Global Polymeric Nanoparticles Market Size (2023-2030)

The Global Polymeric Nanoparticles Market size was estimated to be worth $675.1 million in 2022, and it is projected to reach $ 1511.50 million by the end of 2030, with a fast CAGR of 10.6 % during the forecast period (2023 - 2030).

The primary drivers projected to propel the polymeric nanoparticles market forward are the increasing use of the nanoparticles across various different industries and their multi-faceted properties exhibited like long shelf life, extremely small size, heat resistance, and water solubility.

Industry Overview:

Polymeric nanoparticles are often referred to as PNPs or NPs. They have been popularized very recently with the development of technology and the growth of advancements across all sectors. Polymers refer to any product made with a combination of poly, or more than one, monomer. They are used across the board in products like epoxy resins, polyester, nylon, Teflon, and more. Polymeric nanoparticles are used to refer to particles that fall within the size range of about 1 to 1000 nm. NM, in this case, is a unit of measurement used to refer to all particles in the nano-size range. These products are extremely versatile and can be used across various industries ranging from automotive, electronics, pharmaceutical, and more. In the pharmaceutical industry, these nanoparticles find their major use in drug delivery purposes. In the electronics sector, they are used in almost all electronic devices ranging from mobiles and tablets to big computers and portable PCs and more.

COVID-19 Impact on the Polymeric Nanoparticles Market:

COVID-19 was a pandemic that spread across the globe and caused serious, and in many terms, irreversible damage. A pandemic is what medical professionals refer to as when a particular disease spreads across several continents, often to the entire globe. It is considered to be an epidemic when it’s contained in a particular region, country, or continent. The pandemic occurred because of the coronavirus which was initially not considered fatal. It was known to be a contagious virus but the initial symptoms were similar to that of a flu or a common cold which wasn’t a cause of major worry. But as the fatality took place governments across the globe started imposing regulations and lockdowns to prevent people from travelling. This also hindered the transport of products and raw materials for various different particles. Because of this, major supply chain issues were created that in turn resulted in stopping of various different services. The raw materials could not be made available hence the production need to be shut down. But during the forecast period the market is estimated to make a full recovery as things resume back to normal.

Market Drivers:

The increasing use of nanoparticles across different industries is poised to drive the market growth for Polymeric Nanoparticles:

Polymeric nanoparticles have become more popular as times have progressed. Technological developments have made it relatively easier than it used to be to manufacture polymeric nanoparticles. This has played a huge role in increasing their usage across various different industries. In the electronics industry, they are used to manufacture most devices like laptops, PCs, desktop computers, mobile phones, tablets, and more. They are embedded into every single device as a very significant component despite being very small. In the pharmaceutical sector, it is used mainly as a means of drug delivery. This implies that the polymeric nanoparticles ensure that the drug that is to be delivered to be patient is released very slowly and in a controlled manner. It also ensures that the delivery of the drug is targeted and affects the correct area making it a very significant and integral part. They are used as headlamp covers, vehicle and engine parts, tires, and more in the automotive industry. Therefore, their increasing use in various industries is driving the market.

Their multi-faceted properties exhibited long shelf life, extremely small size, heat resistance, and water solubility is estimated to help drive the market growth:

The polymeric nanoparticles are made under extremely controlled conditions that are very difficult to manage and recreate. This precision ensures that the particles have several properties that can be beneficial in all aspects. These particles are used in drug delivery which makes them exposed to different environments for a long time. They have a long shelf life and properties like heat resistance which make sure that they don’t harm the drugs that they carry which are sensitive. They can be incorporated into any product because their size is very small (1-1000 nm). This ensures that they are very compact and easy to manage. They have high electrical conductivity which makes them good substitutes for traditional materials. This also allows them to be used in industries like automotive and electronics. They can be used to transform medication and enzymes because they are water-soluble, non-toxic, and in most cases, completely biodegradable. Therefore all these multi-faceted properties combined help drive the growth of the market.

Market Restraints:

The Polymeric Nanoparticles Market's growth is being stifled by the high costs of production and manufacturing:

Polymeric nanoparticles did not exist until very recently in the history of the universe. At least their multi-faceted nature was not discovered. They are manufactured with the help of raw materials that can be available easily but the actual process of manufacturing is very complicated. It is an intensive process that requires the installation of expensive machinery, the use of skilled manual labor at several points, and a large capital investment. The production of the polymeric nanoparticles can prove to be very beneficial but it requires a very large up-front investment which can be difficult for several aspiring individuals. Therefore the high costs of production and manufacturing are hindering the market growth.

POLYMERIC NANOPARTICLES MARKET REPORT COVERAGE:

Market Segments:

This research report on the global Polymeric Nanoparticles Market has been segmented based on type, application, and region.

Polymeric Nanoparticles Market- By Type

• Nanocapsule
• Nanosphere

The polymeric nanoparticles are divided into nanocapsules and nanospheres. Nanocapsules are shells made from non-toxic polymers that hold some form of liquid inside them. Nanospheres, on the other hand, are matrixes formed with spheres ranging from 10-200 nm in diameter. Nanosphere held the majority of the market share amounting to over 75%. They are not easily water-soluble which ensures that they protect medications from being dissolved or contaminated.

Polymeric Nanoparticles Market- By Application

• Pharmaceutical
•  Electronics
• Automotive
• Others

The pharmaceutical sector held the largest market share and is estimated to grow at the fastest CAGR. This can be attributed to the increase in drug consumption and usage which helps in more polymeric nanoparticles being used in the form of drug delivery and as carriers. The increase in awareness regarding personal health and wellness also plays a major role.

Polymeric Nanoparticles Market- By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

North America held the largest market share and is estimated to dominate during the forecast period. In USA and Canada mainly, the use of nanoparticles to form antimicrobials and their other varied usage for different properties has aided the growth.

Because of the increasing developments in countries like Japan, China, India, South Korea, and more, Asia-Pacific is predicted to grow at the fastest rate.

Major Key Players in the Market

1. Cabot Corporation
2. Elementis Specialties, Inc.
3. Inframat Corporation
4. Nanocor Incorporated
5. Nanophase Technologies Corporation
6. Zyvex Technologies
7. Industrial Nanotech, Inc.
8. Aphios Corporation
9. CD Bioparticles
10. Sigma-Aldrich

Market Insights and Developments

• In April 2023, the major pharmaceutical company AstraZeneca announced their team was working towards lipid nanoparticles being used as delivery vehicles for therapeutics that can directly target a cell.
• In June 2021, Phosphorex and Dolomite Microfluidics came together to work in the pharmaceutical industry towards developing a lipid nanoparticle and a polymeric nanoparticle that will help in the non-viral delivery of medicines and vaccines.