Nanomaterial market is anticipated to grow at a CAGR of 14.4% during the forecast period (2024–2031). The major factors contributing to the market growth include the advancement of nonmaterial technology across industries such as healthcare, electronics, automotive, and others. For instance, in September 2023, Evonik expanded its parenteral drug delivery solution portfolio with three new standard PLA-PEG di-block copolymers and a new nanoparticle formulation service utilizing sonication technology. The copolymers (RESOMER RP d) are well suited for nanoparticle synthesis and can be used in a variety of parenteral drug delivery applications, including controlled and sustained-release medication solutions. Nanosonication is a new process developed by Evonik to overcome process challenges and enable cGMP production of nanoparticles for drug delivery, which RESOMER® RP d polymers are ideal for.
Browse the full report description of “Nanomaterials Market Size, Share & Trends Analysis Report by Material Type (Carbon-Based, Metal Based, Dendrimers-Based, and Composite Segments), by End-User (Transportation, Electrical & Electronics, Healthcare, Construction & Coatings, Packaging, Consumer Goods, and Energy), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/nanomaterials-market
Moreover, the market has recorded several investments, collaborations, and partnerships for the development of novel nanotechnology and related processes. For instance, in August 2023, Nanoramic Laboratories (Nanoramic) announced that GM Ventures, General Motors Co.'s venture capital arm, had made a strategic investment in Nanoramic, a leader in energy storage and advanced materials. The partnership focuses on the combined development and deployment of Nanoramic's proprietary Neocarbonix at the Core electrode technology for EV lithium-ion batteries, to lower EV battery cost, improve efficiency, and increase sustainability. Neocarbonix at the core is an electrode technology platform for cathode and anode designed for high-throughput manufacturing free of N-methyl-2-pyrrolidone (NMP) solvent, enabling batteries with a lower cost per kilowatt-hour (kWh) and excellent performance.
Market Coverage
• The market number available for 2023-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By Material Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape: BASF, Merck KGaA, Evonik Industries AG, LANXESS Corp., and Arkema Group.
Key questions addressed by the report
Global Nanomaterial Market Report Segment
By Material Type
By End-User Industry
Global Nanomaterial Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Italy
· Spain
· France
· Rest of Europe
Asia-Pacific
· China
· India
· Japan
· South Korea
· Rest of Asia-Pacific
Rest of the World
· Latin America
· Middle East and Africa
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