Gold Nanoparticles Market Analysis

Gold Nanoparticles Market Analysis

Medical application was valued at over USD 690 million in 2014. Rising technological advancements in the field of nanotechnology has led to the production various gold particles to be used as photothermal sensitizing agents and radiosensitizers. Functionalized nanoparticles find use in ionizing and non-ionizing radiations to improve the effectiveness of cancer therapy without affecting healthy tissues. These particles are widely adopted for its use in antimicrobial products, photodynamic therapy, catalysts, nanowires, and biomarker detection in cancer and heart disease diagnosis which may accelerate market share.
 

Gold nanoparticles market share from electronics application was valued at over USD 280 million in 2014. Increasing consumer inclination for compact and thin electronics may trigger the demand for nano particles in manufacturing high quality resolution screens. Global inclination towards compact electronic devices with high processing power such as electronic watches, mobiles, and tablets has encouraged demand for these nanoparticles. Nanowires and inks produced by using these nanoparticles seek application in the assembly of electronic biosensors which may augment market growth.
 

North America, driven by U.S. and Canada gold nanoparticles market share register significant growth over 20% up to 2022. Increasing consumption of alcoholic drinks and sugar concentrated confectionary items such as chocolates, croissants, and candy may trigger market share as gold nanoparticles are widely used in dentistry procedures such as tooth filling and crowning. Rising consumer awareness in potential benefits of gold in medical applications owing to increasing prevalence of autoimmune diseases, allergies, cancer, and arthritis, may encourage product demand.
 

Europe driven by Germany, UK, and France gold nanoparticles demand may surpass USD 1.3 billion by 2022. Increasing demand for fast and compact storage devices and increasing use of nanotechnology in photovoltaic cells may trigger market share. Changing consumer perceptions and stringent regulations on the efficacy of medical electronics may foster product demand. Increasing consumer awareness of potential benefits of gold nanoparticles in improving energy efficiency in electronics and rising demand for high quality gadgets with enhanced processing and graphical qualities may boost product demand.
 

Asia Pacific led by India, Japan, and China gold nanoparticles market was valued at over USD 395 million in 2014 and may witness highest growth in the foreseeable timeframe. Rising chemical industry and stringent regulations for environment sustainability may trigger market share. The availability of skilled labour, low labour costs, and convenient trade access to Europe and the Americas and should boost Asia Pacific chemical industry growth thereby stimulating regional gold nanoparticles demand.