Global Market for Metal & Metal Oxide Nanoparticles to Surge at More Than 10% CAGR

VALLEY COTTAGE, New York, March 23, 2017 /PRNewswire/ --

Frontiers of nanotechnology continue to span across the globe and among diversified industrial verticals. Nanoparticles of various elements are gaining competence as crucial industrial constituents, and are witnessing a considerable rise in their applications. Future Market Insights' recent study explores the market for nanoparticles of metals and metal oxides, and projects that application of such nanoparticles will gain traction duet to their ground-breaking properties.

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According to Future Market Insights,

• High physical, chemical and surface properties of metal and metal oxide nanoparticles will fuel their applicability as effective bulk materials
• Metal and metal oxide nanoparticles will also play an instrumental role in manufacturing of innovative products offered in the global consumer electronics industry
• Versatile applicability of metal and metal oxide nanoparticles will also witness higher adoption for drug makers and medical device manufacturers

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According to the report, titled "Metal & Metal Oxide Nanoparticles Market: Global Industry Analysis and Opportunity Assessment, 2016-2026," the demand for metal nanoparticles is projected to remain significantly higher than that of metal oxide nanoparticles. The global market for metal nanoparticles is presently valued at US$ 13.7 Bn, and will soar at 13.9% CAGR to surpass US$ 50 Bn mark by the end of 2026. During this ten-year forecast period, the US$ 1.8 Bn global market for metal oxide nanoparticle will also surge robustly at 10.4% CAGR, and will procure over US$ 5 Bn revenues towards the end of period. This clearly indicates that by the end of 2026, the global metal nanoparticles market will be worth ten times the projected value for global metal oxide nanoparticles market. Collectively, the global market for metal and metal oxide nanoparticles are bound to soar at more than 10% CAGR throughout the forecast period.