Overview of the global metal oxide nanoparticles market
Technavio’s market research report predicts that the global metal oxide nanoparticles market will grow at a CAGR of nearly 10% during the forecast period. Development of ultra-light materials is one of the primary drivers for market growth. The utilization of metal oxide nanoparticles in applications such as graphic arts and substrate is rising due to its lightweight and ultra-light weight properties. It has also been observed that the nanoparticles have a big surface area compared to bulk substances. As a result, a few nanoparticles exhibit the properties of bulk substances, which increases the application of metal oxide nanoparticles in manufacturing, electronics, energy, and medical industries boosting the growth of the market.
In terms of geography, North America led the global metal oxide nanoparticles market during 2016 and is expected to continue the domination during the forecast period as well. The US is the major contributor to market growth in this region, where support from the federal government such as the National Nanotechnology Initiative drives the growth of the market.
Competitive analysis and key vendors
The global metal oxide nanoparticles market is assorted and widespread across industries like aerospace, automotive, chemical manufacturing, electronics, lighting, solar energy, pharmaceuticals and cosmetics, and steel and alloy. The key vendors in the global metal oxide nanoparticles market are concentrating on product innovation and development of advanced metal oxide nanoparticles. Moreover, the manufacturers are investing in R&D activities and launching metal oxides in new applications which is also anticipated to propel market growth.
Key vendors in the market are:
- American Elements
- EPRUI Nanoparticles & Microspheres
- Reinste
- Sigma-Aldrich
- US Research Nanomaterials
Other prominent vendors include Altairnano, Meliorum Technologies, and Xuan Cheng Jing Rui New Material.
Segmentation by type and analysis of the metal oxide nanoparticles market
- Silicon dioxide
- Aluminium oxide
- Titanium dioxide
During 2016, the silicon dioxide segment dominated the global metal oxide nanoparticles market and is expected to continue the dominion over the next four years as well. The main contributor to the segment’s growth is the rising demand for silicon dioxide from numerous industries including cosmetics, medicines, electricals, and computer chip manufacturers.
Segmentation by application and analysis of the metal oxide nanoparticles market
- Manufacturing
- Electronics and optics
- Energy and environment
- Medical and cosmetics
As per the Technavio’s market research report, the manufacturing sector led the application segment during 2016 and is expected to continue its dominance during the forecast period. The extensive use of metal oxide nanoparticles in the manufacturing industry for various applications is the major factor driving the growth of this market segment.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global metal oxide nanoparticles market?
- What are the key market trends impacting the global metal oxide nanoparticles market?
- What are the challenges to market growth?
- Who are the key vendors in the global metal oxide nanoparticles market?
- What are the market opportunities and threats faced by the vendors in the global metal oxide nanoparticles market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global metal oxide nanoparticles market?