Market Size – USD 5.55 Billion in 2019, Market Growth – CAGR of 9.3%, Market Trends –Rising innovations in life sciences
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:
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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)
Application Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
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Regional Outlook (Revenue, USD Billion; 2017-2027)
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