The global nano metal oxide market is expected to be valued at USD 11.35 Billion in 2027 from USD 5.55 Billion in 2019, registering a CAGR of 9.3% through the forecast period. Nano metal oxides (NMOs) are a significant part of material chemistry that have been undergoing technological advancements over the past years. The NMOs exhibit distinctive properties, such as protection against ultraviolet (UV) rays, magnetization, suspension formation, and catalyzing properties. Due to such characteristics, these materials find suitable applications in electronics, chemical, energy, and healthcare sectors for the manufacture of advanced ceramics, gas sensors, chemical sensors, fuel cells, solar cells, batteries, biosensors, and super capacitors. Moreover, these materials are in high demand across industries, including paints coatings, construction, and personal care industries, due to their significant role in the production of Portland cement, anti-corrosion coatings, inks, fuel additives, rubber, and cosmetic and skincare products. Hence, nano metal oxides are derived from metal oxides through various processes, most commonly via the sol-gel process.
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The global nano metal oxide market is projected to grow at a significant pace over the estimated period due to factors such as continual advancements and increasing research activities in the field of life sciences. The expanding healthcare sector is driving the growth of this market. In the healthcare sector, NMOs are extensively used in clinical diagnosis and drug delivery systems. Leading pharmaceutical and diagnostics companies worldwide are increasingly focusing on research development programs involving these nanoparticles to develop advanced treatments and therapies for a wide range of diseases. Therefore, the rising demand for high-tech electronic devices, increasing demand for personal care and cosmetic products, growing demand in the paints coatings industry, and a rise in construction activities around the world are the other vital factors propelling the global nano metal oxide market growth.
Key findings of the report:
- Based on type, the aluminum oxide sub-segment is poised to lead the global nano metal oxide market in the upcoming years, registering a 9.3% CAGR. Aluminum oxides are mainly characterized by their hardness and robust strength properties. Products like sandpapers contain aluminum oxide crystals.
- The Asia Pacific region is the most dominant regional market in the global nano metal oxide market, with the highest revenue share. A boom in the sales of cosmetic and personal care products, escalating demand for high-tech electronic products, rising advancements in biomedical engineering, and the surging adoption of technologically advanced solutions in the healthcare sector are the primary aspects of the Asia Pacific market growth.
- Leading market participants include Goodfellow Group, SkySpring Nanomaterials Inc., Hongwu International Group Ltd., American Elements, Nanoshell LLC, Showa Denko K.K., Baikowski SAS, ABC NANOTECH CO., LTD, Nanoe, and Nanophase Technologies Corporation.
- In December 2020, Tata Chemicals developed superior nano zinc oxide, called ZnSpers, with advanced anti-microbial and UV blocking properties. The new product enables color retention in paints and coatings, offering them long-lasting luster and extreme temperature endurance.
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For the purpose of this report, the global nano metal oxide market has been segmented on the basis of type, application, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Aluminum Oxide
- Zinc Oxide
- Titanium Dioxide
- Silicon Dioxide
- Iron Oxide
Application Outlook (Revenue, USD Billion; 2017-2027)
- Paints Coatings
- Energy and Environment
- Medical Personal Care
- Electronics and Optics
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Offline Stores
- Online Retailers
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- Rest of Middle East Africa