PUBLISHER: Grand View Research | PRODUCT CODE: 1575177
PUBLISHER: Grand View Research | PRODUCT CODE: 1575177
The global gold nanoparticles market size is anticipated to reach USD 15.65 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 10.7% from 2024 to 2030. Increasing demand from various end-use industries, high demand for nanotechnology induced diagnostics and treatments in healthcare industry, and technological advancements are anticipated to propel the market.
North America led the market in the previous years and is expected to witness growth in near future as well owing to the increasing R&D investments by nanotechnology organizations and universities. Furthermore, growing medical diagnostics domain is also projected to contributing to the regional market growth.
Electronics segment is expected to grow impressively in the forthcoming years owing to rising demand for consumer electronics, compact storage devices, and high usage of nanotechnology in photovoltaic cells. Hence, such growing niche applications are expected to create lucrative opportunities for the gold nanoparticles market during the forecast period.
Growing awareness for metal nanomaterials essentially for diagnosis and treatment of tumor cells is trending in the market. Additionally, efforts for R&D and innovations in gold nanoparticles domain is yet another trend witnessed in the market. Use of gold nanoparticles as nanorods has opened new growth avenues for the detecting cancerous tumors and improved biological imaging.