According to a report, “Gold Nanoparticles Market Size, Share & Trends Analysis Report By End Use (Medical & Dentistry, Electronics, Catalysis), By Region, And Segment Forecasts, 2019 – 2025 ”, published by Grand View Research, Inc.,The global gold nanoparticles market size is expected to reach USD 6.33 billion by 2025, as per a new report by Grand View Research Inc. It is projected to register a CAGR of 12.5% during the forecast period. Increasing demand from various end-use industries, high demand for nanotechnology induced diagnostics and treatments in healthcare industry, and technological advancements are anticipated to propel the market.
North America led the market in the previous years and is expected to witness growth in near future as well owing to the increasing R&D investments by nanotechnology organizations and universities. Furthermore, growing medical diagnostics domain is also projected to contributing to the regional market growth.
Electronics segment is expected to grow impressively in the forthcoming years owing to rising demand for consumer electronics, compact storage devices, and high usage of nanotechnology in photovoltaic cells. Hence, such growing niche applications are expected to create lucrative opportunities for the gold nanoparticles market during the forecast period.
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Growing awareness for metal nanomaterials essentially for diagnosis and treatment of tumor cells is trending in the market. Additionally, efforts for R&D and innovations in gold nanoparticles domain is yet another trend witnessed in the market. Use of gold nanoparticles as nanorods has opened new growth avenues for the detecting cancerous tumors and improved biological imaging.
Further key findings from the report suggest:
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North America is anticipated to lead the gold nanoparticles market, owing to high demand for nanotech products in medical diagnostics, nanoparticles in detecting cancer, and growing R&D activities
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Rise in favorable government initiatives across the developing Asia Pacific economies, such as India and China is facilitating healthy FDI flow in chemical domain, thereby strengthening the regional markets
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Medical and dentistry segment accounted for USD 784 million in 2018 and is expected to lead the market with a CAGR of 11.8% by 2025 due to increasing application of nanomaterials in diagnostics, therapeutics, and medical imaging
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Asia Pacific is expected to expand at a CAGR of 14.7% by 2025 since it is emerging as an electronics manufacturing hub especially from economies, such as Taiwan, China, Japan, and South Korea
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Increasing efforts by manufacturers for innovations in nanotechnology, increasing scope of application, and high demand from electronics segment are few opportunities observed, thereby driving the market in near future
Regional Insights
North America was estimated at USD 919.0 million in 2018 and is expected to expand at a healthy CAGR of over 11% by 2025 due to the presence of well-established healthcare sector in the region. Additionally, growing investments in R&D activities is expected to boost the market in the forthcoming years. Researchers are introducing products that can attract and destroy viruses in the human body. These products will imitate human body cells and cure antimicrobial diseases. Various materials are being introduced for treating skin ageing diseases, which is benefitting the medical sector, thereby driving the regional growth.
Europe is predicted to expand at a CAGR of 10.0% by 2025 owing to increasing healthcare spending and innovations in in-vitro therapeutics and diagnostics. Moreover, potential demand from Europe due to growing medical and healthcare domain is expected to contribute to the regional growth.
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Increasing application scope of nanoparticles in the making of glass tinting, photovoltaic plates, and fruit protection is an opportunity for the market players. Furthermore, growing niche applications, such as nanowires, fruit and vegetables protection will also create opportunities for the market in near future.
Grand View Research has segmented the global gold nanoparticles market on the basis of end use, and region:
Gold Nanoparticles End Use Outlook (Volume, Kilo Grams; Revenue, USD Million, 2014 – 2025)
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Medical
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Electronics
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Catalysis
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Other
Gold Nanoparticles Regional Outlook (Volume, Kilo Grams; Revenue, USD Million, 2014 – 2025)
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North America
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U.S
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Canada
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Mexico
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Europe
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Germany
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U.K.
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Russia
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France
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Italy
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Spain
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Asia Pacific
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China
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India
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Japan
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Australia
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South Korea
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Central & South America
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Brazil
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Argentina
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Middle East & Africa
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