Chemicals generated by using nanotechnology on conventional chemical building blocks such as ethane, propane, and butane are called nanochemicals. Nanochemicals exhibit beneficial properties such as self-catalysis and anti-corrosion as compared to other conventional chemicals. These chemicals carry out chemical reactions in less time.
Nanochemicals are segmented based on end-user applications into construction chemicals, semiconductors and IC process chemicals, mining chemicals, rubber chemicals, pesticides, printing ink, plastic additives, pigments, specialty polymers, and water treatment. Zinc oxide and titanium dioxide are among the chemicals that are widely used in semiconductors and IC process chemicals. Growth in the electronic sector is expected to boost demand for these chemicals in the near future. Carbon nanotube, graphene, and fullerenes have gained wide applications due to their distinct mechanical and electrical properties. Carbon nanotubes are primarily used in the bicycle manufacturing industry as the material produced is very dense and lightweight. Increased awareness regarding pollution-free environment and enhanced focus on health and fitness are key factors fueling demand for bicycles. This, in turn, would result in rising demand for carbon nanotubes in the near future. Printing ink is produced by titanium dioxide pigments due to its properties such as brightness and high refractive index. Nanochemicals are used in the manufacture of nano-sized ceramic ink, which gives high color strength to ceramics in different applications.
Global increase in demand for nano chemical-based products is due to factors such as enhancement of multiphase chemical reaction and maximum product yield. These factors have driven demand for nanochemicals globally, thus acting as chief driver for the nanochemicals market. In addition increase in applications of nanochemicals in sectors such as agrochemicals, manufacturing and multifunctional coating are expected to further propel the demand for nanochemicals globally. Development in nano chemistry would lead to increase in application of nanochemicals. This, in turn, is anticipated to propel demand for nanochemicals in the next few years. Restraining governmental regulations regarding the manufacture of chemicals is estimated to offer high growth opportunities to the nanochemicals market in the next few years.
The global nanochemicals market is segmented based on regions into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is anticipated to be the largest market for nanochemicals followed by Europe and Asia Pacific during the forecast period. Technological developments and increase in regulatory efforts to use nanochemicals in materials have driven demand for nanochemicals in North America. Europe being the second-largest market for nanochemicals has large number of suppliers for titanium-based products. Increased growth in the pigment and printing ink sector is anticipated to boost demand for nanochemicals in the near future. Asia Pacific is expected to experience high demand for nanochemicals in the near future due to various factors such as industrial development and shifting of companies from convectional chemicals to nano-based chemicals. Growing applications of nanochemicals in sectors such as construction, electronics, and rubber is projected to fuel the market in Asia Pacific as these sectors are experiencing significant growth in developing economies such as India and China. Increase in foreign investment and governmental support such as tax benefits in developing economies is anticipated to create strong market opportunities for nanochemicals in Asia Pacific during the forecast period.
Some of the key global companies operating in the nanochemicals market are ANP Co.,Ltd, BASF SE, E. I. Du Pont de Nemours and Company, Akzo Nobel N.V and Graphene NanoChem amongst others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
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