The global metal and metal oxide nanoparticles market size accounted for USD 67,740 million in 2024 and is expected to exceed around USD 2,10,390 million by 2034, growing at a CAGR of 12% from 2024 to 2034.
The metal and metal oxide nanoparticles market is a growing industry that uses nanoparticles in several applications. These nanoparticles are nanomaterials that possess unique characteristics, including chemical and magnetic properties and find their applications in the electronics, biomedical, and energy production industries. It is majorly used in products like microcircuits, sensors, and solar cells, as well as in cosmetics.
Many forces are driving the growth of the metal and metal oxide nanoparticles market. Some of the primary factors include the rise in the electronics industry, which uses metal nanoparticles for the manufacturing of semiconductors. It is also widely used in the aerospace industry, cosmetics industry, and textile. The market faces some limitations, including the cost being unexceptionally high, which may limit the use of metal and metal oxide nanoparticles. Some metal oxides, like the ones that are made up of zinc, and copper, may be hazardous, and these factors might challenge the growth of the market. Despite this, the metal and metal oxide nanoparticles market is said to grow in the coming years due to several factors such as the widespread awareness among people regarding their skin health, which will lead to an increase in the demand for cosmetics, rise in solar power plants, and technological advancements in the medical field.
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| Stats ID: | 7103 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7103 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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