Home > > Materials And Chemicals > > Metal Nanoparticles Market Size, Share | Report Overview 2024-2031
Id: CBI_ 1489 | Pages: 298 | Format : PDF | Published : | Author : Pawan Chasta
Metal Nanoparticles Market size is estimated to reach over USD 12.86 Billion by 2031 from a value of USD 4.28 Billion in 2023 and is projected to grow by USD 4.83 Billion in 2024, growing at a CAGR of 14.7% from 2024 to 2031.
Metal nanoparticles are made up of metals whose size ranges from 1 to 100 nanometers (nm). These small particles showcase rare properties which makes them suitable and distinctive for various industries. One of its primary properties is its high surface area-to-volume ratio which makes them highly useful as catalysts and increases their reactivity. They also exhibit excellent optical, electronic, and magnetic behaviors. They can interact seamlessly with light, leading to impressive surface plasmon resonances. They also offer high electrical and thermal conductivity, making them suitable for efficient energy storage. The unique properties of these nanoparticles make them beneficial for imaging, therapeutic applications, chemical processes, etc. The end-users of metal nanomaterials are in sectors like healthcare and pharmaceuticals, energy systems, electronics, chemical industry, etc.
Metal nanoparticles have rare optical and magnetic properties. This makes these nanoparticles suitable for applications in the medical and healthcare sectors as they help with better visualization of cells and tissues. They also make it seamless for healthcare options to properly diagnose diseases through ultrasound techniques and bioimaging like MRIs, X-rays, etc. These nanoparticles have excellent antimicrobial properties and can be used in therapies like photodynamic therapy (PDT) or photothermal therapy (PTT). They are quick to activate and can eliminate pathogens from the body with relative ease. Certain nanoparticles like silver nanoparticles offer tissue engineering and are adept at sensing biomarkers. These nanoparticles can also enhance the sensitivity of tests, offering early diagnostics for cancer treatments.
Therefore, the versatility and functionality of these nanoparticles are improving the medical and healthcare field thus driving the metal nanoparticles market growth.
Metal nanoparticles have exceptional electrical conductivity which makes them suitable for integration in miniaturized circuits and other components. This enhances the productivity of consumer electronics such as smartphones, tablets, etc. They also provide flexibility which is employed in electronics with foldable screens, wearable devices, etc. In optoelectronics, they offer better light absorption and scattering. This makes them suitable for usage in solar cells, LEDs, photodetectors, etc. These nanoparticles play a crucial role in sensor technology as they can effectively react to external environmental stimuli such as heat, pressure, etc. This makes them ideal for monitoring gas leaks and detection of discrepancies in biometric systems. They are also efficient in energy storage and offer electromagnetic interference (EMI) shielding.
Thus, as these nanoparticles are increasingly employed in optoelectronics, batteries, supercapacitors, plasmonic, and photonic devices, they offer new possibilities to sustain the metal nanoparticles market growth.
Metal nanoparticles such as titanium dioxide, silver, etc, could enter ecosystems through wastewater or industrial discharge. Once these particles have been released they persist in the ecosystems and contaminate water bodies, soil, etc. Their nanoscale size and high reactivity are toxic to aquatic life and terrestrial organisms. They disrupt cellular functions leading to negative impacts on developmental processes. For humans, long-term exposure to these nanoparticles could lead to chronic illnesses, respiratory problems, etc as they can delve deep into the lungs when inhaled.
Thus, as per analysis, the risk these nanoparticles pose to biodiversity and ecosystems has raised concerns about their usage in consumer products and industrial applications. This curbs the metal nanoparticles market demand.
Green synthesis of metal nanoparticles employs eco-friendly and non-toxic raw materials, such as plant extracts, biodegradable polymers, microorganisms, etc for the manufacture. This lowers the carbon footprint as there are less hazardous byproducts and no detrimental solvents. They produce biocompatible metal nanoparticles that can be safely employed in industries such as biomedical, agriculture, personal care, etc. Green synthesis methods are also less expensive, creating an incentive for manufacturers to adopt this method.
Thus, manufacturers opt for a sustainable synthesis method that is cost-effective too, broadens the market applications of these nanoparticles. This opens up fresh metal nanoparticles market opportunities.
The market is divided based on material type into Gold, Silver, Platinum, Copper, Nickel, and others.
Trends in the Material Type:
The gold segment accounted for the largest revenue in 2023.
Silver is expected to have the fastest CAGR during the forecasted period.
The market is divided based on its synthesis method into Chemical Vapor Deposition (CVD), Sol-Gel Method, Electrochemical Synthesis, Laser Ablation, and others.
Trends in the Synthesis Method:
Chemical Vapor Deposition accounted for the largest revenue of 30.52% in the metal nanoparticles market share in 2023.
Sol-Gel Method is expected to have the fastest CAGR during the forecasted period.
The market is divided based on end-users into healthcare, electronics, energy, textiles, cosmetics, and others.
Trends in the End-User:
Healthcare accounted for the largest revenue in the metal nanoparticles market share in 2023.
Electronics is expected to have the fastest CAGR during the forecasted period.
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 2.02 Billion in 2023. Moreover, it is projected to grow by USD 2.29 Billion in 2024 and reach over USD 6.27 Billion by 2031. Out of this, China accounted for the maximum revenue share of 41.6%.
Asia Pacific region has a growing trend to focus on the use of nanotechnology electronics and the semiconductor industry. In nations like China, Japan, South Korea, etc. there has been rapid urbanization which provided them with the provisions to establish themselves as global hubs of electronics manufacture. These nanoparticles are essential for developing high-performance sensors, semiconductors, microchips, etc. This has driven the metal nanoparticles market expansion in the region.
North America is estimated to reach over USD 3.19 Billion by 2031 from a value of USD 1.07 Billion in 2023 and is projected to grow by USD 1.21 Billion in 2024.
In North America, particularly in Canada and the US, there is a veritable base for research and development (R&D) in nanotech. The governments in these nations have made impressive investments in nanotech studies and building strong infrastructure for nanotechnology development too. Through public and private partnerships, commercializing initiatives, and R&D funding, they drove innovation in sectors where nanotech was employed.
In Europe, the trend of achieving sustainable and eco-friendly technologies is strongly based. These nanoparticles which are synthesized through green synthesis methods offer energy-efficient and renewable solutions. The Middle East and Africa (MEA) has a robust oil and gas industry. These nanoparticles due to their progressive chemical properties aid as a catalyst for reactions and water treatments increasing oil recovery rates.
The metal nanoparticles market analysis depicts that Latin America, especially Brazil, Argentina, etc experienced an expansion of their healthcare and medical sectors because they integrated nanotechnology into this sector. This laid the base for the demand for these nanoparticles in targeted drug delivery, development of medical devices, diagnostics, etc.
The Metal Nanoparticles Market is highly competitive with major players providing products to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the global metal nanoparticles market. Key players in the metal nanoparticles industry include:
Product Launches:
Mergers and Acquisitions:
Partnerships and Collaborations:
Investments and Funding:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 12.86 Billion |
CAGR (2024-2031) | 14.7% |
By Material Type |
|
By Synthesis Method |
|
By End-User |
|
By Region |
|
Key Players |
|
North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
|
The major players in the market include Cerion LLC (US), BBI Solutions (UK), Ascensus(US), Merck KGaA (US), US Research Nanomaterials Inc. (US), nanoComposix (US), Avansa Technology & Services (India), Black Pig Ltd (UK), Tanaka Holdings Co. Ltd (Japan), American Elements. (US), Nanoshel LLC (US), Meliorum Technologies Inc. (US), and Hongwu International Group Ltd (China).
The metal nanoparticles market is segmented into, material type, synthesis method, and end-user industry.
Asia Pacific is the fastest-growing region in the metal nanoparticles market.