Smart nanomaterials are the basis of diverse emerging applications, including wearable and printed Electronics, CMOS photonics, quantum computing, artificial intelligence, optogenetics, smart coatings and thin films. To overcome the limitations of common nanomaterials, smart materials are grabbing more significant attention recently. In earlier days, these smart materials are often defined as a material which can respond in a timely manner to the surrounding environment. Thereafter, definition of smart materials has been expanded that the material that can stimuli by external factors and results a new kind of functional properties. Stimuli agents are further classified as light, temperature, electric, magnetic field, stress, pressure, pH, etc..
The global Smart Nanomaterials revenue was about 161.51 million USD by the end of 2020, which is expected to reach 1970.53 million USD in 2028, with a CAGR of 35.05% between 2021 and 2028. Overall, the Smart Nanomaterials products performance is positive with the current environment status.
Currently, there are many players like Nanocyl, Arkema, Cnano, Showa Denko, OCSiAl, Zeon Nano Technology, Raymor, Nanopartz, etc. The market is relatively fragmented globally. In 2020, the total 5 players accounted for about 33% revenue share. With more companies are planning to enter into the industry, the market will become more and more fragmented.
There are many different types of Smart Nanomaterials. According to particle size, the market can be segmented into: Metal-based, Carbon-based, Polymeric and others. Carbon-based type is the most commonly used and efficient types and took 41.04% market size share in 2020.
By application, Smart Nanomaterials can be used in Coating, Consumer Goods, Electronic, Automotive, Pharmaceutical, etc., Pharmaceutical consumption market share of 33.97% in 2020, with a 38.99% CAGR between 2021-2028.
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