The nanomaterials market is undergoing significant expansion, driven by rising demand from various industries, including electronics, healthcare, automotive, and energy. Companies operating in this sector are continuously advancing research and development efforts to create high-performance nanomaterials that improve product durability, energy efficiency, and overall functionality. These innovations are playing a crucial role in enhancing manufacturing processes and reducing material waste across industries. As the adoption of nanomaterials increases across diverse applications, the market is experiencing steady growth. According to Kings Research, the global nanomaterials market is expected to reach USD 33.47 billion by 2031.
Industries are increasingly seeking efficient and sustainable solutions, making nanomaterials essential for advancements in semiconductors, medical devices, and energy storage systems. Market leaders are investing in scalable production methods and forming strategic partnerships to accelerate the commercialization of nanotechnology-based products. This article explores ten key companies driving progress in the nanomaterials market, highlighting their recent developments and contributions to the industry.
Top 10 Players in the Global Nanomaterials Market
1. American Elements
American Elements is a global leader in manufacturing advanced nanomaterials, including metal and ceramic nanoparticles. The company is focused on expanding its production capacity for high-purity nanomaterials, catering to the aerospace, defense, and semiconductor industries. Their emphasis on sustainable and scalable nanotechnology solutions makes American Elements a key player in the nanomaterials market.
American Elements also develops novel nanoscale electrolyte material for lithium-ion batteries. This electrolyte consists of zirconium oxide nanoparticles combined with lithium to form a ceramic compound with high energy density. This advancement in battery technology has the potential to improve both the performance and efficiency of energy storage systems significantly.
2. Nanophase Technologies Corporation
Founded in 1989, Nanophase is a global provider of engineered nanomaterial solutions across various industries. The company specializes in producing nano and submicron materials, including zinc oxide, which are utilized in personal care products for UV protection, surface finishing technologies, energy storage, and coating applications.
In October 2024, Nanophase expanded its production capabilities by adding three new ISO 6 clean rooms and implementing further automation across key processes to enhance their capacity and deliver high-quality nanomaterial solutions.
3. Quantum Materials Corporation
Quantum Materials Corporation focuses on the development and manufacture of quantum dots and nanomaterials for applications in display technologies, solar energy, and medical imaging. The company's proprietary high-volume production process aims to provide cost-effective quantum dots to meet the growing demand in these sectors. The company also offers Vac-Check, an anti-counterfeit test kit designed to detect fake vaccines, leveraging their expertise in nanomaterials to ensure authenticity in medical products.
4. Arkema Group
Arkema Group is a global leader in specialty chemicals and nanostructured materials, producing advanced nanocomposites and high-performance coatings. The company's nanomaterial innovations support industries such as automotive, aerospace, and renewable energy, with lightweight and durable material solutions.
Arkema Group offers a range of carbon nanotubes (CNTs) called Graphistrength that enhance the mechanical strength and electrical conductivity of both thermoplastics and thermosets. Additionally, the company offers Nanostrength, a patented copolymer technology that produces highly durable polymers with reduced weight compared to traditional materials. These innovations boost the development of lightweight, durable nanomaterials, supporting applications in industries such as automotive and aerospace.
5. NanoComposix
NanoComposix specializes in the fabrication of highly engineered nanoparticles and nanocomposites for medical diagnostics, therapeutics, and environmental applications. Its expertise in precisely controlled nanomaterial synthesis in biomedical research and sensor technologies makes it a key player in the global nanomaterials market.
6. US Research Nanomaterials, Inc.
US Research Nanomaterials, Inc. is one of the key player in the nanomaterials market engaged in the research, development, and production of advanced nanomaterials. The company specializes in manufacturing a diverse range of metal nanoparticles, alloy nanoparticles, oxide nanoparticles, and rare earth oxide nanoparticles. These materials are widely utilized across multiple industries, including electronics, energy storage, and composite manufacturing, due to their enhanced properties such as increased strength, conductivity, and durability. By supplying high-quality nanomaterials, the company supports scientific research and industrial innovation, contributing to the ongoing growth and evolution of the nanomaterials market.
7. Advanced Nano Products Corporation
Advanced Nano Products Corporation develops and manufactures nanomaterials such as silver nanoparticles, carbon nanotubes, and metal oxides. These materials are applied in electronics, antimicrobial coatings, and energy devices, enhancing performance and efficiency in various high-tech applications.
Additionally, ANP has been expanding its global manufacturing footprint, with new factories planned in the United States, Poland, and Japan. These facilities are expected to produce special carbon nanomaterials that serve as conductive agents for cathodes and anodes in mass-produced batteries, supporting EV battery plants in these regions.
8. SkySpring Nanomaterials, Inc.
SkySpring Nanomaterials, Inc. provides a diverse range of metal, ceramic, and composite nanomaterials, serving applications in catalysis, structural materials, and energy solutions. SkySpring’s expertise in nanoparticle-based catalysts and advanced ceramics position them as a major supplier in the growing nanomaterials market.
9. Evonik Industries AG
Evonik Industries is a leader in silica and metal oxide nanomaterials. Their latest advancements in nanoparticle-based 3D printing materials are driving innovation in additive manufacturing.
In September 2023, Evonik expanded its portfolio of nanoparticle technologies for injecting drugs by adding new materials and services that help drug companies create more effective treatments. This includes introducing three new types of bioabsorbable polymers called PLA-PEG di-block copolymers to their RESOMER portfolio, which are suited for creating nanoparticles.
10. Graphene Nanochem Plc
GrapheneNanoChem specializes in developing nanomaterials for various home improvement applications, including insulation, roofing, flooring, paints, coatings, and structural enhancements. Their products leverage the unique properties of graphene and other nanomaterials to provide increased strength, flexibility, and sustainability. These innovations aim to improve durability, energy efficiency, and environmental impact in residential construction and renovation projects.
Conclusion
Continuous advancements in nanotechnology are driving the expansion of the nanomaterials market globally. Key players are prioritizing sustainability, large-scale production, and novel applications to support demand across sectors such as healthcare, electronics, and energy storage. Ongoing research in biomedical applications, high-performance materials, and energy-efficient technologies is contributing to the development of next-generation nanomaterials. Advancements in material engineering and improved production scalability will play a key role in defining the future of the nanomaterials market. As companies make progress in quantum dot manufacturing and carbon nanotube composites, it is expected to further expand the application of nanomaterials across industries.
