Nano Copper Oxide Market Research, 2031
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 reddish nanoparticle that comes in a number of shapes depending on the application. In the market, it is often marketed as a powder or in scattered form. It exhibits different physical and chemical characteristics, Including superconductivity, photovoltaic capabilities, stability, cheap cost, and antibacterial action.
Increase in usage of metal and metal oxide nanoparticles in the electronics and semiconductor sectors is a primary factor driving the copper oxide nanoparticles market. The demand for copper oxide nanoparticles in catalyst applications is predicted to rise due to their exceptional catalytic characteristics. As a result, industries are increasing their manufacturing of copper oxide nanoparticles. In addition, an increase in demand for copper oxide nanoparticles in paints & coatings applications is expected to raise demand for these particles in the near future. Humans have experienced negative effects including nausea and vomiting after ingesting copper oxide powder and lung damage after breathing copper oxide fumes. In most instances, these impacts expose the copper ions released by copper oxide to exceptionally high concentrations of this metal, resulting in an Increase in copper bioavailability. This factor restrains the market for nano copper oxide. However, among the uses are semiconductors, batteries, gas sensors, microelectronics, solar energy converters, and heat transfer fluids. All of these elements open the way for more advanced nano copper oxide research and development, as well as more opportunities to identify new uses for the material.
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. Rapid development and rise in investment in these industries drive market expansion and demand for nano copper oxide.
The nano copper oxide market is segmented on the basis of end-use industry and region. On the basis of end-use industry, the market is categorized into 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 include 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.
The electricals and electronics segment accounted for the largest share i.e., 32.22%. The electricals and electronics segment is the fastest growing segment, growing around 8.9% CAGR during the forecasted period. This is due to increased demand for semiconductors from electricals & electronics industry.
Asia-Pacific contributed the 42.96% market share in 2021 and is projected to grow at CAGR of 8.8% during the forecast period owing to the increased demand from electricals & electronics and energy storage industries. Asia-Pacific has garnered major share in nano copper oxide market.
In the paint & coatings business, nano copper oxide is used in ship antifouling paints. It also inhibits the growth of microbes such as fungus and algae, and theoretically, ships may save up to 40 percent of their fuel. The majority of industry employed this biocide for preventative wood treatments. Developments in the construction industry in Japan and South Korea is surges the demand for paints and coatings and hence boosts the growth of the nano copper oxide market. Copper nanoparticle ink is created using nano copper oxide particles. Its development is a result of the product's increasing use in research and laboratories. There is a rise in demand in electronic sector need for copper oxide nanoparticle ink in Japan and South Korea. This is anticipated to drive the market growth.
IMPACT OF COVID-19 ON THE GLOBAL NANO COPPER OXIDE MARKET
- The COVID-19 pandemic had a negative impact on the economics and industries of various nations as a result of several lockdowns, travel restrictions, and company closures.
- The chemicals and materials industry is one of the principal industries facing significant disruptions, including supply chain restrictions and facility shutdowns. The shutdown of several warehouses and factories in worldwide markets disrupted global supply networks and affected the electrical and paint & coating sectors' revenue.
- Nano copper oxide consumption has also been hindered by a drop in demand from end-use industries. Multiple businesses have already warned of potential delays in product deliveries and a decline in future product sales.
- In contrast, the launch of vaccination campaigns has loosened constraints on manufacturing activity.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nano copper oxide market analysis from 2021 to 2031 to identify the prevailing nano copper oxide market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the nano copper oxide market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global nano copper oxide market trends, key players, market segments, application areas, and market growth strategies.
Nano Copper Oxide Market Report Highlights
| Aspects | Details |
 By End User |
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 By Region |
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 Key Market Players | Nanoshel LLC, PlasmaChem GmbH, Inframat Corporation, NANOCOMPOSIX, INC., SkySpring Nanomaterials, Inc., Nanostructured & Amorphous Materials, Inc., US Research Nanomaterials, Inc., Hongwu International Group Ltd, American Elements, NaBond Technologies Co., Limited |
 Other players in the value chain include | Beijing Nachen S&T Ltd., Nanjing Emperor Nano Material Co., Ltd., Ionic Liquids Technologies GmbH, Nanotechnology, Inc., Quantumsphere, Reade Advanced Materials, Sigma Aldrich, Sisco Research Laboratories Pvt. Ltd., Strem Chemicals, Sun Innovations, Yong-Zhen Technomaterial Co. Ltd. |
Analyst Review
According to the perspective of the CXOs of leading companies, increased investment in research and development, increased nano copper oxide penetration in many end-user sectors, and nano copper oxide's superior physiochemical qualities fuel its demand among diverse end-users. Typically, nano copper oxides are added in minute amounts to enhance the performance of the final product. Nonetheless, concerns such as severe toxicity to human lungs and aquatic life may impede market expansion. Currently, the largest end-user markets for nano copper oxides are electrical & electronics and catalysts. According to CXOs, the demand for nano copper oxide is on the rise in all areas due to its substantial physio-chemical qualities and the opportunities they create for all industry participants.
Increasing demand from electrical and electronics industry owing to increased demand for compact and portable id driving the demand for nano copper oxide.
Leading application of nano copper oxides are in automobile and electronics industry.
The nano copper oxide market is projected to reach $ 84.8 million by 2031, growing at a CAGR of 8.1% from 2022 to 2031.
American Elements, Hongwu International Group Ltd., Inframat Advanced Materials, LLC, Merck KGaA, Nanjing Emperor Nano materials Co., Ltd., Nanoshel LLC are some of the top companies to hold the market share in nano Copper Oxide.
Asia-Pacific is the largest regional market for nano copper oxide market owing to increased demand from automotive and electronics industry.
The nano copper oxide market is segmented on the basis of end-use industry. On the basis of end-use industry, the market is categorized into electricals & electronics, energy storage, paints & coatings, catalysts and others.
The COVID-19 outbreak has severely affected several industries such as automobile and electrical manufacturing activities owing to temporary shutdown of manufacturing plants, leading to a drop in sales and disturbance in the supply–demand chain. This disruption in sales has affected the demand and consumption of products, leading to a substantial decline in market growth.
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