Metal Nanoparticles Market likely to reach beyond 25.26 Billion USD by 2022 at a CAGR of 15.4%
The [149 Pages Report] "Metal Nanoparticles Market by metal (Platinum, Gold, Silver, Iron, Titanium, Copper, Nickel), End-use industry (Pharmaceutical & healthcare, Electrical & electronics, Catalyst, Personal care & cosmetics), and Region - Global Forecast to 2022 " The metal nanoparticles market size is estimated to grow from USD 12.35 Billion in 2017 to USD 25.26 Billion by 2022, at a CAGR of 15.4%. The market is projected to witness steady growth in the next few years, because of the increasing application areas of metal nanoparticles, resulting from rapid industrialization and urbanization. Large-scale investments in industrial sectors, rise in demand for innovative materials from the healthcare industry, and supportive government initiatives & funding are some of the key factors driving the growth of the metal nanoparticles market.
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The gold nanoparticles segment is projected to grow at the highest CAGR in the next five years, compared to other metal nanoparticles. This growth is attributed to their versatile nature and properties such as electronic and catalytic properties, antimicrobial properties, and non-immunogenicity. Gold nanoparticles have attracted considerable attention from the biomedical and material science communities, due to their unique optical properties, rich surface chemistry, and biocompatibility. Their optical-electronic properties are being widely explored for their usage in high technology applications such as electronic conductors, organic photovoltaics, sensory probes, therapeutic agents, catalysis, and drug delivery in biological & medical applications.
The pharmaceutical & healthcare segment dominated the market in 2016, and this trend is projected to continue through 2022, as a result of the demand for innovative materials in the healthcare industry for better diagnosis of diseases. The nano size of metal nanoparticles enables them to interact with the biomolecules easily, both at the surface and inside the cells, leading to better signals and target specificity for diagnostics as well as therapeutics.
North America region dominated the metal nanoparticles market in 2016, in terms of value. This is attributed by the established industrialized economy, presence of major companies specialized in metal nanoparticles, and growing electrical & electronics and pharmaceutical industries. Moreover, favorable free trade agreements such as the North American Free Trade Agreement (NAFTA) has helped in developing a close trade relationship between the US, Mexico, and Canada, which allows the country to extend its product reach to the world’s leading economies at reduced shipping costs. Asia Pacific is projected to witness the highest growth rate during 2017-2022, backed by the favorable government initiatives and growing pharmaceutical & healthcare industry. In Asia Pacific, China is one of the most promising markets for metal nanoparticles due to the growing electronics industry, presence of second largest pharmaceutical sector, and investments in nanotechnology.
The global metal nanoparticles market is dominated by players such as 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).
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