Dublin, April 04, 2022 (GLOBE NEWSWIRE) -- The "Metal Oxide Nanoparticles Market by Type and End Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global metal oxide nanoparticles market was valued at $0.9 billion in 2020 and is projected to reach $1.8 billion by 2030, growing at a CAGR of 7.3% from 2021 to 2030.
Metal oxide nanoparticles (MONPs) are nanoparticles of metal oxides such as titanium, aluminum, zinc, magnesium, cerium, and copper. Their particle size ranges from 1 and 100 nanometers (nm), although higher sizes are also available in the market. MONPs exhibit electrical, optical, magnetic, and catalytic properties. Currently, MONPs have found a variety of applications in a myriad of end-use industries, including electronics, automotive, energy, cosmetics, healthcare, and coatings.
The growth of the global metal oxide nanoparticles is driven by a surge in demand for MONP-based sensors and biosensing materials that increase the usage of nanoparticles of TiO2 and ZnO. Moreover, the installation of gas sensors based on MONP are employed in the detection of gaseous contaminates and leakages, which notably contribute toward the market growth. In addition, metal oxide nanoparticles are being developed for biomedical and biosensing applications. Treatments such as cancer therapy and dentistry can be enhanced by the use of MONPs. Its unique properties are well suited to create a wide range of biomedical applications. Hence, as biomedical research gains more importance, more research focused on incorporating MONPs is expected. Another key driver for the global metal oxide nanoparticles market is the global electronics industry that uses MONPs for sensors, antennas, integrated circuits, and solar panels.
On the contrary, the harmful effects of metal oxide nanoparticles on human health could be a major hindrance to the global metal oxide nanoparticles market growth. All types of nanoparticles have been shown to accumulate in sensitive organs such as the heart and kidney due to inhalation or accidental ingestion and skin contact. The increasing production and use of nanoparticles result in higher exposure to humans and the environment, thus raising issues of toxicity. However, producing MONPs using a greener approach are considered to be safe and easily available. In green synthesis, nanoparticles are extracted from fungi, algae, and bacteria. An alternative synthesis method will result in more production and product differentiation. This is anticipated to offer lucrative opportunities for the global metal oxide nanoparticles market.
The global metal oxide nanoparticles market is segmented into type, end-use industry, and region. On the basis of type, the global metal oxide nanoparticles market is categorized into aluminum oxide, titanium dioxide, copper oxide, magnesium oxide, zinc oxide, and others. By end-use industry, it is segregated into optics & electronics, healthcare, automotive, construction, ceramic & glass, personal care, paints & coatings, and others. Region wise, the global metal oxide nanoparticles market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The report outlines the current trends and future estimations of the market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report
KEY MARKET SEGMENTS
By type
- Aluminum oxide
- Titanium dioxide
- Copper oxide
- Magnesium oxide
- Zinc oxide
- Other
By end-use industry
- Optics & electronics
- Healthcare
- Automotive
- Construction
- Ceramic & glass
- Personal care
- Paints & coatings
- Other
By region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- U.K.
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
Market Dynamics
Drivers
- Surge in demand for MONP-based sensors
- Rise in demand for MONPs for biomedical applications
- Increase in demand from the electronics industry
Restraint
- Hazardous nature of MONPs
Opportunity
- Green approach to synthesizing MONPs
Companies Mentioned
- Eprui Biotech Co. Ltd.
- Hongwu International Group Ltd.
- Intelligent Materials Pvt. Ltd
- Meliorum Technologies Inc.
- Merck KGAA
- Nanophase Technologies Corporation
- Nano Research Elements Inc
- Skyspring Nanomaterials Inc
- Star Grace Mining Co. Ltd.
- TCT Nanotec
For more information about this report visit https://www.researchandmarkets.com/r/tndcgk
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