Middle East and Africa Metal Nanoparticles Market Size and Competitive Analysis by 2028

The Middle East and Africa metal nanoparticles market is expected to grow from US$ 476.12 million in 2021 to US$ 927.34 million by 2028; it is estimated to grow at a CAGR of 10.0% 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 Middle East and Africa, South Africa reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including metal nanoparticles manufacturing activities. However, various research has been ongoing for the utilization of gold nanoparticles for COVID testing kits, that will provide the results in a matter of minutes. 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 Middle East and Africa metal nanoparticles market. The growth of the healthcare sector in the Middle East countries will promote market development. An increase in the geriatric population, a high incidence of noncommunicable and chronic diseases, and a rise in penetration of health insurance are critical factors spurring the growth of the region's healthcare sector. Thus, the growing healthcare industry in Middle East & Africa will lead to favorable market conditions for metal nanoparticles. 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.
 

Middle East and Africa Metal Nanoparticles Market Segmentation

Middle East and Africa Metal Nanoparticles Market – By Metal

• Platinum
• Gold
• Silver
• Iron
• Titanium
• Others

Middle East and Africa Metal Nanoparticles Market – By End-Use Industry

• Pharmaceutical and Healthcare
• Electrical and Electronics
• Chemicals
• Personal Care and Cosmetics
• Others

Middle East and Africa Metal Nanoparticles Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa

Middle East and Africa Metal Nanoparticles Report Scope