Metal and metal oxide nanoparticles, also indicated as nanocrystals or nanopowders play a vital role in many areas of physics, chemistry and material science. These are available in variable shapes, sizes as well as surface coatings. Metal oxide nanoparticles offer a variety of functionalities that remain desirable over a number of segments such as anti-corrosion, anti-bacterialism, thermal barrier, easy-clean, UV- absorbent & combinations thereof. Metal and metal oxide nanoparticles are increasingly becoming part of our daily lives and it is expected that their use will upsurge significantly in the next decade as they are being manufactured in huge quantities for usage in a diverse variety of products. Increasing research & development activities to enhance the product applications coupled with the rapid growth in the nanotechnology is anticipated to drive the metal and metal oxide nanoparticles market, and furthermore support its application in pharmaceuticals, medical and cosmetics over the forecast period.
Metal and Metal Oxide Nanoparticles: Drivers & Restraints
Owing to novel optical, electronic, chemical catalytic, magnetic and mechanical properties from high surface to volume ratio, and quantum size effects, these metal and metal oxide nanoparticles are being applied across a raft of high-tech technologies and industries. This is anticipated to fuel the demand for metal oxide nanoparticles market. Moreover, the substantial growth of end-user industries such as automotive, electronics, aerospace, adhesives and packaging is further anticipated to propel the metal and metal oxide nanoparticles market development over the forecast period. However, slowing global economy and a mature nature of many larger end-user markets for metal oxide nanoparticles in many regions are restraining the growth of metal oxide nanoparticles in these regions.
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Metal and Metal Oxide Nanoparticles: Segmentation
On the basis of product type,the global metal and metal oxide nanoparticles market is segmented into:
Antimony tin oxide
Others (cerium oxide, manganese oxide, nickel oxide, indium tin oxide)
The demand for zinc oxide is anticipated to be the fastest growing owing to its increasing applications in cosmetics and sunscreen lotions on account of its high UV protection properties. Moreover, it is also used in paints & coatings, electronics, and textiles owing to its anti-fungal, anti-corrosion, anti-bacterial and catalytic properties. Apart from zinc oxide, magnesium and titanium oxide nanoparticles market is anticipated to witness significant growth in light of its rising applications in various sectors.
On the basis of application, the global metal and metal oxide nanoparticles market is segmented into:
Paints and coatings
Others (Sporting goods, household cleaning, food & beverages, agriculture)
The demand for metal and metal oxide nanoparticles in electronics industry is anticipated to grow at an accelerated pace mainly due to its optical, electrical and mechanical properties. Furthermore, construction, automotive, packaging and aerospace industries are expected to witness significant growth on account of strong support from the developing countries including China, Brazil and India.
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Metal and Metal Oxide Nanoparticles: Region-wise Outlook
North America is currently the largest market in metal and metal oxide nanoparticles, owing to the high venture capital investments in research & development activities, to enhance the metal and metal oxide nanoparticles applications. Moreover, high demand from the end-user industries such as pharmaceuticals and automotive is likely to fuel the metal oxide nanoparticles market in this region. Europe, Asia Pacific and Japan are anticipated to witness significant growth over the next few years on accounts of the increasing demand of automotive, aerospace and electronics applications. Metal oxide nanoparticles marketis anticipated to expand at a steady rate in other regions of the world as a result of a slowing global economy in these regions.
Metal and Metal Oxide Nanoparticles: Key Players
Some of the key participants identified in the global metal and metal oxide nanoparticles are Altair Nanomaterials, Inc., Sigma-Aldrich Co. LLC., American Elements, Access Business Group, US Research Nanomaterials Inc., Reinste Nano Ventures, NanoScale Corporation, and EPRUI Nanoparticles & Microspheres Co. Ltd., among many others.