The global Nanomaterials market size was valued at USD 9.39 billion in 2021 and is expected to register at a CAGR of 14,9% during the forecast period. The market is expected to be driven by increasing demand for the product in electronic application owing to its increased surface area at the time of application coupled with its high superparamagnetic properties. The application of Nanomaterials is also increasing in the medical industry on account of the utilization of products in various in-vitro and in vivo application. The rising investment by various research laboratories and Biomaterials industries for increasing product penetration in targeted drug delivery, gene therapy.
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