Global Platinum Nanoparticles Market growing at a CAGR of 4.2% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Nov 2023
Key Market Overview
Consegic Business Intelligence analyzes that the platinum nanoparticles market is predicted to grow at a compound annual growth rate of 4.2% from 2023 to 2031 and is expected to reach USD 392.79 million in 2031 and 283.16 million in 2023 which was valued at USD 273.17 million in 2022.
The report highlights the increasing use of platinum in catalysis across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the platinum nanoparticles market.
Global Platinum Nanoparticles Market By Overview
The platinum nanoparticles market is bifurcated into the product type and end-user industry. Based on the product type, the market is segmented into spherical, cube, square, and others. In 2022, the spherical segment dominates the overall platinum nanoparticles market. Based on end-user industry, the market is segmented into automotive, health care, chemical, electrical and electronics, aerospace, and others. In 2022, the health care segment dominates the overall platinum nanoparticles market.
Get Free SampleMarket Dynamics
Driver:
- Increasing use of platinum in catalysis
- Growing demand for platinum nanoparticles in electronics
Restraints:
- Toxic nature of platinum nanoparticles along with the high cost
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Spherical, Cube, Square, and Others |
| By End-user Industry | Automotive, Health Care, Chemical, Electrical and Electronics, Aerospace, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as American Elements, HiQ-Nano s.r.l., Meliorum Technologies, Inc., and Metrohm India Limited, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the platinum nanoparticles market is expected to witness substantial growth in the coming years due to emerging applications for platinum nanoparticles in the biomedical field in the energy sector in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- American Elements
- HiQ-Nano s.r.l.
- Meliorum Technologies, Inc.
- Metrohm India Limited
- NanoBio Chemicals India Pvt. Ltd.
- NANOCHEMAZONE
- Nanocomposix
- Nanoshel LLC
- Particular GmbH
- PlasmaChem GmbH
- Sigma-Aldrich
- Stream Chemicals, Inc.
- TANAKA HOLDINGS Co., Ltd