North America Nanocopper Oxide Market Overview and Growth by 2027

The nanocopper oxide market was valued at US$ 26,527.3thousands in 2018 and is projected to reach US$ 85,892.9thousands by 2027; it is expected to grow at a CAGR of 14.1% from 2019 to 2027.

Nanocopper oxide is a red or brown to black nanomaterial available in various forms and is used to meet the needs of the diversified user base. These nanoparticles possess several chemical and physical attributes including antimicrobial and antibiocide properties, photovoltaic properties, relatively stability, and superconductivity. They are generally used in small quantities to boost the performance of the end product; they are also considered to be cost-efficient advanced solutions. The nanonparticles are, therefore, used to manufacture batteries, semiconductor devices and equipment, gas sensors, microelectronics, and other equipment. Extensive research and development activities in the field of nanotechnology have paved the way for the application of these nanoparticles in biomedical, agricultural, textile, and other relevant industries.

The US dominates the North America nanocopper oxide market. In the US, nanocopper oxide is extensively used in industries such as construction, paint and coatings, energy& power, electrical and electronics, and chemicals & materials. Copper is one of the popular raw materials used in the construction industry. It is used in the manufacturing of water pipes, whileit is also popular as a roofing material due to its resistance toward extreme weather conditions. Besides its wider application in the form of copper coinage, nanocopper oxide—a biocidal agent—is currently most widely used among various industries. In the paint and coatings industry, the nanocopper oxide is applied in antifouling paints for ships. It also prevents the growth of microorganisms such as fungi and algae, and ships can theoretically save up to 40% fuel.

The COVID-19 pandemic, which first began in Wuhan (China) in December 2019, has spread at a fast pace worldwide. As of March 2020, China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are a few of the worst-affected countries in terms confirmed cases and reported deaths. According to the latest WHO figures, there are ~7,127, 753confirmed cases and 407, 159total deaths globally. The outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemicals &materials is one of the major industries suffering serious consequences such as supply chain disruptions, technology events cancellations, and office shutdowns. The US has reported the highest number of confirmed COVID-19 cases in the region. The lockdown of various plants and factories in the US is affecting the global supply chains and negatively impacting the manufacturing and delivery schedules, and electronic goods sales. All these factors are likely to limit the growth of the chemicals & materials industry in North America in the coming months.

North America Nanocopper Oxide Market

Market Insights

Increasing Use of Metal Oxide Nanoparticles in Paints and Coatings Boosts Market Growth

Nanomaterials such as nanocopper oxides are being extensively used to offer better functionalities to paints. Several studies have been conducted to evaluate the potential benefits of nanomaterials. These materials make the paint water/dirt repellent, impart UV-protectionand scratch resistance, and provide antimicrobial activities, along with increasing the overall life of paints. CuO NPs are commonly used as pigments in the production of polymer-coated materials. These nanomaterials act as substitute of noble metal catalysts for carbon monoxide oxidation in paint and coating industry. They are also used as antifouling compoundspaints, thereby substituting banned organ tins. Biocidal properties of paints prevent the unwanted growth of fungus, algae, and bacteria, which can, otherwise, turn to be extremely destructive for painted surfaces. CuO NPs help enhance the existing properties of paints and modify the specific structural characteristics. The coating formed from cuprous nanoparticles helps avoid oxidation and facilitates better dispersion in different polymers. Further, the cuprous coatings are used to boost the ingredient compatibility along with storage stability of the coating. With the rapid industrialization and growth of building and construction industry, the demand for antimicrobial paints and coatings is expected to rise in the coming years. Further, strong focus on R&D activities is likely to result in the introduction ofnanomaterial-based paints and coatings with better antimicrobial properties at reasonable costs in the coming years.

EndUser MarketInsights

The nanocopper oxide market, based on enduser,has been segmented into electrical and electronics, paints and coatings, catalysts, energy storage, and others. In 2018, the electrical and electronics segment accounted for the largest share of the North Americananocopper oxide market;the paints and coatings segmentis expected to register the highest CAGR during the forecast period. Advancement in the physical scale and cost of computing power system have permitted devices geared at a customer market to carry substantial onboard processing proficiency. Sequentially, low cost has urged mass adoption of handheld and smaller computing products using specialty materials such as nanocopper oxide. Smartphones, technically a replacement for landlines, offer the widest variety of functions and facilities, though function-specific products with onboard computing. Wearables, including fitness monitors and other smart products; and smart sensors and controls for the home, including computerized thermostats, have seen delivery numbers more than triple y-o-y. Nano-scale innovations are playing a noteworthy role in future consumer devices. Moreover, nanocopper oxide enables the possibility of the low-cost production of flexible, transparent, and lightweight devices.

North AmericaNanocopper Oxide Market, by End User– 2018 and 2027

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North America Nanocopper Oxide Market: Strategic Insights

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Strategic initiatives are commonly adopted strategies by companies to expand their footprint worldwide. American Elements, Inframat Corporation, nanoComposix, Nanoshel LLC, and Nanostructured & Amorphous Materials, Inc., areamong the market players implementing these strategiesto enlarge the customer base and gain significant market share North America, which, in turn, permits to maintain their brand name in the regional, as well as global, market.

Report Spotlights

• Progressive industry trends in the North America nanocopper oxide market that help players develop effective long-term strategies
• Business growth strategies adopted by players with the focus on both developed and developing markets
• Quantitative analysis of the North America nanocopper oxide market from 2017 to 2027
• Estimation of nanocopper oxide demand across various industries in North America
• Recent developments to understand the market competition and demand in North America
• Market trends and outlook, coupled with factors driving or restraining the growth of the North America nanocopper oxide market
• Insights to help decision-making process by providing understanding of strategies that underpin commercial interest with regard to the North America nanocopper oxide market growth
• North America nanocopper oxide market size at various nodes of market
• Detailed overview and segmentation of the North America nanocopper oxide market, as well as its industry dynamics
• Size of the nanocopper oxide market in various North American countries, with promising growth opportunities in the respective countries

Nanocopper Oxide Market – By End User

• Electricals and Electronics
• Paints and Coatings
• Catalysts
• Energy Storage
• Others

Company Profiles

• American Elements
• Inframat Corporation
• nanoComposix
• Nanoshel LLC
• Nanostructured & Amorphous Materials, Inc.
• SkySpringNanomaterials Inc.
• Strem Chemicals Inc.
• US Research Nanomaterials, Inc.

North America Nanocopper Oxide Market Report Scope

North America Nanocopper Oxide Market Players Density: Understanding Its Impact on Business Dynamics

The North America Nanocopper Oxide Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.