METAL AND METAL OXIDE NANOPARTICLES MARKET ANALYSIS

The Global Metal And Metal Oxide Nanoparticles Market is projected to reach around US$ 81.48 billion by the end of 2030, in terms of revenue, growing at CAGR of 12.5% during the forecast period (2023-2030).

Drivers:

• Rising demand for metal and metal oxide nanoparticles from the electronic industry

Rising demand for metal and metal oxide nanoparticles from the electronic industry is expected to augment the market growth. The 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 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 their UV protection properties are expected to augment the market growth of the metal and metal oxide nanoparticles. Growing demand for zinc oxide nanoparticles from the textiles and paints & coatings industry due to their anti-fungal, anti-corrosion, anti-bacterial, and catalytic properties are further expected to accelerate the market growth. For instance, in 2021, nanoComposix, enhanced its process development for scaling up gold citrate particles to 40 nm for application in lateral flow diagnostic tests

Market Restraints

The market expansion for metal oxide nanoparticles is anticipated to be hampered by an unfavorable economic situation, such as a slowdown in the economies of nations like India, the United States, and Middle East Africa.

Market Opportunities

Growth in the paint & coatings industry across the developing region is expected to create enormous opportunities for the market of 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 the ceramic, agriculture, and rubber industries is further expected to accelerate the market growth of metal and metal oxide nanoparticles over the forecast period.

Market Trends

The growing popularity of semiconducting metal oxide nanoparticles-based gas sensors due to its advantage such as sensitivity & fast detection portability is 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 metal and metal oxide nanoparticles over the forecast period.

Segments covered of Global Metal and Metal Oxide Nanoparticles Market

• Global Metal & Metal Oxide Nanoparticles Market Share, by Region in 2022

Asia Pacific region dominated the global metal & metal oxide nanoparticles market in 2022, accounting for a 29.7% share in terms of value, followed by North America, latin America respectively.

Figure 1: Global Metal & Metal Oxide Nanoparticles Market, By Region 2022

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• Global Metal & Metal Oxide Nanoparticles Market Share by Region

On the basis of application in 2022, the chemical & coating segment has accounted for the largest market share of 36.6% in terms of value, followed by personal care & cosmetics and pharma & healthcare segments respectively.

Figure 2: Global Metal & Metal Oxide Nanoparticles Market, By Region 2022

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Global Metal & Metal Oxide Nanoparticles Market- Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic has led the world into ‘uncharted territory’, which has impacted the global economy drastically. The coronavirus outbreak is expected to have an impact on employment and consumer spending. Customers are expected to spend less on premium & luxury cosmetic products which will lead to decreasing demand for these products. This is expected to decrease the demand for metal & metal oxide nanoparticles from the personal care & cosmetics industry. However, demand from the pharmaceutical industry is expected to 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 are expected to grow at a lower CAGR due to reduced demand from the personal care & cosmetics industry.

Key development

• In 2021, Fortis Life Sciences acquired nano Composix, manufacture and commercialize high-impact nanotechnology solutions through a potent synergy inside the life science reagent sector.
• In 2023, Tekna collaborate with Tri tech, Tekna high quality considerably improves our skills in binder jet 3D printing. It enables us to provide our clients with the benefits of this ground-breaking technology while also shortening production lead times and improving performance in important applications."

Competitive Section:

• American Elements
• 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.
• Sigma-Aldrich Co. LLC

Definition: Nanoparticles are small particles that range between 1-100 nanometer in size enveloped in an interfacial layer. The interfacial 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, aluminum oxide, copper oxide, magnesium oxide, and tungsten oxide.