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The global nanotechnology market is anticipated to grow with the CAGR of 18.5% during the forecast period of 2016-2023. Nanotechnology is a branch of technology which deals with less than 100 nanometers and also by its dimensions & tolerance. It especially deals with the manipulation of individual atoms and molecules. There are various factors which are driving the global nanotechnology market such as emerging medical device, favorable government initiatives especially in India, increasing technological advancements and growing research and development activities by the key market players across the region. Recently on April 2016, there were 5 latest technological advancements that have been taken place in the nanotechnology market, which are a major driving factor for the market. There are some factors which are hampering to the growth of the global nanotechnology market which are high capital investment required and rising health hazards associated with the technology. In nanotechnology, some of its particles have toxic effects, and the nanoparticles particularly damage the lungs due to which this factor is become a major restraint to the market. Some of the opportunities in the market are improved designing capability, enhanced durability & superior quality and rising demand for nano fibers which is the highest demanding application of the global nanotechnology market. These factors act as the future drivers to the market. Some of the challenges faced by the global nanotechnology market are lack of skilled professionals and high cost of nanomaterial.
Source: OBRC Analysis
The global nanotechnology market has been segmented into by component and application. By component segment is categorized into:
By application segment is categorized into:
The revenue for the above application segment is specific to the nanotechnology market. However, the total revenue of these application in general has been excluded from the scope of the report.
Geographically, the global nanotechnology market has been segmented on the basis of four major region, which include:
North America dominated the global demand for nanotechnology market in 2016 and expected to dominate during the forecast period due to favorable government initiatives in US. Developed healthcare infrastructure in North America is one of the major factor due to which it is dominating with the highest market share in the global nanotechnology market. Due to the presence of some typical and difficult technologies, huge investments by the key market players in this region are expected for its further growth in the coming years. It is accounted that the Asia Pacific is the fastest growing region and during the forecast period it is predicted to lead the global market of nanotechnology due to increasing population in the emerging countries, growth in outsourcing and off shoring of medical sector and increasing personal disposable income. The emerging countries like India, China and Japan are majorly contributing to the growth of Asia Pacific region due to high demand of latest nanotechnology from these emerging economies.
The global nanotechnology market has been segmented into two parts such as by component and by application. By component segment is categorized into three parts such as nanomaterial, nanotools and nanodevices. By application segment is categorized into six parts such as electronic, energy, cosmetic, biomedical, defense and food & agriculture. On the basis of components, Nano sensor is the highly demanded sub segment majorly in the homeland security and military industries. Nano sensors are used for the detection of radiations and biotoxins. During the forecast period, Nano sensors are expected to have a huge growth due to advanced and new generation Nano sensors which detect toxic gases like anthrax. On the basis of application, its sub segments energy and food & agriculture segment is highly dominating.
The major market players of the global nano technology market are:
Detailed analysis of these companies provided in this report comprises Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launching.. On 3rd February 2015, Arkema announced the acquisition of Bostik (the world’s number 3 in adhesives). Due to this acquisition, Arkema developed and is becoming a leader especially in chemicals and advanced material across the world. In 2015, A123 system developed a new generation lithium ion battery with the proprietary nanoscale electrode technology, at Caltech Researchers have verified a laser that uses a nano patterned silicon surface used to facilitate in the production of the light with a tighter frequency control. In 2016, Bruker introduces a new nanoscale electrochemical measurement, Peakforce scanning electrochemical microscopy. It is the latest commercial solution atomic force microscope based scanning electrochemical microscopy with a resolution of below 100 nanometers for electrochemical mapping.
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At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global nano technology market offers the longest chain of market segmentation covering major market segmentation based on component and application. The report tracks the major market trends in the global Nano technology market such as technological advancements and so on. For each market segments covered in global Nano technology market report, we provide opportunity matrix, and DRO analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the Nano technology industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global nanotechnology market: