The global Metal Nanoparticles Market size is projected to reach a CAGR of 15.8% from 2023-2030.
Metal nanoparticles (MNPs) feature a metal core formed of inorganic metal or metal oxide that is usually surrounded by an organic or inorganic substance or metal oxide shell. Metal nanoparticles have a wide range of applications in day-to-day life. The development of new economically viable ways of producing MNPs has resulted in pilot-scale production of MNPs, which have found a market in a variety of consumer products such as lotions, shampoos, apparel, footwear, and plastic containers. Metal oxide nanoparticles are increasingly being discovered by new antimicrobial specialists.
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These materials are expected to be produced and manipulated with various chemical functional groups, allowing them to be combined with antibodies, ligands, and pharmaceuticals of interest, opening up a wide range of possible uses in biotechnology, and magnetic separation. This is an excellent solution for safe microorganisms and expected to bring freedom to the metal oxide nanoparticle industry in the predicted years.
Some of the strong factor expected to drive the global metal nanoparticle market to a large extent is the rapid development of end-user enterprises. It is regarded as the primary driving force in the development of this market.
Recent Developments
- In April 2021, nanoComposix signed an agreement with Pró-Análise to broaden the distribution of nanoComposix products to customers throughout Brazil. nanoComposix manufactures hundreds of off-the-shelf and custom inorganic metal and metal oxide nanomaterials to enable the development of technologies ranging from lateral flow assay diagnostics to targeted drug delivery, optical displays, and many more applications.
- In April 2021, nanoComposix improved its process for scaling up the 40 nm gold citrate particles to use in lateral flow diagnostic assays. This capability can expand production to at least 100 L at 20 OD, enough to support the manufacturing of 30–50 million lateral flow strips per month. The high production capacity will allow for more competitive pricing, facilitate better shipping and storage logistics, decrease the cost of raw materials for customers, and shorten the lead time for bulk volume orders.
Prominent Players
· American Elements
· Nanoshel
· Nanostructured & Amorphous Materials
· EPRUI Nanoparticles & Microspheres
· US Research Nanomaterials
· Tanaka Holdings
· Meliorum Technologies
· nanoComposix
· BBI Group
· Strem Chemicals.
· Nanocs
· JEOL Ltd
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Asia Pacific to Dominate the Market
- APAC is the largest and fastest-growing region for the metal nanoparticles market, in terms of volume. The growth in demand for metal nanoparticles in the region can be largely attributed to factors such as high population, increasing industrial growth, and stringent environmental norms.
- Moreover, the rising number of end-use industries in the region is also leading to innovations and developments in the field of metal nanoparticles, thereby fueling the growth of the APAC metal nanoparticles market.
The Metal Nanoparticles Market Segmentation:
On the basis of metal
· Platinum/Palladium
· Gold
· Silver
· Copper
· Nickel
· Iron
· Others
On the basis of synthesis process
· Chemical
· Physical
· Biobased
On the basis of end-use
· Pharmaceutical & Healthcare
· Electrical & electronics
· Catalyst
· Personal care & cosmetics
· Others.
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Frequently Asked Questions
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· What is the compound annual growth rate (CAGR) of the Metal Nanoparticles Market?
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