Gold Nanoparticles Market Overview, Service And Size to 2020

Global Gold Nanoparticles Market is expected to reach USD 4.86 billion by 2020, according to a new study by Grand View Research, Inc. Medical & dentistry was the largest end-use segment for the gold nanoparticles and accounted for over 50% of total demand in 2013.

Growing metal nanomaterials use in medical diagnostics & imaging especially for drug delivery systems in cancer & tumor cell detection is expected to drive gold nanoparticles demand over the forecast period. North America dominated the global gold nanoparticles market accounting for over 30% of global volume in 2013.

Increasing R&D spending by individual nanotechnology companies and universities along with expanding medical diagnostics industry is expected to be the major factors driving gold nanoparticles demand in the region. Asia Pacific is estimated to witness the fastest growth at a CAGR of over 25% from 2014 to 2020.

Growth of nanomaterials industry in countries including China, Taiwan, South Korea and Japan along with emergence of these regions as electronic manufacturing hubs is expected to fuel market growth over the next six years.

Further key findings from the study suggest:

• In terms of volume, global gold nanoparticles market was estimated at over 3 tons in 2013, however, growth of several end-use industries and development of niche applications such as glass tinting and fruit & vegetable protection is anticipated to fuel future demand.

• Europe gold nanoparticles market accounted for over 20% of global revenue and is estimated to witness stable demand over the next few years owing to financial instability in the region.

• Electronic industry is estimated to witness the fastest growth at a CAGR of over 20% from 2014 to 2020. High demand for electronic biosensors and compact storage devices which requires gold nanoparticles inks and nanowires is estimated to drive market growth.

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• Companies such as nanoComposix have developed proprietary technology for biosynthesis of nanoparticles. Others nanobiotechnology companies are expected to follow similar trends in order to develop innovative and ecofriendly methods for manufacturing gold nanoparticles.

• Global gold nanoparticles market is moderately fragmented with small regional and global manufacturers. Companies are continuously involved in R&D and are focusing towards developing application specific finished products. Major companies operating in global market include BBI Solutions, Nanosphere, Nanostellar Inc., Cytodiagnostics and Sigma-Aldrich.

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.