LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global gold nanoparticles market to grow at a CAGR of close to 19% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global gold nanoparticles market for 2017-2021. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Some of the driving factors in the market are an upsurge in research and development activities associated with gold nanoparticles, increasing adoption of ultra-light materials favoring demand for compact electronic devices, increasing demand from commercial applications. However, the market has its share of challenges that include volatility in the prices of gold coupled with inconsistent supply, growing concerns about toxicity related issues around gold nanoparticles, the regulatory framework on the production of nanotechnology products and their post market monitoring.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global gold nanoparticles market:
- An upsurge in research and development activities associated with gold nanoparticles
- Increasing adoption of ultra-light materials favoring demand for compact electronic devices
- Increasing demand from commercial applications
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An upsurge in research and development activities associated with gold nanoparticles
The global gold nanoparticles market is expected to witness a healthy growth backed by increasing research and development activities pertaining to the potential applications of gold nanoparticles, especially in the field of nanotechnology. As per numerous research and development activities, the market is anticipated to penetrate a range of applications exponentially during the forecast period.
Kshama Upadhayay, a lead metals and minerals research analyst at Technavio, says, “Gold nanoparticles in plant plastids, when injected into plant cells, enhance the biosynthesis. This process helps in assessing the performance of gold nanoparticles in plant cells. Therefore, they can be employed in a host of potential applications. The global gold nanoparticles market witnessed an influx of research and development activities, particularly in North America.”
Increasing adoption of ultra-light materials favoring demand for compact electronic devices
One of the prominent reasons for the increasing application of gold nanoparticles in optics and glass is their weight. The ultra-light weight of gold nanoparticles makes their surface area very high when compared with that of bulk substances. This offers the features of bulk substances confined to compact spaces for similar or same functionality using less space and weight.
“The increasing adoption of ultra-thin materials is further strengthened by a global inclination toward compact electronic devices. The market has witnessed an increasing demand for compact storage devices and electronic biosensors that include the application of gold nanoparticles. Gold nanoparticles nanowires and inks find application in assemblies of compact storage devices and electronic biosensors,” adds Kshama.
Increasing demand from commercial applications
The market has witnessed high demand in the field of dentistry, which has led to a robust growth of the market. Gold nanoparticles are considered as potential osteogenic agents owing to their influence on osteoblast differentiation stimulation. They are notably used in titanium dental implant surfaces, the demand for which has been driving the global market.
Gold nanoparticles are also used as contrast agents in dentistry for the OCT (optical coherence tomography) technique. The production and development of gold nanoparticles within dentinal tubules and layers to assist in visualizing structures in a non-destructive and non-invasive manner is a new trend in the market.
Top vendors:
- BBI Solutions
- Cline Scientific
- Cytodiagnostics
- Goldsol
- Meliorum Technologies
- nanoComposix
- TANAKA HOLDINGS
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