Global Nanotechnology Market Size was $138.41 Billion in 2023

Global Nanotechnology Market Overview

According to Global Market Monitor, the global nanotechnology market size was $138.41 billion in 2023 with a CAGR of 21.52% from 2023 to 2029.

Nanotechnology is science, engineering, and technology conducted at the nanoscale, which is about 1 to 100 nanometers. Nanoscience and nanotechnology are the study and application of extremely small things and can be used across all the other science fields, such as chemistry, biology, physics, materials science, and engineering.

Market Trends

Driven by strong demand in the fields of construction, transportation, energy and environment, the scale of nanomaterials market continues to grow. For example, nanocrystal line metal soft magnetic functional materials are widely used in the emerging electronics industry, automatic control, precision measurement, etc. Nano ceramics can be used in the manufacture of engine and automotive and other key engine parts, is an ideal material. In textile and The addition of nanoparticles to chemical fiber products can play the role of deodorization sterilization and static elimination. Nano-powder can effectively purify wastewater in the field of environmental protection. The new air filter effect of nanofiber materials developed by the National University of Singapore is two times of the traditional filters.

Growing availability of numerous tools and methods including self-assembly techniques, covalent synthesis, and processing used to synthesize nanomaterials are also anticipated to drive the nanotechnology and nanomaterials market extensively over the coming years. New methods used for manufacturing patterned nanostructures offer new avenues for the nanotechnology and nanomaterials market for superior computer modeling and simulation. These will create opportunities for the market.

Drivers	Application in the cosmetics sector drives market growth.
	Nanotechnology leads the development of new materials.
	Upcoming nanomaterials such as graphene and nanocellulose will create opportunities for the market.
	Technological advancements in nanotechnology.