Portland, OR, Feb. 03, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global nanozymes market generated $1.1 million in 2021, and is estimated to reach $1.9 million by 2031, witnessing a CAGR of 5.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.1 Million |
| Market Size in 2031 | $1.9 Million |
| CAGR | 5.7% |
| No. of Pages in Report | 170 |
| Segments Covered | Type, Application and Region |
| Drivers | Rise in demand for nanozymes materials from the biomedical industry |
| Rising need for low-cost and highly stable enzymes | |
| Numerous advantages of nanozymes such as diverse enzyme-mimicking activities, low cost, high stability, robustness, unique surface chemistry, and ease of surface tunability and biocompatibility have allowed their integration in a wide range of biosensing applications | |
| Opportunities | Advantages of nanozymes in agricultural application |
| Restraints | Stringent government regulations |
Covid-19 Scenario:
- During the COVID-19 pandemic, the key market companies faced challenges due to intermittent supply chain activities and uncertain market conditions owing to trade restrictions and lockdowns.
- As Asia-Pacific is a key supplier of nanozymes, restrictions put on its countries to minimize the spread of the virus reduced the demand for synthetic enzymes products.
- Since 2021, the operations of various end-use industries began normally which helped raise the demand for mineral turpentine from end-use industries such as agricultural, chemical and others, thereby leading to the growth of the market.
The report offers a detailed segmentation of the global nanozymes market based on type, application, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
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Based on type, the active metal center mimic segment held the largest share in 2021, accounting for one-third of the global nanozymes market, and would rule the roost through 2031. The same segment is estimated to witness the fastest CAGR of 6.1% during the forecast period. The report also discusses the functional mimic, nanocomposite, and 3D structural mimic segments.
In terms of application, the agriculture segment captured the largest market share of more than one-third of the global nanozymes market in 2021 and is expected to lead the trail during the forecast period. The healthcare segment, on the other hand, is likely to achieve the fastest CAGR of 6.1% through 2031. The report also studies the chemical and others segments.
Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than one-third of the global nanozymes market share, and is likely to maintain its leadership status during the forecast period. The same market is expected to manifest the highest CAGR of 6.1% from 2022 to 2031. The other regions analyzed in the study include North America, Europe and LAMEA.
Leading players of the global nanozymes market analyzed in the research include Profacgen, Max Systems LLC, FutureX Industries, Nano Medichem (P) Ltd., and Emergene Agrinovo Private Limited.
The report analyzes these key players of the global nanozymes market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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