Publication Month: May 2020 | Report Code: TIPRE00011040 | No. of Pages: 150 | Category: Chemicals and Materials | Status: Published
Nanocopper oxide is a reddish or brownish-black nanoparticle used as catalyst in chemical industry. Various properties such as toughness along with ductility, better strength, and high electrical conductivity which make them ideal for diversified industrial applications. Further, research on such nanoparticles is gaining momentum. Therefore, rising R&D activities in the past few years by several research institutions, centers, and industries are driving the growth of the market.
Asia Pacific is expected to be the fastest-growing region for the nanocopper oxide market during the forecast period. The tremendous growth in industrial and infrastructural activities is the major reason behind the nanocopper oxide market growth in Asia Pacific. A few of the major economies in the region, such as China and India, are favorable for production activities. Hence, to meet the growing demand, many new companies are entering the regional market. Further, strong growth in numerous sectors such as semiconductor, building and construction, and energy would raise the demand for electrical goof and painting and coating in the coming years. This is expected to have a positive impact on the growth of the nanocopper oxide market in Asia Pacific during the forecast period.
The COVID-19 outbreak adversely affected economies and industries in various countries due to lockdowns, travel restrictions, and business shutdowns. The chemicals & materials industry is among the significant industries suffering from severe disruptions, such as restrictions on the supply chain and the shutdown of production plants. The shutdown of different plants and factories in various countries disrupted the global supply chains and negatively impacted the sales of electrical and paints and coating industries. The consumption of nanocopper oxide was also hampered due to declining demand from end-use industries. Various companies have already announced possible delays in product deliveries and slump in future products sales. However, there is ease in the restrictions and manufacturing activities with the introduction of vaccination drives.
Metal oxide nanoparticles consist of unique structure, redox, and catalytic characteristics, high surface area, better mechanical stability, and biocompatibility. Therefore, several metal oxide nanoparticles have gained considerable interest in biomedical therapeutics, bio-imaging, and biosensing applications. The synthesis of nanoparticles of copper oxide with improved size and desirable characteristics has become the foremost thrust area for the biomedical industry. In the biomedical domain, “sensing” constitutes to be a major application area of nanomaterials pertaining to their nano size and extraordinary physicochemical features. Although, with the advancement in technology, a paradigm shift has been made toward “theranostic” mix of sensing and therapeutic characteristics on a single platform. Apart from this, copper oxide nanoparticles are efficiently used for targeting in vivo and in vitro environments. In future, CuO NPs for biomedical applications may involve identification and detection of disease or viruses in the human body. For instance, several studies represent that CuO NPs can be used for the detection of H1N1 flu virus. Further, one of the most interesting innovations in the medical industry is the use of bed sheets containing CuO NPs as they reduce the chances of microbial infections within hospitals. Also, the use of CuO NPs in pillowcases and beddings has been associated with an improved aspect of the facial and foot skin. Therefore, with the rise in investment in R&D activities, along with increase in advancements in the biomedical industry, the demand for nanocopper oxide is expected to rise in the coming years.
By end user, the nanocopper oxide market is segmented into electrical and electronics, paints and coatings, catalysts, energy storage, and others. The electrical and electronics segment holds the largest market share. The paint and coating segment is expected to register the highest CAGR during the forecast period. The nano coatings are used in paints and coatings to seal, protect, or color the solid surface. For this purpose, pigments such as solid nano particulates play an imperative role and have been used since millennia. Nowadays, nanomaterials are being used to increase the effectiveness and provide new functionalities to paints. There are already numerous nano-enhanced paints in the market. Recently, the demand for nanocopper oxide has witnessed a slight increase, with the increasing demand for innovative paints and coating in the automotive industry. Therefore, the growing automotive industry drives the paints and coatings market, which, in turn, propels the growth of the nanocopper oxide market.
|Market Size Value in||US$ 75.9 million in 2018|
|Market Size Value by||US$ 251.1 million by 2027|
|Growth rate||CAGR of 14.4% from 2019 to 2027.|
|No. of Pages||141|
|No. of Tables||29|
|No. of Charts & Figures||64|
|Historical data available||Yes|
|Segments covered||End User|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Key players operating in the global nanocopper oxide market are American Elements; Hongwu International Group Ltd.; Inframat Corporation; nanoComposix; Nanoshel LLC; Nanostructured & Amorphous Materials, Inc.; PlasmaChem GmbH; SkySpringNanomaterials Inc.; Strem Chemicals Inc.; and US Research Nanomaterials, Inc. Major players in the market focus on strategies such as mergers and acquisitions and product launches to increase the geographical presence and consumer base globally.
The List of Companies - Nanocopper oxide Market