The Metal Nanoparticles Global Market Report 2023 by The Business Research Company, provides metal nanoparticles market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Metal Nanoparticles Global Market Report 2023, the global metal nanoparticles market size will grow from $22.2 billion in 2022 to $25.76 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the metal nanoparticles is expected to grow to $44.62 billion in 2027 at a CAGR of 14.7%.
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 synthesised 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 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
Increasing research and development activities in metal nanoparticles is a key trend in the market. Various companies and research institutes are focusing on advanced research to leverage and use metal nanoparticles for a range of applications. For instance, in February 2022, the Korea Institute of Science and Technology (KIST) created metal nanoparticles that were significantly capable of boosting the performance of hydrogen fuel cell catalysts by employing semiconductor manufacturing technology. The institute used sputtering technology to overcome the inadequacies of the prevailing chemical synthesis.
The metal nanoparticles market report table of contents includes:
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