Metal and Metal Oxide Nanoparticles Market Size to Grow at a CAGR of 14.7% During the Forecast Period 2022-2027

May 05 19:04 2022
Metal and Metal Oxide Nanoparticles Market Size to Grow at a CAGR  of 14.7% During the Forecast Period 2022-2027
Metal And Metal Oxide Nanoparticles Market | IndustryARC
Increasing Demand of the Electronics Industry Driving the Growth of the Metal and Metal Oxide Nanoparticles Market in the Upcoming Years.

Metal and Metal Oxide Nanoparticles Market Overview

The Metal and Metal Oxide Nanoparticles Market is estimated to grow at a CAGR of 14.7% in 2022-2027 and is valued at USD $63.3 billion by 2027. Metal and metal oxide nanoparticles have an extremely small size of 1 to 10 nm and exhibit unique physical and chemical properties. Some common metals nanoparticles are aluminum, copper, platinum, and zinc while some common examples of metal oxide nanoparticles include iron oxide, tungsten oxide, and titanium oxide. Metal and metal oxide nanoparticles play a very important role in many areas of science as they can adopt a vast number of structural geometries that can exhibit metallic, semiconductor or insulator characteristics. The report covers various segments of the Metal & Metal Oxide Nanoparticles market and analyse the market landscape, drivers, and challenges within the forecast period of 2022-2027.

COVID-19 Impact

During the COVID-19 Pandemic, many industries had suffered a tumultuous time, and it was no different for the Metal & Metal Oxide Nanoparticles Market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed the lockdown protocols. Many of the end-use industries of the Metal and Metal Oxide Nanoparticles market faced challenges during the pandemic. For example, according to the International Air Transport Association, the demand for passenger air travel fell by 65% from 2019 to 2020 with international travel decreasing by 75.6% since 2019. According to Organisation Internationale des Constructeurs d’Automobiles (OICA), the production of passenger vehicles decreased by 16.9% from 2019 to 2020. However, some industries, like the Electronics industry and the Medical and Healthcare industry, saw growth instead. For example, according to the Japan Electronics and Information Technology Industries Association (JEITA), the production value of the global electronics and IT industry is projected to have grown by 2% year-on-year in 2020 and is estimated to be USD $2,972.7 billion. As of now, though, many governments have relaxed lockdown procedures as the public is being vaccinated and industries are resuming production. As such, the Metal and Metal Oxide Nanoparticles Industry is expected to grow tremendously during the forecast period of 2022-2027.

Metal and Metal Oxide Nanoparticles Market Segment Analysis – By Type

Metals hold the largest share of 56% in the Metal & Metal Oxide Nanoparticles Market type segmentation in 2022-2027. Some common examples of metals used as nanoparticles are titanium, aluminum, copper, gold, silver, zinc, iron, tungsten, platinum, etc. Metal nanoparticles have a metal core composed of inorganic metals that are smaller than 10 nm and have strong fluorescent properties. Gold is one of the most commonly used metal nanoparticles as gold is used in electronics, photodynamic therapy, and a variety of sensors amongst other applications. Metal oxides are also widely used in a variety of applications. Zinc oxide nanoparticles are used for various purposes like the manufacture of skin lotions, creams, ointments, as well as in the manufacture of concrete, rubber, and ceramics. Their wide variety of applications is one of the driving factors for the growth of this segment.

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Metal and Metal Oxide Nanoparticles Market Segment Analysis – By End-Use Industry

Electrical & electronics holds the largest share of 37% in the Metal & Metal Oxide Nanoparticle Market end-use industry segmentation in 2022-2027. Metal and metal oxide nanoparticles are used in a wide variety of electrical & electronic applications like the manufacture of semiconductors and sensors as well as in optoelectronics. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production value of the global electronics and IT industry is projected to have grown by 7% year-on-year in 2021 and is estimated to be USD $3,175.6 billion. Other than the Electrical and Electronics industry, metal and metal oxide nanoparticles are used in a variety of industries like Aerospace & Defense, Medical & Healthcare, the Automotive industry, Paints & Coatings, Textile & Fabrics, Chemical Industry, and so on.

Metal and Metal Oxide Nanoparticles Market Segment Analysis – By Geography

The Asia-Pacific region holds the largest share of 43% in the geography segment of the Metal & Metal Oxide Nanoparticles market in 2021. The Asia-Pacific region is driven by an increased demand in the electronics sector which is also driving the demand for metal and metal oxide nanoparticles in the region. According to the Global System for Mobile Communications Association (GSMA), the mobile industry contributed USD $750 billion in 2020, which accounted for 5.1% of the total GDP of the region. It is also estimated that the Asia-Pacific economic contribution of the mobile industry will increase by an additional USD $110 billion by 2025. An increase in the automotive industry is also a key driver for the Metal & Metal Oxide Nanoparticles market in the region. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), China alone contributed about 32% of the global automotive production in 2020. These factors are the primary reason for the dominance of Asia-Pacific in the Metal and Metal Oxide Nanoparticles Market within the forecast period of 2022-2027.

Metal and Metal Oxide Nanoparticles Market Drivers

The increasing demand of the electronics industry:

The demand for the electronics industry has been on a rise ever since the pandemic. This is because many people had begun to adopt work-from-home culture which has led to an increase in cloud storage requirements, data servers, and computing segments. Alongside the technical requirements, the demand for electronic gadgets and internet connectivity has also increased as many people began to adopt online cultures of work and entertainment. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production value of the global electronics and IT industry is projected to have grown by 7% year-on-year in 2021 and is estimated to be USD $3,175.6 billion. This is one of the primary reasons that is driving the Metal and Metal Oxide nanoparticles market as the demand for the electronics industry has been on the rise.

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Metal and Metal Oxide Nanoparticles Market Challenges

Toxicity of Metal and Metal Oxide Nanoparticles:

Metal and metal oxide nanoparticles are widely used in various industries; however, they possess toxic effects that can prove to be harmful to people that are dealing directly with these nanoparticles. Nanoparticles can accumulate in sensitive organs like the liver, heart, spleen, kidney, and brain through inhalation, ingestion, or skin contact. They can often lead to the production of Reactive Oxygen Species (ROS), which causes oxidative stress, inflammation, subsequent damage to protein cells, and in rare cases, even DNA. This proves to be a challenge for the growth of the Metal and Metal Oxide Nanoparticles Market within the forecast period of 2022-2027.

Metal and Metal Oxide Nanoparticles Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in this market. Metal & Metal Oxide Nanoparticles top 10 companies include:

1. American Elements

2. Nanoshell LLC

3. Meliorum Technologies, Inc.

4. Eprui Nanoparticles & Microspheres Co. Ltd.

5. NanoScale Corporation

6. Reinste Nanoventures

7. Sigma Aldrich

8. Access Business Group

9. Xuan Cheng Jing Rui New Material Co., Ltd.

10. Altair Nanomaterials

Recent Developments

In June 2020, global research studies have begun research and development in the field of green metal and metal oxide nanotechnology to decrease the negative effects of the production and application of nanomaterials, lowering risk in respective industries.

Key Takeaways

The Asia-Pacific region will dominate the Metal and Metal Oxide Nanoparticles market within the forecast period of 2022-2027.

One of the key drivers for the market is the growth of the electronics sector worldwide, which is increasing the demand for metal and metal oxide nanoparticles used to manufacture semiconductors.

Metal and metal oxide nanoparticles can prove to be toxic and harmful to the human body. As such, this can be a challenge for the growth of the Metal & Metal Oxide Nanoparticle market.

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