Global nanoceramic market is expected to gain significant traction over 2021-2027, considering the mounting adoption of the material in biomedicine and medical technology, especially in bone repair. In addition, the escalating usage of nanoceramic films in the window film industry, owing to benefits like exceptional mechanical strength and color stability, will also impel market growth in the years ahead. Nanoceramics refer to materials that are fabricated from ultrafine particles of less than 100-nm in diameter. This material is classified as heat resistant, inorganic, and non-metallic solids, and has been extensively used in industries such as medicine and nuclear.
Increasing adoption of nanomaterials in dental treatments is among the prominent trends bolstering the overall nanoceramic market dynamics over 2021-2027. Nanoceramics have been significantly changing the way dental laboratories process hybrid dentures, allowing them to offer unique hybrids that can be processed over millable fiber-reinforced resins substructures with great efficiency. Furthermore, the rising awareness about the benefits of ceramic coatings, including ease of cleaning and stain protection, will also drive the demand for ceramic nanoparticles in the paint and coatings industry.
Automotive and transportation is expected to emerge as a lucrative end-use segment for the nanoceramic market by 2027, due to the rising adoption of nanotechnology in the automotive sector. Ceramic nanoparticles can be used as appropriate hardening materials to improve clearcoat hardness and ensure scratch resistance of exterior vehicle parts, thus augmenting the segmental growth. Moreover, the increasing application of the technology in transportation vehicle parts, including tires, automobile interiors, and chassis, will further impel the need for nanoceramic materials over the foreseeable future.
The nanoceramic market from the building and construction segment will also exhibit a high growth rate through 2027. This is driven by the growing usage of nanoparticles to enhance the functions and properties of construction materials. The addition of the particles in concrete can improve its strength, durability, air purifying, and self-healing characteristics, thereby further proliferating the use of nanoceramics in the building and construction sector.
From a regional perspective, the North America nanoceramic industry will garner considerable revenue by 2027, as a result of the anticipated increase in demand for consumer electronics in the U.S. Since the material is used in electronics as an insulator, conductor, magnet, and semiconductor, the escalating sales of consumer electronics will assert a positive influence on the nanoceramics business. However, a decline in construction activities in the country, due to the shortage of labor force during the coronavirus pandemic, may hamper the regional industry share over the coming years.
Key players in the global nanoceramic market include Zhiling International Industrial Limited, Nanoformula s.c, Ceramic Pro, NYACOL Nano Technologies, Inc., Nanophase Technologies Corporation, Tosoh Corporation, Synkera Technologies, Inc., Nitto Denko Corporation, and Innovnano, among others. Innovative product launches, acquisitions, and mergers are the key strategies being employed by the market participants to maintain steady growth across the global market.
COVID-19 May Impact Nanoceramic Market Trends:
Construction industry owners, contractors, and supply chain vendors have experienced varying degrees of impact due to the coronavirus pandemic. The spread of the virus has disrupted the scheduling of subcontractors as well as the supply of goods, while the internal workforce and facility management issues have also been escalated. These factors may create a hindrance to the nanoceramic industry outlook, given the significant use of the material in construction applications. However, the rising prominence of antiviral nano-coatings for making medical masks may aid industry recovery over the forthcoming years. U.S.-based SINTX Technologies, for example, revealed that its ceramic embedded face masks could be used to inactivate respiratory viruses like COVID-19, thereby opening up new avenues for use of nanoceramic technology in medical applications.