The global Nano-chemicals market is expected to reach US$ 8.34 billion by 2028; growing at a CAGR of 4.4% from 2021 to 2028. Nano chemicals are the chemicals produced by using nanotechnology on conventional chemical building blocks such as propane, ethane, and butane. Nano chemicals shows advantageous properties such as self-catalysis, anti-corrosion as compared to other conventional chemicals. These chemicals bring out chemical reactions in a lesser amount of time.
Rapid technological advancement augments the global nano chemicals market growth. The market is expected to grow due to projected growth in construction sector, as nano materials are widely used in the construction industry to enhance the material properties. Nanoscale chemicals are extensively used in medical industry and expected growth in this industry is expected to increase growth in market over the forecast period. The status of nanoscale chemicals is on the rise in established economies but they have little awareness among underdeveloped or developing regions and this hinders the growth of market.
The global nano chemicals market has been categorized as type, application and geography. On basis of type, it is segmented into zeolites, clay, activated carbon, silica gel, activated alumina and others. By application, it is segmented as petroleum refining, Semiconductor and Electronics, Cosmetics, Pharmaceuticals, water treatment, food, and beverages. By geography, it is segmented into North America, Europe, Asia-Pacific, and Rest of the world (Row). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Russia, Norway, and Rest of Europe. Asia-Pacific covers China, India, Indonesia, and Rest of Asia-Pacific and Rest of the World.
Key players in the global nano chemicals market are Du Pont de Nemours and Company, Akzo Nobel N.V, Graphene NanoChem, ANP Co.,Ltd, BASF SE, Qinhuangdao Taiji Ring Nano-Products Co., Ltd., NanoMas Technologies, Carbon Nanotechnologies, Altair Nanotechnologies, and Advanced Nano Products.
Scope and Segmentation of Global Nano Chemicals Market
The prominent players in global nano chemicals market are