Global Metal & Metal Oxide Nanoparticles Market Is Expected To Reach Roughly Us$ 63,334.7 Million By The End Of 2027, Rising At A Cagr Of 13.6% During The Forecast Period (2020-2027)

Metal & Metal Oxide Nanoparticles Market

Nanoparticles are microscopic particles that range in size from 1 to 100 nanometers and are encased in an interfacial layer. Ions, organic and inorganic compounds are commonly found in the interfacial layer. Copper, titanium, silicon, iron, aluminium, gold, silver, platinum, magnesium, and zinc are the different types of metal nanoparticles. Iron oxide, titanium oxide, zinc oxide, bismuth oxide, aluminium oxide, copper oxide, magnesium oxide, and tungsten oxide are the several types of metal oxide nanoparticles. Because of rising product demand from emerging economies such as China and India, the area is likely to maintain its dominance over the projection period. Because of the presence of important producers in the region, Europe is likely to be the second-largest Metal & Metal Oxide Nanoparticles Market.

The electronic industry's increasing demand for metal and metal oxide nanoparticles is likely to drive market expansion. Consumer goods created by the electronic industry include communication and broadcasting equipment, consumer electronics goods, computers, and other electronic devices. As a result, the electronic industry is the largest consumer of metal and metal oxide nanoparticles, supporting market growth. Because of its UV protection capabilities, zinc oxide nanoparticles are increasingly being used in the production of sunscreen lotions and cosmetics, which is predicted to boost the Metal & Metal Oxide Nanoparticles Market Growth. Growing demand for zinc oxide nanoparticles from the textile and paints and coatings industries due to its anti-fungal, anti-corrosion, anti-bacterial, and catalytic capabilities is likely to drive market expansion further.

In 2014, the chemical and coatings industry emerged as the largest application segment, accounting for more than 30% of global demand. In this industry, nanoparticles are employed to improve the qualities of paints and coatings such as hardness, wear resistance, corrosion resistance, and adherence to substrates such as glass and metals. Over the projected period, the growing need for improved durability in construction materials is expected to drive nanoparticle usage. In 2019, the transportation application sector is expected to be the largest application section of the global Metal & Metal Oxide Nanoparticles Market. During the forecast period, the rising usage of aluminium nanoparticles in fuel cells, battery separators, and catalytic converters in cars is likely to drive the expansion of this application segment.