(MENAFN- iCrowdNewsWire) Nano Metal Oxide Market Global Analysis with Focus on Opportunities, Development Strategy, Future Plans, Competitive Landscape and Trends by Forecast 2027
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iCrowdNewswire Jan 21, 2021 9:00 PM ET
The global Nano Metal Oxide market is forecasted to reach USD 11.35 Billion by 2027, according to a new report by Reports and Data. Increasing advancements in life sciences and extensive research and development in the biomedical field drive market demand. An increase in the consumption of skin and personal care products is expected to result in a surge in market demand.
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Leading Players Profiled in the Report Include:
Hongwu International Group Ltd., Goodfellow Group, Showa Denko K.K., Nanoshell LLC, Nanoe, Baikowski SAS, ABC NANOTECH CO., LTD, SkySpring Nanomaterials Inc., American Elements, and Nanophase Technologies Corporation, among others.
Nano Metal oxide is an unexplored field in material chemistry that is gaining attention due to the possible technological advancements in the field. The product can lead to a considerable improvement in the fields of energy storage and electronic devices, catalysis, information and technology, and medicine. Products manufactured using nanoparticles are gaining significant importance in terms of breakthroughs in research and development and commercialization.
The medical sector is expected to benefit from the complex structures of Nano Metal Oxides. Medical and life science sectors have recently undergone many advancements, such as gas sensors, increased accuracy in medical diagnosis, and drug delivery systems. One of the most important steps in treatment formulations is an accurate diagnosis, which has been improved with the help of Metal Nano Oxides.
The COVID-19 impact:
The COVID-19 pandemic has led to lockdowns in many countries around the world. This has led to temporary shutdowns in many industries. Due to this, many end-use industries of the Nano Metal Oxides market are not operating currently, which has led to reduced demand for the product. Also, many manufacturers involved in the industry are not operating currently, which has led to a decline from the supply side.
A few of the end-use industries for the product, such as medicine and disease diagnosis, are still running operations, due to which the demand has not gone down drastically. It is expected that once the pandemic is over and the industries start operating again, the market demand will rise again. Also, some market players are currently involved in the product's innovations, which will help them capture a larger market share when the situation is normal. This will lead to overall market growth.
Further key findings from the report suggest
Aluminum Oxide is forecasted to grow at a CAGR of 9.3% in the forecast period. It is used for its hardness and strength properties. Aluminum oxide is widely used as an abrasive and a less expensive substitute for industrial diamond. Sandpapers also use aluminum oxide crystals. Due to these factors, the product is forecasted to grow at a rapid pace.
Offline Stores occupied 75.82% of the market share in 2019. This is primarily because not many online stores offer the product. Also, the product is generally physically examined by consumers before purchasing to make sure of its specifications. There is a slow shift occurring towards the online stores.
The optical fiber industry shows promising growth in the forecast period. Optical fibers are used in telecommunication, sensors, and fiber lasers. Sensing coating made from Nano Particles helps in increasing the response time of the sensor and its sensitivity.
The Middle East and Africa are forecasted to grow with a CAGR of 8.7% in the forecast period. This is primarily due to the growing healthcare sector in the region, especially in countries like the UAE and Saudi Arabia. The growing energy sector is also forecasted to drive market growth in the region.
China is the largest consumer of Nano Metal Oxides. This is primarily because of the presence of a large number of end-use industries in the country. Also, the country's booming population leads to increased consumption of the products made by Nano Metal Oxides.
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For the purpose of this report, Reports and Data have segmented into the global Nano Metal Oxide market on the basis of product, application, distribution channel, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Zinc Oxide
- Silicon Dioxide
- Titanium Dioxide
- Iron Oxide
- Aluminum Oxide
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Energy and Environment
- Paints and Coatings
- Medical and Personal Care
- Electronics and Optics
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Offline Stores
- Online Retailers
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Nano Metal Oxide Market Segmentation & Impact Analysis
4.1. Nano Metal Oxide Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
Continued…
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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