Nanochemicals Market to be Dominated by Pharmaceutical Sector Through 2028
Global Nanochemicals market in the forecast period
2024-2028 is expected to grow in the forecast period 2024-2028 due to
increasing demand from the pharmaceutical sector.
According to TechSci Research report, “Nanochemicals Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, global Nanochemicals market
is anticipated to upsurge at an impressive rate in the forecast period 2024-2028.
A significant factor fueling the growth of the global
Nanochemicals Market is the increasing use of nanochemicals in the pharmaceutical
sector. As
nanochemicals are small in size and high surface area-to-volume ratio, it helps to
reduce the size of drug molecules which brought an improvement in solubility
bioavailability and reduced drug toxicity. Moreover, nanochemicals
are used in the production of ceramics of small size, basically nano size,
which provide color to the ceramics for different applications like tiles. In
addition, paints which are produced using nanochemicals have enormous features
like high refractive index and long lasting & brighter in nature which will
further fuel the growth of Global Nanochemicals market.
For instance, titanium dioxide (TiO2)
and silicon dioxide (SiO2) are the most relevant nanomaterials used
in paints.
Furthermore, the market is being further
stimulated by the extensive use of Nanochemicals in the cosmetic, rubber, and
electronics sector.
However, small
size and fast reaction mechanism make it more unstable, resulting in slowing down the market
growth. Also, rising environmental issues due to their harmfulness can further slowdown
the market growth.
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Global Nanochemicals Market is segmented
based on type, application, and region.
Based
on type, the
market is segmented into polymer, ceramic, metallic, and others. Metallic
will experience the highest market share during the forecast period 2024-2028, due
to its superior and advanced properties, such as high stability, high
reactivity, plasmonic, and photothermal properties.
Based
on application, the
market is segmented into pharmaceuticals, cosmetics, electrical & electronics,
and others. Pharmaceuticals segment will experience the highest market share
during the forecast period 2024-2028, as it is used to deliver heat, light,
drugs, and other substances to particular type of cells.
Major companies operating in the Global Nanochemicals
Market are:
- Alfa Chemical Co., Ltd.
- BASF SE
- DuPont de Nemours, Inc.
- Merck KGaA
- Central Drug House (P) Ltd.
- Advanced Nano Products Co., Ltd.
- Evonik Industries AG
- Pan-Continental Chemical Co., Ltd.
- US Research Nanomaterials, Inc.
- Ad Nano Technologies Pvt Ltd.
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“North America region is expected to
grow at the highest rate during the forecast period. This is due to increased regulatory initiatives and various
scientific advancements in nanochemicals. In addition, presence of a large
number of pharmaceutical and biotechnology companies in the region increases
the demand of nanochemicals for various medicinal application, thereby creating
lucrative opportunities for market growth. Furthermore, in Europe, rising application of nanochemicals in various
industries such as public health, cosmetics, innovation, environment, energy, and
transport helps to generate various products which have potential to enhance
the quality of life. It will create huge prospects of market growth
during the forecast period,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Nanochemicals Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Segmented
By Type (Polymer, Ceramic, Metallic, Others), By Application (Pharmaceuticals,
Cosmetics, Electrical & Electronics, Others), By Region and Competition, has evaluated the future
growth potential of Global Nanochemicals Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in Global Nanochemicals Market.”
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