The Metal Nanoparticles Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Metal Nanoparticles Global Market Report 2024, The metal nanoparticles market size has grown rapidly in recent years. It will grow from $25.33 billion in 2023 to $29.09 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to automotive and aerospace research, textile development trials, environmental remediation research, electronics and semiconductor industry, industrial catalysis exploration.
The metal nanoparticles market size is expected to see rapid growth in the next few years. It will grow to $44.87 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to regulatory landscape impact, automotive and aerospace advancements, textile industry integration, food packaging innovations, rise in cosmetics and personal care. Major trends in the forecast period include automotive and aerospace applications, advancements in nanotechnology, healthcare and biomedical applications, environmental remediation, electronics and optoelectronics.
The increasing demand for metal nanoparticles in the expanding pharmaceutical industry is expected to drive the market. Metal nanoparticles have several advantageous properties that unlock new pathways in biomedical science and engineering. Metal nanomaterials can be synthesized and modified with appropriate functional groups that allow them to bind with drugs, antibodies, ligands, and others, which allows for several applications in disease treatment, drug delivery, diagnostic assays, and others. The global pharmaceutical market size is expected to grow from $1,250.2 billion in 2021 to $1,814.0 billion by 2026. Hence, the increasing demand from the growing pharmaceutical industry is expected to boost the demand for growth of metal nanoparticles market.
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The metal nanoparticles market covered in this report is segmented –
1) By Metal: Platinum, Gold, Silver, Copper, Nickel, Titanium, Iron, Other Metal Types
2) By Synthesis Method: Chemical Methods, Physical Methods, Bio-Based Methods
3) By End-Use Industry: Pharmaceutical And Healthcare, Electrical And Electronics, Catalyst, Personal Care And Cosmetics, Other End-Use Industry
Major companies operating in the metal nanoparticle market are developing innovative technologies such as electroplating. Electroplating is a process for producing a thin coating of one type of material on a solid substrate through the reduction of cations in that material by means of a direct electric current. For instance, in January 2023, Ag-Nano System LLC, a Francisco-based noble metal coating company, launched a new method of electroplating based on golden silver nanoparticles aimed at replacing gold plating used in electrical circuits. The use of noble metal nanoparticles, including gold and silver, in various biomedical and industrial applications further underlines the significance of this technology in the metal nanoparticle market.
The metal nanoparticles market report table of contents includes:
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