According to BlueWeave Consulting, the Global Metal Nanoparticles Market was valued at USD 14.54 Billion in 2019 and is expected to go as high as USD 38.97 Billion by 2026, with a CAGR of 15.66 % during the forecast time-frame. Metal Nanoparticles are submicron-sized particles produced from pure metals such as cerium, iron, gold, platinum, silver, thallium, titanium, and zinc or their compounds like chlorides, fluorides, hydroxides, oxides, phosphates, and sulfides. The nanoparticles are manufactured by biological, chemical, and physical processes; having broad applications as antibacterial, antifungal, and antimicrobial which are used extensively in cosmetics, food & beverages, electronics, and healthcare & related sectors.
“Nano-Particle Coatings’ Increased Applications”
One of the major application of nanoparticles are seen in the field of coatings, these coatings are known as ‘Nanoparticle Coatings’. Majorly used to coat the top or surface layer of electronic products to add a factor of the anti-microbial property; the silver particles are engineered into nano-particle size. Nanoparticles being sprayed on the surface increase the surface area in contact with micro-organisms which, in turn, enhances its bacterial and fungicidal effectiveness. Electronic products with nanoparticle coatings that are currently present in the market are Refrigerators, Mobile phones, Washing machines, and Vacuum Cleaners. Other companies such as Samsung have developed a technique to inculcate silver nanoparticles in their ‘wash cycles’ to have an anti-microbial laundry cleaning experience. Moreover, other similar applications and innovations are getting developed which expected to boost the worth of the market.
“ Increase in the Adoption of Biomedical, and Biotechnology Sectors”
The rising popularity of nanoparticles amongst the biomedical, and biotech sectors is going to be one of the major reasons for the market’s boost in the forecast time-frame. The nanoparticles’ extremely small and detectable size makes them ideal for applications related to biomolecules as well. Having usages in proteomics and genomics where these nanoparticles are used as substitutes for bio-dyes, and tags for data determination. Additionally, activated magnetic nanoparticles are used in cell probing and separation; along with it, the gold nanoparticles have had applications with protein detection in immunohistochemistry to determine the interaction in-between proteins. Henceforth, leading to growth for nanoparticles in the projected period.
“North America to lead the growth of Nanoparticles’ market”
The Asia Pacific is expected to have the largest revenue share in the global metal nanoparticles market during the forecast horizon, owing to the flourishing end-user segments such as electronics and semiconductor, and healthcare industries in nations in the region. However, the North American region’s well-developed healthcare along with new emerging opportunities in R&D and related expenditures is expected to boost the demand for metal nanoparticles in the coming years of forecast.
The key players for Global Metal Nanoparticles Market are Eprui Nanoparticles & Microspheres, American Elements, Meliorum Technologies, BBI Group, Cline Scientific, Nanocomposix, Nanocs, Strem Chemicals, Tanaka Holdings, Nanoshel Llc, Nanostructured & Amorphous Materials, US Research Nanomaterials among several others.
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The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Global Metal Nanoparticles Market size & forecast. The report promises to provide state-of-the-art technology of the Global Metal Nanoparticles Market and industry insights, which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers, challenges, and competitive analysis of the market.