According to The Insight Partners market research study titled “Global Nanocopper Oxide Market to 2027 – COVID-19 Impact and Global Analysis by End User (Electricals and Electronics, Paints and Coatings, Catalysts, Energy Storage, Others); and Geography”, The market was valued at US$ 75,937.5 thousand in 2018 and is projected to reach US$ 251,148.8 thousand by 2027.
Strategic Insights
Report Coverage |
Details |
Market Size Value in |
US$ 75,937.5 thousand in 2018 |
Market Size Value by |
US$ 251,148.8 thousand by 2027 |
Growth rate |
CAGR of 14.4% from 2019-2027 |
Forecast Period |
2019-2027 |
Base Year |
2019 |
No. of Pages |
141 |
No. Tables |
29 |
No. of Charts & Figures |
64 |
Historical data available |
Yes |
Segments covered |
End User ; and Geography |
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
Country scope |
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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The nanocopper oxide is defined as a red or brown-black colored nanomaterial which is available in various forms and is used to meet the need of the diversified application-base. These nanoparticles are known to possess several chemical and physical features which include antimicrobial and antibiocide properties, coupled with photovoltaic properties, relatively stability, and superconductivity. These nanomaterials are generally used in small quantity to boost the performance of the end-product and are considered to be advanced cost-efficient solutions. Therefore, these are used to manufacture batteries, semiconductor devices and equipment, gas sensors, microelectronics, and other equipment. Through extensive research and development activities, these nanoparticles have found applications in biomedical, agricultural, textile, and other relevant industries.
Adoption of metal oxide nanoparticles in paints & coatings applications is expected to escalate the global nanocopper oxide market at a CAGR of 14.4%
The Asia Pacific region is expected to be the fastest growing region for the nanocopper oxide market in the forecasted period. The growth of the Asia Pacific region is primarily attributed to the increase in population along with growth in industrial and infrastructural activities. Some of the major economies, in the region, include China, India and others are looked upon as favorable regions for production activities. Hence, to meet out the growing demand for nano copper oxide, many new companies are entering the market. Further, strong growth in semiconductor, building and construction, energy and other sector are set to raise the demand for electrical goof, paints and coating and others. This is expected to have a positive impact upon the growth of the nanocopper oxide market in the Asia Pacific region.
Impact of COVID-19 on Nanocopper Oxide Market
COVID-19 outbreak first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. As of March 2020, China, Italy, Iran, Spain, Republic of Korea, France, Germany, and the US are among the worst affected countries in terms of positive cases and reported deaths. The outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry is one of the major industries that are facing serious disruptions such as factories shutdown, supply chain breaks, events cancellations, and office shutdowns as a result of this outbreak.
Download the Latest COVID-19 Analysis on Nanocopper Oxide Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00011040/
Nanocopper Oxide Market: By End User
Based on end user, the nanocopper oxide market is segmented into electrical and electronics, paints and coatings, catalysts, energy storage, and others. The paint and coating segment is expected to grow at a higher CAGR during the forecast period. Paint and coatings depict a liquid which is castoff to coat a solid surface in order to seal, protect or colour. For this purpose, pigments such as solid nano particulates plays an imperative role and have been used since millennia. Nowadays, nanomaterials are being used in order to increase the effectiveness and to provide new functionalities to the paints. There are already numerous nano-enhanced paints on the market. Recently, the demand for nanocopper oxide have witnessed a slight increase, with the increasing demand for innovative paints and coating in automotive industry. Currently, the most applicable nanomaterials for the paint and coating industry are silicon dioxide and nanoscale titanium dioxide; however, demand for silver, copper, aluminium oxide, zinc oxide, cerium dioxide, copper oxide, is also expected to increase over the forecast period, which is anticipated to enhance over the forecast period in the paints and coating industry significantly.
Nanocopper Oxide Market: Competitive Landscape and Key Developments
American Elements, Hongwu International Group Ltd, Inframat Corporation, nanoComposix, Nanoshel LLC, Nanostructured & Amorphous Materials, Inc., PlasmaChem GmbH, SkySpring Nanomaterials Inc., Strem Chemicals Inc., and US Research Nanomaterials, Inc. are among the well-established players present in the global nanocopper oxide market.
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Several strategic initiatives are commonly adopted by companies to expand their footprint worldwide. The players present in the nanocopper oxide market such as American Elements, nanoComposix, and PlasmaChem GmbH are among the market players implementing this strategy to enlarge the customer base and gain significant market share, which also permits the players to maintain their brand name globally.
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