Nanocrystal Market Size, Share & Industry Analysis, By Type (Nanocrystalline Cellulose, Nanocrystalline Silicon), By End-Use (Medical, Electronics, Aerospace, Energy, Packaging, Others) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Nanocrystals are the particles of materials who have at least one of its dimensions less than 100 nanometers. These particles are distinguished on the base of the size of the crystal. When employed with solids, nanocrystal exhibits exceptional properties like complex melting behaviour, efficient light emission and other. These nanocrystals are used to study the behaviour of macroscopic samples of same materials.
Increasing demand for nanocrystalline cellulose in medical, personal care and cosmetics industries is likely to drive the market growth. The extensive use of nanocellulose in tampons, diapers, sanitary napkins, and wound dressings is surging the demand for nanocellulose crystals. Additionally, the adoption of solar cells and panels as energy source is expected to boost the demand for nanocrystalline silicon that is used in the solar cells.
However, synthesis of nanocrystals involves various complicated processes. The manufacturing cost of such nanocrystals is generally higher which is anticipated to limit the market growth.
Key Market Driver -
Increasing demand from medical and energy industry.
Key Market Restraint -
High cost of production.
Market Segmentation:
Based on type, the market is segmented into nanocrystalline cellulose and nanocrystalline silicon. Based on end-use, the market is segmented into medical, electronics, aerospace, energy, packaging, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global nanocrystal market consists of global & regional players operating. Some of the key players in the market include Nclear Inc, Hybrid Plastics, Integran Technologies, Advanced Diamond Technologies, Chemat Technology, Hyperion Catalysis International, CelluForce, Asahi Kasei Corporation, Advanced Nano Products, Arrowhead Pharmaceuticals, and Others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Nanocrystal Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share in the market attributed to the high spending of consumer on personal care and hygiene products. Additionally, the increasing awareness in consumers about the use of conventional sources of energy is expected to boost the demand for nanocrystalline silicon. Europe shall hold the second-largest share attributed to the higher rate of adoption of solar panels for energy resources. Asia Pacific is estimated to show significant increase in demand for nanocrystalline cellulose attributed to the extensive use of sanitary napkins, diapers and other personal care products. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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Segmentation
ATTRIBUTE | DETAILS |
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By End-Use |
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Nanocrystal Industry Developments
- In September 2019, Green Science Alliance Co. Ltd, made a bio-degradable bottle with nanocellulose and poly lactic acid composite materials. This innovation is an alternative for the PET bottle which contributes to the plastic pollution.
- In June 2020, researchers at ETH have provided the first theoretical elaboration of the conductance by nanocrystals in the semiconductors. This could lead to the development of LED, Sensors, and lasers for TV screens.
- Ongoing
- 2023
- 2019-2022
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