Global Nanotechnology Market Analysis: Trends and Future Prospects 2024

Posted by Bharat Book on April 28th, 2018

Bharat Book Bureau Provides the Trending Market Research Report on Global Nanotechnology Market (by Component and Applications), Funding & Investment, Patent Analysis and 27 Companies Profile & Recent Developments - Forecast to 2024 under Technology & Media category. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.

Global Nanotechnology Market is expected to exceed US$ 125 Billion mark by 2024. Nanotechnology continues to have a broad and fundamental impact on nearly all sectors of the global economy, namely electronics, energy, biomedical, cosmetics, defense, automotive and agriculture among others. The factors such as advancement in technology, increasing government support and private sector funding for R&D, growing demand for miniaturization of devices, and strategic alliances between countries are expected to drive the global nanotechnology market growth. However, the issues such as environmental, health, and safety risks, and concerns relating to nanotechnology commercialization are expected to hamper market growth.

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Global Nanotechnology Market & Forecast to 2024 – By Component

  • By component, the nanomaterials captured highest share of the global nanotechnology market.
  • Nanoparticles holds over 85% share of the global nanomaterials market.
  • The nanotools accounted for second highest share of the nanotechnology market.
  • Nanolithography tools dominates the global nanotools component market.
  • Nanodevices segment captured least share of the global nanotechnology market.

Global Nanotechnology Market & Forecast to 2024 – By Applications

  • The top three applications of nanotechnology are electronics, energy and biomedical. Together, they account for over 70% share of the global nanotechnology market.
  • The largest application for nanotechnology is electronics.
  • The energy application captured second highest share of the nanotechnology market, being followed by biomedical application.
  • The cosmetic industry is one of the most enthusiastic early adopters of nanotechnology.
  • The global defense application market for nanotechnologies was valued at nearly US$ 3 Billion in 2017.
  • Automotive application captured nearly 5% share of the global nanotechnology market.

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Bharat Book
Joined: August 18th, 2017
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