Market Introduction
Nanocopper oxide is a red or brown to black nanomaterial available in various forms and is used to meet the needs of the diversified user base. These nanoparticles possess several chemical and physical attributes including antimicrobial and antibiocide properties, photovoltaic properties, relatively stability, and superconductivity. They are generally used in small quantities to boost the performance of the endproduct; they are also considered to be cost-efficient advanced solutions. The nanonparticles are, therefore, used to manufacture batteries, semiconductor devices and equipment, gas sensors, microelectronics, and other equipment. Extensive research and development activities in the field of nanotechnology have paved the way for the application of these nanoparticles in biomedical, agricultural, textile, and other relevant industries.
Market Overview and Dynamics
The Asia-Pacificnanocopper oxide market was valued at US$ 19,123.9thousand in 2018 and is projected to reach US$ 67,559.0thousand by 2027; it is expected to grow at a CAGR of 15.2% during 2019–2027.Factors driving the market growth include increasing demand for nanocopper oxidein the production of electronic equipment, and increasing use of metal oxide nanoparticles in paints and coatings. However, the high level of toxicity associated with nanocopper oxide restrains the market growth.
Key Market Segments
The Asia-Pacific nanocopper oxidemarket, based on enduser, is segmentedelectrical and electronics, paints and coatings, catalysts, energy storage, and others. In 2018, the electricals and electronics segment accounted for the largest share of the market; the market for the paints and coatings segment is expected to grow at the highest CAGR during the forecast period.Advances in the physical scale and cost of computing power have offered devices geared at a customer market to carry substantial onboard processing proficiency. Similarly, low cost has urged mass adoption of handheld and smaller computing products using specialty materials such as nanocopper oxide.Moreover, nanocopper oxide materials have enabled the possibility of making devices that are flexible, transparent, lightweight,and low cost.
Impact of COVID-19
The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemicals & materials is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The US, Italy, and China are the hub of manufacturing and are among the most significant raw material suppliers for various industries in other countries. The overall market breakdown due to COVID-19 is also affecting the growth of the nanocopper oxide market due to shutting down of factories, obstacle in supply chain, and downturn of the global economy.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the Asia-Pacific nanocopper oxide market areAmerican Elements; nanoComposix; Nanoshel LLC; PlasmaChem GmbH; SkySpringNanomaterials Inc.; Strem Chemicals Inc.; and US Research Nanomaterials, Inc.
Reasons to Buy Report
ASIA-PACIFICNANOCOPPER OXIDEMARKET SEGMENTATION
By EndUser
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 19,123.9 thousand |
| Market Size by 2027 | US$ 67,559.0 thousand |
| CAGR (2019 - 2027) | 15.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By End User
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia-Pacific Nanocopper Oxide Market is valued at US$ 19,123.9 thousand in 2018, it is projected to reach US$ 67,559.0 thousand by 2027.
As per our report Asia-Pacific Nanocopper Oxide Market, the market size is valued at US$ 19,123.9 thousand in 2018, projecting it to reach US$ 67,559.0 thousand by 2027. This translates to a CAGR of approximately 15.2% during the forecast period.
The Asia-Pacific Nanocopper Oxide Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Nanocopper Oxide Market report:
The Asia-Pacific Nanocopper Oxide Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific Nanocopper Oxide Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific Nanocopper Oxide Market value chain can benefit from the information contained in a comprehensive market report.
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