte material designed for advanced Lithium-Sulfur Battery technology. This breakthrough electrolyte comprises ceramic lithium, lanthanum, and zirconium oxide nanoparticles, boasting exceptional energy density and a heightened stability profile across a broader temperature spectrum than conventional electrolytes in commercial lithium-ion batteries. This groundbreaking achievement underscores American Elements' dedication to promoting efficient energy storage solutions advancements, which are crucial in mitigating performance and safety issues associated with the existing Lithium-Ion battery technologies.
  • In March 2021: Cabot Corporation has unveiled its latest innovation, the ENERMAX 6 carbon nanotube (CNT) series. These products have been substantiated as the most conductive among Cabot's multi-walled carbon nanotube offerings, representing the company's most recent advancement in high-performance carbon nanotube technology. The ENERMAX 6 CNT series is designed to significantly bolster battery performance at lesser loadings, resulting in a notable increase in energy density.

Market Dynamics:


Growing Demand for Lightweight and Strong Materials - Construction, automotive, and aerospace industries increasingly seek lightweight yet strong materials to enhance fuel efficiency and structural integrity. Graphene and carbon nanotubes nanomaterials offer these properties and are in high demand.

Energy Efficiency and Renewable Energy - The push for energy-efficient technologies and renewable energy sources has driven the demand for nanomaterials. Nanomaterials can improve the efficiency of solar cells, energy storage devices, and energy-efficient lighting.

Healthcare and Biotechnology Applications - Nanomaterials have applications in drug delivery systems, diagnostics, and tissue engineering. The rising demand for personalized medicine and minimally invasive medical procedures is propelling the use of nanomaterials in the healthcare sector.


High Production Costs - The synthesis and production of nanomaterials can be expensive, often requiring specialized equipment and expertise. These factors can limit their adoption, especially in price-sensitive industries.

Safety Concerns - Concerns about the safety of nanomaterials, especially in terms of potential toxicity and environmental impact, can raise barriers to their acceptance in various applications, such as in consumer products and healthcare.


Advanced Electronics - Nanowires and quantum dots nanomaterials offer the potential to create smaller, more energy-efficient electronic components. These materials can be used to develop high-resolution displays, more powerful computer chips, and advanced sensors for various applications.

Energy Storage and Conversion - Nanomaterials have the potential to revolutionize energy storage solutions. Opportunities include high-capacity batteries, supercapacitors, and materials for hydrogen storage, which can support the transition to clean energy sources.

Water and Air Purification - Nanomaterials, such as nanofilters and nanocatalysts, can be used for efficient water and air purification, addressing pressing global environmental and health concerns.


Limited Application Knowledge - In some sectors, there may be a need for more expertise or understanding of effectively integrating nanomaterials into products, slowing their adoption. This factor is anticipated to challenge the market's growth over the upcoming years.

Standardization - The need for standardized testing and characterization methods for nanomaterials makes it difficult to compare and assess the quality and performance of different materials.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the most prominent global Nano Materials market, with a 38.57% market revenue share in 2022.

Many nations in the Asia Pacific region have developed advanced manufacturing capabilities. This factor includes the ability to produce nanomaterials at scale, which is crucial for commercial applications. In addition, Asia Pacific countries have a well-educated and highly skilled workforce, including scientists, engineers, and technicians actively engaged in nanomaterial research and development. This pool of talent is essential for the advancement of nanotechnology. Also, the region has a diverse industrial base, encompassing electronics, automotive, healthcare, and energy sectors, all of which strongly demand nanomaterials to enhance products and processes. Additionally, the Asia Pacific region is home to a significant portion of the world's population, driving demand for various products and technologies incorporating nanomaterials, such as electronics, clean energy solutions, and healthcare products. The North American region accounted for the second-largest share in 2022. North America, particularly the United States, is home to some of the world's leading research institutions, universities, and innovative companies. These institutions actively engage in nanotechnology research and development, driving innovation and commercialization of nanomaterials. Furthermore, the region has a well-established venture capital and investment ecosystem that provides funding for nanotechnology startups and research initiatives. This access to capital accelerates the development and commercialization of nanomaterials. The European region is anticipated to experience significant growth over the forecast years. Europe is home to renowned research institutions, universities, and technology clusters that actively engage in cutting-edge research and development in nanotechnology. This environment of innovation drives the growth of nanomaterials. Besides, European governments and the European Union have allocated substantial funds for nanotechnology research and development. Initiatives like the European Framework Programme for Research and Innovation (Horizon Europe) support innovation and technology transfer.

Europe Region Nano Materials Market Share in 2022 - 38.57%

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Type Segment Analysis

The type segment includes gold (Au), silver (Ag), iron (Fe), copper (Cu), platinum (Pt), titanium (Ti), nickel (Ni), aluminum oxide, antimony tin oxide, bismuth oxide, carbon nanotubes and others. The titanium (Ti) segment dominated the market, with a share of 16.47% in 2022. Titanium is well-known for its high strength-to-weight ratio. This property is crucial for aerospace, automotive, and construction applications in the nanomaterials market, where lightweight yet strong materials are in demand. Also, titanium exhibits exceptional corrosion resistance, making it appropriate for applications in extreme climates, such as the aerospace industry, marine structures, and chemical processing equipment. Additionally, titanium is biocompatible, meaning it does not elicit an immune response when used in medical and dental applications. It is widely used in implants, such as dental implants, joint replacements, and cardiovascular devices. Thus boosting the segment's demand in the nanomaterials market.

Structure Type Segment Analysis

The structure type segment is classified into non-polymer organic nanomaterials and polymeric nanomaterials. The non-polymer organic nanomaterials segment dominated the market, with a share of around 61.85% in 2022. Non-polymer organic nanomaterials offer a wide range of applications across various industries. They can be used in electronics, healthcare, energy, environmental remediation, and more, making them versatile and in high demand. In addition, non-polymer organic nanomaterials can have their properties fine-tuned during synthesis, allowing customization for specific applications. This flexibility attracts industries seeking materials tailored to their needs. These materials can significantly enhance the performance of products and processes. For instance, carbon nanotubes, a type of non-polymer organic nanomaterial, can improve the mechanical and electrical properties of composite materials and electronics. Also, non-polymer organic nanomaterials can be applied in environmental applications, such as air filtration, water purification and others, contributing to sustainability and addressing environmental challenges.

Application Segment Analysis

The application segment is divided into aerospace, automotive, medical, energy & power, electronics, paints & coatings, and others. The medical segment dominated the market, with a share of around 31.46% in 2022. Nanomaterials enable precise and controlled drug delivery. Nanoparticles and nanocarriers can transport drugs to specific cells or tissues, improving the efficacy of treatments and reducing side effects. In addition, nanomaterials, such as quantum dots and superparamagnetic nanoparticles, are used in advanced medical imaging and diagnostic tools. They provide high-resolution images for accurate disease detection and monitoring. Nanomaterials are also used in tissue engineering to create scaffolds and matrices that mimic the extracellular environment. This factor aids in the regeneration of damaged or diseased tissues and organs. Besides, these nanomaterials are crucial in cancer treatment, enabling targeted therapies, such as photodynamic therapy and nanoparticle-based drug delivery, to selectively destroy cancer cells while minimizing damage to healthy tissue.

Some of the Key Market Players:
  • American Elements
  • Arkema Group
  • ACS Material
  • Cabot Corporation
  • CHASM Advanced Materials Inc.
  • Chengdu Organic Chemicals Co. Ltd (Timesnano)
  • Cytodiagnostics, Inc.
  • Daikin Industries Ltd.
  • DuPont
  • Evonik Industries AG
  • Frontier Carbon Corporation
  • Jiangsu Cnano Technology Co. Ltd.
  • Lanxess Corporation
  • LG Chem, Merck KGaA
  • Nanoco Technologies
  • Nanocyl S.A.
  • Nanocomposix, Inc.
  • Nanoshel LLC
  • Nanophase Technologies Corporation
  • OCSiAl
  • Quantum Materials Corp.
  • Raymor Industries Inc.
  • Strem Chemicals, Inc.
  • SkySpring Nanomaterials, Inc.
  • Umicore N.V.
  • US Research Nanomaterials, Inc.
  • ZYVEX Technologies

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 11.29 Billion
Market size value in 2032 USD 43.27 Billion
CAGR (2023 to 2032) 14.38%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Type, Structure Type, and Application

Frequesntly Asked Questions

As per The Brainy Insights, the size of the nano materials market was valued at USD 11.29 billion in 2022 to USD 43.27 billion by 2032.

The global nano materials market is growing at a CAGR of 14.38% during the forecast period 2023-2032.

The Asia Pacific region became the largest market for nano materials.

Growing demand for lightweight and strong materials, and energy efficiency and renewable energy are influencing the market's growth.

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This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global Nano Materials market based on below-mentioned segments:

Global Nano Materials Market by Type:

  • Gold (Au)
  • Silver (Ag)
  • Iron (Fe)
  • Copper (Cu)
  • Platinum (Pt)
  • Titanium (Ti)
  • Nickel (Ni)
  • Aluminum Oxide
  • Antimony Tin Oxide
  • Bismuth Oxide
  • Carbon Nanotubes
  • Others

Global Nano Materials Market by Structure Type:

  • Non-Polymer Organic Nanomaterials
  • Polymeric Nanomaterials

Global Nano Materials Market by Application:

  • Aerospace
  • Automotive
  • Medical
  • Energy & Power
  • Electronics
  • Paints & Coatings
  • Others

Global Nano Materials Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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