Polymeric Nanoparticles Market Expected to Reach $1,511.8 Million by 2030

According to a new report published by Allied Market Research titled, “Polymeric Nanoparticles Market by Type and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The polymeric nanoparticles market accounted for $551.9 million in 2020, and is projected to attain $1,511.8 million by 2030, growing at a CAGR of 10.6% from 2021 to 2030.

Polymeric nanoparticles have qualities including great heat resistance, good electrical conductivity, and improved dimensional stability. These nanoparticles are gaining interest in compact electronics manufacturing due to the qualities outlined above. Polymer-based nanoparticles are generally interconnected with unique characteristics. The significance of these materials originates from the unique properties of polymeric nanoparticles.

There is an increase in the demand for polymeric nanoparticle owing to increased market penetration in the aerospace and pharmaceutical industries. Furthermore, polymeric nanoparticles (PNPs) have received much interest in nanomedicine, because of their ability to change their surface. However, stringent polymer regulatory rules are projected to continue to be a major barrier to polymeric nanoparticles market growth. On the contrary, widespread research and development to use polymeric nanoparticles in medical devices and medication delivery systems is likely to expand the market's application possibilities during the forecast period.

The polymeric nanoparticles market is segmented into type and end-use industry. By type, the market is bifurcated into nanocapsule and nanosphere. On the basis of end-use industry, the polymeric nanoparticles market is categorized into pharmaceutical, electronics, and others. Region-wise, the polymeric nanoparticles market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The polymeric nanoparticles market share is also analyzed across all segments.

Some of the key players operating in the polymeric nanoparticles market are Aphios Corporation (Aphios), Nano research elements (Nanorh), Phosphorex, Inc. (Phosphorex), CD Bioparticles, NanoSynthons LLC (NanoSynthons), Biopharma PEG (Biopharma), Creative PEGWorks (CPW), Nanoshel, Exelead, and Nanovex Biotechnologies SL (Nanovex).

Other players in the polymeric nanoparticles market are Thermo scientific (Thermo), Dolomite Microfluidics (Dolomite), Evonik, Advanced Nanotech Lab. (Advanced Nanotech), Sintef, Merckmillipore (Merck), HiQ-Nano s.r.l. (HiQ-Nano), Attonuclei, and others

Key findings of the study

• The report outlines the current polymeric nanoparticles market trends and future scenario of the market from 2021 to 2030 to understand the prevailing opportunities and potential investment pockets.
• The polymeric nanoparticles market size is provided in terms of revenue.
• On the basis of type, the nanosphere; segment gained 75.1% share in 2020 in terms of revenue.
• On the basis of region, the Europe region garnered market share of 23.0% in 2020 in terms of revenue.
• On the basis of end-use industry, others segment garnered market share of 28.8% in 2020 in terms of revenue.
• The report also covers the impact of governmental regulations on the polymeric nanoparticles market.

Impact of COVID-19 on the polymeric nanoparticles market

• The manufacturing as well as the supply regions witnessed economic slowdown owing to lockdown.
• The raw material procurement was a challenge owing to disturbed transportation services.
• Asia-Pacific is manufacturing hub for electronics and has presence of rising biomedical sector, which was disturbed in starting quarters of 2020, owing to outbreak of COVID-19 which hindered demand for polymeric nanoparticles up to some extent.