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MARKET OUTLOOK

Triton Market Research’s report establishes that the nanomaterials market in North America is expected to register growth at a CAGR of 14.59% in revenue and 15.23% in volume over the years 2021-2028. The United States and Canada form the market in the considered region.

In North America, the nanomaterials market is growing rapidly, owing to the availability of the latest technologies integrated with nanomaterials. Moreover, several industries employ nanomaterials, including healthcare and electronics, adding to the considered market’s progress immensely. The United States is witnessing a rise in investments in nanotechnology research and development. Hence, these factors generate opportunities for the nanomaterials market across the region. 

Canada, for instance, has observed considerable growth in public spending on healthcare over the past few years. Along with this, there has been a rise in government spending on infrastructure development in recent years. This growth in the construction and healthcare sectors has surged the consumption of nanomaterials for various applications. This will, in turn, advance the nanomaterials market’s growth in the country. 

Other than this, the Canadian electronics industry is developing at a steady pace, allowing the market to have stable growth. Besides, the country has established the automotive supply sector comprising the largest auto parts companies, which will increase the consumption of nanomaterials significantly. Hence, these factors are likely to create affluent opportunities for the Canadian nanomaterials market in the near future. 

COMPETITIVE OUTLOOK

The major enterprises in the nanomaterials market are Arkema, Covestro AG, Daikin, Dupont, and BASF.