The Global Nanoscale Metal Oxides Market is expected to register a CAGR of 10.5%, reaching a value of around USD 11.3 billion by the end of 2027.
Nanoscale metal oxides are complex chemical compounds and are manufactured from metal oxides using a different process, the most common one being the sol-gel process. These metal oxides are used in the production of cement, inks, plastics, and rubbers. In addition to this, it is used as a catalyst and stabilizer for the chemical manufacturing industry. Growing end-use industries across the globe is a key driver of the global nanoscale metal oxides market.
Market Driver:
Extensive use of nanoscale metal oxides in the fabrication of electronics & optics components such as microelectronic circuits, sensors, piezoelectric devices, fuel cells, and others is a key driver of the global nanoscale metal oxides market.
High production and sales of electronics due to the high disposable income and luxurious lifestyle of the consumers. With the technological advancements in electronics sectors such as voice recognition and artificial intelligence, demand for electronic devices such as wearables, smart speakers, home automation, etc. are expected to increase, which will have a positive influence on the nanoscale metal oxides market.
Nanoscale metal oxides have catalytic properties, high surface area, good mechanical stability, and biocompatible, therefore, these can be used in biomedical therapeutics, bio-imaging, and bio-sensing.
Recent technological advancements in medical science including drug delivery systems, gas sensors and increased accuracy in medical diagnosis, drive the use of nanoscale metal oxides in the medical industry. Nanotechnology offers benefits in treating chronic human diseases by site-specific, and target-oriented delivery of precise medicines. Some applications of nano-based medicine include chemotherapeutic agents, biological agents, immunotherapeutic agents, and others.
Furthermore, these are used in personal care products such as sunscreen, skin creams, lotions, etc. Sunscreen that uses zinc oxide nanoparticles block ultraviolet rays while minimizing the white coating on the skin.
Thus, the use of nanotechnology in the medical industry is likely to propel the demand for nanoscale metal oxides market.
Market Restraint:
Nanoparticles are small in size and can be inhaled easily. The effects of inhaled nanoparticles in the body include lung inflammation and heart problems. Studies in humans show that breathing in diesel soot causes a general inflammatory response and alters the system that regulates the involuntary functions in the cardiovascular system, such as control of heart rate. Additionally, these particles are toxic to some types of cells, such as skin, bone, brain and liver cells.
Thus, the adverse health effects of nanoparticles are a key restraining factor for the market growth.
The report on the nanoscale metal oxides market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million), Volume (Kiloton) |
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Segments Included |
Product and Application |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Nanoscale Metal Oxides Market, by Product
Nanoscale Metal Oxides Market, by Application
Nanoscale Metal Oxides Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE NANOSCALE METAL OXIDES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
