Press release
Gold Nanoparticles Market will Exhibit a CAGR of over 15% During 2017 to 2026
The nanoparticles industry has been witnessing an influx of research & development activities apropos to potential applications of the gold nanoparticles. For example, several researches have implied potential of gold nanoparticles to enhance biosynthesis in plant plastids through injection into plant cells. The process further enables assessment of these particles’ performance in plant cells. Considered as the potential osteogenic agents, gold nanoparticles have huge influence on the osteoblast differentiation simulation in the space of dentistry. Additionally, titanium dental implant surfaces have witness immense traction over the recent past, wherein gold nanoparticles seek notable adoption.
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According to Transparency Market Research’s recently compiled report, the global gold nanoparticles market will exhibit a CAGR of over 15% during the forecast period, 2017 to 2026. More than US$ 8,000 Mn worth of gold nanoparticles are envisaged to be sold worldwide by 2026-end. They are extensively utilized as contrast agents for optical coherence tomography (OCT) technique in the dentistry. Development and production of gold nanoparticles in dentinal tubules & layers for assisting visualization of structures in a non-invasive and non-destructive manner has been emerging as a new trend in the global gold nanoparticles market.
Ultra-light Weight of Gold Nanoparticles driving their Demand
The ultra-light weight of gold nanoparticles has proliferated their application in glass and optics. Lightweight property of these nanoparticles helps in enhancing their surface area, thereby offering features associated with bulk substances but confined to a compact space, and delivering same functionality as that of their bulk counterparts. Global inclination towards compact electronic devices has further impacted demand for ultra-thin nanoparticles such as gold nanoparticles. Nanowires and inks produced by using these nanoparticles seek application in the assembly of electronic biosensors and compact storage devices.
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Asia-Pacific excluding Japan (APEJ) will steer the global market for gold nanoparticles, with an estimated market revenue share of over 30% by 2026-end. The region is largest electronics manufacturing hub that is governed by development of the nanotechnology industry across countries such as India, Korea, Taiwan, and China. Expansion of the photovoltaic and high-precision printing industries will further underpin demand for gold nanoparticles in APEJ.
Healthcare to Remain Largest End-User of Gold Nanoparticles
Adoption of nanotechnology in the healthcare sector for pharmaceutical and medical applications has surged significantly in the past couple of years. Diagnostics, medical imaging, and therapeutics have remained dominant domains of healthcare with regard to nanotechnology adoption. Additionally, robust research & development activities associated with cancer therapeutics & prevention targeted toward integration of nanoparticle technology with drug delivery systems is expected to pose a positive impact on the market’s growth in the near future. These instances will further rub off on demand for gold nanoparticles in the healthcare sector. Healthcare will prevail as the largest end-user of gold nanoparticles, in terms of revenues.
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Characterized by intense competitive environment, the global market for gold nanoparticles is marked by occupancy of several multinational as well as medium-scale enterprises. Deemed as a highly cost-exhaustive industry, gold nanoparticles have modest yield for specific range of applications. Enormous research and development investments regarding application-specific gold nanoparticles is a key characteristic of the market. The report profiles key participants supporting growth of the global gold nanoparticles market, which include BBI Solutions, Johnson Matthey Plc, Meliorum Technologies, Inc., Innova Biosciences, and Cytodiagnostics.
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