Global Nanotechnology Market to Reach $70.7 Billion by 2026

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May 20, 2021, 11:42 ET

SAN FRANCISCO, May 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Nanotechnology - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 15; Released: March 2021
Executive Engagements: 40203
Companies: 1609– Players covered include Advanced Diamond Technologies, Inc.; Advanced Nano Products Co., Limited; Altair Nanotechnologies Inc.; Bruker Corporation; Chemat Technology Inc.; ELITech Group; eSpin Technologies, Inc.; Hanwha Solutions/Chemical Corporation; Hybrid Plastics Inc.; Integran Technologies, Inc.; Nanocyl S.A.; NanoMaterials Ltd.; Nanosys, Inc.; Rogue Valley Microdevices, Inc.; Shenzhen Nanotech Port Co., Ltd.; Starpharma Holdings Limited and Others.
Coverage: All major geographies and key segments
Segments: Segment (Nanocomposites, Nanomaterials, Nanotools, Other Segments); End-Use (Electronics & Semiconductor, Healthcare, Biotechnology, Food, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

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ABSTRACT-

Global Nanotechnology Market to Reach $70.7 Billion by 2026
Nanotechnology deals with the ability to see, understand, measure, predict, produce or control matter at nanoscale (below 100 nanometers). The realm of nanotechnology lies between 0.1 and 100 nanometers, wherein a nanometer is defined as one thousandth of a micron. As a versatile technology with widespread applications in a wide range of end-use sectors, nanotechnology is currently facing a mixed bag of challenges and opportunities as the COVID-19 pandemic continues to spread across the globe. With the world fighting its biggest public health crisis in history, nanotechnology healthcare applications are storming into the spotlight led by the focus on nano intervention in terms of designing effective ways to identify, diagnose, treat and eliminate the spread of COVID-19 infections. Their role as nanocarriers has potential to design risk-free and effective immunization strategies. In the post COVID-19 period, use of nanotechnology solutions in the production of a multitude of devices & products will continue to grow.

Amid the COVID-19 crisis, the global market for Nanotechnology estimated at US$42.2 Billion in the year 2020, is projected to reach a revised size of US$70.7 Billion by 2026, growing at a CAGR of 9.2% over the analysis period. Nanocomposites, one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$35.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Nanomaterials segment is readjusted to a revised 10.1% CAGR for the next 7-year period. Electronics remains one of the fastest growing end-use markets for nanocomposites driving robust gains in the market. Semiconductors is also benefiting from the electrically conductive properties of polymer nanocomposites. Besides electronics and electrical, nanocomposites also serves several other end-use markets including building & construction, automotive, IT, energy, and packaging where they have several commercialized and potential applications. Nanomaterials play an important role in the field of medicine by providing solutions for prophylactics, diagnostics and treatment of various medical conditions.

The U.S. Market is Estimated at $13.2 Billion in 2021, While China is Forecast to Reach $5.1 Billion by 2026
The Nanotechnology market in the U.S. is estimated at US$13.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2026 trailing a CAGR of 11.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 9.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.

Nanotools Segment to Reach $7.7 Billion by 2026
In the global Nanotools segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.1 Billion in the year 2020 will reach a projected size of US$6.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1 Billion by the year 2026. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

LINKS
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https://www.strategyr.com/market-report-nanotechnology-forecasts-global-industry-analysts-inc.asp