Tuesday, 5 April 2016

Gold Nanoparticles Market Trends, Size And Forecasts to 2020

Global gold nanoparticles market size was estimated at USD 1,078.5 million in 2013 and is expected to reach USD 4,999.2 million by 2020. Innovation in the field of nanotechnology, coupled with growing metal nanoparticle demand in various applications including diagnostics and therapeutics in medical industry is anticipated to fuel gold nanoparticles market growth over the forecast period.

Increasing application scope in medical imaging, driven by intrinsic properties such as strong optoacoustic signals, high absorption with less bone & tissue interference, and high scattering ability is likely to provide opportunities for industry participants. These products have been gaining insight in targeted cancer imaging and therapy due to high biocompatibility and selective accumulation in tumor cells. Medical imaging for cancer uses optoacoustic tomography (OAT).

Increasing ink use in high precision mass storage devices such as flash drives, SD & micro SD cards, DLNA devices and other USB drives is expected to drive gold nanoparticle market demand in this segment. Gains in high precision biosensors sales, with enhanced magnetic and biocompatibility, is anticipated to fuel industry demand in this segment over the next few years.

Application Overview:

Medical and dentistry applications accounted for over 50% of global gold nanoparticles market revenue in 2013, and are estimated to witness gains at 23.8% from 2014 to 2020. Growing application scope, in therapeutics, diagnostics and medical imaging has been a critical factor in demand development. Nanotechnology medical products have witnessed over 15% growth since 2010, which is set to continue in the near future.

Gold nanoparticles industry revenue from electronic applications is expected to reach USD 1 billion by 2020. This demand is primarily driven by the manufacturing sector in Asia Pacific, with high R&D spending coupled with positive outlook on nanotech products in compact storage media and photovoltaic.

Other key applications include catalysis, cosmetics, photometry, glass manufacturing etc.

             Europe gold nanoparticles market volume, by application 2012-2020 (Kilos)

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Regional Overview:

North America gold nanoparticles market dominated global consumption, accounting for over 28% of overall volume in 2013. The region has witnessed significant increase in nanotechnology R&D in recent times, with high focus on product innovation and application development.

Asia Pacific gold nanoparticles industry is expected to witness maximum gains, with demand estimated to reach USD 1.73 billion by 2020. Regional demand is expected to be primarily driven by the electronics manufacturing industry, particularly in China, Korea, India and Taiwan. Increasing use of photovoltaics and high precision printing is also expected to play a role in industry evolution.

Europe accounted for 22.5% of the global volume demand in 2013 and is estimated to lose market share to high growth regions such as Asia Pacific and North America.

Competitive Market Share:
The global gold nanoparticles market share is highly competitive, with the industry being capital intensive with low yields. Product innovation and application development along with cost savings are expected to be critical parameters for gaining competitive advantage.

Major companies in the industry include NanoSphere, BBI Solutions, Sigma Aldrich Corporation, Nanostellar, Cytodiagnostics, Johnson Matthey, and Metalor Technologies SA.

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