Nano Metal Oxide Market to Grow with a CAGR of 5.18% through 2028
Increasing
utilization in the production of various products for paint & coatings and
personal care industry are factors driving the Global Nano Metal Oxide Market
in the forecast period 2024-2028.
According to
TechSci Research report, “Nano Metal Oxide Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Nano Metal Oxide Market stood at USD 867.34 million in 2022 and is
anticipated to grow with a CAGR of 5.18% in the forecast period, 2024-2028.
Nano metal oxide refers to minuscule metal particles encompassing elements like
titanium, aluminum, zinc, magnesium, and more. With a diameter of less than 100
nanometers, it manifests as a white powder derived from the oxidation of zinc
oxide particles. Notably, it boasts high catalytic properties and an expansive
surface area, finding prevalent application across a spectrum of industries
including rubber, paints and coatings, personal care and cosmetics, textiles,
and various others. Nano metal oxides play a crucial role in the manufacturing
of a diverse array of microelectronic circuits, encompassing sensors,
piezoelectric devices, fuel cells, and more. The escalating requirement for
electronic products, including optoelectronics, semiconductors, and
transmitters, has translated into a surge in demand for nano metal oxides.
Notably, Titanium dioxide (TiO2) semiconductor nanoparticles stand as a
significant and promising category of photocatalysts, valued for their
distinctive optical and electronic attributes. Concurrently, the increasing
utilization of aluminum dioxide as a coating material for optical lenses,
windows, flooring, and various surfaces is poised to further augment the
overall market demand for nano metal oxides throughout the projected period.
Moreover,
nano metal oxides showcase a diverse spectrum of characteristics encompassing
UV-blocking capabilities, suspension formation, magnetism, and catalytic
properties. These attributes find extensive utility in various sectors such as
the production of Portland cement, paints, coatings, sensors, personal care
items, and catalysts. The unique features of nanoscale metal oxides also cater
to an array of applications, including gas sensors, fuel cells, advanced
ceramics, chemical sensors, biosensors, batteries, solar cells, pyroelectric
devices, supercapacitors, catalysts, and anti-corrosion coatings. The
distinctive properties of nanoscale metal oxides contribute significantly to
the advancements and efficacy of these multifaceted applications.
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Furthermore,
Nanometal oxides possess unique characteristics due to their large surface
area-to-volume ratio and unusual catalytic activity, electronic properties,
optical properties, and antimicrobial activity. Different types of
nanoparticles can be synthesized using various methods.
Global Nano
Metal Oxide Market is segmented into product, application, regional
distribution, and company
Based on its
product, the silicon dioxide segment has emerged as the predominant market
leader. The anticipated expansion is a result of the extensive application of
SiO2 in the manufacturing processes of paints, plastics, batteries, cosmetics,
glass, and rubber. Additionally, silicon dioxide holds pivotal roles within the
realm of biomedical science, serving as a drug carrier and playing an integral
role in the composition of electronic devices. In parallel, the significance of
silicon dioxide resonates across industries like optical, construction, and
glass, where it finds employment. For instance, the creation of quartz glasses,
known for their remarkable resilience to high temperatures, is pivotal in
crafting lenses and specialized optical components for advanced equipment. The
escalating demand for automobiles is poised to further propel the usage of
silicon dioxide, particularly within the tire manufacturing domain.
Furthermore, the
application of titanium dioxide spans a broad spectrum, encompassing the
formulation of high-factor sun protection lotions, the development of wood
preservatives, and the enhancement of textile fibers. Its exceptional
capability to safeguard against harmful UV radiation, combined with its innate
antibacterial properties, positions it as the preferred ingredient to produce
sunscreens and an array of personal care products.
Based on
application, the medical & personal care segment commands the highest share
of revenue. The escalating demand for cosmetics and personal care products is a
driving force in this context. Moreover, the upsurge in investments dedicated
to advanced medical treatments, in tandem with the evolution of patient-centric
healthcare models, is set to trigger significant funding within the life
sciences domain. The arena of personal care products is witnessing a remarkable
uptick in sales and noteworthy advancements in formulations. Items such as
sunscreen, moisturizers, and essential makeup products incorporate key
ingredients like titanium dioxide, aluminum, and zinc oxide. Nano metal oxides
(NMOs) play an instrumental role in elevating effectiveness, enhancing texture,
ensuring transparency, and safeguarding the potency of active components within
cosmetics. Furthermore, the
growing adoption of nano metal oxides by research institutions and various
establishments is set to expand the scope of their applications. Elements such
as lead, titanium, molybdenum, and iron oxides are extensively harnessed in
research endeavors aimed at pioneering environmentally sustainable fuel
sources.
Based on region,
North America took center stage as the leading contender in the Global Nano
Metal Oxide Market. This trend can be ascribed to significant investments in
the realm of biomedical engineering, where nano metal oxides play a pivotal
role. Moreover, the burgeoning production of automobiles, coupled with
substantial investments in the aerospace and defense sectors, is set to
galvanize the demand for these materials in the region. Alongside this, the
growing production of automobiles and the infusion of investments in the
aerospace and defense sectors are predicted to amplify the global requirement
for nanostructured materials. Notably, considerable funding directed towards
advancing biomedical engineering in North America is poised to heighten the
inclination towards utilizing nanostructured oxides.m Furthermore,
Asia Pacific is poised for substantial growth, predominantly due to the
prominence of countries like India, China, South Korea, and Indonesia within
the region, all of which are experiencing robust economic growth. The
escalating population in this geographical area, coupled with improvements in
living standards, is expected to propel the demand for cosmetics, electronics,
and technologically advanced medical interventions.
Major companies
operating in Global Nano Metal Oxide Market are:
- Nanophase Technologies Corporation
- American Elements
- SkySpring Nanomaterials, Inc.
- Nanoshel LLC
- Abc Nanotech Co., Ltd.
- Nanostructured & Amorphous
Materials, Inc.
- Hongwu International Group Ltd
- Nissan Chemical Corporation
- NYACOL Nano Technologies, Inc
- EPRUI Biotech Co. Ltd.
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“The energy
sector is currently experiencing a significant transformation characterized by
a shift towards sustainable and highly efficient solutions. In this context,
nano metal oxides have emerged as key contributors to this transition. Their
utilization extends to energy storage systems, including lithium-ion batteries
and supercapacitors, where they play a pivotal role in elevating energy density
and optimizing charge-discharge rates. Furthermore, nano metal oxides have
found their place in solar cells and catalytic processes, thereby contributing
to the advancement of cleaner and more effective energy sources. Moreover, nano
metal oxides are also demonstrating notable advancements in the realm of
healthcare. Their distinctive attributes are facilitating significant
contributions to precise drug delivery, enhanced medical imaging, and
innovative antimicrobial applications create a lucrative opportunity in the
market growth,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based management consulting firm.
“Nano Metal
Oxide Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028 Segmented By Product (Aluminum Oxide, Iron Oxide, Titanium Dioxide,
Silicon Dioxide, Zinc Oxide), By Application (Electronics & optics, Medical
& personal care, Paints & coatings, Others), By Region and Competition, has
evaluated the future growth potential of Global Nano Metal Oxide Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Nano Metal Oxide Market.
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