Vancouver, British Columbia, Jan. 27, 2021 (GLOBE NEWSWIRE) -- The global smart nanomaterials market is expected to reach a market size of USD 8.91 Billion by 2027, as a result of major R&D initiatives driving steady revenue growth, according to a current analysis by Emergen Research. Increasing use of smart nanomaterials in end-user industries such as cosmetics, food and beverages, pharmaceuticals and healthcare, chemicals, electronics etc., is mainly driven by the materials unique physiochemical properties.
Nanotechnology is also used in the bioprocessing industry as food additives and in the packaging industry as antimicrobial agents and anti-caking agents to ensure long shelf life of processed food products. Further advancements in the field of nanomaterials is expected to result in the development and introduction of more efficient solutions for various applications in sectors such as power engineering, biotechnology, and others.
In addition, besides the existing drug delivery solutions, advancements in nanomaterial technology will result in efficient targeting and drug delivery a specific affected organ. The adjustable physical and chemical properties of nanomaterials, and ability for these to be used to help to create new technology of rapid diagnostics of living organisms is a major factor expected to drive application in medical devices, electronic devices and products. In addition, these properties also enable increasing applications in coatings, and paint industries, which is a major factor expected to drive market growth to a significant extent over the forecast period.
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Increasing product adoption for aerospace applications to improve durability and strength of aircraft part and components, as well as increasing applications in medicinal imaging is expected to drive growth of the market.
Further Key Findings From the Report Suggest:
Check Our Prices@ https://www.emergenresearch.com/select-license/481For the purpose of this report, Emergen Research has segmented the global smart nanomaterials market based on types, application, end-use, and regions as follows:
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