PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606488
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606488
The Metal & Metal Oxide Nanoparticles Market was estimated at USD 31,152.5 million in 2023, growing at a CAGR of 12.20% between 2024 and 2032.
Nanoparticles are microscopic particles that range in size from 1 to 100 nanometers and are surrounded by an interfacial layer. The interfacial layer is typically made up of ions organic, and inorganic molecules. Metal nanoparticles are classed as copper, titanium, silicon, iron, aluminum, gold, silver, platinum, magnesium, and zinc. Metal oxide nanoparticles are classified as iron oxide, titanium oxide, zinc oxide, bismuth oxide, aluminum oxide, copper oxide, magnesium oxide, and tungsten oxide.
Metal & Metal Oxide Nanoparticles Market- Market Dynamics
The increasing demand of the electronics industry
The electronics industry has seen increased demand since the outbreak. This is because many people have begun to adopt a work-from-home culture, which has resulted in a growth in cloud storage requirements, data servers, and computer segments. Along with technical requirements, there has been a surge in demand for electronic gadgets and internet access as more individuals adopt online work and recreation cultures. According to the Japan Electronics and Information Technology Industries Association (JEITA), the worldwide electronics and IT industry's production value is expected to increase by 7% year on year in 2021, reaching USD 3,175.6 billion. This is one of the key factors driving the Metal and Metal Oxide nanoparticles market, as demand in the electronics industry has increased.
Metal & Metal Oxide Nanoparticles Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 12.20% from 2024-2032.
According to Chemicals segmentation, in 2023, the metal nanoparticles segment became the dominating segment in the worldwide Metal & Metal Oxide Nanoparticles market.
According to application segmentation, the pharma and healthcare category is expected to expand rapidly during the forecast period
On the basis of region, North America was the leading revenue generator in 2023
The Global Metal & Metal Oxide Nanoparticles Market is divided into three segments: Chemical, application, and region.
The market is divided into two divisions based on Chemicals: Metal nanoparticles (Titanium, Silicon, Aluminum, Iron, Gold, Copper, Silver, Magnesium, Platinum, Zinc, and Others), Metal oxide nanoparticles (Titanium Oxide, Bismuth Oxide, Zinc Oxide, Magnesium Oxide, Aluminum Oxide, Iron Oxide, Copper Oxide, Tungsten Oxide, and Others). The leading part usually consists of metal nanoparticles. This is also true for silver and gold nanoparticles, as these are highly known because of their application in a vast number of electronics, health-associated products, and antimicrobial products. They have the widest range of applications due to the antibacterial characteristics of silver nanoparticles used in coatings and medical devices; gold nanoparticles are further applied because of their compatibility in diagnostics and drug delivery.
The market is segmented into seven segments according to application: Defense, Pharma & Healthcare, Chemical & Coatings, Personal Care & Cosmetics, Electrical & Electronics, Transportation (Automobile, Marine, Aviation), and Others. The pharma and healthcare segment is predicted to rise at a high CAGR over the forecast period, owing to rising demand for improved medical treatments and diagnostics. Nanometal oxides, such as ZnO and TiO2, are widely employed for drug administration, biomedical imaging, and therapeutic applications due to their biocompatibility and unique characteristics. These materials improve therapeutic efficacy and allow for tailored distribution, which is critical for treating a wide range of disorders, including cancer.
Metal & Metal Oxide Nanoparticles Market- Geographical Insights
Geographically, this market is distributed over Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa. These regions are further segmented according to the countries bringing commerce. North America dominated the global market in 2023, owing to rising demand for high-performance gadgets such as smartphones, tablets, and wearable devices. Nanometal oxides (ZnO and TiO2) play a significant role in producing semiconductors, sensors, and other electronic components due to their unique electrical and optical properties. Furthermore, these nanoparticles have applications in air pollution management, water purification, and hazardous waste treatment, with an increased emphasis on environmental sustainability.
Asia Pacific (APAC) is projected to have the highest revenue CAGR throughout the projection period. Emerging economies, including India, South Korea, and China, are predicted to grow during the forecast period. The rising standard of living and population in APAC are expected to drive demand for cosmetics, electronics, and innovative healthcare solutions.
The metal and metal oxide nanoparticles market is an extremely competitive landscape where several major players aim to exploit the increasing demand for nanomaterials across a wide range of applications. Some of the key companies in this market include Sigma-Aldrich Co. LLC, U.S. Research & Nanomaterials Inc., NanoComposix Inc., and Tekna Systemes Plasma Inc. are placed at the front end, offering a wide range of nanoparticles for electronics, medical applications, and environment. The drivers behind the growing competition here are the rising uses of such nanoparticles for unique properties like enhanced conductivity, catalytic activity, or antimicrobial action.
In August 2023, Tekna collaborates with Tri-Tech; Tekna's high quality significantly increases our expertise in binder jet 3D printing. It allows us to provide our clients with the advantages of this groundbreaking technology while also reducing production lead times and boosting performance in critical applications