Nanomaterials have revolutionized product design and delivery of applications across diverse end-use industries. They enable enhancement of material properties at microscopic levels, fueling development of lightweight, high-performance, and multifunctional materials. Nanoparticles, nanofibers, nanotubes, and nanoplates allow engineering materials with novel optical, electrical, and thermal properties. They offer advantages such as higher reactivity, thermal conductivity, tensile strength, and extraordinary light absorption compared to conventional bulk materials.

The global Nanomaterials Market Demand offers a wide range of products including nanoparticles, nanotubes, nanoclays, nanofibers, and nanoplatelets. Nanoparticles find extensive application in chemical mechanical planarization (CMP), conductive inks, coatings, and medical devices. Growing need for miniaturization of electronic components and devices has augmented demand for carbon nanotubes and graphene nanoparticles in semiconductor industry. Nanoplatelets and nanoclays are gaining traction in packaging, automotive, and construction industries owing to their reinforcement properties.

The Global Nanomaterials Market is estimated to be valued at US$ 14.49 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Nanomaterials are Honeywell International Inc., Aker Solutions, Dakota Gasification Company, Exxon Mobil Corporation, Baker Hughes, Air Liquide, Exxon Mobil, Air Liquide, Aker Solutions, Baker Hughes, Fluor Corporation, General Electric and Halliburton. These players are focusing on facilitating nanotechnology research and commercialization of nano-engineered products.

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