Gold Nanorods Market to Grow with a CAGR of 16.45% through 2029
Advancements in nanotechnology are expected to drive
the Global Gold Nanorods Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Gold Nanorods Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029F”, the Global
Gold Nanorods Market stood at USD 112.35 Million in 2023 and is anticipated to
grow with a CAGR of 16.45% through 2029. Continuous advancements in
nanofabrication techniques enable precise control over the size, shape, and
surface properties of gold nanorods, crucial for enhancing their performance in
applications such as biomedical imaging where consistency is paramount. Assoc.
Prof. Shota Kuwahara from Toho University and Assoc. Prof. Masato Kuwahara from
Nagoya University have developed a groundbreaking technology to create
three-dimensional structures of gold nanoparticles confined within silica
nanocapsules. Published in Nanoscale Advances in 2023, this innovation is
expected to unlock new physical properties, potentially revolutionizing
technologies like high-sensitivity multi-color sensors.
Nanotechnology innovations facilitate
efficient functionalization of gold nanorods with biomolecules, polymers, and
other materials, significantly boosting their effectiveness in targeted drug
delivery, biosensing, and biomedical applications. An international research
team led by North Carolina State University has pioneered a technique to align
gold nanorods using magnetic fields while preserving their optical properties.
By synthesizing separate solutions of gold nanorods and iron oxide nanoparticles
and assembling them, they achieve precise control over the "coated"
nanorods using low-strength magnetic fields. Substantial investments in
nanotechnology research drive ongoing innovation and exploration of new
applications for gold nanorods, expanding their potential uses and market
impact. These technological advancements position gold nanorods as versatile
materials poised for significant growth across diverse industries and
applications.
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Global Gold Nanorods Market is segmented into type,
end user, regional distribution, and company.
Based on End User, The Electronics & Semiconductor
segment emerged as the fastest growing in the global market for Gold Nanorods in
the forecast period. This growth is spurred by their unique optical properties, which
drive significant advancements in optoelectronics, sensor technologies, and
compact electronic devices. Ongoing research and development endeavours are
focused on leveraging these distinct characteristics for use in electronics and
semiconductors. This involves exploring novel manufacturing techniques, methods
for modifying surface properties, and integration strategies aimed at enhancing
efficiency and expanding their application in advanced electronic devices. The
increasing demand for high-performance electronic products and components,
bolstered by advancements in nanotechnology and semiconductor manufacturing, is
accelerating the integration of gold nanorods into the electronics sector.
Companies and research institutions are actively pursuing opportunities to
capitalize on their potential to develop next-generation electronics with
improved functionalities. As research continues to push the boundaries of
nanomaterial applications, the role of gold nanorods in this sector is poised
to grow, driving technological advancements and market expansion.
Based on region, the Asia Pacific region is expected
to be fastest growing region during the forecast period. Asia-Pacific
countries such as China, South Korea, India, and Taiwan are leading in
technological advancements, especially in electronics, healthcare, and
manufacturing. This leadership creates an ideal environment for developing and
adopting cutting-edge technologies like gold nanorods. The region's strong
industrial base provides ample opportunities to integrate gold nanorods into
various electronic devices and systems, which stimulates market growth. Given
their roles in biomedical imaging, drug delivery, and diagnostics, gold
nanorods are well-positioned to meet the rising demand for advanced healthcare
solutions. The Asia-Pacific region's expansive and diverse consumer market
offers significant potential for products incorporating gold nanorods, driving
investments in research, development, and commercialization efforts across
multiple sectors.
Major companies operating in Global Gold Nanorods
Market are:
- American
Elements
- CD Bioparticles,
Inc
- Cytodiagnostics
Inc.
- Strem Chemicals,
Inc.
- Merck KGaA
- Nanoshel LLC
- NanoComposix
- Sona Nanotech
Inc.
- Nanowerk LLC
- Beijing DK Nano
Technology Co. Ltd
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“The global market for gold nanorods is undergoing
significant change as industries explore their potential in unconventional
areas. Beyond their traditional uses, such as boosting renewable energy
efficiency and advancing nano-optics, gold nanorods are now acknowledged for
their capacity to spur sustainable innovation. Ongoing research into new
applications and improvements in manufacturing processes are set to propel
market growth into uncharted territories, presenting opportunities for
pioneering advancements across global industries.”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Gold Nanorods Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (LSPR Below 900nm, LSPR Above 900nm), By End User (Healthcare & Pharmaceuticals, Electronics & Semiconductor, Chemical and Material Science, Others), By Region and Competition, 2019-2029F”, has evaluated
the future growth potential of Global Gold Nanorods 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 Gold Nanorods Market.
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