The global Nano Chemicals market is forecasted to reach USD 13.60 Billion by 2027, according to a new report by Reports and Data. The growing use of Nano Chemicals in various applications, such as chemical warfare, armor design, military weapons, and the manufacture of a bicycle, is leading to a surge in demand for the product. Nano Chemicals find extensive uses in many industries, such as agriculture, automotive, energy storage, and healthcare.
Carbon nanotubes are used in areas that require durable materials in smart materials and bicycles. Specialized nano chemicals are customized to perform a particular task or function. They are used in electronic equipment, such as high purity germanium and silicon, machine tools like high carbon steel, and in the dental filling. The increasing investments in the research and development of nano chemicals are expected to lead to the growth of the market.
Key participants include DuPont Agriculture, Dow AgroSciences, BASF SE, Siegwerk group, Bayer CropScience AG, Syngenta AG, Sumitomo Corporation, Solvay S.A, Evonik Industries, Kemira OYJ, and SABIC Business Segments, among others.
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Nano Chemicals exhibit properties, such as anti-corrosion and self-catalysis, which give them advantages over the traditional chemicals. The harmful effects of Nano Chemicals on humans and the environment can lead to a decline in the product’s consumption.
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Further key findings from the report suggest
- Ceramic Nano Chemicals are forecasted to grow at a CAGR of 6.4% in the forecast period. The product finds applications in industries such as energy storage, transportation, construction, medical, and communication.
- In terms of Applications, Textiles is forecasted to grow with a CAGR of 6.6% during the period 2024-2027. Nano Chemicals are used in the effluent treatment of textiles. Nano Chemicals exhibit properties of pathogen and pollutant removal from wastewater through different methods, like disinfection, photocatalysis, and chemical oxidation.
- The Offline segment occupied 75.82% of the market share in 2019. This is because consumers like to experience the touch and feel of the product before purchasing to make sure that it fits their requirements.
- The Middle East and Africa are forecasted to grow at a CAGR of 5.8% in the forecast period. This is due to the presence of countries, such as the UAE and Saudi Arabia, in the region where industries, such as electronics, pharmaceuticals, and textiles, are witnessing high growth rates.
- China is one of the fastest-growing markets for Nano Chemicals. This is mainly due to the growth of various end-use industries in the country. Also, government support in terms of foreign investments and tax benefits lead to market growth in the country.
For the purpose of this report, Reports and Data have segmented into the global Nano Chemicals market on the basis of type, application, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Ceramic Nano Chemicals
- Polymer Nano Chemicals
- Metallic Nano Chemicals
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Application Outlook (Revenue, USD Billion; 2017-2027)
- Pharmaceuticals
- Cosmetics
- Semiconductors and Electronics
- Solar Panels
- Pigments
- Textiles
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online Stores
- Offline Stores
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- The U.S.
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- Latin America
- Brazil
- Rest of LATAM
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