Canada Nanomaterials Market Size & Outlook, 2023-2030
Canada nanomaterials market, 2018-2030 (US$M)
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Canada nanomaterials market highlights
- The Canada nanomaterials market generated a revenue of USD 845.6 million in 2023 and is expected to reach USD 2,000.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, carbon nanotubes was the largest revenue generating material in 2023.
- Ti (Titanium) is the most lucrative material segment registering the fastest growth during the forecast period.
Nanomaterials market data book summary
| Market revenue in 2023 | USD 845.6 million |
| Market revenue in 2030 | USD 2,000.0 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Carbon nanotubes |
| Fastest growing segment | Ti (Titanium) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Au (Gold), Ag (Silver), Fe (Iron), Cu (Copper), Pt (Platinum), Ti (Titanium), Ni (Nickel), Aluminum Oxide, Antimony Tin Oxide, Bismuth Oxide, Carbon Nanotubes |
| Key market players worldwide | Air Products & Chemicals Inc, Nanoco Group PLC, Frontier Group Holdings Inc, Nanophase Technologies Corp, Cytokinetics Inc, Quantum Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 6.8% of the global nanomaterials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. nanomaterials market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 7,540.7 million by 2030.
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Nanomaterials Market Scope
Nanomaterials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada nanomaterials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nanomaterials market will help companies and investors design strategic landscapes.
Carbon nanotubes was the largest segment with a revenue share of 23.94% in 2023. Horizon Databook has segmented the Canada nanomaterials market based on au (gold), ag (silver), fe (iron), cu (copper), pt (platinum), ti (titanium), ni (nickel), aluminum oxide, antimony tin oxide, bismuth oxide, carbon nanotubes covering the revenue growth of each sub-segment from 2018 to 2030.
Nanomaterials are expected to emerge as a significant technological force in reshaping the country’s business environment across all industrial sectors in the foreseeable future and are expected to provide significant growth prospects.
For example, Canada has become the first country in the world to introduce a mandatory safety reporting scheme for companies producing or supplying nanomaterials. Nanogrande developed the world's first commercially available 3D printer capable of manufacturing at the molecular scale, while D-Wave Systems introduced the world's first commercially available quantum computer.
In this spirit, the government no longer funds one lab working on one item in isolation and favors a multi-faculty approach, where people with different backgrounds (engineering, medical, science, and regulations) can work together on nanotechnology issues. This approach encourages progress in this domain.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada nanomaterials market , including forecasts for subscribers. This country databook contains high-level insights into Canada nanomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nanomaterials market size, by material, 2018-2030 (US$M)
Canada Nanomaterials Market Outlook Share, 2023 & 2030 (US$M)
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