Market Trends of Nanomaterials Industry
This section covers the major market trends shaping the Nanometals Market according to our research experts:
Silver Nanometals to Dominate the Market
- Silver nanometals accounts for the highest fo the market share currently
- Silver nanometal includes silver nanoparticles, stabilized silver salts, polymer and metal oxide composites, and silver-impregnated zeolite and activated carbon materials.
- Currently, there are more than 1,300 nanotechnology-based products on the market. Silver nanometal is known as an excellent antimicrobial agent, and therefore, it could be used as an alternative disinfectant agent.
- Many textiles, keyboards, wound dressings, and biomedical devices contain silver nanoparticles, which continuously release a low level of silver ions to provide protection against bacteria.
- Hence, owing to the above-mentioned factors, silver nanometals to dominate the market studied.
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Asia-Pacific to Dominate the Market
- In the past few years, there has been a major surge in the demand for nanometals in Asia-Pacific countries like China, South Korea, etc.
- The growth in technology and an increase in investments in research & development with government support has driven the market for nanometals with its high usage in various applications.
- In Asia-Pacific, the healthcare industry is growing as the rollout of public health care programs combined with growing consumer wealth is anticipated to boost health care spending in countries like China, India, and Japan.
- Additionally, there has been a growing demand for nanometals from Southeast Asian countries for application in industries like healthcare, electronics, etc.
- Hence, owing to the above-mentioned reasons, Asia-Pacific is expected to dominate the market studied during the forecast period
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