Gold Nanoparticles Market size was over USD 1.3 billion in 2014 and may expect consumption at over 25% up to 2022.
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Increasing product demand from wide range of application industries such as healthcare, photometry, and cosmetics, pertaining to growing per capita income may trigger stimulate gold nanoparticles market growth. Gold nanoparticles are extensively used in electronic products such as electronic chips, printable inks and transistors. These products are witnessing growing adoption in chip design owing to rising trend of miniaturization of electronics. European market for consumer electronics was over USD 111 billion in 2018 owing to rising demand for high performance consumer electronics on account of changing perceptions towards latest technological advances may encourage product demand.
Global gold nano particles consumption is projected to reach over 20,000 kilo grams by 2022. These particles find extensive usage as catalysts in redox reactions, carbon-carbon coupling, organic reactions and shows significant activity at ambient temperature thereby improving reaction selectivity. They show improved activity when used as a mixed precious metal catalyst. These products can be used either in colloidal or powdered solid form which may stimulate market share.
|Market Size in 2014:||1.3 Billion (USD)|
|Forecast Period:||2015 to 2022|
|2022 Value Projection:||8 Billion (USD)|
|Historical Data for:||2012 to 2014|
|No. of Pages:||90|
|Tables, Charts & Figures:||64|
|Segments covered:||Application and Region|
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Global gold nanoparticles market demand was valued at over USD 1.3 billion in 2014. Increasing prevalence of various disorders such as Parkinson’s, Alzheimer’s, cardiovascular diseases, neuropathy, and osteoporosis is changing consumer perceptions towards alternate and exotic medicinal products. These particles improve wound healing mechanism by exhibiting antioxidative effects and promote the spread of dermal fibroblasts, which restores epidermal tissues. In addition, these products retain beta-amyloid fibrils which prevents mental decline and contribute to Alzheimer’s treatment which may encourage product demand.
Rising concerns of cell toxicity, mutagenicity or genotoxic effects of gold nanoparticle usage on humans may hamper market growth. These nanoparticles have been associated with toxicological effects such as apoptotic cell death and embryo growth inhibition on account of their high surface-to-volume ratio which increases their catalytic properties. Manufacturers are trying to overcome this by developing novel extraction methods to reduce the impact of side effects. Also, companies are trying to clamp down the effect of capping agents by developing new refining and purification techniques which may have positive impact on market growth.
Medical application was valued at over USD 690 million in 2014. Rising technological advancements in the field of nanotechnology has led to the production various gold particles to be used as photothermal sensitizing agents and radiosensitizers. Functionalized nanoparticles find use in ionizing and non-ionizing radiations to improve the effectiveness of cancer therapy without affecting healthy tissues. These particles are widely adopted for its use in antimicrobial products, photodynamic therapy, catalysts, nanowires, and biomarker detection in cancer and heart disease diagnosis which may accelerate market share.
Gold nanoparticles market share from electronics application was valued at over USD 280 million in 2014. Increasing consumer inclination for compact and thin electronics may trigger the demand for nano particles in manufacturing high quality resolution screens. Global inclination towards compact electronic devices with high processing power such as electronic watches, mobiles, and tablets has encouraged demand for these nanoparticles. Nanowires and inks produced by using these nanoparticles seek application in the assembly of electronic biosensors which may augment market growth.
North America, driven by U.S. and Canada gold nanoparticles market share register significant growth over 20% up to 2022. Increasing consumption of alcoholic drinks and sugar concentrated confectionary items such as chocolates, croissants, and candy may trigger market share as gold nanoparticles are widely used in dentistry procedures such as tooth filling and crowning. Rising consumer awareness in potential benefits of gold in medical applications owing to increasing prevalence of autoimmune diseases, allergies, cancer, and arthritis, may encourage product demand.
Europe driven by Germany, UK, and France gold nanoparticles demand may surpass USD 1.3 billion by 2022. Increasing demand for fast and compact storage devices and increasing use of nanotechnology in photovoltaic cells may trigger market share. Changing consumer perceptions and stringent regulations on the efficacy of medical electronics may foster product demand. Increasing consumer awareness of potential benefits of gold nanoparticles in improving energy efficiency in electronics and rising demand for high quality gadgets with enhanced processing and graphical qualities may boost product demand.
Asia Pacific led by India, Japan, and China gold nanoparticles market was valued at over USD 395 million in 2014 and may witness highest growth in the foreseeable timeframe. Rising chemical industry and stringent regulations for environment sustainability may trigger market share. The availability of skilled labour, low labour costs, and convenient trade access to Europe and the Americas and should boost Asia Pacific chemical industry growth thereby stimulating regional gold nanoparticles demand.
Gold nanoparticles market share is consolidated with major industry players such as Sigma Aldrich, Nano Labs, Cytodiagnostics, Goldsol, BBI solutions, NanoHybrids, Nanopartz, Particle Works, American Elements, and Tanaka Holdings. Manufacturers are engaged in rapid diversification of product portfolio by investing in manufacturing, extraction, and purification techniques.
Nanoparticles of diameter around 1 to 100nm are used in various applications such as electronics, photodynamic therapy, therapeutic agent delivery, sensors, probes, and catalysis. Gold nanoparticles are majorly manufactured by the reduction of gold chloride, also known as hydrogen tetrachloroaurate in the presence of a reducing agent such as citric acid. The major raw material required for manufacturing these products is hydrogen tetrachlorocuprate. Manufacturers are trying to develop new methods of synthesis and trying new manufacturing techniques to make the end product more suitable for medical applications.