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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.
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:
Other prominent vendors include Altairnano, Meliorum Technologies, and Xuan Cheng Jing Rui New Material.
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.
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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market segmentation by type
PART 06: Market segmentation by application
PART 07: Market segmentation by geography
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
Tags: iron powder, titanium dioxide nanoparticles, specialty chemicals, safety products, metals and minerals market growth, chemicals and materials business segment,
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