Metal Nanoparticles Market Expected to Collect 25.26 Billion USD by 2022
The [149 Pages Report] Metal Nanoparticles Market was valued at USD 10.92 Billion in 2016, and is projected to reach USD 25.26 Billion by 2022, at a CAGR of 15.4% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
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On the basis of metal, the market for metal nanoparticles is segmented into platinum, gold, silver, iron, titanium, copper, nickel, and others (aluminum, zinc, magnesium, and tin). Economical price, easy availability, and wide application areas (in electrical & electronics, cosmetics, healthcare, and textile industries) contribute to its dominant position in the market, in terms of volume. The gold nanoparticles segment is projected to grow at the highest CAGR during the forecast period. Non-toxic and bio-compatible nature of gold nanoparticles to both in-vitro and in-vivo environments contribute to the growing application of gold nanoparticles in the biomedical industry. Furthermore, gold nanoparticles have also made their presence felt in fuel cell applications, therapeutic agent delivery, SERS (Surface Enhanced Raman Scattering), biological imaging, and transmission electron microscopy.
The pharmaceutical & healthcare industry was the major user of metal nanoparticles; however, they are also used widely in electrical & electronics, catalyst, and personal care & cosmetics industries. Favorable government incentive systems for manufacturing industries, coupled with rising population, are expected to propel the growth of the end-user industries such as electrical & electronics, and cosmetics, which in turn would fuel the consumption of metal nanoparticles.
The metal nanoparticles market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022, owing to the increasing scope of applications of metal nanoparticles in the healthcare, electronics, cosmetics, textiles, and water treatment in the region. Furthermore, rapid industrialization and growth in demand for compact or microelectronics drive the growth of the metal nanoparticles market in this region.
Key players operating in the Metal Nanoparticles Market include American Elements (US), Nanoshel (US), Nanostructured & Amorphous Materials (US), EPRUI Nanoparticles & Microspheres (China), US Research Nanomaterials (US), Meliorum Technologies (US), nanoComposix (US), BBI Group (UK), Nanocs (US), Strem Chemicals (US), and Tanaka Holdings (Japan). These players have extensive product portfolio and wide geographical presence. Acquisitions, expansions, and agreements are some of the major strategies adopted by key players operating in the Metal Nanoparticles Market.
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