(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the market report for Nano-chemicals Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nano-chemicals Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Nano-chemicals Market is estimated to reach $12.8 Billion by 2024 with CAGR of 8.2% between 2016 and 2024. Nano chemicals are the chemicals produced by using nanotechnology on conventional chemical building blocks such as propane, ethane, and butane. Nano chemicals display beneficial properties such as self-catalysis, anti-corrosion as compared to other conventional chemicals. These chemicals bring out chemical reactions in a lesser amount of time. As, the global economy is likely to improve progressively over the forecast period. As the global economy advances, the per capita income is also expected to increase which in turn is expected to increase the demand for innovative and technologically advanced products such as nano chemicals. Wide range of these chemicals are developed to build nanoscale nano based medical cures, electronics, and nanoscale manufacturing with self-assembly capability. Zirconia, aluminum oxide and, silica are key nano size chemicals.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Quick technological advancement is anticipated to augment the global nanoscale chemicals market growth. The market is expected to grow due to the projected growth in the construction sector, as nanoscale materials are widely used in the construction industry to enhance the material properties. Nanoscale chemicals are also extensively used in the medical industry, and expected growth in the industry is expected to enlarge the growth in the market over the forecast period. Though, the status of the nanoscale chemicals is on the rise in established economies, they have little awareness among underdeveloped or developing regions and this is hindering the growth for the market.
The global nano chemicals market has been categorized as type, application and geography. Type segment is further bifurcated into zeolites, clay, activated carbon, silica gel, activated alumina and others. By application, the market has been segmented as petroleum refining, pet litter, water treatment, food and beverages, chemical processing, plastic processing, environmental, detergents and others. By geography, the global nano chemicals market is segmented into North America, Europe, Asia-Pacific, and Rest of the world (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Russia, Norway, and Rest of Europe. Asia-Pacific covers China, India, Indonesia and Rest of Asia-Pacific. Rest of the World covers South America, Middle East, and Africa.
Key players in the global nano chemicals market Du Pont de Nemours and Company, Akzo Nobel N.V, Graphene NanoChem, ANP Co.,Ltd, BASF SE, Qinhuangdao Taiji Ring Nano-Products Co., Ltd., NanoMas Technologies, Carbon Nanotechnologies, Altair Nanotechnologies, and Advanced Nano Products.
The key takeaways from the report:
The report will provide a detailed analysis of Global Nano Chemicals Market with respect to major segments such as type, application, and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Nano Chemicals Market from 2015 to 2024 will be included in the report
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Profile of the key players in the Global Nano Chemicals Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Nano Chemicals Market:
Type Segment
Zeolites
Clay
Activated Carbon
Silica Gels
Activated Alumina
Other Types
Application Segment
Petroleum Refining
Pet Litter
Water Treatment
Food and Beverages
Chemical Processing
Plastic Processing
Environmental
Detergents
Other Applications
Geographical Segment
North America
U.S.
Canada
Mexico
Europe
UK
Norway
Russia
Rest of Europe
Asia Pacific
China
India
Indonesia
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company's Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
Chapter 4 Nano-chemicals Market by Type: Market Size and Forecast, 2015 – 2024
4.1 Overview
4.2 Zeolites
4.2.1 Current Trend and Analysis
4.2.2 Market Size and Forecast
4.3 Clay
4.3.1 Current Trend and Analysis
4.3.2 Market Size and Forecast
4.4 Activated Carbon
4.4.1 Current Trend and Analysis
4.4.2 Market Size and Forecast
4.5 Silica Gel
4.5.1 Current Trend and Analysis
4.5.2 Market Size and Forecast
4.6 Activated Alumina
4.6.1 Current Trend and Analysis
4.6.2 Market Size and Forecast
4.7 Other Types
4.7.1 Current Trend and Analysis
4.7.2 Market Size and Forecast
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