Metal & Metal Oxide Nanoparticles Market to Witness Robust Growth Due to Increasing Demand from the Various End-Use Industries

 

Metal & Metal Oxide Nanoparticles Market

The metal & metal oxide nanoparticles market is witnessing robust growth due to increasing demand from various end-use industries, such as packaging, aerospace, energy, electronic and optoelectronics, automotive, adhesives and sealants, construction and medicine, household cleaning, paints and coatings, etc. Metal Nanoparticles can be classified into zinc, magnesium, platinum, silver, gold, aluminum, iron, silicon, titanium, and copper. Metal and metal oxide nanoparticles find vast applications in various end-use industries due to their strong optical, electronic, chemical, and mechanical properties. Thus, with the rapid growth of such industries, the demand for metal and metal oxide nanoparticles is also increasing with a rapid pace.

Metal oxide nanoparticles exhibit different physiochemical properties and are different than their native bulk compounds in several aspects. Metal and metal oxide nanoparticles such as zinc oxide nanoparticles have large surface area and exhibit antimicrobial properties and both thermal and chemical stability. Thus, zinc oxide nanoparticles are widely used as efficient nanoadsorbents. They find vast application in cosmetics and sunscreen lotions due to its high UV protection properties. Moreover, zinc oxide nanoparticles are used in paints and coatings, electronics, and textiles due to their anti-corrosion, anti-fungal, and anti-bacterial properties. The above mentioned factor are responsible for the growth of the metal & metal oxide nanoparticles market.

Moreover, growth of the metal & metal oxide nanoparticles market, in the Asia Pacific, is mainly driven by the rapid growth of the electronic industry; the largest consumer of the metal and metal oxide nanoparticles. According to Retailers Association of India (RAI), sales of consumer electronics increased by 2% in September 2020 and by 8% in October 2020, as compared with same months in the last year. Moreover, Indian appliances and consumer electronics industry is expected to reach US$ 21.18 billion by 2025. There is also an increasing demand for metal oxide nanoparticles from the automotive and pharmaceutical industries.

The metal & metal oxide nanoparticles market is anticipated to witness strong growth in the medical sector due to its increased application as anti-fungal and anti-bacterial agents. Over the years, the use of metal and metal oxide nanoparticles has increased greatly as they are manufactured in hundreds of thousands of tons for use in a diverse range of products in markets. However, toxicity associated with metal & metal oxide nanoparticles, as they are widely used in the electronic products, may contaminate the environment, which in turn, is expected to hamper the metal & metal oxide nanoparticles market growth.

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