Nanoporous Materials Market Size, Share, Growth, and Industry Growth by Type (Zeolites, Clays, Activated Carbon, Silica Gel, Activated Alumina, and Others), By Application (Petroleum Refining, Pet Litter, Water Treatment, Food & Beverages, Chemical Processing, Environmental, Detergents, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Nanoporous Materials Market REPORT OVERVIEW

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The global nanoporous materials market size was USD 7562.2 million in 2022 and market is projected to touch USD 11437.25 million by 2031, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period.

Nanoporous material sizes are primarily between 100 nanometers and even can be smaller. The material comprises an inorganic or regular organic framework that supports a porous structure. It is classified into two broad categories such as bulk materials and membranes.

High demand for materials in electronic, biomedical, and magnetic devices is estimated to expand market growth. The materials are used as nano-reactors, catalysts, adsorbents, ion-exchange resin, and mediate with lower dielectric constant. Further, the growing adoption of zeolites as a backbone and high-end catalyst is anticipated to surge market progress. An increase in demand for the material in the chemical sector coupled with increased R&D activities is predicted to expand market growth over the forecast period. However, stringent government regulations and the high cost of the material are predicted to hamper the growth of the global nanoporous material market in the upcoming years. The material has carcinogenic nature which is projected to hinder market growth.

COVID-19 Impact: Lockdown Restrictions and Closure of End-User Sectors to Hamper Market Growth

The closure of end-user industries such as chemical and oil and gas restricted the market growth. Lower demand for the material and lack of production activities hamper market growth.  On the contrary, the high demand for healthcare and the biomedical sector to fuel market growth. Increased demand for vaccines and medicines to fight against coronavirus to fuel market growth.

LATEST TRENDS

"Growth in Biomedical Sector to Stimulate Market Growth"

Increased demand for the material in the biomedical sector is anticipated to surge market progress. The material has several potential medical and biological applications such as isolating, sorting, sensing, and releasing biological molecules. High demand for the material in biomedical engineers. These factors are anticipated to fuel market progress in the coming years. The material is extensively used in several biomedical applications such as dialysis, and immunoisolation devices. It is used in X-ray diffraction and scanning electron microscope. Such broad usage of the material is anticipated to propel the nanoporous materials market growth.

Nanoporous Materials Market SEGMENTATION

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• By Type

Based on type, the market is divided into clays, activated carbon, zeolites, silica gel, activated alumina, and others.

Activated carbon is estimated to be the leading part of type segmentation.

• By Application

Based on application, the market is classified into water treatment, food & beverages, petroleum refining, pet litter, chemical processing, environmental, detergents, and others.

Water Treatment is estimated to be the leading part of application segmentation.

DRIVING FACTORS

"High Demand for Water Treatment and Growing Demand from Food and Beverage Sector to Foster Market Progress"

Increased demand for water treatment is projected to upsurge market progress. The material has excellent porous properties which are extensively used in water treatment. It helps to remove various water pollutants such as metallic ions, salt, nanoparticles, anions, and organic chemicals. The material is used for developing new nanoporous materials for economic, quick, and high-performance water purification. These advantages of the product are projected to surge market progress in the upcoming years.  The material is extensively used in the food and beverage sector for its unique characteristics such as small size, high surface area, high reactivity, and high stability. The material is used in food processing, food microbiology, and food safety. These factors are anticipated to surge the nanoporous materials market growth in the forthcoming years.

"Increased Adoption of the Materials in Petroleum Industry to Accelerate Market Progress"

High demand for oil and gas globally coupled with a broad usage of the material in the petroleum industry is anticipated to surge market progress. The materials are used as nano-reactors, catalysts, adsorbents, ion-exchange resin, and mediate with lower dielectric constant. Further, the growing adoption of zeolites as a backbone and high-end catalyst is anticipated to surge market progress. An increase in demand for the material in the chemical sector coupled with increased R&D activities is predicted to expand the nanoporous materials market growth over the forecast period.

RESTRAINING FACTORS

"Strict Government Regulation and Higher Costs to Hamper Market Growth"

Stringent government regulations and the high cost of the material are predicted to hamper the growth of the global nanoporous material market in the upcoming years. The material has carcinogenic nature which is projected to hinder market growth.

Nanoporous Materials Market REGIONAL INSIGHTS

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"Growing Demand for Chemical Advancements in North America to Drive Market Share "

North America is experiencing the highest nanoporous materials market share due to the high demand for new biomedical and chemical advancements. Increased investment by the government for R&D activities in the region is anticipated to foster market growth. High demand for materials in electronic, biomedical, and magnetic devices is estimated to expand market growth. The materials are used as nano-reactors, catalysts, adsorbents, ion-exchange resin, and mediate with lower dielectric constant.

Europe is projected to hold the second largest share owing to growth in the chemical sector and high demand for the material from end-users. These factors are responsible to foster the nanoporous materials market growth in the region.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Exxon Mobil Corporation (U.S.)
• BASF SE (Germany)
• Albemarle Corporation (U.S.)
• Chemviron Carbon S.A. (Belgium)
• Calgon Carbon Corporation (U.S.)
• Mineral Technologies Inc. (U.S.)
• Clariant AG (Switzerland)
• Kuraray Chemical Co. (Japan)
• Zeochem AG (Switzerland)
• Zeolyst International (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.