Copper Oxide Nanomaterials Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2058
Copper Oxide Nanomaterials Market size is set to experience considerable growth owing to increasing applications of metal and metal oxide nanoparticles, such as electrochemical & biosensors over the forecast period. The properties of nanoparticles differ from bulk materials having same composition and can easily be altered by changing chemical environment, particle size and shape. These factors are expected to boost the copper oxide nanomaterials market size.
These are Cu based particle and have size range from 1 to 100 nanometres, that can be formed through natural processes as well as chemical synthesis. Increasing application scope in colour ceramics and glasses will propel copper oxide nanomaterials market. At present, these are of two types namely, uncoated nano CuO and coated nano CuO. In the modern times, product synthesis can be done by reaction of copper chloride and sodium citrate at room temperature in aqueous solution of sodium formaldehyde sulfoxylate. This process produces pure nanoparticles and their sizes and shape can also be controlled as per the requirement.
Nanoparticles can also be synthesized through radical reaction between Cu hydrazine and carboxylate salt with heat or ultrasound. The characteristics of CuO nanoparticles differ from commercial one and display anti-fungal, anti-bacterial and catalytic behaviour that are unique. These particles possess high porosity and small size which results in increase of reaction yield and reducing the reaction time. In order to reduce environmental impact, green chemistry can be utilized to synthesize the nanoparticles.
The factors that affect copper oxide nanomaterials market are technology progress, substitute threat, customer preferences, and risks. Nanoparticles are toxic in nature and releases from end use industries are majorly responsible for polluting the water, thus posing threat to aquatic lives. The continuous reinforcement of customer base has led to intensified pressure on the price for manufacturers of the metals and may create challenges for the copper oxide nanomaterials market growth.
Electrochemical sensors and biosensors production requires redox reaction, that is irreversible and requires high energy to run. But application of copper oxide nanomaterial reduces the requirement of high energy and makes the redox reaction reversible. These also help sensors in being more stable at varying pH and elevated temperature, thus increasing resistance towards toxic chemicals.
As per the application, the copper oxide nanomaterials market is segmented as electrical & electronics, paints & coatings, catalysts, energy storage and others. Copper oxide nanoparticles market will benefit product is added with textiles, plastics and coatings, acts as anti-fungal, anti-biotic, anti-microbial and can be used for EMI shielding, providing strength to metal and alloys.
These find their application in heat sinks and to improve thermal conductivity of the materials. They are efficient catalyst for synthesis of methanol and glycol and can be used in other chemical reactions. Noble metals are quite expensive and can be substituted with conductive inks and pastes that contain copper oxide nanoparticles. It can also be used as a nanometal lubricant additive.
Asia-Pacific has significant share with extensive application in conductive inks in copper oxide nanomaterials market. China and Japan will account for a major share in electrical & electronics market owing to the increasing government funding & support and advancement in technology.
North America, led by the U.S. will account for moderate share in overall nanoparticles market. In 2017, the federal budget has allocated funds to National Nanotechnology Institute, a U.S. Government Research & Development initiative, which has boosted the market size. Europe has decent share in copper oxide nanoparticles market, surge in production of nanoparticles has led to the fall in the prices in this region.
The key players of in the copper oxide nanomaterials market are Hongwu International, NaBond Technologies, Du Pont, Taiyo Ink, Nova Centrix, Placma Chem, Nanocomposix, and Sky Spring Nanoparticles. Du Pont is determined to increase its market capture through renewable, bio-engineered materials and integrated science. The copper oxide nanomaterials market is expected to witness collaboration between manufacturers and end users.
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