The nanomaterials market is expected to grow at a compound annual growth rate of 14.89% during the forecast period to reach the market size from US$42.323 billion in 2018 to US$97.334 billion by 2024. Supportive government activities and high interest in R&D exercises are additionally pushing the development of this market across the globe. Different drivers incorporate an expanding number of market players, declining costs of nanomaterials, and the improvement of newer materials.