Technavio’s latest chemicals and materials industry report covers the present scenario and growth prospects of the global metal oxide nanoparticles market for the period 2016-2020.

In this report, Technavio’s metals and minerals research experts announce their key market highlights for the global metal oxide nanoparticles market. Their findings include:

Global metal oxide nanoparticles market expected to grow more than 9% through 2020

The global metal oxide nanoparticles market is expected to grow at a rapid rate during the forecast period due to an increased demand arising from the manufacturing, electronics, and optics industry. By volume, the global metal oxide nanoparticles market was valued nearly 10 kilo tons in 2015 and is expected to exceed 15 kilo tons by 2020. One of the key trends driving this growth is the significant increase of recent new entrants in the field of nanotechnology.

“With extensive uses of nanomaterials in industrial and commercial applications, owing to their unique characteristics and small size, the nanotechnology market has been flooded with patents and advanced products,” said Technavio lead metals research analyst Chandrakumar B J. The number of patents in France, Germany, and especially the US has increased dramatically within the past five years.

Manufacturing is the major application

In terms of segmentation by application, manufacturing is the largest, with a market share of over 39% in 2015. Its share is expected to slightly increase by 2020.

Metal oxide nanoparticles are widely used in the manufacturing industry for various applications. Some examples of its usage are zinc oxide nanoparticles being used in industrial coatings to protect plastic, wood, and textiles from harmful effects of UV radiations and silicon dioxide nanoparticles used to strengthen tennis racquets by filling the gap between carbon fibers. Metal oxide nanoparticles are also used in the manufacturing of various materials such as colored rubber, plastic, paints, glass, and steel to enhance strength and resistance to UV radiations.

The medical and cosmetics segment is currently the 4th largest but is expected to grow at a CAGR of almost 10%, the fastest of any segment. The rising concerns for health and personal grooming is driving this segment’s growth as metal oxide nanoparticles are used for skin care products like sunscreen. These nanoparticles are also used in toothpaste to provide whiteness and opacity, while cerium oxide nanoparticles act as an antioxidant and can be used to remove oxygen free radicals from a patient's bloodstream after a traumatic surgery.

China will emerge as a major market

The metal oxide nanoparticles market in North America is highly diversified but China is expected to grow at a faster rate and become a major player in the forecast period due to its vast mineral wealth, booming manufacturing and electronics segments, extensive internal investment, and huge labor force. China has an advantage over other countries as it holds a monopoly of many rare earth metal deposits that help in the growth of the Chinese nanoparticles market. China’s emergence will boost metal oxide nanoparticle growth in APAC, which will be the fastest growing of any region through 2020. South Korea, Japan, and Taiwan are other potential markets for metal oxide nanoparticles in APAC.

Top vendors covered in this report:

  • American Elements
  • EPRUI Nanoparticles and Microspheres
  • NanoScale
  • Reinste
  • US Research Nanomaterials

Browse Related Reports:

  • Global Zinc Market 2016-2020
  • Global Metal Matrix Composites Market 2016-2020
  • Global Non-ferrous Casting Market 2016-2020

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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