METAL AND METAL OXIDE NANOPARTICLES MARKET ANALYSIS

Market Challenges And Opportunities

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.