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 red colored nanoparticle, available as powder or dispersions on the market. Some of the characteristics of the material include its intriguing optical, catalytic, mechanical, and electrical capabilities. It is largely incorporated in catalysts and electrical & electronics use. Some of the other end-users of nano copper oxide are coatings, sensors, lubricants, energy storage & conversion, and academics & research. It also has anti-microbial capabilities and is chosen over other antimicrobial nanoparticles such as nano zinc oxide & nano silver due to cheaper price.
The nano copper oxide market is now in its development phase, as it is employed in a variety of sectors and several studies are underway to identify its next end-user. During the projected period, the global nano copper market is anticipated to expand significantly, with Asia-Pacific being the fastest-growing region. North America is now the largest market for nano copper oxide. Demand for energy storage devices and developments in electronic equipment are the key drivers for the market growth. However, the nanomaterial's toxicity to humans and aquatic life may limit its commercial expansion. Continuous government-supported R&D and rise in the number of end users are anticipated to create substantial opportunities for industry players across the value chain.
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, among others. Rapid development and rising investment in these industries are driving market expansion and demand for nano copper oxide.
The nano copper oxide market is segmented on the end-use industry and region. On the basis of end-use industry, the market is categorized 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 are 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.
Nano copper oxide is a brownish-black or red colored nanoparticle, available as powder or dispersions on the market. Some of the characteristics of the material include its intriguing optical, catalytic, mechanical, and electrical capabilities. It is largely incorporated in catalysts and electrical & electronics use. Some of the other end-users of nano copper oxide are coatings, sensors, lubricants, energy storage & conversion, and academics & research. It also has anti-microbial capabilities and is chosen over other antimicrobial nanoparticles such as nano zinc oxide & nano silver due to cheaper price.
The nano copper oxide market is now in its development phase, as it is employed in a variety of sectors and several studies are underway to identify its next end-user. During the projected period, the global nano copper market is anticipated to expand significantly, with Asia-Pacific being the fastest-growing region. North America is now the largest market for nano copper oxide. Demand for energy storage devices and developments in electronic equipment are the key drivers for the market growth. However, the nanomaterial's toxicity to humans and aquatic life may limit its commercial expansion. Continuous government-supported R&D and rise in the number of end users are anticipated to create substantial opportunities for industry players across the value chain.
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, among others. Rapid development and rising investment in these industries are driving market expansion and demand for nano copper oxide.
The nano copper oxide market is segmented on the end-use industry and region. On the basis of end-use industry, the market is categorized 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 are 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.
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.
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 Market Segments
By End User
- Energy Storage
- Paints Coatings
- Catalysts
- Others
- Electricals and Electronics
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- American Elements
- Inframat Corporation
- Hongwu International Group Ltd
- NaBond Technologies Co., Limited
- NANOCOMPOSIX, INC.
- Nanoshel LLC
- Nanostructured & Amorphous Materials, Inc.
- PlasmaChem GmbH
- SkySpring Nanomaterials, Inc.
- US Research Nanomaterials, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NANO COPPER OXIDE MARKET, BY END USER
CHAPTER 5: NANO COPPER OXIDE MARKET, BY REGION
CHAPTER 6: COMPANY LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Nano Copper Oxide Market," the nano copper oxide market was valued at $39.09 million in 2021, and is estimated to reach $84.81 million by 2031, growing at a CAGR of 8.1% from 2022 to 2031.Increased popularity of nano copper oxide in electrical & electronics, paints & coatings, semiconductors, coatings, energy storage, catalysts, and other industries has led to a significant increase in demand. Using strategic partnerships and collaborations, all market participants make substantial investments to discover new commercial markets for their product divisions. Increase in demand for electronic devices and antimicrobial coatings, as well as a decline in nano copper oxide pricing, are among the primary drivers driving the demand for nano copper oxide. Nevertheless, 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. Copper, on the other hand, is a trace element necessary for the regular functioning of several tissues, including the immune system, neurological system, heart, skin, and capillary development. Copper is accepted and processed extraordinarily effectively by humans. However, this is not the case for all species, since some are more sensitive to copper poisoning. All these factors are anticipated to restrain the market growth throughout the forecast period. The government assists companies and laboratories by giving funding and subsidies. Nano copper oxide is the nanomaterial with the best catalytic, optical, mechanical, and electrical capabilities. Nano copper oxide also possesses photoconductivity and photovoltaic uses due to the tiny bandgap. Applications include semiconductors, batteries, gas sensors, microelectronics, solar energy converters, and heat transfer fluids. All these elements open the way for advanced nano copper oxide R&D, as well as more opportunities to identify new uses for the material.
In 2021, electrical & electronics was the largest end-user segment in terms of revenue with almost half of the share followed by energy storage and others. In electrical & electronics end-user, nano copper oxide is mainly used in conductive coatings. Extraordinary physio-chemical properties of nano copper oxide have increased their demand in wide array of end-user as it results in improved performance of end-products.
The nano copper oxide market is segmented on the end-use industry and region. On the basis of end-use industry, the market is categorized 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.
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.
Major players operating in the global Nano copper oxide market are 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.
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 Findings of the Study
- By end-use industry, the electricals & electronics segment is expected to grow at a CAGR of 8.9%, in terms of revenue, during the forecast period owing to increased demand for electrical & electronics product especially from Asia-Pacific region.
- By region, Asia-Pacific garnered a share of 43.05% in 2021 in terms of revenue and is projected to grow at a CAGR 8.8% owing to increased demand from paints & coatings and electrical & electronics industry.
Companies Mentioned
- American Elements
- Inframat Corporation
- Hongwu International Group Ltd
- Nabond Technologies Co. Limited
- Nanocomposix, Inc.
- Nanoshel LLC
- Nanostructured & Amorphous Materials, Inc.
- Plasmachem GmbH
- Skyspring Nanomaterials, Inc.
- Us Research Nanomaterials, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 204 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 39.09 million |
| Forecasted Market Value ( USD | $ 84.81 million |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
