Complex-Oxide Nanomaterials Market size is forecast to reach $20.8 billion by 2025, after growing at a CAGR of 20.7% during 2020-2025. Global complex-oxide nanomaterials market is the emerging application of carbon nanomaterials in, nano-medicines, aircraft, water treatment, and consumer goods industry. Complex-oxides nanomaterials display a wide range of properties: from colossal magnetoresistance and high-temperature superconductivity to ferroelectricity and multiferroicity.
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By Application – Segment Analysis
Lithium Titanate is the largest consuming application of complex-oxide nanomaterials. The primary application of Lithium Titanate is in Lithium-ion batteries due to its vast consumption share among other nanomaterials. On the other hand, calcium phosphate, the second largest application, widely used in manufacturing implant materials, cosmetics, food supplements and in purification and deposition of biotechnological products.
By End-User Industry – Segment Analysis
Complex-oxide Nanomaterials are widely used in healthcare, electronics, cosmetics, and other areas nowadays. Continuous improvement and innovation in the field are driving the growth of the global complex-oxide nanomaterials market. The growing EVs across the globe in order to reduce GHG emissions have increased the demand of lithium ion batteries. In addition, the usage of nanomaterials in electronic industry is widely increased year on year. The increasing demand for electronic compact storage devices and biosensors is further expected to drive market growth for complex-oxide nanomaterials. This is due to the electronic biosensors and compact storage devices require nanowires made of complex-oxide nanomaterials for their assembly. Complex-oxide Nanomaterials are used in various electronic devices such as smartphones and OLEDs.
Geography – Segment Analysis
North America is dominating the complex-oxide nanomaterials market followed by Europe owing to their usage of electronics and healthcare products. Good growth of nanomaterials is also witnessed in APAC region in last few years due to Government support, continued environmental consciousness and expected increase in demand for specialty materials. North America has the largest market share among others regions in complex-oxide nanomaterials market.
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Drivers – Complex-Oxide Nanomaterials Market
– The increasing funding from both government and non-government sectors in development of new applications leads the growth of the market.
– The primary factors driving complex-oxide nanomaterials are the increase in funding from both government and private sectors in this field to develop new applications of these materials and discover new production techniques. – Rapidly increasing cosmetic, food, and batteries fuel the growth of complex-oxide nanomaterials market. Increase in production of lithium-ion batteries rises the use of lithium titanate, leads to a rising in global complex-oxide nanomaterials market in upcoming years.
Challenges – Complex-Oxide Nanomaterials Market
Lacks of awareness about the usage of these materials in low economic region is constraining the market growth.
The factor restraining complex-oxide nanomaterials market are lack of awareness about usage of these elements in low economic regions such as African countries. The high price of materials also hinders the growth of global complex-oxide nanomaterials market. One of the major factors restraining the growth of global complex-oxide nanomaterials market implies to the growing concerns over environmental impact and toxicity of complex-oxide nanomaterials.
– The science of nanomaterials has created a lot of expectation among various end-user industries. With the increasing applications of complex-oxide nanomaterials, the demand for it is increasing at an increasing rate and is becoming a part of daily lives.
– Complex-oxide Nanomaterials are widely used in healthcare, electronics, cosmetics, and other areas nowadays. Continuous improvement and innovation in the field are driving the growth of the global complex-oxide nanomaterials market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Complex-Oxide Nanomaterials market. In 2019, the market of Complex-Oxide Nanomaterials has been consolidated by the top five players accounting for xx% of the share. Complex-Oxide Nanomaterials Market top 10 companies are SkySpring Nanomaterials, Polyscience, Nano armor, Tiankang, Altair Nanotechnologies, DuPont, American Elements EPRUI Nanomaterials, Microspheres Silco International, and REINSTE, among others.
1. Nanomaterials Market
2. Carbon Nanomaterials Market
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