TEHRAN - Figures of 2023 indicate that over 80% of Iran’s nanotechnology market is controlled by 100 top companies, and the civil and construction, automotive and transportation, and chemical industries have accounted for the largest share of domestic sales and exports.
Also products like sanitary valves, industrial catalysts, black grade polyethylene, and industrial carbon black have been at the top of the country’s best-selling nano products.
The market for nanotechnology-based products, equipment, and services in Iran during 2023, with the presence of hundreds of active companies, displayed a broad perspective of the capabilities and capacities of this field. Studies show that the majority of this market is controlled by a limited number of leading companies, and the civil and construction, automotive and transportation, chemicals, and oil and petrochemical industries have accounted for a significant share of domestic sales and exports.
Official figures show that key products like sanitary valves, building tiles, reflex glasses, automotive and oil and gas catalysts, black grade polyethylene, and industrial carbon black are at the top of the list of best-selling nano-based products in Iran.
At the end of 2023, a total of 438 companies, including estimated areas, were active in the production of nanotechnology products, equipment, and services, and over 80% of the total volume of the Iranian nanotechnology market in 2023 was in the hands of 100 companies.
Iran has made nanotechnology a priority in recent years, achieving remarkable success. The nanotechnology research website StatNano has ranked Iran as fourth in the world in nanotechnology publications.
Earlier reports in August said that Iran’s nanotechnology market has experienced significant and sustained growth over the past decade, and according to official figures, its average annual growth rate from 2013 to 2023 reached nearly 97%.
The average annual growth rate of 97% in the nano market means that the sales volume of nano-based products in Iran has doubled almost every year. This significant growth occurred while the largest jump was recorded in 2020 with a growth of 160%, and the growth in 2023 with 102%, exceeding the set targets (40%).
Despite the impact of factors like the increase in the exchange rate and inflation on the country’s economic indicators since 2017, Iran’s nanotechnology market has continued to enjoy sustained growth, and even the share of exports in this field reached 57,100 billion rials in 2023 (equivalent to 9.2% of the total market).
In addition to the product market, the nanotechnology equipment market has also grown significantly in recent years, specially in 2020, 2021, and 2023. As in 2023, after a period of decline, it experienced a growth of nearly 60%, and devices like ‘freeze dryers’ and ‘sputtering coating’ have been at the top of the best-selling equipment.
These statistics provide a clear picture of the dynamism, exports capacity, and upward trend of nanotechnology in Iran, which can be the basis for larger policymaking in the field of science, technology, and knowledge-based economy.