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Press Release: Metal & Metal Oxide Nanoparticles Market to reach around US$ 63,334.7 million by 2027
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Nanoparticles are small particles that range between 1 - 100 nanometer in size enveloped in an interfacial layer. The interfacial the layer usually consists of ions, organic and inorganic molecules. Metal Nanoparticles can be classified into copper, titanium, silicon, iron, aluminum, gold, silver, platinum, magnesium, and zinc. Metal oxide nanoparticle is categorized into iron oxide, titanium oxide, zinc oxide, bismuth oxide, aluminium oxide, copper oxide, magnesium oxide, and tungsten oxide.
The global metal & metal oxide nanoparticles market is projected to reach around US$ 63,334.7 million by the end of 2027, in terms of revenue, growing at CAGR of 13.6% during the forecast period (2020-2027).
Drivers:
Rising demand for metal and metal oxide nanoparticles from the electronic industry is expected to augment the market growth. Electronic industry produced various consumer goods such as communication and broadcasting equipment, consumer electronics goods, computers and other electronic products. Therefore, the electronic industry is the largest consumer of the metal and metal oxide nanoparticles which is a major factor fueling the market growth.
The growing use of zinc oxide nanoparticles in the manufacturing of sunscreen lotions and cosmetics products due to its UV protection properties are expected to augment the market growth of the metal and metal oxide nanoparticles. Growing demand for zinc oxide nanoparticles from textiles and paints &coatings industry due to its anti-fungal, anti-corrosion, anti-bacterial, and catalytic properties are further expected to accelerate the market growth.
Figure 1. Global Metal & Metal Oxide Nanoparticles Market Share (%) in terms of Value, By Region, in 2019
Asia Pacific region dominated the global metal & metal oxide nanoparticles market in 2019, accounting for 29.7% share in terms of value, followed by Europe and North America, respectively.
Market Restraints
An unfavorable economic condition such as slow down of the economy across countries such as India, the U.S., and Middle East Africa is expected to hamper the market growth of the metal oxide nanoparticles.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2019: | US$ 22,857.0 Mn |
| Historical Data for: | 2016 to 2019 | Forecast Period: | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR: | 13.6% | 2027 Value Projection: | US$ 63,334.7 Mn |
| Geographies covered: |
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| Companies covered: |
American Elements, U.S. Research & Nanomaterials Inc, Nanoshel LLC, Meliorum Technologies Ltd, Nanostructured & Amorphous Materials, Inc, Nanophase Technologies Corporation, Showa Denko K.K., NanoComposix Inc., Tekna Systèmes Plasma Inc., and Sigma-Aldrich Co. LLC |
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Market Opportunities
Growth in the paint& coatings industry across the developing region is expected to create enormous opportunities for the market of the metal and metal oxide nanoparticles. The growing focus of the government on the renovation of existing infrastructure especially public places is creating demand for paints which is also expected to accelerate the market growth of the metal and metal oxide nanoparticles over the forecast period.
Increasing use of zinc oxide nanoparticles in the pharmaceutical and tire industry which are expected to grow in the near future is providing lucrative opportunities to the market of metal and metal oxide nanoparticles. Growing demand for zinc oxide nanoparticles from ceramic, agriculture, and rubber industry is further expected to accelerate the market growth of the metal and metal oxide nanoparticles over the forecast period.
Figure 2. Global Metal & Metal Oxide Nanoparticles Market– Opportunity Analysis
Market Trends
The growing popularity of semiconducting metal oxide nanoparticles-based gas sensors due to its advantage such as sensitive & fast detection portability are expected to foster market growth. The growing demand for nano-sized metal oxide from catalysts, sensors, photoelectronic devices, and high-end electronic devices is also expected to augment the market growth of the metal and metal oxide nanoparticles over the forecast period.
Figure 3. Global Metal & Metal Oxide Nanoparticles Market Share (%) in terms of Value, By Application, in 2019
On the basis of application in 2019, the personal care & cosmetics segment has accounted the largest market share of 36.6% in terms of value, followed by chemical & coating and pharma & healthcare segment respectively.
Global Metal & Metal Oxide Nanoparticles Market - Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic has led the world in the ‘uncharted territory’, which has impacted global economy drastically. The coronavirus outbreak is expected to have impact on employment and consumer spending. Customers are expected to spend less on premium & luxury cosmetic products which will lead decreasing demand for these products. This is expected to decrease the demand for metal & metal oxide nanoparticles from personal care & cosmetics industry. However, demand from pharmaceutical industry is expected to be remain unaffected during the outbreak. Silver and gold nanoparticles are emerging as effective solutions to a variety of issues related to COVID-19 from disinfection to imaging. According to Coherent Market Insights, metal & metal oxide nanoparticles is expected to grow at a lower CAGR due to reduced demand from personal care & cosmetics industry.
Competitive Section:
Company Names
Nanoparticles can be referred to as a particle that has a size between 1 to 100 nanometer. They find various application across electronics, optics, and medicine industry. They can create an effective bridge between the molecular structures and the bulk materials. Nanoparticles have excellent physical, chemical, and surface properties that enable their application across various industries. Chemical & coatings, automobile, electrical & electronics, pharma & healthcare, marine, aviation, personal care & cosmetics, and defense are some of the major end-user of nanoparticles.
Market Dynamics
Increasing replacing silver nanoparticles with copper for the production of antibacterial fabrics that can be further use in home textile and medical apparel is a major trend in the market. Moreover, copper is cheaper than silver which also makes a cost-effective and environmentally friendly process. Therefore, the growing use of copper in place of silver for the manufacturing of antibacterial fabrics is expected to augment the market growth of metal and metal oxide nanoparticles.
Rising adoption of nanotechnology across various end-user industries is a major trend in the market and this is expected to bolster the market growth of metal and metal oxide nanoparticles. Moreover, the growing use of metal oxide nanoparticles for treating hyperthermia disease treatment and in diagnostic tools is expected to augment the market growth of the metal and metal oxide nanoparticles over the forecast timeframe.
Toxicity associated with the copper oxide nanoparticle as their frequent use in the electronic products may contaminate the environment. This factor has compelled the government to impose environmental regulations in order to limit the use of copper nanoparticles. This is expected to hinder the market growth of the metal and metal oxide nanoparticles.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
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