Metal Nanoparticles Global Market Report 2024

The metal nanoparticles market size has grown rapidly in recent years. It will grow from $25.33 billion in 2023 to $29.09 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth during the historical period can be attributed to research in automotive and aerospace technology, trials in textile development, studies on environmental remediation, advancements in the electronics and semiconductor industry, and exploration in industrial catalysis.

The metal nanoparticles market size is expected to see rapid growth in the next few years. It will grow to $44.87 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The anticipated growth in the forecast period is due to the impact of regulatory changes, advancements in the automotive and aerospace sectors, the integration of the textile industry, innovations in food packaging, and an increase in demand for cosmetics and personal care products. Major trends expected during this period encompass applications in automotive and aerospace industries, progress in nanotechnology, utilization in healthcare and biomedical fields, efforts in environmental remediation, and applications in electronics and optoelectronics.

The burgeoning pharmaceutical industry's escalating need for metal nanoparticles is projected to steer market growth. Metal nanoparticles possess numerous advantageous traits that open new avenues in biomedical science and engineering. These nanomaterials can be synthesized and tailored with specific functional groups, enabling binding with drugs, antibodies, ligands, and more, facilitating diverse applications in disease treatment, drug delivery, diagnostic assays, and beyond. Forecasts indicate the global pharmaceutical market size to surge from $1,250.2 billion in 2021 to $1,814.0 billion by 2026. Consequently, the mounting demand within the expanding pharmaceutical sector is anticipated to drive the increased need for metal nanoparticles, propelling their market growth.

The increasing demand for semiconductors is anticipated to drive the expansion of the metal nanoparticle market in the foreseeable future. Semiconductors, intriguing materials that sit between conductors and insulators in terms of electrical conductivity, utilize metal nanoparticles to facilitate the growth of controlled morphology and properties in thin-film semiconductor layers. For instance, in 2022, the Semiconductor Industry Association, a US-based semiconductor industry entity, reported global semiconductor sales reaching $574 billion, with U.S. semiconductor companies contributing sales totaling $275 billion. Consequently, the surging demand for semiconductors is a key factor propelling the growth of the metal nanoparticle market.

A notable trend within the market involves a substantial increase in research and development activities centered on metal nanoparticles. Numerous companies and research institutes are directing their efforts towards advanced research to explore and harness the potential applications of metal nanoparticles. For instance, in February 2022, the Korea Institute of Science and Technology (KIST) achieved a significant breakthrough by creating metal nanoparticles that greatly enhance the performance of hydrogen fuel cell catalysts. This feat was accomplished by leveraging semiconductor manufacturing technology. The institute utilized sputtering technology as an innovative approach to address the limitations associated with the existing chemical synthesis methods, marking a significant leap forward in this field.

Leading companies in the metal nanoparticle market are pioneering innovative technologies such as electroplating. Electroplating involves the deposition of a thin coating of a specific material onto a solid substrate by reducing cations of that material using a direct electric current. For instance, in January 2023, Ag-Nano System LLC, a noble metal coating company based in San Francisco, introduced a novel electroplating method centered around golden silver nanoparticles. This innovation aims to replace traditional gold plating commonly utilized in electrical circuits. The utilization of noble metal nanoparticles, such as gold and silver, across various biomedical and industrial applications underscores the significance and versatility of this technology within the metal nanoparticle market.

In July 2021, Fortis Life Sciences, a life sciences company headquartered in the US, acquired nanoComposix for an undisclosed sum. This acquisition aims to integrate nanoComposix with Fortis's existing portfolio businesses, fostering greater synergy particularly in the life science reagent sector. nanoComposix, based in San Diego, is a leading nanomaterials firm specializing in assay development and diagnostic solutions.

Major companies operating in the metal nanoparticles market report are Tanaka Holdings, Strem Chemicals, Quantumsphere, Nano Labs, NOVA NanoTechnologies, Nanophase Technologies Corporation, Colloidal Tech Inc., American Elements, Meliorum Technologies, Blacktrace Holdings, nanoComposix, BBI Group, Nanoshel, Plasmachem GmbH, Cerion Nanomaterials, Nanostructured & Amorphous Materials, Antaria Ltd., Nanopartz, EPRUI Nanoparticles & Microspheres, US Research Nanomaterials, Nanocs, Sigma-Aldrich, Seashell Technology, Skyspring Nanomaterials, American Nanomaterials LLC, Inframat Advanced Materials, Innova Biosciences, AMT Nano Materials, Nanosphere Inc., Advanced Nano Products Corp.

North America was the largest region in the metal nanoparticles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metal nanoparticles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal nanoparticles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

In the field of metal nanoparticles, various metals are utilized, including platinum, gold, silver, copper, nickel, titanium, iron, and others. Platinum nanoparticles, for example, are nanosized platinum particles typically suspended or colloidal in a fluid. These particles are malleable and ductile, finding applications in industries such as pharmaceuticals and healthcare, electrical and electronics, catalysts, personal care and cosmetics, among others. The synthesis methods for metal nanoparticles include chemical, physical, and bio-based methods.

The metal nanoparticles market research report is one of a series of new reports that provides metal nanoparticles market statistics, including metal nanoparticles industry global market size, regional shares, competitors with a metal nanoparticles market share, detailed metal nanoparticles market segments, market trends and opportunities, and any further data you may need to thrive in the metal nanoparticles industry. This metal nanoparticles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The metal nanoparticles market consists of sales of zinc., cerium, silica, zirconium, magnesium, and thallium. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.