Nanotechnology Market

2021-2030 Analysis and Review Nanotechnology Market

Nanotechnology Market

Global Nanotechnology Market By Components (Nanomaterial, Nanotools, Nanodevices), By Application (Electronic, Energy, Biomedical and Life Science, Defense, Food & Agriculture) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030

30-09-2021 REP-HC-139291 116 pages Format

Global nanotechnology market is estimated to grow with the CAGR of 18.5% during the forecast period of 2021-2030. Growing medical devices is estimated to be the major factor driving the growth of the market. It is further estimated that the market will reach about $11.7 billion by the year 2023. Favorable government initiatives are also one of the key drivers of the nanotechnology market. However, high capital expenditure and adverse effect of nanotechnology on health are expected to restrain the growth of the market. Global nanotechnology market in this report is analyzed on the basis of its components, applications and geography. Components of nanotechnology market is further segmented as nanomaterial, nano tools and nano devices. Nano materials are estimated to hold maximum share in the global nanotechnology market. Nano devices are estimated to be the fastest growing segment in the global nanotechnology market. 

Nanotechnology Market

Increasing Investment Across Application Segment Remains as The Key driver

One of the major factor which is influencing the demand for the nanotechnology is rising investment activity across various application verticals. The companies and other government agencies are demanding new technologies to increase the application of nanotechnology. Healthcare is one of the emerging application of nanotechnology the rising use of nanotechnology in drug discovery, small medical devices and treatment of cancer and many others. The National Institute of Standards and Technology (DOC/NIST) is expected to increase the investment in nonmanufacturing from $83.6 million in 2015 to $86.3 million by the end of 2022.

Electronics Remains as The Largest Application Segment

Electronics is the largest market segment within applications of nanotechnology. The electronic application held about 27% of revenue share during forecast period. The growing research spending is driving the growth of nano electric application segment. in the coming years, nano technology is anticipated to witness new and emerging applications in field of body armors, emission display, drug delivery, water purification, wind turbine blades, bio fuel cell, and others. Globally, the aerospace industry has been focusing on making tougher, aerospace parts stronger, and long-lasting. With the application of nano-enabled products in aircrafts its life has witnessed an increaseto 200% - 300%. This factor is the major reason why airline industry remains as the early adopter of nano materials.

Nanomaterial Accounts to Almost Half of the Market Revenues within Components

Nanomaterial is the largest revenue generating segment in component segments. Nanomaterial segment held the market share of 46% in 2016 which is growing with a CAGR 17% during forecast period. The unique physio-chemical properties of nanomaterials have led to their utilization in various industrial applications, such as high-strength materials and electronics. Metal & non-metal oxides have a major role in many areas of chemistry, physics, and materials science. Nanomaterials are widely being used in numerous technological applications like fabrication of sensors, fuel cells, microelectronic circuits, coatings (used for passivation of surface layer and anti-corrosion protection) and piezoelectric materials for energy generation. Below figure shows the classification of nano materials.

North America Holds Lion’s Share

North America is showing exceptional growth in its nanomaterials industry which has grown 21% in year 2020. Increasing government participation in nanotechnology, development in manufacturing process, R & D funding and heavy investment by major players has driven the growth in the North American market. North America is accounts for the maximum in the nanotechnology market by region. In 2020, North America held 38% share in the global nanotechnology market. Increasing medical devices market in the North America is the major factors backing the growth of the market in the region. Asia Pacific region is estimated to be the fastest growing region in the global nanotechnology market. Favorable government initiatives are estimated to be the major factor driving the growth of the market.

Historical &Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Components (2020-2030; US$ Mn)




By Application (2020-2030; US$ Mn)



Biomedical and Life Science


Food & Agriculture

Other Applications

By Region (2020-2030; US$ Mn)

North America


Asia Pacific

Latin America


Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

Pre Covid-19 situation

Post Covid-19 situation

Key questions answered in this report

  • What are the key market segments in current scenario andin the future by product categories?
  • What are the key market segments in current scenario andin the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global nanotechnologymarket?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?

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