Global Nanotechnology Market Set to Reach $183.7 Billion by 2028: A Promising CAGR of 22% Driven by Innovation and Diverse Applications

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Nov 03, 2023, 13:30 ET

DUBLIN, Nov. 3, 2023 /PRNewswire/ -- The "Global Nanotechnology Market" report has been added to ResearchAndMarkets.com's offering.

The global nanotechnology market is on an upward trajectory, poised to reach a staggering $183.7 billion by 2028, up from $68 billion in 2023, representing an impressive compound annual growth rate (CAGR) of 22%.

This exciting development is explored in a comprehensive report that delves into the dynamic nanotechnology industry, offering definitive insights into the market's past, present, and future.

The report provides in-depth estimates and forecasts for the global nanotechnology market, analyzing segments including nanosensors, nanodevices, nanomaterials, nanotools, nanoclays, nanomagnetics, and nanoceramic products. Furthermore, it categorizes end users, such as electronics and semiconductors, healthcare and pharmaceuticals, energy, military and defense, transportation, industrial, and others.

Nanotechnology, primarily operating on the nanoscale, holds immense potential in various sectors. It is expected to significantly impact artificial intelligence, big data, the Internet of Things (IoT), gene editing, and additive manufacturing (3D printing). In a recent breakthrough, the Massachusetts Institute of Technology (MIT) developed 2D artificial molecules that outperform steel in strength.

This burgeoning industry has also made notable contributions to environmental monitoring, measurement, and management of contaminants. The U.S. Environmental Protection Agency (EPA) is actively researching nanotechnology's benefits, and the U.S. National Nanotechnology Initiative, involving 20 federal agencies, has invested over $25 billion in nanotechnology research and development.

While nanotechnology holds immense promise, ethical concerns and potential environmental impacts are subjects of debate. Balancing innovation with safety and responsible development remains a crucial challenge for market players.

North America is at the forefront of the nanotechnology market, holding a dominant 38.1% share in 2022. This is driven by substantial R&D investments, a concentration of key market players, and robust support from government agencies like the National Science Foundation (NSF), the National Institutes of Health (NIH), and the Department of Energy (DOE).

The nanotechnology industry is marked by fierce competition, leading to product differentiation, cost reduction, and constant innovation. Companies are expanding through acquisitions, capacity increases, and technical collaborations.

Companies Mentioned

3M Co.
Acs Material LLC
Advanced Nano Products Co. Ltd.
Altairnano
Ansell Ltd.
Asahi Kasei Corp.
Aspen Aerogels Inc.
Bruker Corp.
Cnano Technology Co. Ltd. (Jiangsu Cnano)
Espin Technologies Inc.
Forge Nano
Fortis Life Sciences
Hyperion Catalysis International Inc.
Imina Technologies Sa
Integran Technologies
Kleindiek Nanotechnik GmbH
Mach I Inc.
Nanocyl Sa
Nano Magic LLC
Nanonics Imaging Ltd.
Nanophase Technologies Corp.
Nanoseedz Ltd.
Nano Tech Co. Ltd.
Nei Corp.
Sanofi
Thermo Fisher Scientific Inc.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

Chapter 4 Market Dynamics

Market Drivers
Rising Investments by Public and Private Organizations
Growth of Nanotechnology in the Healthcare Industry
Increasing Utilization of Flexible and Stretchable Electronics
Growth in Telecommunication and It Infrastructure
Increasing Need for Energy Security
Rising Adoption of Nanotechnology in the Agriculture Sector
Rising Adoption of Nanotechnology in Aerospace and Defense
Reaching Cost Reduction and Scalability
Market Challenges and Restraints
Potential Danger to Humans and the Environment
Higher Cost of Technology
Intellectual Property and Patent Issues
Market Opportunities
Increasing Use of Nanotechnology in Building Materials
Technological Advancement in Nanotech Devices
Potential Use of Nanofibers in Food Applications
Potential Use of Nanotechnology in Automotive
Growing Use of Titanium Nanoparticles
Value Chain Analysis
Impact of the Russian-Ukrainian War on the Market for Nanotechnology

Chapter 5 Global Market for Nanotechnology by Type

Chapter 6 Global Market for Nanotechnology by End Use

Chapter 7 Global Market for Nanotechnology by Region

Chapter 8 Sustainability in the Nanotechnology Industry: An Environmental, Social and Governance Perspective

Chapter 9 Emerging Technologies and Developments

Chapter 10 Patent Analysis

Chapter 11 Competitive Intelligence

Chapter 12 Company Profiles

Chapter 13 Appendix: Acronyms

For more information about this report visit https://www.researchandmarkets.com/r/2bx9v5

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