According to “The Insight Partners” latest study on “The global nanocopper oxide market was valued at US$ 75,937.5 million in 2018 and is projected to reach US$ 2, 51,148.8 million by 2027; it is expected to grow at a CAGR of 14.4% during 2019–2027.” Nano copper oxide is defined as a red or brown-black colored nanomaterial which is available in various forms and is used to meet various needs of the diversified application-base.
Nano copper oxide is defined as a red or brown-black colored nanomaterial which is available in various forms and is used to meet out the need of the diversified application-base. These nanoparticles are known to possess several chemical and physical features which include antimicrobial and antibiocide properties, coupled with photovoltaic properties, relatively stability, and superconductivity. These nanomaterials are generally used in small quantity to boost the performance of the end-product and are considered to be cost-efficient advanced solutions. They are, therefore, used to manufacture batteries, semiconductor devices and equipment, gas sensors, microelectronics and other equipment. Through extensive research and development activities, these nanoparticles also find applications in biomedical, agricultural, textile and other relevant industries.
These nanoparticles are known to possess several chemical and physical features which include antimicrobial and antibiocide properties, coupled with photovoltaic properties, relatively stability, and superconductivity. These nanomaterials are generally used in small quantity to boost the performance of the end-product and are considered to be advanced cost-efficient solutions. Thus, these are used to manufacture batteries, semiconductor devices and equipment, gas sensors, microelectronics, and other equipment. Through extensive research and development activities, these nanoparticles also find applications in biomedical, agricultural, textile, and other relevant industries.
Based on end user, the nanocopper oxide market is segmented into electrical & electronics, paints &coatings, catalysts, energy storage, and others. In 2018, the electrical & electronics segment dominated the nanocopper oxide market. The growth of this segment is primarily attributed to several benefits offered by nanocopper oxide in case of electronic products.
Several benefits of nanotechnology are contingent on the fact that it’s potential to tailor the structures of materials at tremendously small scales to achieve exact properties, thus significantly extending the materials science toolkit. Using nanotechnology, materials such as copper can effectively be made lighter, stronger, durable, and conductive to electricity. Many ordinary commercial products are presently used in market relies on nano scale materials.
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Advances in the physical scale and cost of computing power have permitted devices geared at a customer market to carry substantial onboard processing proficiency. Sequentially, low cost has urged mass adoption of handheld and smaller computing products using specialty materials such as nanocopper oxide. Numerous devices that started as box-like, single-purpose devices such as stereos, landline phones, and televisions have evolved into a low-profile, lightweight, and cross-functional products allowing to efforts in formulating nanomaterials
Geographically, the global nanocopper oxide market is segmented into five regions—The North America, Europe, Asia Pacific (APAC), Middle East &Africa (MEA), and South America. North America held the largest share of the global nanocopper oxide market in 2018, followed by Asia Pacific and Europe. The Asia Pacific region homes a few major players such as Hongwu International Group Ltd, and others.
On the basis of end use industry, the nanocopper oxide market is categorized into electrical and electronics, paints and coatings, catalysts, energy storage and others. In 2018, the electrical and electronics segment dominated the market by accounting for significant share of the total market share. The paints and coatings segment is expected to grow at a rapid pace during forecast period. The nanoparticles of copper oxide uniquely possess catalytic, optical, mechanical, and electrical characteristic features which make them ideal materials to be used across electronic and electrical applications. Other than this, they also exhibit photovoltaic and photoconductive properties, which have led to an increase in demand across electrical and electronic applications. With the rapid industrialization and increase in demand for advanced technologies, the demand for nanocopper oxide is expected to rise.
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