The global market of nanotechnology products accounted for US$ 10.34 Bn in 2020 and is anticipated to grow to US$ 38.17 Bn by 2029.
In the 21st century, many products such as cosmetics, pharmaceuticals, sunscreen, powdered food, etc. used in everyday life are made with the assistance of nanotechnologies and ultimately we can say those nanotechnology products.
These are the end products containing nanoparticles (NPs), generally added to improve the quality of products.
Nanotechnology is considered the most imminent technology in the 21st century, having outstanding potential for industrial applications.
With the help of nanotechnology, it is possible to develop or manipulate and control particles, materials, and devices at a molecular scale using physical or chemical methods, or both.
Typically, all these processes take place within the particle size range of about 1 to 100 nanometers (nm).
The industrial revolution of nanotechnology products
The invisible nanoparticles (NPs)that fight cancer cells, protect the skin from various pathogenic microorganisms as well as UV-rays, batteries that last 10 times longer, solar panels that yield twice as much energy, and faster microprocessors that consume less energy.
These are just the results of some of the many applications of nanotechnology.
Nanotechnology products represent the fastest-growing market in the 21st century, which brings a combination of benefits and promises.
The demands for industrial applications of nanotechnologies are increasing tremendously, and in some cases revolutionized, some of which are very close to our everyday life such as cosmetics, personal care, medicine, pharmacy, food safety, and agriculture.
Since 1959, nanotechnology has emerged in different fields of study and it has been virtually 40 years since nanotechnology has intruded into the field of cosmetics, health products, and dermal preparations.
According to Research and Markets, In 2020, the North American region dominated the global nanomaterials market and contributed a share of more than 30% of revenue generated worldwide.
The major share of which comes from the US which held the largest market in North America with a share of more than 80%.
The global nanomaterials market accounted for US$ 10.34 Bn in 2020 and is anticipated to grow to US$ 38.17 Bn by 2029 growing at a CAGR of 17.8% throughout the forecast period from 2021 to 2029.
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Personal Care and Cosmetics nano products
Cosmeceuticals are contemplated as the fastest-growing fragment of the personal care industry and the demand of the global market for personal care products containing nanomaterials is increasing enormously.
The applications of nanotechnology in the field of cosmetics have found the name of nanocosmetics.
The ability to attain the enhanced properties of particles such as color, transparency, solubility, etc. at the nano level makes the widespread influence of nanotechnology in the cosmetic industries.
Major Classes of Nanocosmeceuticals
There are various nanotechnology-based cosmeceutical products available in the market and these include; Moisturizers, Antiwrinkle, Sunscreens, Antiaging Products, Hair Care, Skin Cleanser, Lip care, Face mask, Nail Care, etc.
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