Global Metal Oxide Nanoparticles Market Analysis & Trends - Industry Forecast to 2030
Metal Oxide Nanoparticles: Market Size
From $1.19 billion in 2024, the global Metal Oxide Nanoparticles market is projected to reach $2.25 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 11.2% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include huge demand from end-use industries, increasing R&D activities to enhance product applications, and increasing the application scope of metal oxide nanoparticles.
Global Metal Oxide Nanoparticles Market: Market Dynamics
Rise in demand for MONP-based sensors, surge in demand from the electronics industry, recent innovation supports the applications of metal oxide nanoparticles in pharmaceuticals, cosmetics, and medical & life sciences, and increase in demand for MONPs for biomedical applications are the major factors propelling the market growth.
On the other hand, the hazardous nature of MONPs is likely to obstruct the profit boundaries. In addition, the green approach toward synthesizing MONPs will further boost for the Metal Oxide Nanoparticles market.
Impact of COVID-19 on Metal Oxide Nanoparticles
The pandemic drastically affected the sale of cosmetic products and ingredients, which hampered the demand for MONPs. The lockdown and restrictions on import & export disrupted the supply chain. Moreover, several manufacturing facilities were closed for a long period, which created a huge gap in supply and demand. The COVID-19 pandemic has affected sales of cosmetic products and cosmetic ingredients, which negatively impacted the market demand for advanced materials like metal oxide nanoparticles.
By End User
Optics & Electronics Segment Dominate the Market in 2024
The optics & electronics segment made huge revenue in 2024 during the forecast period. Optics & electronics sector stand to be the dominating segment, where its requirement is widely driven due to growing demand for numerous electronic equipments throughout the world. Semiconducting metal oxide nanoparticles-based gas sensors are witnessing great attention owing to its advantages such as fast and sensitive detection portability and low cost.
By Geography
North America Region is Leading in the Global Market Place
North America region is likely to have a huge demand in the forecast period owing to the increasing utilization in the pharmaceutical, personal care, and electronics sector. In pharmaceutical industry, metal oxide nanoparticles are used for hyperthermia disease treatment and in therapeutic applications as drugs, nanocarriers, and diagnostic tools and North America region is witnessing steady growth of pharmaceutical industry which in turn expected to propel the demand for metal oxide nanoparticles.
List of the Key Players Profiled in the Market Include: • Altairnano
• American Elements
• EPRUI Nanoparticles and Microspheres
• Meliorum Technologies
• NаnоЅсаlе
• Reinste
• Sigma-Aldrich
• US Research Nanomaterials
• Xuan Cheng Jing Rui New Material
• Ассеѕѕ Вuѕіnеѕѕ Grоuр
List of the Regions/Countries Profiled in the Market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others