Selbyville, Delaware, Jan. 20, 2020 (GLOBE NEWSWIRE) --

According to a report published by Global Market Insights, Inc. the global colloidal selenium nanoparticles market is set to surpass $475 million over 2026. The growth is attributable largely to increasing R&D activities in the colloidal selenium nanoparticles field. The report contains an in-depth analysis of market size & estimations, key investment pockets, strategic initiatives, growth drivers and prospects, competitive outlook and fluctuating market trends.

Colloidal SeNP commercialization is highly reliant on myriad parameters including colloidal SeNP rejection rate, nanotechnology safety risks, timeframe associated with legal framework establishment and colloidal selenium nanoparticles infrastructure.

Consequently, the product is ideal for applications such as food additives, medical implant & devices and cancer care, among others. Burgeoning R&D efforts in the semiconductor and solar cell field will propel colloidal selenium nanoparticles market demand, thereby impelling revenue generation.

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Key reasons for colloidal selenium nanoparticles market growth:

• Consistent R&D efforts from the medical industry for cancer cures
• Increasing electronics production activities in the APAC region
• Proliferating product adoption for conducting experiments across diverse end-use segments

Based on grain structure, the market is segmented into rod and spherical structure. Of these, the spherical segment is likely to register revenue of over $350 million over 2026. The product’s advanced colloidal stability and higher settling efficiency are major benefits of this grain structure’s synthesis.

Based on purity, the market is categorized into 2N, 3N, 4N and 5N. Among these, the 2N-colloidal SeNP segment is poised to demonstrate robust potential among various end use sectors in the year ahead, due to its low costs. 3N-colloidal SeNP segment, on the other hand, is expected to record a valuation of around $245 million by 2026.

Based on application, the colloidal selenium nanoparticles market is segmented into food, medical, chemical, electronics, among others. The medical segment is anticipated to witness significant growth at a rate of nearly 30% through 2026. This is largely attributable to the escalating product penetration in cancer treatments and its application as a drug delivery agent across the medical industry. Other application segments include photocopiers, wastewater treatment, agriculture, etc.

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North America to contribute largest share during the forecast period

The North America is expected to hold a considerable share in the overall colloidal selenium nanoparticles market over 2026, given the high expenditure towards healthcare research in the United States. Considerable developments in the nanotechnology industry will assert a positive impact on the market size. The colloidal SeNP market in North America is projected to record remuneration of over $100 million by 2026.

The key market players analyzed in the global colloidal selenium nanoparticles industry include American Elements, Nanocs, Nanoshel, Land & Green Technology and Nano Research Elements, among others.

About Us:

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

We serve clients on every aspect of strategy, including product development, application modeling, exploring new markets and tapping into niche growth opportunities. Global Market Insights publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.