Nanochemicals Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Polymer, Ceramic, Metallic, Others), By Application (Pharmaceuticals, Cosmetics, Electrical & Electronics, Others), By Region and Competition

  • Industry : Chemicals
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 5.97 billion

CAGR (2023-2028)

6.53%

Fastest Growing Segment

Pharmaceuticals

Largest Market

North America

Global Nanochemicals market is anticipated to grow significantly through 2028, due to the increasing demand from pharmaceuticals sector. In 2018, the India pharmaceutical market was around USD 18 billion.

Global Nanochemicals market is expected to expand during the projected period due to increasing demand from the pharmaceutical sector as it help to provide advanced drug delivery systems that can target specific cells and tissues. Moreover, nanochemicals are used to produce carbon nanomaterials such as carbon nanotubes (CNT), fullerenes, and graphene which are in demand due to their extraordinary electrical & mechanical properties. In addition, growing applications of these chemicals for producing agrochemicals and cosmetics products further propel the market growth over the forecast period.

Furthermore, several companies and research organizations are investing in the development of new types of nanomaterials and their applications in various industries which further propel the market growth.

For Instance, researchers at the National University of Singapore have developed a new type of nanomaterial called "nanogold," which is made of tiny gold particles that are 50 times thinner than a human hair and has unique optical properties that could be used in applications such as biomedical imaging and drug delivery.

Growing Demand from Pharmaceuticals Sector

The use of various nanomaterials, including fullerenes, dendrimers, and polymer carriers, to transport medication molecules to specific locations within the body is boosting the need for these materials in the industry. Increased usage of these materials in the production of numerous medications are further propelling the market growth.

Additionally, by shrinking the size of different medication molecules, nanotechnology-enabled drug delivery has opened profitable potential in the pharmaceutical industry and has improved bioavailability, solubility, and reduced drug toxicity. These applications have expanded beyond medication delivery to include the creation of important drug and medical device formulations with controlled release, which is driving up demand in the industry. Thus, nano-enabled drug delivery help drugs to permeate through cell walls, which is important for the increase in demand for genetic medicines.

For instance, in 2019, a biotech company, Monsanto India, and Bayer announced their merger. With the aid of these two complimentary businesses coming together, consumers would benefit from cutting-edge products.

Therefore, increasing demand for the nanochemicals from the pharmaceutical sector leads to the growth of Global Nanochemicals market in the upcoming years.

Additionally, nanochemicals are used in the food industry for benefits such as improved texture, flavor, and nutritional value. Nano emulsions can be used as delivery vehicles for fat-soluble vitamins, which can improve their absorption and bioavailability in the body. Similarly, nano-sized particles of calcium and iron can be added to food products to improve their nutritional value. Moreover, nanochemicals are also being used to enhance food packaging materials which help to prevent the growth of harmful bacteria and to maintain the freshness of food products.

For instance, Honeywell International has developed a mixture of nylon 6-nanoclay composite (Aegis OXCE) with additional oxygen scavenger property which is ideal for packaging of beer and flavored alcoholic beverages.

Thus, increasing demand of nanochemicals from the food & beverage industry led the market growth in the projected years.

Increasing Demand from Electrical & Electronics Sector

The study of nanoscale systems' electrical and magnetic characteristics is known as nanoelectronics. An important technique that makes use of nanofabrication technology is nanochemicals. The electrical and electronics sector is projected to use these compounds more frequently to create novel materials and products with cutting-edge functionality and high performance. Recent advances in nanomaterials include new methods for creating integrated circuits using transistors made of carbon nanotubes, allowing for transistors with the smallest possible size of a few nanometers.

Moreover, chemical-based products with several phases are more in demand as they speed up reactions and generate more products, overall. The demand for these materials will also increase due to their expanding uses in the manufacturing of agricultural chemicals, multifunction coatings with improved durability, and self-cleaning properties. As technology advances and governmental regulations on their production combine with the expanding use of nanotechnology in the chemical industry and new applications of these materials in catalyst design, it is anticipated that industry participants will benefit greatly from increased growth opportunities.

For instance, BASF and KIT jointly developed integrated processes to produce nanostructured functional materials.

Additionally, nanochemicals has wide applications in the cosmetic industry due to their unique features, as well as the advantages of nanoscale ingredients compared to non-nanoscale products. Nanochemicals have a high surface area-to-volume ratio, which makes them highly effective at delivering active ingredients to the skin. They can also penetrate deeper into the skin, providing better results than traditional cosmetics. Nanochemicals improve the stability and efficacy of active ingredients. Though vitamin C is an essential ingredient in many skincare products due to its antioxidant properties, it can be unstable and degrade quickly when exposed to air and light. However, when encapsulated in nano-sized particles, the stability and efficacy of vitamin C can be improved, allowing it to penetrate deeper into the skin and provide longer-lasting benefits. Nanochemicals also be used to create products with improved texture, viscosity, and spread ability, making them more appealing to consumers.

For instance, L’Oréal’s group use nanochemicals to increase the level of sun protection and avoid white marks on skin (by nano titanium dioxide & nano zinc oxide), deliver the best product texture and provide a matte finish on skin (by nano silica), and increase the black intensity in mascara (by nano carbon black).

Furthermore, for instance, Tata Chemicals has developed nano zinc oxide (nZnO) that offers improved anti-fungal, anti-microbial, and UV blocking properties for cosmetic applications.

All these factors drive the growth of Global Nanochemicals market in the forecast period.



Polymer Will be the Key Type

Polymer type nanochemicals with size range of 1-1000 nm, has several benefits, including the potential to be used for controlled drug release in the body, the capacity to shield drugs and other molecules from the biological environment, and enhanced bioavailability and therapeutic index of drug molecules. Companies spending in R&D operations in the field of nanotechnology, which has increased the domain size, such as fuel cell polymer bound catalyst, polymer based biomaterials, self-adhesives polymer films and polymer matrix-based nanocomposites which have wide uses in various applications, resulting in the increase in the demand for polymer based nanochemicals.

For instance, Toyota uses polymer nanocomposites in an automotive timing belt cover application.

Thus, increasing demand for polymer based nanochemicals results in the growth of Global Nanochemicals market during the projected period.

However, nanochemicals are known to have unique physical and chemical properties that can pose a risk to human health and the environment. The most important effects of nanochemicals have been found in the lungs and include among others inflammation and tissue damage, fibrosis, and tumor generation. The cardiovascular system may also be affected as nanochemicals may enter the bloodstream from the lungs and translocate to other organs, including the brain. The translocation of inhaled nanochemicals causes them to retain around the respiratory tract regions through diffusional mechanisms, resulting in further medical complications. The inhalation risk is affected by the dustiness of the nano material and the tendency of particles to become airborne in response to a stimulus which restrain the growth of market. Moreover, small size with high surface area and fast reaction mechanism makes it more unstable which results in increasing participation in many biological reactions which had harmful effect on human and environment. The small size of these nanochemicals allows them to pass through different biological barriers and settle in tissues like the central nervous system which affect the nervous system of humans. In addition, the production of nanochemicals involves the use of expensive equipment and specialized manufacturing processes, which increases the cost of production. As a result, the price of nanochemicals is often higher than that of traditional chemicals, which can limit their adoption in various industries which further slowdown the market growth.

Recent Developments

  • In February 2023, Scientist at Chalmers University of Technology produced new methods to reveal nano-scale drug molecules in cells.
  • Zydex Industries develop Nanotechnology solutions for durable roads in January 2023.
  • Coval Technologies produced its first batch of nanotechnology coatings in its Singapore production facility in October 2022.
  • In September 2022, Vikas Ecotech signed an MoU with Aurapha Private Limited to start a new plant using nano Calcium Carbonate blended in a conjugated polymer matrix for corrosion protection and a process for the preparation thereof.


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Market Segmentation

Global Nanochemicals Market is segmented based on type, application, and region. Based on the type, the market is fabricated into polymer, ceramic, metallic, and others. Based on application, the market is categorized into pharmaceuticals, cosmetics, electrical & electronics, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa, By Company.

Company Profiles

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. are some of the key players of Global Nanochemicals Market.

 

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Type

Application

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Vietnam, Brazil, Argentina, South Africa, Saudi Arabia, UAE

Key companies profiled

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., AdNano Technologies Pvt Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Global Nanochemicals market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Nanochemicals Market, By Type:
    • Polymer
    • Ceramic
    • Metallic
    • Others
  • Nanochemicals Market, By Application:
    • Pharmaceuticals
    • Cosmetics
    • Electrical & Electronics
    • Others
  • Nanochemicals Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Vietnam
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies in the global Nanochemicals market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Nanochemicals Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected].

Table of content

  1. 1.    Product Overview

    1.1.  Market Definition

    1.2.  Scope of the Market

    1.2.1.    Markets Covered

    1.2.2.    Years Considered for Study

    1.2.3.    Key Market Segmentations

    2.    Research Methodology

    2.1.  Objective of the Study

    2.2.  Baseline Methodology

    2.3.  Key Industry Partners

    2.4.  Major Association and Secondary Sources

    2.5.  Forecasting Methodology

    2.6.  Data Triangulation & Validation

    2.7.  Assumptions and Limitations

    3.    Executive Summary

    3.1.  Overview of the Market

    3.2.  Overview of Key Market Segmentations

    3.3.  Overview of Key Market Players

    3.4.  Overview of Key Regions/Countries

    3.5.  Overview of Market Drivers, Challenges, Trends

    4.    Voice of Customer

    5.    Global Nanochemicals Market Outlook

    5.1.  Market Size & Forecast

    5.1.1.    By Value & Volume

    5.2.  Market Share & Forecast

    5.2.1.    By Type (Polymer, Ceramic, Metallic, Others)

    5.2.2.    By Application (Pharmaceuticals, Cosmetics, Electrical & Electronics, Others)

    5.2.3.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

    5.2.4.    By Company (2022)

    5.3.  Market Map

    5.3.1.    By Type

    5.3.2.    By Application

    5.3.3.    By Region

    6.    North America Nanochemicals Market Outlook

    6.1.  Market Size & Forecast       

    6.1.1.    By Value & Volume

    6.2.  Market Share & Forecast

    6.2.1.    By Type

    6.2.2.    By Application

    6.2.3.    By Country

    6.3.  Pricing Analysis

    6.4.  North America: Country Analysis

    6.4.1.    United States Nanochemicals Market Outlook

    6.4.1.1.        Market Size & Forecast

    6.4.1.1.1.           By Value & Volume

    6.4.1.2.        Market Share & Forecast

    6.4.1.2.1.           By Type

    6.4.1.2.2.           By Application

    6.4.2.    Mexico Nanochemicals Market Outlook

    6.4.2.1.        Market Size & Forecast

    6.4.2.1.1.           By Value & Volume

    6.4.2.2.        Market Share & Forecast

    6.4.2.2.1.           By Type

    6.4.2.2.2.           By Application

    6.4.3.    Canada Nanochemicals Market Outlook

    6.4.3.1.        Market Size & Forecast

    6.4.3.1.1.           By Value & Volume

    6.4.3.2.        Market Share & Forecast

    6.4.3.2.1.           By Type

    6.4.3.2.2.           By Application

    7.    Europe Nanochemicals Market Outlook

    7.1.  Market Size & Forecast       

    7.1.1.    By Value & Volume

    7.2.  Market Share & Forecast

    7.2.1.    By Type

    7.2.2.    By Application

    7.2.3.    By Country

    7.3.  Pricing Analysis

    7.4.  Europe: Country Analysis

    7.4.1.    France Nanochemicals Market Outlook

    7.4.1.1.        Market Size & Forecast

    7.4.1.1.1.           By Value & Volume

    7.4.1.2.        Market Share & Forecast

    7.4.1.2.1.           By Type

    7.4.1.2.2.           By Application

    7.4.2.    Germany Nanochemicals Market Outlook

    7.4.2.1.        Market Size & Forecast

    7.4.2.1.1.           By Value & Volume

    7.4.2.2.        Market Share & Forecast

    7.4.2.2.1.           By Type

    7.4.2.2.2.           By Application

    7.4.3.    United Kingdom Nanochemicals Market Outlook

    7.4.3.1.        Market Size & Forecast

    7.4.3.1.1.           By Value & Volume

    7.4.3.2.        Market Share & Forecast

    7.4.3.2.1.           By Type

    7.4.3.2.2.           By Application

    7.4.4.    Spain Nanochemicals Market Outlook

    7.4.4.1.        Market Size & Forecast

    7.4.4.1.1.           By Value & Volume

    7.4.4.2.        Market Share & Forecast

    7.4.4.2.1.           By Type

    7.4.4.2.2.           By Application

    7.4.5.    Italy Nanochemicals Market Outlook

    7.4.5.1.        Market Size & Forecast

    7.4.5.1.1.           By Value & Volume

    7.4.5.2.        Market Share & Forecast

    7.4.5.2.1.           By Type

    7.4.5.2.2.           By Application

    8.    Asia-Pacific Nanochemicals Market Outlook

    8.1.  Market Size & Forecast       

    8.1.1.    By Value & Volume

    8.2.  Market Share & Forecast

    8.2.1.    By Type

    8.2.2.    By Application

    8.2.3.    By Country

    8.3.  Pricing Analysis

    8.4.  Asia-Pacific: Country Analysis

    8.4.1.    China Nanochemicals Market Outlook

    8.4.1.1.        Market Size & Forecast

    8.4.1.1.1.           By Value & Volume

    8.4.1.2.        Market Share & Forecast

    8.4.1.2.1.           By Type

    8.4.1.2.2.           By Application

    8.4.2.    India Nanochemicals Market Outlook

    8.4.2.1.        Market Size & Forecast

    8.4.2.1.1.           By Value & Volume

    8.4.2.2.        Market Share & Forecast

    8.4.2.2.1.           By Type

    8.4.2.2.2.           By Application

    8.4.3.    South Korea Nanochemicals Market Outlook

    8.4.3.1.        Market Size & Forecast

    8.4.3.1.1.           By Value & Volume

    8.4.3.2.        Market Share & Forecast

    8.4.3.2.1.           By Type

    8.4.3.2.2.           By Application

    8.4.4.    Japan Nanochemicals Market Outlook

    8.4.4.1.        Market Size & Forecast

    8.4.4.1.1.           By Value & Volume

    8.4.4.2.        Market Share & Forecast

    8.4.4.2.1.           By Type

    8.4.4.2.2.           By Application

    8.4.5.    Vietnam Nanochemicals Market Outlook

    8.4.5.1.        Market Size & Forecast

    8.4.5.1.1.           By Value & Volume

    8.4.5.2.        Market Share & Forecast

    8.4.5.2.1.           By Type

    8.4.5.2.2.           By Application

    9.    South America Nanochemicals Market Outlook

    9.1.  Market Size & Forecast       

    9.1.1.    By Value & Volume

    9.2.  Market Share & Forecast

    9.2.1.    By Type

    9.2.2.    By Application

    9.2.3.    By Country

    9.3.  Pricing Analysis

    9.4.  South America: Country Analysis

    9.4.1.    Brazil Nanochemicals Market Outlook

    9.4.1.1.        Market Size & Forecast

    9.4.1.1.1.           By Value & Volume

    9.4.1.2.        Market Share & Forecast

    9.4.1.2.1.           By Type

    9.4.1.2.2.           By Application

    9.4.2.    Argentina Nanochemicals Market Outlook

    9.4.2.1.        Market Size & Forecast

    9.4.2.1.1.           By Value & Volume

    9.4.2.2.        Market Share & Forecast

    9.4.2.2.1.           By Type

    9.4.2.2.2.           By Application

    10. Middle East and Africa Nanochemicals Market Outlook

    10.1.             Market Size & Forecast        

    10.1.1. By Value & Volume

    10.2.             Market Share & Forecast

    10.2.1. By Type

    10.2.2. By Application

    10.2.3. By Country

    10.3.             Pricing Analysis

    10.4.             MEA: Country Analysis

    10.4.1. South Africa Nanochemicals Market Outlook

    10.4.1.1.     Market Size & Forecast

    10.4.1.1.1.         By Value & Volume

    10.4.1.2.     Market Share & Forecast

    10.4.1.2.1.         By Type

    10.4.1.2.2.         By Application

    10.4.2. Saudi Arabia Nanochemicals Market Outlook

    10.4.2.1.     Market Size & Forecast

    10.4.2.1.1.         By Value & Volume

    10.4.2.2.     Market Share & Forecast

    10.4.2.2.1.         By Type

    10.4.2.2.2.         By Application

    10.4.3. UAE Nanochemicals Market Outlook

    10.4.3.1.     Market Size & Forecast

    10.4.3.1.1.         By Value & Volume

    10.4.3.2.     Market Share & Forecast

    10.4.3.2.1.         By Type

    10.4.3.2.2.         By Application

    11. Market Dynamics

    11.1.             Drivers

    11.1.1. Rising demand from Electrical & Electronics Sector

    11.1.2. Increasing demand from Pharmaceuticals Sector

    11.1.3. Raising demand from Construction Sector

    11.2.             Challenges

    11.2.1. Small size and fast reaction mechanism make it more unstable

    11.2.2. Rising environmental issues due to the harmfulness

    12. Market Trends & Developments

    12.1.             Product Launches

    12.2.             Merger’s & Acquisitions

    12.3.             Technological Advancements

    13. Global Nanochemicals Market: SWOT Analysis

    14. Porter’s Five Forces Analysis

    14.1.             Competition in the Industry

    14.2.             Potential of New Entrants

    14.3.             Power of Suppliers

    14.4.             Power of Customers

    14.5.             Threat of Substitute Products

    15. Competitive Landscape

    15.1.             Business Overview

    15.2.             Product Offerings

    15.3.             Recent Developments

    15.4.             Financials (In Case of Listed Companies)

    15.5.             Key Personnel

    15.6.             SWOT Analysis

    15.6.1. Alfa Chemical Co., Ltd.

    15.6.2. BASF SE

    15.6.3. DuPont de Nemours, Inc.

    15.6.4. Merck KGaA

    15.6.5. Central Drug House (P) Ltd.

    15.6.6. Advanced Nano Products Co., Ltd.

    15.6.7. Evonik Industries AG

    15.6.8. Pan-Continental Chemical Co., Ltd.

    15.6.9. US Research Nanomaterials, Inc.

    15.6.10.              AdNano Technologies Pvt Ltd.

    16. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Increasing use of medicines led to rise in the demand of naochemicals.

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Increasing demand from construction, pharmaceuticals, semiconductor and IC process, mining, and water treatment industry are the major drivers of the Global Nanochemicals Market.

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North America region is expected to hold the largest market share over the next five years with a presence of large number of pharmaceutical and biotechnology companies.

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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. are some of the key players of Global Nanochemicals Market.

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Nanochemicals Market to be Dominated by Pharmaceutical Sector Through 2028

Jun, 2023

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.

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