Gold Nanoparticles Market is projected to reach US$ 8,000 Mn by 2026 - TMR

ALBANY, New York, April 02, 2018 -- According to the report, the global market for gold nanoparticles will exhibit a spectacular CAGR between the period of forecast 2017 and 2026. Revenues procured from gold nanoparticles market sales in various end-use industries and applications worldwide are foreseen to exceed US$ 8,000 Mn by 2026-end.

Medical Diagnostics Remains a Key Demand Driver of Gold Nanoparticles

A colloidal suspension of the nanometer-sized gold particles in water or other liquid, gold nanoparticles are sought-after in medical diagnostics & optics. These particles seek extensive adoption in the diagnosis & treatment of tumors and cancers, which in turn has led toward the development of specific gold nanoparticles for use in drug delivery systems. The nanotechnology industry has perceived a rise in intellectual property filings at a global scale, with regard to cancer targeting nanowires and nanoparticles. These seek robust utilization in diagnosis of infectious ailments, and cardiac disorders.

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The electronics sector also accounts for a huge demand for gold nanoparticles, driven primarily by mounting adoption of compact mass storage devices that include flash cards, micro SD, DLNA devices, and USB drives. Lower crystal molecule growth and enhanced stability offered by gold nanoparticles have led them to replace other metal nanoparticles including platinum and silver in electronic products.

Plant Biotechnology Research to Create Demand for Gold Nanoparticles

Gold nanoparticles are currently being used for enhancing plastids in the plant biotechnology research, which in turn will create ample opportunities for the market in the years to come. Inoculation the DNA-coated gold nanoparticles with fuel cells, colorimetric sensors, plant cells and nano-wires is a key requirement in these research activities.

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Strict guidelines and standards implemented by the international agencies such as Nanomaterials Registry, National Institute of Standards and Technology (NIST), and International Organization for Standardization (ISO), apropos to manufacturing, sales and handling of gold nanoparticles are likely to hinder growth of the market to a certain extent. Additionally, soaring instances of toxicity associated with gold nanoparticles, and their impact on environment and human health will further expose the industry to stricter regulations as well as revision of standards.

Key Research Findings from the Report

• Catalysis and Imaging are set to endure as most remunerative applications of gold nanoparticles, with revenues collectively projected to hold over 30% market share during 2017 to 2026. Revenues from application of gold nanoparticles in targeted drug delivery and probes will latch onto nearly equal market shares by 2026-end.
• In terms of revenues, healthcare will continue to be the largest end-user of gold nanoparticles, trailed by chemicals. Electronics segment will also account for a significant market revenue share during the period of forecast.
• Asia-Pacific excluding Japan is expected to remain dominant in the global market for gold nanoparticles, in terms of revenues. Although North America will account for a comparatively larger market revenue share than Europe, gold nanoparticles sales in Europe will register a relatively faster expansion over the forecast period.

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Global leading vendors of gold nanoparticles compete on the basis of creative developments, product quality & pricing, and distribution network. A recently compiled report of Transparency Market Research foretells that the global gold nanoparticles market is likely to front onto consolidation among vendors and an influx of private labels in the upcoming years.

Frequent patent filings in light of robust R&D investments have determined penetration of gold nanoparticles across various end-use industries. For instance, biological barcode assay using gold nanoparticles has emerged as a robust analytical tool to detect both nucleic acid and protein in zepto molar concentrations. However, the highly cost-exhaustive market for gold nanoparticles is linked with modest yield for a certain application range. Key players tracked and profiled in the report include Cytodiagnostics, Cline Scientific, Innova Biosciences, Sigma Aldrich, Meliorum Technologies, Inc., Nanocomposix Inc., Nanopartz Inc., Johnson Matthey Plc, TANAKA, and BBI Solutions.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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