The global nanochemicals market is expected to grow at a CAGR of 6.3% during 2016 - 2022. The major factors driving the growth of the global nanochemicals market include increasing use in variety of applications, including chemical warfare, bicycle manufacturing, armor design and military weapons. Nanochemicals are also being used and have growth potential in various industries such as agriculture, energy storage, healthcare automotive and others. The most commonly used and studied nanochemical is carbon nanotubes, that are used extensively in industry for applications such as stronger materials (stronger bicycles) and smart materials. Smart materials are specially designed materials whose property/properties can be modified with the use of an external stimulus like temperature, stress, pH, etc. These smart material include, shape memory materials, piezoelectric materials, ferrofluids, self-healing materials, etc. Applications include memory pillows, memory based solar panels for satellites, light sensitive glasses, etc.
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Specialized nanochemical materials are designed to perform a specific task or function. Applications include electronic equipment (high purity silicon and germanium), machine tools (high tungsten high carbon steel), dental filling (dental amalgam), etc.
The increasing research and developments in nano technology is opening new avenues for scientific assessment of nanochemicals benefits and risks, and an understanding of the potential EHS impacts of nanotechnology However, the toxic nature of these nanochemicals is restraining the growth of the market for nanochemicals market.
Among the various types, the metallic nanochemicals segment accounted for fastest growing segment in the global market in 2015 followed by polymer and ceramic type. Nanochemicals is already being used in numerous new kinds of batteries that are less flammable, quicker-charging, more efficient, lighter weight, and that have a higher power density and hold electrical charge longer. Nanochemicals application are also being used for epoxy containing carbon nanotubes that are used to make windmill blades that are longer, stronger, and lighter-weight than other blades to increase the amount of electricity that windmills can generate.
The information and data in the publication “Global Nanochemicals Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. Bottom-up and top down approach has been used to calculate the market size. P&S Intelligence analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
Some of the major players operating in the global Nanochemicals market include Advanced Nano Products Inc., Akzo Nobel, Bayer CropScience AG, BASF SE, E. I. Du Pont de Nemours and Company, ELANTAS Beck India Ltd., Huntsman Corporation, Rhodia S.A., The Dow Chemical Company, Sea Spray Aerosol, Inc. Graphene NanoChem Plc, and Nano Chemical Systems.
GLOBAL NANOCHEMICALS MARKET SEGMENTATION