Work on nanomaterials provides a science-based approach to nanotechnology, using developments in the metrology and synthesis of materials that have been made to promote research on microfabrication. Materials of nanoscale structure also exhibit special optical, electrical, or mechanical properties. Nano-sized objects occur in nature and may be produced from a number of things, such as carbon or minerals such as silver, but by necessity nanomaterials will have at least one dimension smaller than around 100 nanometres. Many nanoscale materials are too small for naked eyes and even traditional lab microscopes to be used. These small-scale materials are also referred to as engineered nanomaterials (ENMs) and can carry on special mechanical, magnetic, electrical, and other properties.
Market Analysis: By 2026, the global nanomaterials market is estimated to reach USD 57,608.26 million, with a CAGR of 19.86% over the forecast period (2021-2026). The growing use of nanoparticles in the healthcare industry, as well as the growing use of nanomaterials in water treatment applications, are likely to increase global demand for nanomaterials. However, the current pandemic crisis caused by COVID-19, as well as higher technology costs, are projected to limit the market's growth. Nanoparticles are expected to have the biggest market share among product kinds over the projection period. During the projected period, Asia-Pacific is expected to lead the market growth rate.
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