Nanomaterials Market to Increase at Impressive Double-digit CAGR through 2020, Says Stratistics MRC in Its Report Published at MarketPublishers.com02 Dec 2016 • by Natalie Aster
LONDON – In the previous year, the total value of the world’s nanomaterials market stood at around USD 4.79 billion. It is predicted to increase between 2016 and 2022 registering an impressive double-digit CAGR of 22.5%. By the year 2022, the value of the nanomaterials market will likely go beyond USD 19.8 billion.
Robust market growth will likely be supported by rising governmental funding, expanding applications of nanotechnologies across different verticals, introduction of novel methods for nanostructures production, among other favourable factors. Increasing number of partnerships and strategic alliances amid established players, rising number of new market entrants and also ongoing development of new materials are giving further impetus to growth in the world’s nanomaterials market.
However, at the same time this market could be restrained by certain factors, including enhancing environmental concerns and escalating awareness of toxicity of nanomaterials.
North America captures the biggest share of the global nanomaterials market owing to accelerating usage of nanomaterials in electronics and healthcare industries in the region. The second place is held by the European market.
Cutting-edge research report by Stratistics MRC titled “Nanomaterials - Global Market Outlook (2016-2022)” comprises a detailed guide to the current landscape of the worldwide nanomaterials market, uncovers important historical and present performance statistics, touches upon top trends and covers the most significant issues. The report gives insights into the competitive landscape and regulative framework, discloses vital details on the top participants in the nanomaterials market, explores the market dynamics and outlines future growth prospects and opportunities through 2022. Additionally, a future outlook through 2022 is at hand.
Key players mentioned in this report: Showa Denko, Kuraray, Nanocyl SA, Hyperion, Hollingsworth & Vose, Catalysis International, Finetex, DuPont, Elmarco, CNano Technology, Arkema, Bayer AG and Ahlstrom.
For other in-demand research reports by this publisher visit Stratistics MRC page at MarketPublishers.com.