Colloidal Selenium Nanoparticles Market Size By Grain Structure (Spherical, Rod), By Purity (2N, 3N , 4N, 5N), By Application (Medical, Food, Electronics, Chemical), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026

Published Date: Jan 2020  |  Report ID: GMI4492  |  Authors: Kiran Pulidindi, Soumalya Chakraborty

Report Format: PDF   |   Pages: 271   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global Colloidal Selenium Nanoparticles Market size was valued at over $55 million in 2018 and is estimated to exhibit growth with over 30% CAGR from 2019 to 2026. This can be attributed to the rising product usage as anticancer drug delivery carrier and nutrition supplement.
 

Colloidal selenium nanoparticles (colloidal SeNP) are dispersed nanoparticles, generally containing more than 99% of pure selenium within an aqueous solution. These nanoparticles possess excellent therapeutic and anticancer properties, which is the key reason behind their wide usage in the medical and healthcare industry.
 

Colloidal Selenium Nanoparticles Market

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Apart from these, many researchers are conducting experiments for identifying potential applications of the product in other sectors as well. For instance, in February 2016, Brown University filed a patent that demonstrated the usage of SeNP for limiting the growth of pathogens in various applications of textiles, woven & non-woven fabrics, medical implant, etc.
 

Colloidal Selenium Nanoparticles Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 57.19 Million (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 31.4% 2026 Value Projection: 479.59 Million (USD)
Pages: 271 Tables, Charts & Figures: 446
Geographies covered (18): U.S., Canada, Germany, UK, France, Italy, Russia, Nordic Countries, China, India, Japan, South Korea, Taiwan, Singapore, Brazil, Mexico, Saudi Arabia, Israel
Segments covered: Grain Structure, Purity, Application, Region
Companies covered (9): Nanoshel, Nanografi Nano Technology, MKnano, Nano Research Elements, SkySpring Nanomaterials, American Elements, Nanocs, Land Green & Technology, Amnium Technologies Private Limited
Growth Drivers:
  • Growing R&D projects for potential usage of colloidal selenium in the medical industry
  • Advantages of selenium nanoparticles as a catalyst
  • Increasing consumer spending on packaged foods and rising health awareness against food borne diseases
Pitfalls & Challenges:
  • Safety and toxicity concerns of orally delivered selenium nanoparticles
  • High prices coupled with uncertainty in product demand

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Colloidal SeNP paving way for advanced nanomedicine technologies

Growing research activities in the field of medical science and healthcare industry is likely to boost the development of colloidal selenium nanoparticles market share. Researchers and scientists are synthesizing SeNP using various methods to enhance commercialization of the product in anticancer drug delivery, gene therapy, medical implant & devices, etc.
 

Moreover, rising number of cancer cases in the U.S. will promote the product usage in coming years. For instance, American Cancer Society reported more than 1.7 million new cancer cases in the U.S. in 2018, which has grown by 4.6% from 2015. Such trends will further propel consumption of colloidal selenium nanoparticles market from 2014 to 2026.
 

Another key growth enabling factor is increasing concerns over the food borne diseases across the globe in past few years. Rising disposable income in emerging counties in conjunction with changing eating pattern have created immense amount of opportunities for packaged food products over the past few decades.
 

However, stringent regulations towards food contamination from harmful chemicals that are utilized during the manufacturing of packaging materials may impose challenges for these manufacturers in the coming years. These trends may positively impact the colloidal selenium nanoparticles market development owing to their non-hazardous nature.
 

The colloidal selenium nanoparticles do not adversely affect the environment. However, challenges associated with the high product price coupled with significant amount of rejection rate may slow down colloidal selenium nanoparticles market. Growing efforts from research organizations and manufacturers for development of potential application for the product in food & medical industry might have positive impact on colloidal selenium nanoparticles industry demand in forecast time period.
 

Synthesis of spherical structured products is popular among researchers

Spherical structured colloidal SeNP will dominate the overall market throughout the forecast time period. This is owing to their higher colloidal stability as compared to rod structured products. Spherical grain structure has also showcased improved settling efficiency and dispersion capabilities during experiments conducted by various researchers, which will further propel colloidal selenium nanoparticles market growth over the forecast timeframe.
 

3N-colloidal selenium nanoparticles have promising future ahead

Colloidal Selenium Nanoparticles Market by Purity

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3N-colloidal SeNP will have more than 45% share of global colloidal selenium nanoparticles market throughout the forecast time period. This form possesses 99.9% pure selenium within the colloidal solution. Growing popularity of the product in the end-user industries including, medical, chemical, electronics, agriculture, etc. due to optimum purity level and lower costs than 4N and 5N variants will propel the colloidal selenium nanoparticles industry development over the study period.
 

Colloidal SeNP is gaining significant attention in cancer treatment

Colloidal Selenium Nanoparticles Market by Application

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Medical sector will dominate the global colloidal selenium nanoparticles market over the forecast time period. Rising usage of product as anticancer drug delivery carrier will be key driving force behind this segment’s growth. Further, these products have also gained considerable attention in experimental research area for treating diabetes over the past few years. Such factors are expected to increase the product consumption in medical industry in the upcoming years.
 

Focused R&D activities for the colloidal SeNP will drive sales in Asia Pacific

 Colloidal SeNP Market by Region

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Asia Pacific is expected to have the highest share of the overall industry in the projected timeframe. This is due to growing research & development activities in the field of electronics, chemicals, medical, etc. across the region. Additionally, rising collaboration between industry players and academic institutions for promoting development of nanomaterial based product will provide opportunities to researchers and manufacturers over the forecast time period.
 

Key participants in the colloidal selenium nanoparticles market report includes, American Elements, Nanocs, Inc, MKnano and SkySpring Nanomaterials, Inc. Some of the key strategies adopted by manufacturers include strategic expansion, partnerships and collaboration with universities.
 

For instance, Land & Green Technology has partnered with Taiwanese universities in order to conduct research and development activities in field of agriculture products. Apart from these, many research organizations are working towards development of colloidal selenium nanoparticles to identify their potential usage in other end-user industries, including wastewater treatment, agriculture, photocopiers, etc.
 

The industry is still at a nascent stage with the presence of a limited number of manufacturers and research organizations. However, rising concerns over food safety and increasing number of cancer cases in the U.S. are expected to create the requirement for new players in the colloidal selenium nanoparticles industry.
 

Colloidal selenium nanoparticles market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilogram and revenue in USD thousand from 2014 to 2026, for the following segments

Market by Grain Structure

  • Spherical
  • Rod

Market by Purity

  • 2N
  • 3N
  • 4N
  • 5N

Market by Application

  • Medical
  • Food
  • Electronics
  • Chemical
  • Others (wastewater treatment, agriculture, photocopiers, etc.)

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Nordic Countries
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • Israe

       

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the colloidal SeNP business is expected to hit $479.6 million (USD) by 2026.
Growing R&D projects for potential usage of colloidal selenium in the medical industry, advantages of selenium nanoparticles as a catalyst, increasing consumer spending on packaged foods, and rising health awareness pertaining to food borne diseases are the key factors expected to drive the growth of global market.
Nanoshel, Nanografi Nano Technology, MKnano, Nano Research Elements, SkySpring Nanomaterials, American Elements, Nanocs, Land Green & Technology, Amnium Technologies Private Limited are the top contributors in the industry.
Based on application, the medical segment held highest share in 2018 and is anticipated to remain dominant during the forecast period.

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Premium Report Details

  • Published Date: Jan 2020
  • Pages: 271
  • Tables: 420
  • Charts / Figures: 26
  • Companies covered: 9
  • Countries covered: 18

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