Metal & Metal Oxide Nanoparticles Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Metal & Metal Oxide Nanoparticles Market grew at a CAGR of 6.8% between 2017-2021 and is estimated to be US$ 17,659.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 9.1% and is expected to reach a valuation of US$ 42,192.3 Mn by 2032 end.
The personal care & cosmetics sector is projected to affect the use of metal & metal oxide nanoparticles directly. The continuing demand for these materials will provide a significant market opportunity for producers, distributors, and manufacturers of metal powders and nanomaterials.
INCREASING DEMAND FROM THE ELECTRONICS INDUSTRY
The demand for the Electronics industry has increased since the pandemic, largely due to a shift in work-from-home culture. One of the major factors driving this change is that many people have begun to adopt online cultures of entertainment and work, which has led to an increase in cloud storage requirements, data servers, computational power, and electronic gadgets. With this demand for electronic devices, cloud storage capacity, and internet connectivity, the need for metal and metal oxide nanoparticles will continue to increase.
TOXICITY INCORPORATED WITH METAL OXIDE HAMPERS THE MARKET GROWTH
Metal and metal oxide nanoparticles are frequently employed in many different industries. However, they have toxic side effects that can be dangerous for anyone who contacts them. Through inhalation, ingestion, or skin contact, nanoparticles can build up in sensitive organs like the liver, heart, spleen, kidney, and brain. They can frequently create reactive oxygen species (ROS), which can cause oxidative stress, inflammation, protein cell damage, and, in rare instances, DNA damage. This presents a problem for the market’s expansion for metal and metal oxide nanoparticles.
During the COVID-19 pandemic, many industries suffered a tumultuous time, which was no different for the Metal & Metal Oxide Nanoparticles market. Many governments across the globe implemented lockdown regulations, and factories & production facilities in many sectors halted. Supply chain disruptions were common during the pandemic. With fewer factories running than usual and a limited supply chain, end-use industries faced challenges during the pandemic.
Market Segments Covered in Report
By Region and Country:
Why are Metal Nanoparticles projected to ensure the most revenue during the forecast period?
At 56.0% of the market, Metal Nanoparticles had the greatest revenue share. Metal nanoparticles have a metal core composed of inorganic metals smaller than 10 nm and have strong fluorescent properties. Gold is one of the most commonly used metal nanoparticles, as gold is used in electronics, photodynamic therapy, and various sensors, amongst other applications. Their wide variety of applications is one of the driving factors for the growth of this segment.
Why is the Electrical & electronics segment expected to expand the fastest during the forecast period?
Metal and metal oxide nanoparticles will be used in a wide variety of electrical & electronics applications like the manufacture of semiconductors and sensors and optoelectronics. Other than the Electronics and Information Technology industries. Technology advancement and advancements in multiple fields are expected to propel the growth of this industry. Furthermore, increasing investments made by public and private enterprises across the globe are also contributing significantly towards economic development.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The global market for metal and metal oxide nanoparticles is highly fragmented, with several competitors. Key players are concentrating on collaboration and expansion projects to increase their sales and worldwide presence. At the same time, other important players focus on improving their regional and global footprint.
Some of the key developments that have taken place in the Metal & Metal Oxide Nanoparticles Market include:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, End-use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 9.1%.
Nanomaterials come in many different shapes and forms, and they can be used in the cosmetics industry. As R&D in the cosmetics industry advances, many nanostructures are being examined for use in cosmetics.
Major global Metal & Metal Oxide Nanoparticles Market players are American Elements, U.S. Research & Nanomaterials Inc., Nanoshel LLC, Meliorum Technologies Ltd, Nanostructured & Amorphous Materials, Inc., Nanophase Technologies Corporation, Showa Denko KK, NanoComposix Inc., Tekna Systèmes Plasma Inc., Sigma-Aldrich Co LLC, Shanghai Huzheng Nanotechnology Co., Ltd
Several elements could limit market expansion throughout the anticipated period. The toxicity of certain nanoparticles is one of the important issues. Nanoparticle toxicity has raised concerns about their use, particularly in the medical industry. Metal nanoparticles’ biological activity and toxicity differ significantly from their bulk counterparts.
The North America region is expected to account for the largest market revenue share in the Global Metal & Metal Oxide Nanoparticles market.
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