22 October 2019 - Global Nano Copper
Oxide Market is expected to grow
substantially in the coming years owing to significant investment for R&D
activities. Nano copper oxide is a black, red-shaded or brown colored
nanoparticle present in several forms for wide range of applications. It is
insoluble in water and dissolves slowly in ammonia or alcohol solution. They
are used as colorant in ceramics to produce different colors and as dietary
supplement in animal fodder.
The
key drivers of nano copper oxide market include rising penetration in several
end use applications like catalysts and electrical & electronics and
increasing investment for research and development activities. However, harmful
effects of nano copper oxide on human health and marine animals is expected to
obstruct and challenge the growth of nano copper oxide market.
The
prevailing trends in the market is growing demand from energy sector. Moreover,
increasing investment for the domain growth is expected to offer opportunities
in the market.
Market
is categorized on the basis of end user, application, and geography. On the
basis of end user, market is divided into paints & coatings, energy
storage, electrical & electronics, catalysts, and others. Energy storage
segment is expected to hold larger share of the market due to increasing
acceptance and high investment for research and development activities.
In
terms of application, nano copper oxide market is divided into gas sensor,
batteries, microelectronics, semiconductor devices, heat transfer fluids, and
solar energy converter. Electrical and electronics segment is anticipated to
lead the market owing to the increase in demand for technologically advanced
electronic devices and exceptional electrical and mechanical properties.
Geographically,
market is segmented as North America, Latin America, Europe, Asia Pacific, and
Middle East & Africa. Asia Pacific region is predicted to dominate the nano
copper oxide industry due to speedy industrialization and spending power of
consumers. Owing to healthy industrialization, North America is also expected
to lead the market in the forecast period.
The
prominent players in nano copper oxide market are NaBond Technologies Co.,
Limited, Inframat Corporation, Hongwu International Group Ltd., American
Elements, Nanoshel LLC., and US Research Nanomaterials, Inc.
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