The global metal and metal oxide nanoparticle market size is anticipated to be valued at USD 36335.4 million in 2024 and further increase at a CAGR of 11.7% during the forecast period. Worldwide sales of metal and metal oxide nanoparticles are set to total USD 109865.7 million by 2034.
Nanoparticles are increasingly being utilized in various industries, including electric vehicles (EVs), chemical processes, aerospace, biomedical systems, and environmental remediation. These are being used in targeted drug delivery systems, biocompatible implants, and theranostics, offering the potential for personalized healthcare solutions. The industry is also influenced by environmental responsibility, with manufacturers prioritizing eco-friendly production.
Advancements in materials science are crucial for the industry’s expansion amid research focusing on novel metal and metal oxide nanoparticles with enhanced biocompatibility, customized catalyst functionalities, and improved conductivity. Challenges include assessing potential health and environmental risks, implementing stringent regulations, and ensuring product quality, safety, and consumer trust. Businesses must be flexible and standardize testing and characterization methods to ensure sustainable growth.
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Key Takeaways from the Market Report
- The global metal and metal oxide nanoparticle market is set to reach USD 36335.4 million by 2034, with a CAGR of 7% in the forecast period.
- Based on type, the metal nanoparticles segment accounted for a market share of 2% in 2024.
- By end-use, the personal care and cosmetics segment is leading with a market share of 2% in 2024.
- India is anticipated to record a CAGR of 3% between 2024 and 2034.
- Sales in China are predicted to rise at a CAGR of 13% through 2034.
“Nanoparticles are finding applications in the biomedical sector. Manufacturers are collaborating with research institutions to accelerate innovation and develop new materials and applications for nanoparticles,” says a lead analyst at Future Market Insights (FMI).
Who is Winning?
Key players in the metal and metal oxide nanoparticle market, such as American Elements, The USA Research & Nanomaterials Inc., Nanoshel LLC, and Meliorum Technologies Ltd, are investing in research and development to create novel nanoparticles with enhanced properties. They are also focusing on pre-dispersed nanoparticles for easy incorporation into production processes or composites for specific applications.
Manufacturers are collaborating with research institutes to accelerate innovation and create novel materials. They are also engaging in acquisitions and mergers to expand their product portfolios.
They are exploring the potential of nanoparticles in industries like clean energy and food packaging. A few players are also discovering sustainable methods to address environmental concerns. To maintain competitiveness, these players must focus on innovation, strategic partnerships, industry expansion, and sustainable practices.
Industry Updates-
- The Journal of Environmental Chemical Engineering released an article in April 2024 that detailed the usage of zinc oxide nanoparticles as a method of inactivating multidrug-resistant bacteria. These bacteria are becoming more prevalent due to the overuse of antibiotics.
- Tokyo Metropolitan University researchers created a technique in March 2024 to enhance the catalytic activity of gold nanoparticles supported on silica by including single nanosheets of mixed metal oxide.
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Key Segments of Market Report
By Type:
Based on type, the sector is divided into metal nanoparticles and metal oxide nanoparticles.
By End-use:
Metal and metal oxide nanoparticles have applications in chemicals and coatings, pharma and healthcare, transportation, personal care and cosmetics, electrical and electronics, defense, and others.
By Region:
The sector is spread across North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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