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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