Global Metal Oxide Nanoparticles Market 2017-2021
About Metal Oxide Nanoparticles
Nanoparticles of metal oxides with a particle size of 1-100 nm are called metal oxide nanoparticles. They are available in various shapes such as spherical, octagonal, diamond, and thin sheets. Since the advent of nanotechnology, metal oxide nanomaterials have been at the center of research. Although these nanomaterials are widely used in the commercial and industrial sectors, many are produced for skin care products as they provide protection against ultraviolet (UV) radiation. They are also used as a thickener or pigment in many personal care products, in the production of semiconductors and solar cells in the energy sector, and as a pigment in paints and coatings.
Technavio’s analysts forecast the global metal oxide nanoparticles market to grow at a CAGR of 9.64% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global metal oxide nanoparticles market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Metal Oxide Nanoparticles Market 2017-2021
Technavio recognizes the following companies as the key players in the global metal oxide nanoparticles market: American Elements, EPRUI Nanoparticles & Microspheres, Reinste, Sigma-Aldrich and US Research Nanomaterials.
Other Prominent Vendors in the market are: Altairnano, Meliorum Technologies, and Xuan Cheng Jing Rui New Material.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing R&D activities. Metal oxide nanomaterials have unique mechanical and photocatalytic characteristics. Manufacturers have increased their spending on R&D for developing new applications. Many new applications, including advanced water filters for use in wastewater treatment and desalination are in their pilot or development phases. Another interesting application is in the field of medical sciences. For instance, titanium dioxide nanoparticles can be used as a photosensitizer in photodynamic therapy for the treatment of cancer and other diseases. In the construction sector, the photocatalytic nature of these nanomaterials is being used to design advanced pollutant-degrading concrete pavement. The demand for low-emission diesel is increasing due to the increasing concerns regarding environmental safety. Researchers are focusing on reducing carbon emissions by using metal oxide nanoparticle-based catalytic converters. For instance, aluminum and iron oxide nanoparticles are being used as catalysts in catalytic converters. This trend is expected to continue during the forecast period, which will benefit the market significantly.”
According to the report, one driver in market is miniaturization of devices. Increasing R&D activities and innovations in technology have created the demand for reliable and compact electronic devices. The need for reducing material costs and growth in the demand for smaller assemblies in specific applications has led to the miniaturization of electronic devices. The miniaturization of devices is crucial in the electronics and optics industry. For instance, nanostructural metal oxide-based biosensors provide high biological activity, better conformation, and a better surface for immobilization of biomolecules with desired orientation, which results in enhanced sensing characteristics. The trend of miniaturization is also observed in the medical and consumer electronics sectors due to the minimization of space required and the need for reducing the weight of the devices. Furthermore, the popularity of compact, portable, and lightweight electronic devices that are cost-effectiveness is growing. The adoption of smaller forms has increased the need for innovative developments in packaging, components, and technologies. A shift in the preference of consumers toward miniature devices has increased the demand for metal oxide nanoparticles, thereby contributing to the market growth.
Further, the report states that one challenge in market is high costs compared with conventional metal oxides. Metal oxide nanoparticles possess all the properties that a conventional metal oxide (such as oxides of vanadium, chromium, titanium, zinc, tin, and others) possesses. Therefore, they can be used as a substitute to conventional metal oxides in many applications. The processing time is reduced as lesser quantities of metal oxide are used. However, the higher costs associated with metal oxide nanoparticles restrict their use in various applications. The higher cost of metal oxide nanoparticles is aligned with their processing costs. High costs (in the range of $1,500-$3,500 depending on the concentration and purity of metal oxide nanoparticles) associated with metal oxide nanoparticles is a major factor hindering the growth of the global market.
American Elements, EPRUI Nanoparticles & Microspheres, Reinste, Sigma-Aldrich, US Research Nanomaterials, Altairnano, Meliorum Technologies, and Xuan Cheng Jing Rui New Material.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook