The global Metal & Metal Oxide Nanoparticles Marketis expected to expand significantly between 2022 and 2032. The global market is predicted to reach a value of US$ 29,958.8 million by 2022, with sales of Metal & Metal Oxide Nanoparticles expected to grow at an 11.6% CAGR and reach a value of US$ 89,894.6 million by 2032. Rising awareness about health, cleanliness, and well-being is driving demand for personal care products, which is predicted to drive demand for metal and metal oxide nanoparticles.
The global metal & metal oxide nanoparticles market is predicted to have a direct impact on the personal care & cosmetics industry due to the rising need for personal care products. As global funding on nanotechnology research climbs, so has the number of innovative nanoparticle characterization products. In the coming years, the global market for metal and metal oxide nanoparticles is expected to grow substantially.
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Metal nanoparticles are widely used in end-use industries such as medicines and healthcare, personal care and cosmetics, chemicals, transportation, and others because to their continuously expanding application scopes. According to current projections, the market growth for personal care items and medicinal medications will drive demand for Metal & Metal Oxide Nanoparticles during the forecast period.
Key Takeaways
- Several types and forms of nanomaterials are employed in the cosmetics business. It is a fact that rapid evaluation of a rising number of nanostructures is taking place owing to the advancements in research and development activities in the cosmetics sector.
- For several companies, it has been a clear goal to find the best suitable and affordable nanomaterials in order to employ them in aesthetic applications. As opposed to cosmetics made on a smaller scale, nanoparticle-based products have certain distinct benefits.
- The cosmetics industry uses nanoparticles (NMs) in order to achieve more stability and long-lasting effects. There is a large surface area of nanoparticles which is why the active components can be transported more effectively into the skin. New color components, transparency (like in sunscreens), and long-lasting effects (like in nail paint and lipstick) are other major applications of nanoparticles in cosmetics.
- During the utilization process of NMs, the ultimate objective of the cosmetics industry is to administer the appropriate dosage of chemicals to the targeted body areas and to achieve long-term stability. NMs are now used frequently in skin care products, specifically, as UV filters in sunscreens.
- Owing to the rising global spending on nanotechnology research, there is a quick surge in the number of novel nanoparticle characterization products. Several nations across the globe are now investing significant public funds in nanotechnology research and development initiatives. Hefty public investments were made in the business throughout the past decade. The U.S. makes considerable investments in the study of nanotechnology.
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Competitive Landscape
The global metal & metal oxide nanoparticles market is an immensely fragmented market with the presence of dominant market players all over the world. Key players are concentrating on expansion & partnership activities to boost their sales & global footprints. While other key players are concentrating to enhance their regional as well as global presence.
Key Companies Profiled in Metal & Metal Oxide Nanoparticles Market include American Elements, U.S. Research & Nanomaterials Inc., Nanoshel LLC, Meliorum Technologies Ltd, Nanostructured & Amorphous Materials, Inc., Nanophase Technologies Corporation, Showa Denko KK, NanoComposix Inc., Tekna Systèmes Plasma Inc., Sigma-Aldrich Co LLC, Shanghai Huzheng Nanotechnology Co., Ltd
More Insights into the Metal & Metal Oxide Nanoparticles Market
The United States is anticipated to dominate the North American region attributed of the better healthcare infrastructure & high investment in the healthcare segment. An important benefit of using nanoparticles for medical applications comprises their capacity to transport active ingredients. One advantage of this is that therapeutic molecules can be anchored to their surface due to their large surface area. The Metal & Metal Oxide Nanoparticles market in the U.S. is expected to reach about US$ 15,128.3 Mn by end of the year 2032.
European cosmetics and personal care market is anticipated to go alongside the U.S. The largest national market for cosmetics and personal care products within Europe is Germany according to Cosmetics Europe Association. Therefore, the Metal & Metal Oxide Nanoparticles market in Germany is expected to expand at a CAGR of 14.1% during the forecast period.
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Key Segmentation
By Type:
- Metal Nanoparticles
- Metal Oxide Nanoparticles
By End-use:
- Chemicals & Coatings
- Pharma & Healthcare
- Transportation
- Personal Care & Cosmetics
- Electrical & Electronics
- Defense
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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