Europe Metal Nanoparticles Market Growth Opportunities and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Europe Metal Nanoparticles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Metal (Platinum, Gold, Silver, Iron, Titanium, and Others) and End-Use Industry (Pharmaceutical and Healthcare, Electrical and Electronics, Chemicals, Personal Care and Cosmetics, and Others)
- Report Date : Oct 2021
- Report Code : TIPRE00025245
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 92
The Europe metal nanoparticles market is expected to grow from US$ 6,142.96 million in 2021 to US$ 15,781.48 million by 2028; it is estimated to grow at a CAGR of 14.4% from 2021 to 2028.
The metal nanoparticles are made from nanoscale matters consisting of both organic and inorganic materials combined with different metals. The metal component plays an important role in their application as green catalysts, which is attributed to their larger surface-area-to-volume ratio than the bulk material. There has been an increase in focus for the development of green catalysts that are eco-friendly and re-usable, which helps in minimizing waste; moreover, these catalytic materials are considered indispensable. Metal nanoparticles with high surface areas and more active sites increase the rate and yield of reactions. Gold nanoparticles are used in various chemical reactions as a catalyst. The surface of gold nanoparticles can be used for selective oxidation. Platinum nanoparticles, which have high dispersibility and catalytic activity, are widely being used in electrocatalytic oxidations in fuel cells. Applications of copper nanoparticles in nanotechnology include catalytic organic transformation, electrocatalysis, and photocatalysis. Thus, the increasing use of metal nanoparticles as catalysts with the growing popularity of green catalysts is driving the metal nanoparticles market
The COVID-19 pandemic has led to the discontinuation of several business operations, including metal nanoparticles manufacturing activities, in Europe. A group of researchers claims that they have developed a diagnostic test that can detect the SARS-CoV-2 (causative agent of COVID-19) within 10 minutes of test and the results will be visible to naked eyes. The test is a simple colorimetry-based assay that uses gold nanoparticles that are capped with the nucleic acid sequence of the nucleocapsid phosphoprotein of the virus. The test is based on the determination of specific antibodies that are developed in response to the infection. Thus, a surge in the use of gold nanoparticles in the healthcare sector, particularly in the development of rapid COVID-19 test kits, is boosting the metal nanoparticles market.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe metal nanoparticles market. The European legislation has provided various regulations for the safety and protection of humans where metal nanoparticles are being used in cosmetic products. For instance, titanium is being used as a colorant in products such as eyeliners, concealers, and lipsticks; and it is also used as a UV filter for body care products, hand care products, mascara, and foundation, among others. Moreover, zinc and gold are being used in personal care products. Thus, the growing cosmetic and personal care industry in Europe is driving the demand for metal nanoparticles. The increased application of metal nanoparticles in tumor therapies, lithium-ion batteries, and solar or photovoltaic cells is boosting the demand for metal nanoparticles such as gold and silver nanoparticles in Europe. These applications of metal nanoparticles have the potential to create major technological breakthroughs. Thus, an increase in demand for metal nanoparticles from various end-use industries and several applications of metal nanoparticles will drive the metal nanoparticles market in Europe. The prevalence of various manufacturing companies, along with an increase in demand from the renewable energy sector, will drive the metal nanoparticles market in Europe.
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Europe Metal Nanoparticles Market Segmentation
Europe Metal Nanoparticles Market – By Metal
- Platinum
- Gold
- Silver
- Iron
- Titanium
- Others
Europe Metal Nanoparticles Market – By End-Use Industry
- Pharmaceutical and Healthcare
- Electrical and Electronics
- Chemicals
- Personal Care and Cosmetics
- Others
Europe Metal Nanoparticles Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Metal Nanoparticles Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 6,142.96 Million |
| Market Size by 2028 | US$ 15,781.48 Million |
| Global CAGR (2021 - 2028) | 14.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Metal
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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