The global market size for nanoporous materials is estimated to grow from USD 3,629.1 million USD in 2023 to 6,349.0 million USD by 2030 at a compound annual growth rate of 8.5 % between 2024 and 2030.
The development of this sector can be credited to the severe water safety guidelines, and also the rising need for adsorbents. Furthermore, the high need for this material in electronic and magnetic devices will aid in the advancement of the market. Additionally, the growing acceptance of zeolites as a high-end catalyst is expected to fuel the need for them during the projection period. Furthermore, the rising research and development activities will propel the development of this industry.
Biomedical businesses are progressively utilizing nanoporous materials in releasing, sorting, isolating, and sensing biological molecules. Furthermore, they are utilized in immune-isolation and dialysis devices, scanning electron optical microscopes, and X-ray deflection. The biomedical sector endures to enhance with an elderly populace and one distressed with a host of chronic and communicable diseases.
Absorption is a major procedure in water treatment, and the acceptance of zeolites is growing for this work over multi-walled carbon nanotubes. This is mainly due to the exclusive adsorption features of zeolite membranes, as they strain out different microbes, metallic ions, organic molecules, and salts.
Zeolite is more effective than numerous other old-style sources of filtration due to its advanced absorption and filtration facilities, credited to its greater surface area than numerous other granular materials.
On the basis of type, the zeolites category is dominating the market with the largest market share. This can be credited to the strong acid forte and brilliant elasticity of this material in nearly all types of catalysts. Furthermore, they offer better performance in comparison to carbon and sand filters, including advanced throughput and cleaner water with a decreased requirement for maintenance of the filtration systems. Zeolites can also boost different catalytic reactions, like metal-induced and acid–base reactions.
A significant share of this sector is accounted for by the petroleum refinery category on the basis of end-use. In particular, the use of Nanoporous materials for petroleum refining has been growing rapidly in oil and gas. The use of nanomaterials with nanometer dimensions is enhancing the efficiency of many conversion procedures.
This is due to the fact that with decreasing particle sizes, material properties become more pronounced. The major advantage of the use of nanomaterials in catalysis is that they are exposed to a large surface area for reaction, which results in a reduced risk of undesirable reactions.
In recent years, the North American region's nanoporous materials sector accounts for a substantial share. This is mainly due to the growth of new biomedical techs, and also the fast-rising chemical sector in the region.
Source: P&S Intelligence