The Global metal oxide nanoparticles market is likely to expand at a rapid pace during the forecast period, owing to growing demand from key end-use sectors such as adhesives & sealants, automotive, energy, electrical & optoelectronics, aerospace, and packaging. Over the projected period, strong growth in these end-use industries is expected to drive the metal oxide nanoparticles market. Due to the electrical, mechanical, optical, and catalytic capabilities of metal oxide nanoparticles, they find widespread application in high-tech sectors. Additionally, expanding the application scope of metal oxide nanoparticles in the electronics and optoelectronics industries is predicted to boost market growth over the next seven years.
Global demand for the Metal & Metal Oxide Nanoparticles market was valued at approximately USD 22.83 Billion in 2019 and is expected to generate revenue of around USD 55.75 Billion by end of 2026, growing at a CAGR of around 13.6% between 2020 and 2026.
The metal oxide nanoparticles market is expected to be driven by increased research and development activities to boost product applications, as well as rapid growth in nanotechnology. Recent advancements in technology support metal oxide nanoparticle applications in pharmaceuticals, cosmetics, and medical & life sciences, which are expected to drive market demand over the forecast period.
Aluminum, bismuth, cerium, iron, magnesium, silicon, titanium, zinc, zirconium, nickel, antimony tin, copper and manganese, and indium tin are the numerous metal oxides used in the market. Zinc oxide nanoparticles market has been growing at a rapid pace due to its rising use in sunscreen lotions and cosmetics due to its superior UV protection capabilities. Additionally, zinc oxide nanoparticles are employed in textiles, electronics, paints, and coatings due to their antibacterial, antifungal, corrosion-resistant, and catalytic capabilities. Magnesium oxide nanoparticles market is predicted to expand at a rapid pace over the next seven years, owing to growing demand from furnace linings, construction and ceramics, medicines, and food additives. Additionally, the titanium oxide nanoparticles market is expected to expand significantly in the next years, owing to its growing uses in the medical & pharmaceuticals and cosmetics industries.
Electronics & optoelectronics, automotive, adhesives & sealants, aerospace, construction, medical, food & beverages, and packaging are some of the end-use sectors for metal oxide nanoparticles. Additionally, these particles are used in the manufacturing of athletic goods, agriculture, catalysts, sensors, and textiles. The electronics and optoelectronics sectors make extensive use of these nanoparticles due to their electrical, optical, and mechanical capabilities. Metal oxide nanoparticles are expected to have rapid expansion in the medical industry due to their expanding use as antimicrobial and antifungal agents. Automobiles, construction, aircraft, and packaging are all predicted to rise rapidly in the coming years, owing to significant backing from growing economies such as India, China, and Brazil. This is expected to drive the metal oxide nanoparticles market during the forecast period.
North America was the largest market for metal oxide nanoparticles, owing to significant venture capital investment in research and development operations to expand the applications of nanoparticles. Demand from end-use sectors such as automotive and pharmaceutical is expected to drive the region’s market growth. Asia Pacific and Europe’s markets are expected to expand significantly over the next seven years, owing to growing demand in the electronics, automotive, and aerospace industries. American Elements, Eprui Nanoparticles & Microspheres Co. Ltd., NanoScale Corporation, Reinste Nanoventures, Altair Nanomaterials, US Research Nanomaterials Inc., Sigma Aldrich, and Access Business Group are key competitors in the metal oxide nanoparticles market.
Abstract For Metal & Metal Oxide Nanoparticles
Metal oxide nanoparticles (MO-NPs) and their solar cell applications are a globally fascinating subject that encompasses a broad range of advanced research and developing technologies. The relevance of MO-NPs as an electron transport layer (ETL) in dye-sensitized solar cells is discussed in this chapter (DSSCs). The first section of this chapter provides an overview of DSSC technology and its operation. The second section discusses potential metal oxide–based ETL materials and current methods for enhancing device performance using molecular engineering approaches. The final section discusses in depth the extremely promising titanium dioxide (TiO2)-based ETL and its ability to be adjusted, emphasising the critical role of TiO2 in the state of the art of DSSCs.
Metal oxide nanoparticles have garnered considerable attention in electroanalysis for biomolecule identification. Significant advantages of metal oxide nanoparticles include the following:
(i)structural modifications that permit modification of lattice symmetry and cell parameters
(ii) a modification of electrochemical properties as a result of the quantum confinement effect
(iii) modification of the surface characteristics results in a significant rise in the band gap, which has an effect on the conductivity and chemical activity of the nanoparticles.
Another critical trait is their biocompatibility with enzymes used for selective detection of biomolecules.
- Numerous metal oxide nanoparticles, including NiO, ZnO, MnO2, Fe2O3, TiO2, and Co3O4, have been investigated for electrochemical detection of biomolecules. Additionally, mixed metal oxides have garnered considerable interest in this context.
- Graphene is a single atomic layer of graphite that contains a single sp2-hybridized carbon atom. It is a semiconductor with a zero band gap that has a two-dimensional (2D) layered structure with increased surface area. Graphene is frequently described as a semi-metal.
- Due to graphene’s excellent electrical, thermal, optical, and mechanical properties, it is an excellent material for electroanalytical applications.
- Graphene’s specific area is nearly double that of carbon nanotubes (2630 m2/g) (CNTs).
Worldwide, researchers have discovered the potential of graphene in its various forms, including chemically reduced graphene oxide (GO), electrochemically reduced graphene oxide (ERGO), chemical vapour deposition (CVD)-grown graphene, and functionalized graphene. Each form exhibits distinct electrochemical properties depending on the presence of functional groups or the degree of reduction.
The key to graphene’s effective utilisation is its ability to combine with other nanomaterials to create composites with the appropriate electrochemical characteristics. Metal oxide deposition onto graphene sheets (MO/Gr) exhibits a high electrochemical activity, which contributes to the improvement of sensitivity and selectivity.
Due to the synergistic impact of metal oxides and graphene, it is an ideal transducer for biomolecule detection.
Electrochemical biosensors can be broadly classified as enzymatic or nonenzymatic. In the first category, an enzyme is immobilised on the electrode surface. For instance, cholesterol is identified via cholesterol oxidase, which generates H2O2, which is amperometrically measured.
The current generated by hydrogen peroxide reduction is related to the amount of cholesterol present. In the case of nonenzymatic sensors, the biomolecule is oxidised or reduced directly on the nanomaterial-modified electrode or in the presence of mediators. In this context, the MO/Gr composite material is an excellent candidate due to its biocompatibility and high electrochemical activity.
Metal oxide nanoparticles serve as an active site, enhancing specificity and sensitivity, while graphene’s high conductivity enables rapid electron transport.