Global Smart Nanomaterial Market to witness a CAGR of 67.3% during 2019-2025
NEW YORK, May 15, 2019 (GLOBE NEWSWIRE) -- The demand for Smart Nanomaterial market is projected to reach 3,210.0 million USD by 2025, actuating at an estimated CAGR of 67.3% from 2019 to 2025. Smart nanomaterials have gained importance as an important subject of research and development since their acknowledgement. Given the uniqueness they provide, Smart nanomaterial offers exciting and broad prospect to modern scientific research. Increasing impact of nanotechnology across various industrial sectors and the use of nanoparticles, from paints, automotive, consumer products to biology and medicine have prompted the development of specialized intelligent nanomaterial providing thrust to the smart nanomaterial market. Smart nanomaterial can respond to external stimuli or their environment making them high prospect material to be used in many areas, including display technologies, self-healing materials for coating applications, drug delivery among other. Owing to small size and novel electronic, mechanical and optical properties, smart nanomaterial exhibit superior performance over other classical macromaterials.
Key findings from the report:
• The global Smart Nanomaterial market is expected to reach 3,210.0 USD million by 2025 at a CAGR of 67.3%
• Based on Application:
o Application of smart nanomaterial in drug delivery is expected to exhibit highest CAGR over the forecast period
• Based on End-Use:
o Usage of smart nanomaterial in Pharmaceuticals medium is accounted to hold majority share of the market
• Based on Region
o North America held the majority of the share of the global market in 2018. Asia-Pacific is expected to exhibit high CAGR over the forecast period
• Some of the key companies operating in the market include ABBOTT LABORATORIES, ADVANCED NANO PRODUCTS COMPANY LIMITED, AKZO NOBEL, BASF, Bayer AG, Altair Nanotechnologies Inc., Almatis GmbH, Quantum Dot Corp. among others
Smart Nanomaterial : Next generation pharma material
The rapid pace of advancements in the field of nanotechnology has led to innovations in pharmaceuticals industries, where further research is being carried out for the development of more advance material for various disease diagnoses. The smart nanomaterial are biomimetic with unique properties holds high potential to be used in drug delivery and self-healing diagnostic. Most of the research on smart nanomaterial in the pharmaceutical analysis is limited to lab scale. However, research on a commercial scale is being carried out by many companies or in collaboration. Given the developments, smart nanomaterial is expected to be material of choice and would play a major role in next-generation pharmaceutical technologies and devices. Apart from industry players, many big players from other industry are keen to invest in the technology to gain profit potential of nanoscale materials over the coming years.
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North America represented the largest Smart Nanomaterial market across the globe in 2018. U.S. is at the forefront in the region due to presence of major global players in the region. Given the technological advancements in the region, industry players investing significantly in R&D, along with government authorities to find commercial applications of smart nanomaterials. This in turn has propelled the growth of the Smart Nanomaterial market in the North American region. The Smart Nanomaterials market in Europe has expanded, owing to technologically advance infrastructure required to develop and commercialize these smart nanomaterials. Asia-Pacific is expected to be the prominent region with rapid industrialization activities aiding to the greater demand of Smart material across various end user industries.
The report segments global Smart Nanomaterial market on the basis of application, type, End-Use and region.
Smart Nanomaterial Market, By Application
-- Display Technology -- Drug Delivery -- Coating and nanofilms -- Monitoring & biosensing -- Water Treatment -- Others
Smart Nanomaterial Market, By Type
-- Carbon-based -- Metal Based -- Poylmeric -- Others
Smart Nanomaterial Market, By End-Use
-- Pharmaceuticals o Electrochemical Analysis o Separation Analysis o Clinical Analysis o Spectroscopic Analysis o Others -- Automotive -- Construction -- Opto electronics -- Energy -- Consumer Goods -- Environmental -- Others
Smart Nanomaterial Market, By Region
-- North America -- Europe -- Asia-Pacific -- Rest of World (RoW) o Central and South America (CSA) o Middle-East Africa (MEA)
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