Industry Insights
Gold nanoparticles reflect different colors when exposed to light.
Gold nanoparticles properties can be changed by altering their
structure, shape and size. These advantages have been driving the global
nanoparticles market in major end-use industries including electronics,
sensory probes, therapeutic agents and medical applications. Gold
nanoparticles are available at nano scale size ranging from 5nm to
100nm.
Gold nanoparticles market has been witnessing strong growth over the
last few years on account of increasing demand from medical and
dentistry sector and trend is expected to continue over the forecast
period. Growing application scope of nanotechnology in medical sector
especially in diagnostics and imaging application is the key factor
expected to drive the market over the next six years.
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Gold nanoparticles are used in detection of tumor cells and cancer
drug delivery. These advantageous factors are expected to boost
nanoparticles demand over the forecast period. Gold nanoparticles are
also used in electronic industry. Gold nanoparticles market is expected
to witness significant growth owing to the increasing consumer focus
towards compact electrical devices.
Technological advancement in electronic industry is anticipated to
open new opportunities for gold nanoparticles market over the projected
period. Gold nanoparticles have ability to convert light energy into
heat energy. This property of gold nanoparticles is expected to drive
the market growth on account of increasing usage in photovoltaic
applications including solar panels.
Demand for solar panels has been increasing over the last few years
and in turn is expected to drive gold nanoparticles market in near
future. Increasing R&D activities in nanotechnology is likely to
create an opportunity for the market participants over the foreseeable
period. However, increasing environmental concerns regarding use of
nanoparticles coupled with the adverse effect on human health is
expected to hamper the market over the forecast period.
Application Insights
Medical sector was the largest application segment for gold
nanoparticles market over the last few years. Increasing nano technology
demand in diagnostics and photo imaging in medical sector is the key
factor likely to drive the market growth in near future. Increasing
R&D activities is anticipated to open new opportunities for gold
nanoparticles market to enter pharmaceutical and healthcare industry
over the forecast period.
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Gold particles are used as a conductor in electronic industry to
attached small conductors and resistors in chip design. Electronic
industry has been the second largest and fastest growing application
segment of gold nanoparticles over the last few years. Advancement in
nanotechnology in electronic industry is the key factor expected to
drive the market growth over the next six years.
Furthermore, increasing consumer preference towards compact devices
like CDs, DVDs and flash card is also expected to surge market growth
over the projected period. Gold nano particles are also used in
catalysis process to enhance the chemical reaction rate in many chemical
industries. Gold nanoparticles find wide range of application in
photodynamic therapy, therapeutic agent delivery, sensors and probes,
which is expected to complement the market growth over the forecast
period.
Regional Insights
North America was the dominating regional market over the recent
past, and the trend is expected to continue over the forecast period.
North America gold nanoparticles market is likely to experience boost
over the next six years owing to growing demand for diagnostics industry
coupled with technological advancement in medical sector in this
region. Asia Pacific is the second largest market for gold nanoparticles
on account of significant electronic industry demand in this region.
Moreover, major end-use industries in India and china are on boom, which
is likely to fuel the market growth over the next six years. Europe has
been witnessing sluggish growth over the last few years on account of
market saturation in this region.
Competitive Insights
Gold nanoparticles market is highly competitive in nature.
Competitive advantage is gained through innovative products and
technological advancement. Increasing R&D activities is expected to
create an opportunity for the gold nanoparticles market. Key players in
the market include Solaris Nanosciences Corporation, Innova Biosciences,
Sigma Aldrich Corporation, Nanosphere and Nanostellar Inc.
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