Nanotechnology is an inherently interdisciplinary field that has generated significant scientific and engineering interest and have become highly popular in the last few years. Nano materials can be found everywhere in nature as a part of the environment since our planet was created about 4.5 billion years ago. The nano objects has importance for quantum dots and nano-crystals of metals, semiconductors, oxides and other materials as well as one-dimensional nanostructures such as nanotubes and nanowires. The application in nanotechnology are emerging include single molecule electronics based on nanotubes and nanowires, nanocatalysis and biological sensors using nano-crystals or nanotubes. Moreover, nanotechnology increases the strengths of many materials and devices, as well as enhances efficiencies of monitoring devices, remediation of environmental pollution and renewable energy production. Factors such as surge in adoption of nanotechnology in medical diagnosis & imaging and technological advancements in nanotech devices is driving the growth of nanotechnology market.
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NANOTECHNOLOGY MARKET REPORT OUTLOOK
The key factor driving the growth of nanotechnology market is increasing adoption of nanotechnology in medical diagnosis & imaging. As the development of imaging at the nanoscale has the ability to enhance the field of medicine by providing more detailed images of cellular processes. Currently methods of medical imaging are being adapted to increase their potential at the nanoscale as well as being used as contrast agents for tracking injected nanoparticles in the body. Besides technological advancements in nanotechnology is propelling the growth of nanotechnology market.
COVID 19 IMPACT ON NANOTECHNOLOGY MARKET REPORT
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the nanotechnology market. In addition, complete analysis of changes on the nanotechnology market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the nanotechnology market was moderate as the majorly manufacturer had to shut down the manufacturing. Besides disruption in production and supply chain has slightly affected the growth of nanotechnology market.
NANOTECHNOLOGY MARKET SEGMENTAL OVERVIEW
The nanotechnology market is segmented based on by type, by application and geography
NANOTECHNOLOGY MARKET BY TYPE
The nanotechnology are available in different types including nanodevices, nanosensors
Nanodevices is further bifurcated to nanomanipulators, nanomechanical test instruments, nanoscale infrared spectrometers. Nanosensors is further subs segmented to optical nanosensor, biological nanosensor, chemical nanosensor, physical nanosensor. Nanosensors are any biological, chemical, or surgical sensory points used to convey information about nanoparticles to the macroscopic world. These nanosensors are used mainly for medicinal purposes and as gateways to building other nanoproducts, such as computer chips that work at the nanoscale and nanorobots. Moreover, there are several advanced ways to make nanosensors including top-down lithography, bottom-up assembly, and molecular self-assembly
NANOTECHNOLOGY MARKET BY APPLICATION
The nanotechnology has major application in electronics, energy, chemical manufacturing, aerospace & defense, healthcare
Chemical Manufacturing leads in the global nanotechnology market and is expected to witness highest growth attributed to major use in the formulation of compounds. In addition, nanotechnology is widely used in diagnostic techniques and anti-bacterial treatments, as gold nanoparticles coupled with infrared light can destroy bacteria. On the other hand healthcare is expected to significant growth during forecast period owing to diverse applications of nanotechnology in healthcare sector will observe further developments, which will support the nanotechnology market growth
NANOTECHNOLOGY MARKET BY GEOGRAPHY
Geographically the global nanotechnology market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW)
North America is expected to dominate the global nanotechnology market with significant share attributed to increasing R&D investments in nanotechnology in the region. In addition, majorly manufacture have increased the adoption of nanotechnology to produce the nanotechnology based products. This factor is propelling the regional growth. Whereas Asia Pacific is anticipated to have significant growth during the forecast period.
NANOTECHNOLOGY MARKET KEY PLAYER
The key players in nanotechnology market are Altair Nanotechnologies Inc., Applied Nanotech Holdings Inc., Thermofisher Scientific, Imina Technologies Sa, Bruker Axs, Kleindiek Nanotechnik Gmbh, eSpin Technologies, Inc., Advanced Nano Products, Biosensor International and Nanoics Imaging Ltd. among others.
NANOTECHNOLOGY MARKET RECENT DEVELOPMENT
November 2019: IFFCO had introduced India’s first nanotechnology based products for on field trials. The 3 products, Nano Nitrogen, Nano Zinc, Nano Copper, have been researched and developed indigenously at the IFFCO Nano Biotechnology Research Centre, an advanced R&D centre at its Kalol unit.
March 2019: Red Surcos had launched first fungicide with nanotechnology in South America. The product, called Acento Induxor, will be a blend of the active ingredients azoxystrobin and tebuconazole, and will provide preventive and curative effects.
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