The global nanomaterials market size is projected to be worth around at $43.1 billion by 2030, growing at a CAGR of 18.05 per cent from 2022 to 2030, according to Precedence Research. In 2021, the global nanomaterials market size was estimated at $9.68 billion.

Nanomaterials are referred to the nanometer scale like structures that has a minimum of one dimension of lesser than the hundred nanometers. Nanomaterials are categorised into one, two, and three dimensional. The zero dimensional nanomaterials are known as nanoparticles that are crystalline or amorphous and are available in various shapes and sizes.

The bulk nanomaterials are called the three dimensional nanomaterials and they consist of nanowire bundles, nanoparticle dispersions and nanotubes. Nanomaterials have a range of qualities like high strength, hardness, elasticity, electrical conductivity, medicament and automatic self-cleaning, chemical and scratch resistant that makes them progressively helpful during a wide selection of applications. Various medical devices, electronics, boats, aircrafts, and construction materials are some of the commercial applications of the nanomaterials.

On the basis of product, carbon nanotubes segment holds the largest market share globally and is anticipated to retain its dominance during the forecast period. On the basis of application, medical segment holds the largest share.

By region, Asia-Pacific holds the leading market share. However, North America is expected to be the fastest growing market. The rising utilisation of nanomaterials across different industry verticals such as electronics, medical instruments, automotive, and textiles sectors are significantly driving the growth of the market in terms of value sales.

In Central & South America market is expected to grow significantly owing to the rising focus of several multinational companies in the expansion of their businesses in the developing markets. Also, Brazil is known to be a frontrunner in R&D activities related to nanomaterials.

Rise in consumers’ disposable personal incomes, the personal care industry is booming which in turn is also likely to offer immense opportunities for the growth of the nanomaterials market during the forecast period in terms of value sales. Nanoparticles are being use into cosmetics as well as skin care products.

Some of the top players operating in this market are Strem Chemicals, American Elements, US Research Nanomaterials, Nanocomposix, Frontier Carbon, Nanoshel, SkySpring Nanomaterials, Nanophase Technologies Corp, Cytodiagnostics and Quantum Materials Corp.