Global
Nanochemicals market is anticipated to grow significantly through 2028, due to
the increasing demand from pharmaceuticals sector. In 2018, the India
pharmaceutical market was around USD 18 billion.
Global
Nanochemicals market is expected to expand during the projected period due to
increasing demand from the pharmaceutical sector as it help to provide advanced
drug delivery systems that can target specific cells and tissues. Moreover,
nanochemicals are used to produce carbon nanomaterials such as carbon nanotubes
(CNT), fullerenes, and graphene which are in demand due to their extraordinary
electrical & mechanical properties. In addition, growing applications of
these chemicals for producing agrochemicals and cosmetics products further
propel the market growth over the forecast period.
Furthermore,
several companies and research organizations are investing in the development
of new types of nanomaterials and their applications in various industries
which further propel the market growth.
For
Instance, researchers at the National University of Singapore have developed a
new type of nanomaterial called "nanogold," which is made of tiny
gold particles that are 50 times thinner than a human hair and has unique
optical properties that could be used in applications such as biomedical
imaging and drug delivery.
Growing
Demand from Pharmaceuticals Sector
The
use of various nanomaterials, including fullerenes, dendrimers, and polymer
carriers, to transport medication molecules to specific locations within the
body is boosting the need for these materials in the industry. Increased usage
of these materials in the production of numerous medications are further
propelling the market growth.
Additionally,
by shrinking the size of different medication molecules, nanotechnology-enabled
drug delivery has opened profitable potential in the pharmaceutical industry
and has improved bioavailability, solubility, and reduced drug toxicity. These
applications have expanded beyond medication delivery to include the creation
of important drug and medical device formulations with controlled release,
which is driving up demand in the industry. Thus, nano-enabled drug delivery
help drugs to permeate through cell walls, which is important for the increase in
demand for genetic medicines.
For
instance, in 2019, a biotech company, Monsanto India, and Bayer announced their
merger. With the aid of these two complimentary businesses coming together,
consumers would benefit from cutting-edge products.
Therefore,
increasing demand for the nanochemicals from the pharmaceutical sector leads to
the growth of Global Nanochemicals market in the upcoming years.
Additionally,
nanochemicals are used in the food industry for benefits such as improved
texture, flavor, and nutritional value. Nano emulsions can be used as delivery
vehicles for fat-soluble vitamins, which can improve their absorption and
bioavailability in the body. Similarly, nano-sized particles of calcium and
iron can be added to food products to improve their nutritional value.
Moreover, nanochemicals are also being used to enhance food packaging materials
which help to prevent the growth of harmful bacteria and to maintain the
freshness of food products.
For
instance, Honeywell International has developed a mixture of nylon 6-nanoclay
composite (Aegis OXCE) with additional oxygen scavenger property which is ideal
for packaging of beer and flavored alcoholic beverages.
Thus,
increasing demand of nanochemicals from the food & beverage industry led
the market growth in the projected years.
Increasing
Demand from Electrical & Electronics Sector
The
study of nanoscale systems' electrical and magnetic characteristics is known as
nanoelectronics. An important technique that makes use of nanofabrication
technology is nanochemicals. The electrical and electronics sector is projected
to use these compounds more frequently to create novel materials and products
with cutting-edge functionality and high performance. Recent advances in
nanomaterials include new methods for creating integrated circuits using
transistors made of carbon nanotubes, allowing for transistors with the
smallest possible size of a few nanometers.
Moreover,
chemical-based products with several phases are more in demand as they speed up
reactions and generate more products, overall. The demand for these materials
will also increase due to their expanding uses in the manufacturing of
agricultural chemicals, multifunction coatings with improved durability, and
self-cleaning properties. As technology advances and governmental regulations on
their production combine with the expanding use of nanotechnology in the
chemical industry and new applications of these materials in catalyst design,
it is anticipated that industry participants will benefit greatly from
increased growth opportunities.
For
instance, BASF and KIT jointly developed integrated processes to produce
nanostructured functional materials.
Additionally,
nanochemicals has wide applications in the cosmetic industry due to their
unique features, as well as the advantages of nanoscale ingredients compared to
non-nanoscale products. Nanochemicals have a high surface area-to-volume ratio,
which makes them highly effective at delivering active ingredients to the skin.
They can also penetrate deeper into the skin, providing better results than
traditional cosmetics. Nanochemicals improve the stability and efficacy of
active ingredients. Though vitamin C is an essential ingredient in many
skincare products due to its antioxidant properties, it can be unstable and
degrade quickly when exposed to air and light. However, when encapsulated in
nano-sized particles, the stability and efficacy of vitamin C can be improved,
allowing it to penetrate deeper into the skin and provide longer-lasting
benefits. Nanochemicals also be used to create products with improved texture,
viscosity, and spread ability, making them more appealing to consumers.
For
instance, L’Oréal’s group use nanochemicals to increase the level of sun
protection and avoid white marks on skin (by nano titanium dioxide & nano
zinc oxide), deliver the best product texture and provide a matte finish on
skin (by nano silica), and increase the black intensity in mascara (by nano
carbon black).
Furthermore,
for instance, Tata Chemicals has developed nano zinc oxide (nZnO) that offers
improved anti-fungal, anti-microbial, and UV blocking properties for cosmetic
applications.
All
these factors drive the growth of Global Nanochemicals market in the forecast
period.
Polymer
Will be the Key Type
Polymer
type nanochemicals with size range of 1-1000 nm, has several benefits,
including the potential to be used for controlled drug release in the body, the
capacity to shield drugs and other molecules from the biological environment,
and enhanced bioavailability and therapeutic index of drug molecules. Companies
spending in R&D operations in the field of nanotechnology, which has
increased the domain size, such as fuel cell polymer bound catalyst, polymer
based biomaterials, self-adhesives polymer films and polymer matrix-based
nanocomposites which have wide uses in various applications, resulting in the
increase in the demand for polymer based nanochemicals.
For
instance, Toyota uses polymer nanocomposites in an automotive timing belt cover
application.
Thus,
increasing demand for polymer based nanochemicals results in the growth of
Global Nanochemicals market during the projected period.
However,
nanochemicals are known to have unique physical and chemical properties that
can pose a risk to human health and the environment. The most important effects
of nanochemicals have been found in the lungs and include among others
inflammation and tissue damage, fibrosis, and tumor generation. The
cardiovascular system may also be affected as nanochemicals may enter the
bloodstream from the lungs and translocate to other organs, including the
brain. The translocation of inhaled nanochemicals causes them to retain around
the respiratory tract regions through diffusional mechanisms, resulting in
further medical complications. The inhalation risk is affected by the dustiness
of the nano material and the tendency of particles to become airborne in
response to a stimulus which restrain the growth of market. Moreover, small
size with high surface area and fast reaction mechanism makes it more unstable
which results in increasing participation in many biological reactions which
had harmful effect on human and environment. The small size of these
nanochemicals allows them to pass through different biological barriers and
settle in tissues like the central nervous system which affect the nervous
system of humans. In addition, the production of nanochemicals involves the use
of expensive equipment and specialized manufacturing processes, which increases
the cost of production. As a result, the price of nanochemicals is often higher
than that of traditional chemicals, which can limit their adoption in various
industries which further slowdown the market growth.
Recent
Developments
- In
February 2023, Scientist at Chalmers University of Technology produced new
methods to reveal nano-scale drug molecules in cells.
- Zydex
Industries develop Nanotechnology solutions for durable roads in January
2023.
- Coval
Technologies produced its first batch of nanotechnology coatings in its
Singapore production facility in October 2022.
- In
September 2022, Vikas Ecotech signed an MoU with Aurapha Private Limited
to start a new plant using nano Calcium Carbonate blended in a conjugated
polymer matrix for corrosion protection and a process for the preparation
thereof.

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Market
Segmentation
Global
Nanochemicals Market is segmented based on type, application, and region. Based
on the type, the market is fabricated into polymer, ceramic, metallic, and
others. Based on application, the market is categorized into pharmaceuticals,
cosmetics, electrical & electronics, and others. Based on region, the
market is divided into North America, Europe, Asia Pacific, South America,
Middle East & Africa, By Company.
Company
Profiles
Alfa
Chemical Co., Ltd., BASF SE, DuPont de Nemours, Inc., Merck KGaA, Central Drug
House (P) Ltd., Advanced Nano Products Co., Ltd., Evonik Industries AG,
Pan-Continental Chemical Co., Ltd., US Research Nanomaterials, Inc., Ad Nano
Technologies Pvt Ltd. are some of the key players of Global Nanochemicals
Market.
Attribute
|
Details
|
Base Year
|
2022
|
Historic Data
|
2018 – 2021
|
Estimated Year
|
2023
|
Forecast Period
|
2024 – 2028
|
Quantitative Units
|
Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022
and 2023-2028
|
Report coverage
|
Revenue forecast, volume
forecast, company share, competitive landscape, growth factors, and trends
|
Segments covered
|
Type
Application
|
Regional scope
|
North America, Europe, Asia
Pacific, South America, Middle East & Africa
|
Country scope
|
United States, Mexico, Canada, France, Germany, United Kingdom, Spain,
Italy, China, India, South Korea, Japan, Vietnam, Brazil, Argentina, South
Africa, Saudi Arabia, UAE
|
Key companies profiled
|
Alfa Chemical Co., Ltd.,
BASF SE, DuPont de Nemours, Inc., Merck KGaA, Central Drug House (P) Ltd.,
Advanced Nano Products Co., Ltd., Evonik Industries AG, Pan-Continental
Chemical Co., Ltd., US Research Nanomaterials, Inc., AdNano Technologies Pvt
Ltd.
|
Customization scope
|
10% free report customization with purchase. Addition or alteration
to country, regional & segment scope.
|
Pricing and purchase
options
|
Avail customized
purchase options to meet your exact research needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report
Scope:
In this report,
Global Nanochemicals market has been segmented into the following categories,
in addition to the industry trends, which have also been detailed below:
- Nanochemicals Market, By Type:
- Polymer
- Ceramic
- Metallic
- Others
- Nanochemicals Market, By
Application:
- Pharmaceuticals
- Cosmetics
- Electrical & Electronics
- Others
- Nanochemicals Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Vietnam
- South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive
landscape
Company
Profiles: Detailed
analysis of the major companies in the global Nanochemicals market.
Available
Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
Detailed
analysis and profiling of additional market players (up to five).
Global Nanochemicals
Market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected].