Metal Oxide Nanoparticles Market Projected To Hit $1.8 Billion By 2030 | Growth With Recent Trends & Demand

According to a new report published by Allied Market Research, titled, " Metal Oxide Nanoparticles Market by Type, End Use Industry, and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global metal oxide nanoparticles market was valued at $0.9 billion in 2020, and is projected to reach $1.8 billion by 2030, growing at a CAGR of 7.3% from 2021 to 2030"

"The focus on metal oxide nanoparticles is expected to remain significant over the next few years as more advanced materials based on MONPs find more potential applications in energy, electronics, automotive, construction, cosmetics, and aerospace industries. Currently, its use in various types of drug therapy is being navigated. Some of the treatments are commercial while many more are expected to be released.

In addition to diversifying the application areas, focus on green synthesis of MONPs will be preferred by industry players if financial and technical criteria are met. New metal oxide nanoparticles will need to be cost effective and eco-friendly."

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The global metal oxide nanoparticles market is segmented into type, end use industry, and region. Depending on type, the global metal oxide nanoparticles market is fragmented into aluminum oxide, titanium dioxide, copper oxide, magnesium oxide, zinc oxide, and others. The titanium dioxide segment garnered the largest share in 2020, owing to greater use in electronics and biomedical applications. On the basis of end-use industry, the global metal oxide nanoparticles market is segregated into optics & electronics, healthcare, automotive, construction, ceramic & glass, personal care, paints & coatings, and others. The optics & electronics segment exhibited the highest growth in 2020, owing to the use of MONPs for manufacturing batteries, sensors, antennas, integrated circuits, and optics.

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Impact Of Covid-19 On The Global Metal Oxide Nanoparticles Market:

► The COVID-19 pandemic has negatively affected the global economy, thereby changing consumer spending patterns globally.

► This directly affected sales of cosmetic products and cosmetic ingredients such as TiO2 and ZnO.

► In addition, there was a shortage in raw material supply as major countries such as China and Germany had to cease its manufacturing setups to focus on controlling the pandemic. The major end users of MONPs such as electronics, semiconductor, automotive, glass, and cosmetics faced such issues.

► However, the healthcare sector and the biomedical sector associated with it gained significant attention post the pandemic as vaccine development and drug therapies took prime importance.

Key Benefits For Stakeholders:

► The report outlines the current metal oxide nanoparticles market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.

► Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

► The major countries in the region have been mapped according to their individual revenue contribution to the regional market.

► The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.

► The profiles of key players and their key strategic developments are enlisted in the report.

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Key Market Players:

► EPRUI Biotech Co. Ltd

► Hongwu International Group Ltd

► Intelligent Materials Pvt. Ltd. (Nanoshel)

► Meliorum Technologies Inc

► Merck KGaA

► Nanophase Technologies Corporation

► NanoResearch Elements Inc

► SkySpring Nanomaterials Inc

► Star Grace Mining Co. Ltd

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