Metal Nanoparticle Market Overview:
The Metal Nanoparticle Market is anticipated to grow at a 15.9% CAGR between 2021-2027, states the new Market Research Future (MRFR) report.
Metal nanoparticles, simply put, are submicron scale entities that are made of pure metals such as thallium, iron, cerium, zinc, titanium, silver, platinum, and gold or their compounds such as chlorides, fluorides, phosphates, sulfides, hydroxides, and oxides. Metal nanoparticles have an extensive range of applications, including personal care and cosmetics, catalyst, electrical and electronics, and others such as glass, paints, aerospace, textile, and water treatment.
Numerous factors are adding to the growth of the global metal nanoparticles market. These factors, according to the latest Market Research Future report, include the introduction of advanced and new materials, demand for target-specific diagnosis as well as therapeutics, demand for innovative drugs, funding and supportive government initiatives, increasing demand in the healthcare and pharmaceutical industry, and rise in application areas.
On the contrary, expensive and highly complex manufacturing, growing concerns about the toxicity of nanoparticles, and volatile metals price are factors that may hinder the global metal nanoparticles market during the forecast period.
Market Segmentation
The Market Research Future report provides a complete segmental analysis of the global metal nanoparticles market based on end use industry and metal.
By metal, the global metal nanoparticles market is segmented into graphite, platinum, copper, iron, silver, and gold. Of these, the gold nanoparticles segment will dominate the market during the forecast period for its rising demand in manufacturing medical equipment, and antimicrobial & antibacterial drugs. Besides, gold nanoparticles are also utilized as anti-aging and whitening agents in different cosmetic products and as preservatives in the cosmetic and food products.
By end use industry, the global metal nanoparticles market is segmented into food and beverage, personal care & cosmetics, electronics & semiconductor, healthcare, and others. Of these, the healthcare segment will have the maximum share in the market during the Metal Nanoparticle Market Revenue Forecast for its widespread application to treat chronic diseases and technological advances in the medical sector.
Regional Analysis
By region, the global metal nanoparticles market report covers the latest trends and growth opportunities across North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Of these, the APAC region will lead the market during the forecast period for the expanding semiconductor, electronics, and healthcare industries in the region. Moreover, government initiatives, low manufacturing costs, and increasing use as cosmetics and food preservatives are also adding to the market growth.
The global metal nanoparticles market in Europe will have notable growth during the forecast period while in Latin America, and the MEA will have a steady growth.
The global metal nanoparticles market in North America will have healthy growth during the forecast period. Numerous factors are adding to the growth of the metal nanoparticles market in the region, such as increased expenditure on healthcare research, advancements in the semiconductor and electronics industry, and well-developed healthcare industry.
Industry News
May 2019: Researchers at the Bhabha Atomic Research Centre in Mumbai have developed a method which helps in preparing silver nanoparticle that is loaded with antibacterial power which can be used for cleaning water and helping in waste management. This new technique will help in avoiding the usage of chemicals at the time of synthesis and, above all, is eco-friendly. In fact, this nanoparticle loaded powder can be mixed in paints and used in surfaces where there are ample chances of infection such as toilets, kitchens, and walls in hospitals to provide them with an antimicrobial coating.
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Key Players
Notable players profiled in the global metal nanoparticles market report include Avansa Technology & Services (India), Nanocs Inc (US), US Research Nanomaterials Inc. (US), Nanocomposix (US), Tanaka Holdings Co. Ltd (Japan), BBI Solutions (UK), Cerion LLC (US), Blacktrace Holdings Ltd (UK), Nanoshel LLC (US), Hongwu International Group Ltd (China), Meliorum Technologies Inc. (US), Strem Chemicals, Inc. (US), EPRUI Biotech Co. Ltd (China), and American Elements (US). Key players have incorporated several strategies to stay ahead in the competition, such as research and development activities, collaborations, product launch, mergers and acquisitions, and others.
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