Country-niche Players and Regional Players hold ~40% and ~30% of the market revenue share respectively Despite the Presence of about ~500 Competitors, finds a Recent Market Study on the Global Nanomaterials Market.
Nanomaterials are materials that have at least one external dimension that lies between 1-100 nanometers or internal structures that measure 100 nanometers or less. These can occur naturally or be formed by combustion reactions through nanotechnology to be used for a particular purpose. These can be in the form of fibers, particles, tubes, or rods. The properties of the bulk form of nanomaterials can be different from that of the individual nanomaterials that are used to form them. Due to their properties such as electrical conductivity, hardness, elasticity, high strength, and chemical resistance, the application of nanomaterials is on the rise in the healthcare, automotive, electronics, and chemicals industries among others.
Ken Research shares 3 key insights on this high-opportunity market from its latest research study.
- Country-niche Players Hold Around 45%, Followed by Regional Players Holding ~30% of the Market Revenue Share
A comprehensive competitive analysis conducted during the Research Study found that the Global Nanomaterials Market is competitive with ~500 players which include globally diversified players, and regional players, as well as a large number of country-niche players.
According to the research, the Country-niche Players held the dominant position in the market in 2021, in terms of market revenue share with about ~40% followed by regional players which account for ~30% of the market share.
- Players are Increasingly Investing in the Nanomaterials Industry which is Promoting Market Growth
To increase their position in the market, competitors have implemented a variety of organic and inorganic growth techniques. To expand their regional footprint and improve their product offering, these top players used mergers and acquisitions, new product development, and partnerships to address the rising demand for nanomaterials.
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- In March 2021, Cabot Corporation launched the ENERMAX 6 series of carbon nanotubes (CNTs). The ENERMAX™ 6 was said to be capable of enhancing the performance of the battery at lower loadings which resulted in higher energy density of the battery.
- Increased Adoption of Nanomaterials in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins
- In April 2020, Cabot Corporation completed its acquisition of Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN) which was a big carbon monotube manufacturer in China. With this acquisition, Cabot aimed to strengthen its position in the formulation capabilities of the batteries market as China’s electric vehicle market is the largest in the world.
- In May 2020, nanoComposix signed an agreement with an Indian company, Amplicon Biotech to make its nanoparticle products available to a wider range of customers. The company aimed to conjugate its nanoparticles with the lateral flow diagnostic technologies that were being developed by the clients of Amplicon Biotech.
Key Topics Covered in the Report: –
Snapshot of the Global Nanomaterials Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Nanomaterials Market
Historic Growth of the Overall Global Nanomaterials Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Nanomaterials Market
Overview, Product Offerings, and SWOT Analysis of Key Competitors
COVID-19 Impact on the Overall Global Nanomaterials Market
Future Market Forecast and Growth Rates of the Total Global Nanomaterials Market and by Segments
Market Size of Fiber Type / End User Segments with Historical CAGR and Future Forecasts
Analysis of the Nanomaterials Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region
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Major Players Mentioned in the report
Arkema
Strem
BASF SE
American Elements
Evonik AG
US Research Nanomaterials, Inc.
nanoComposix
Frontier Carbon Corporation
Quantum Materials Corp.
Cytodiagnostics Inc.
Cabot Corporation
Notable Emerging Companies Mentioned in the Report
Log9 Materials
StoreDot
A123 Systems LLC
GegaDyne Energy Labs Pvt Ltd.
Nanoramic® Laboratories
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
Nanomaterials Manufacturers
Nanomaterials Suppliers
Raw Materials Suppliers for Nanomaterials Industry
Chemical Companies
Specialty Material Companies
Investors and Venture Capitalists in the Nanomaterials Industry
Market Research & Consulting Firms
Start-ups & Incumbents in Nanomaterials Industry
Company Research and Development Institutes
Government & Regulatory Authorities
Nanotechnology Companies
Time Period Captured in the Report
Historical Period: 2017-2021
Forecast Period: 2022E-2028F
For more insights on the market intelligence, refer to the link below: –