Nanocopper Oxide Market Size, Share | Industry Forecast to 2027

Nanocopper Oxide Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by End User (Electricals and Electronics, Paints and Coatings, Catalysts, Energy Storage, and Others)

Publication Month : May 2020

  • Report Code : TIPRE00011040
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 150
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[Research Report] The nanocopper oxide market was valued at US$ 75.9 million in 2018 and is projected to reach US$ 251.1 million by 2027; it is expected to grow at a CAGR of 14.4% from 2019 to 2027.

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.

Impact of COVID-19 Pandemic on Nanocopper Oxide Market

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.

Nanocopper Oxide Market: by Region

Nanocopper Oxide Market: by Region

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Market Insights

Upsurge in Consumption of Nanocopper Oxide in Biomedical Applications

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.

End User-Based Insights

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.

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Nanocopper Oxide Market: Strategic Insights

Market Size Value inUS$ 75.9 million in 2018
Market Size Value byUS$ 251.1 million by 2027
Growth rateCAGR of 14.4% from 2019 to 2027.
Forecast Period2019-2027
Base Year2018
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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.

Report Spotlights

  • Progressive industry trends in the nanocopper oxide market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the market from 2017 to 2027
  • Estimation of global demand for nanocopper oxide market
  • Porters analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The market size of the nanocopper oxide at various nodes
  • Detailed overview and segmentation of the market, as well as the industry dynamics
  • Size of the market in various regions with promising growth opportunities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Frequently Asked Questions

Can you list some of the major players operating in the global nanocopper oxide market?

The major 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; SkySpring Nanomaterials Inc.; Strem Chemicals Inc. and US Research Nanomaterials, Inc; among many others.

Which region held the largest share of the global nanocopper oxide market?

In 2018, the nanocopper oxide market was predominant in North America at the global level. This dominance is attributable to rising adoption of advanced material and technology across the various end use industries. North America region is considered to be an established industrial sector wherein strong investment are being made in research and development activities to develop improved products. Further, the region is considered to be manufacturing hub for leading players of nanocopper oxide market. These manufacturers include American Element, nanoComposix, SkySpring Nanomaterials Inc., Strem Chemicals, Inc. and many others who are influencing the growth of the market.

Based on end user, why electrical and electronics segment held the largest share of the global nanocopper oxide market?

Electrical and electronics segment is the leading segment in the forecast period. The nanoparticles of copper oxide uniquely possess catalytic, optical, mechanical, and electrical characteristic features which make them ideal materials to be used across electronic and electrical applications. Other than this, they also exhibit photovoltaic and photoconductive properties, which have led to an increase in demand across electrical and electronic applications. With the rapid industrialization and increase in demand for advanced technologies, the demand for nanocopper oxide is expected to rise.

The List of Companies - Nanocopper oxide Market

  1. American Elements
  2. Hongwu International Group Ltd
  3. nanoComposix
  4. Inframat Corporation
  5. Nanoshel LLC
  6. Nanostructured & Amorphous Materials, Inc.
  7. Plasmachem Gmbh
  8. SkySpringNanomaterials Inc
  9. Strem Chemicals Inc.
  10. US Research Nanomaterials, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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