Metal Nanoparticle Market Forecast to 2028 - COVID-19 Impact and Global 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)
Publication Month: Aug 2021 | Report Code: TIPRE00024270 | No. of Pages: 135 | Category: Chemicals and Materials | Status: Published
The metal nanoparticles market was valued at US$ 25,373.92 million in 2020 and is projected to reach US$ 81,567.38 million by 2028; it is expected to grow at a CAGR of 15.9% from 2021 to 2028.
Metal Nanoparticles have exceptional properties such as high aspect ratio and uniform size. They are used in a wide spectrum of applications, such as catalysis, medical, and energy storage. The metal nanoparticles have various applications in end-use industries, such as pharmaceuticals and healthcare, chemical, cosmetics, and electrical and electronics.
In 2020, North America accounted for the largest share in the market. The increase in the development of the pharmaceutical and the healthcare sectors and a rise in demand for sustainable energy resources have increased the demand for metal nanoparticles in North America. Owing to the presence of developed countries, such as the US and Canada, and conducive government support for R&D activities, countries in the region explore and produce innovative products. Furthermore, the advancements in the medical technology and increased investments in the healthcare sector have propelled the demand for metal nanoparticles in the medical industry. Along with this, the presence of domestic and international metal nanoparticles companies in the region created lucrative opportunities for the metal nanoparticle market in the region.
The ongoing COVID-19 pandemic has had a significant impact on the metal nanoparticles market. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, which has created revenue loss and damage. The disruptions in the production and supply chain have had a negative impact on the metal nanoparticles market. The implementation of lockdown in various countries along with travel restrictions has lessened the global supply of products along with a reduced logistic operation. Research has been ongoing for the utilization of gold nanoparticles for COVID-19 testing kits, which will provide the results in minutes. In the US, a group of researchers at the University of Maryland claimed that they have developed a diagnostic test that can detect the novel coronavirus that causes COVID-19 within 10 minutes and the results will be visible with naked eyes. The test is a simple colorimetry-based assay, which uses gold nanoparticles that are capped with the nucleic acid sequence of the nucleocapsid phosphoprotein of the SARS-COV-2 virus. Along with this, Sugentech, Inc. (a company in Republic of Korea) developed SGTi-flex COVID-19 IgM/IgG test kit, which is a gold nanoparticle-based immunochromatographic test kit that determines COVID-19’s IgM and IgG antibodies. The test helps in determining the antibodies that are specific proteins, which are developed in response to the infection. Thus, an increased usage of gold nanoparticles in the healthcare sector is having a positive impact on the metal nanoparticles market.
Global Metal Nanoparticles Market, by Region 2020
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Market Insights
Application of Metal Nanoparticles in Medical Industry
In the medical industry, metal nanoparticles are increasingly being used in therapeutic agents, drug delivery, bioimaging, and cancer diagnostics as well as treatment, among other applications. Various types of metal nanoparticles, including silver, titanium, gold, platinum, and copper, are known for their potential therapeutic effects. Gold and silver nanoparticles effectively inhibit the growth of gram-negative and gram-positive bacteria. Gold nanoparticles are used to detect biomarkers in the diagnosis of infectious diseases, cancer, and heart diseases. Platinum nanoparticles are used in biomedical applications such as implants, imaging, photothermal therapy, and drug delivery due to their intrinsic antimicrobial, antioxidant, and anticancer properties. Titanium nanoparticles are being used for killing bacteria present on various surfaces. When exposed to ultraviolet radiations, these nanoparticles produce a strong oxidative effect and act as photocatalytic disinfectants. Silver nanoparticles have antimicrobial and anticancer properties, and they are increasingly being used in the production of wound coatings and device coatings. Copper nanoparticles are being used in medical sector for the protection, control, and treatment of infections. Thus, a surge in the application of various metal nanoparticles in the medical industry is driving the metal nanoparticles market.
Metal Insights
Based on metal, the metal nanoparticles market is segmented into platinum, gold, silver, iron, titanium, and others. In 2020, the others segment dominated the market. The other metal nanoparticles are made of metals such as zinc, copper, silica, manganese, aluminum, nickel, cerium, and thallium. Zinc nanoparticle is an inorganic metal oxide and can be safely used in medicines, as a preservative in packaging and an antimicrobial agent. Zinc nanoparticles easily diffuse into the food material as well as kills the microbe. Copper nanoparticles are produced through the natural process or through chemical synthesis. They are increasingly used as a coloring agent and an antimicrobial agent. Silica nanoparticles are majorly used in electrical and thermal insulators and in drug delivery applications. Manganese nanoparticles (nanodots or nano powder) are spherical or faceted high surface area metal nanostructured particles.. Aluminum nanoparticles have greater hydrogen storage capacity and are widely used in aircrafts, military applications, automobile, and rocket propellants.Metal Nanoparticles Market, by Metal – 2020 and 2028
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Strategic Insights
A few of the key market players operating in the metal nanoparticles market are American Elements; BBI Group; EPRUI Biotech Co. Ltd.; Meliorum Technologies, Inc.; Nanocomposix; Nanosc, Inc.; Nanostructured and Amorphous Materials, Inc.; Nanoshel LLC.; TANAKA HOLDINGS Co., Ltd.; and US Research Nanomaterials INC. Major players in the market adopt strategies such as mergers and acquisitions and product launches to expand the geographic presence and consumer base.
Report Spotlights
- Progressive trends in the metal nanoparticles industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global metal nanoparticles market from 2019 to 2028
- Estimation of the demand for metal nanoparticles across various industries
- Porter analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for metal nanoparticles
- Market trends and outlook coupled with factors driving and restraining the growth of the metal nanoparticles market
- Understanding regarding the strategies that underpin commercial interest with regard to global metal nanoparticles market growth, aiding in the decision-making process
- Metal Nanoparticles market size at various nodes of market
- Detailed overview and segmentation of the global metal nanoparticles market as well as its industry dynamics
- Metal Nanoparticles market size in various regions with promising growth opportunities
Metal Nanoparticles Market, by Metal
- Platinum
- Gold
- Silver
- Iron
- Titanium
- Others
Metal Nanoparticles Market, by Application
- Pharmaceutical and Healthcare
- Electrical and Electronics
- Chemicals
- Personal Care and Cosmetics
- Others
Company Profiles
- American Elements
- BBI Group
- EPRUI Biotech Co. Ltd.
- Meliorum Technologies, Inc.
- Nanocomposix
- Nanosc, Inc.
- Nanostructured and Amorphous Materials, Inc.
- Nanoshel LLC
- TANAKA HOLDINGS Co., Ltd.
- US Research Nanomaterials INC
Frequently Asked Questions
The List of Companies - Metal Nanoparticles Market
- American Elements
- BBI Group
- EPRUI Biotech Co. Ltd.
- Meliorum Technologies, Inc.
- Nanocomposix
- Nanosc, Inc.
- Nanostructured and Amorphous Materials, Inc.
- Nanoshel LLC.
- TANAKA HOLDINGS Co., Ltd.
- US Research Nanomaterials INC
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global metal nanoparticle market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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