A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Nanochemicals
Market. The
study, titled “Nanochemicals
Market: Global Industry Analysis, Size, Share, Trends and Forecast
2016 - 2023”,
is available for sale on the firm’s website.
Chemicals
generated by using nanotechnology on conventional chemical building
blocks such as ethane, propane, and butane are called nanochemicals.
Nanochemicals exhibit beneficial properties such as self-catalysis
and anti-corrosion as compared to other conventional chemicals. These
chemicals carry out chemical reactions in less time.
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Nanochemicals
are segmented based on end-user applications into construction
chemicals, semiconductors and IC process chemicals, mining chemicals,
rubber chemicals, pesticides, printing ink, plastic additives,
pigments, specialty polymers, and water treatment. Zinc oxide and
titanium dioxide are among the chemicals that are widely used in
semiconductors and IC process chemicals. Growth in the electronic
sector is expected to boost demand for these chemicals in the near
future. Carbon nanotube, graphene, and fullerenes have gained wide
applications due to their distinct mechanical and electrical
properties. Carbon nanotubes are primarily used in the bicycle
manufacturing industry as the material produced is very dense and
lightweight. Increased awareness regarding pollution-free environment
and enhanced focus on health and fitness are key factors fueling
demand for bicycles. This, in turn, would result in rising demand for
carbon nanotubes in the near future. Printing ink is produced by
titanium dioxide pigments due to its properties such as brightness
and high refractive index. Nanochemicals are used in the manufacture
of nano-sized ceramic ink, which gives high color strength to
ceramics in different applications.
Global
increase in demand for nano chemical-based products is due to factors
such as enhancement of multiphase chemical reaction and maximum
product yield. These factors have driven demand for nanochemicals
globally, thus acting as chief driver for the nanochemicals market.
In addition increase in applications of nanochemicals in sectors such
as agrochemicals, manufacturing and multifunctional coating are
expected to further propel the demand for nanochemicals globally.
Development in nano chemistry would lead to increase in application
of nanochemicals. This, in turn, is anticipated to propel demand for
nanochemicals in the next few years. Restraining governmental
regulations regarding the manufacture of chemicals is estimated to
offer high growth opportunities to the nanochemicals market in the
next few years.
The
global nanochemicals market is segmented based on regions into North
America, Europe, Asia Pacific, Middle East and Africa, and Latin
America. North America is anticipated to be the largest market for
nanochemicals followed by Europe and Asia Pacific during the forecast
period. Technological developments and increase in regulatory efforts
to use nanochemicals in materials have driven demand for
nanochemicals in North America. Europe being the second-largest
market for nanochemicals has large number of suppliers for
titanium-based products. Increased growth in the pigment and printing
ink sector is anticipated to boost demand for nanochemicals in the
near future. Asia Pacific is expected to experience high demand for
nanochemicals in the near future due to various factors such as
industrial development and shifting of companies from convectional
chemicals to nano-based chemicals. Growing applications of
nanochemicals in sectors such as construction, electronics, and
rubber is projected to fuel the market in Asia Pacific as these
sectors are experiencing significant growth in developing economies
such as India and China. Increase in foreign investment and
governmental support such as tax benefits in developing economies is
anticipated to create strong market opportunities for nanochemicals
in Asia Pacific during the forecast period.
Some
of the key global companies operating in the nanochemicals market are
ANP Co.,Ltd, BASF SE, E. I. Du Pont de Nemours and Company, Akzo
Nobel N.V and Graphene NanoChem amongst others.
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to view Sample Report:
The
report has been compiled through extensive primary research (through
interviews, surveys, and observations of seasoned analysts) and
secondary research (which entails reputable paid sources, trade
journals, and industry body databases). The report also features a
complete qualitative and quantitative assessment by analyzing data
gathered from industry analysts and market participants across key
points in the industry’s value chain.
A
separate analysis of prevailing trends in the parent market, macro-
and micro-economic indicators, and regulations and mandates is
included under the purview of the study. By doing so, the report
projects the attractiveness of each major segment over the forecast
period.
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