PUBLISHER: Allied Market Research | PRODUCT CODE: 1139924
PUBLISHER: Allied Market Research | PRODUCT CODE: 1139924
The global nano copper oxide market was valued at $39.09 million in 2021, and is projected to reach $84.81 million by 2031, growing at a CAGR of 8.1% from 2022 to 2031.
Nano copper oxide is a brownish-black or red colored nanoparticle, available as powder or dispersions on the market. Some of the characteristics of the material include its intriguing optical, catalytic, mechanical, and electrical capabilities. It is largely incorporated in catalysts and electrical & electronics use. Some of the other end-users of nano copper oxide are coatings, sensors, lubricants, energy storage & conversion, and academics & research. It also has anti-microbial capabilities and is chosen over other antimicrobial nanoparticles such as nano zinc oxide & nano silver due to cheaper price.
The nano copper oxide market is now in its development phase, as it is employed in a variety of sectors and several studies are underway to identify its next end-user. During the projected period, the global nano copper market is anticipated to expand significantly, with Asia-Pacific being the fastest-growing region. North America is now the largest market for nano copper oxide. Demand for energy storage devices and developments in electronic equipment are the key drivers for the market growth. However, the nanomaterial's toxicity to humans and aquatic life may limit its commercial expansion. Continuous government-supported R&D and rise in the number of end users are anticipated to create substantial opportunities for industry players across the value chain.
Increased disposable income in countries such as Japan and South Korea is driving the growth of industries such as paints and coatings, electricals and electronics, textiles, healthcare and life sciences, among others. Rapid development and rising investment in these industries are driving market expansion and demand for nano copper oxide.
The nano copper oxide market is segmented on the end-use industry and region. On the basis of end-use industry, the market is categorized electricals & electronics, energy storage, paints & coatings, catalysts and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global nano copper oxide market are American Elements, Hongwu International Group Ltd, Inframat Advanced Materials, LLC, Merck KGaA, Nanjing Emperor Nano materials Co., Ltd, Nanoshel LLC, Nanostructured & Amorphous Materials, Inc, Novacentrix, Iolitec Ionic Liquids Technologies GmbH, PlasmaChem GmbH, Sisco Research Laboratories Pvt. Ltd., SkySpring Nanomaterials Inc, Stream Chemicals, Inc, Suzhou Canfuo Nanotechnology Co., Ltd., and US Research Nanomaterials, Inc.
Key Benefits For Stakeholders
IMPACT OF COVID-19 ON THE GLOBAL NANO COPPER OXIDE MARKET
Key Market Segments
By End User
By Region