Gold Nanoparticles Market Analysis By End-Use (Medical & Dentistry, Electronics, Catalysis) And Segment Forecasts To 2020

January 2015  |  66 Pages  |  Format: PDF  |  Report ID: 978-1-68038-312-6

Industry Insights

The global gold nanoparticles market is expected to witness significant rise owing to advancements in the field of nanotechnology coupled with growing requirements of metal nanoparticles in numerous end-use industries. Increasing demand for nanotechnology-based diagnostics and therapeutics in the medical industry is anticipated to fuel gold nanoparticles market growth over the forecast period. Technological advancements in the field of nanotechnology for medical diagnostics are also anticipated to impact the quality and performance of finished products. Growing demand for nanotech products, especially for cancer and tumor treatment & diagnosis, has led to the development of metal nanoparticles for drug delivery systems. Global nanotechnology market has witnessed an increase in intellectual property filings concerning cancer targeting nanoparticles technology and nanowires. Increasing investments in R&D coupled with above-mentioned trends is expected to have a positive impact on gold nanoparticles market over the next few years. Gold nanoparticles find applications in several other industries such as electronics and chemical catalysis. Surging demand for high-efficiency compact mass storage media devices such as CDs, DVDs, USB drives and flash cards has led to the increase in the application of metal nanoparticles. Enhanced stability and lower crystal growth of molecules provide gold nanoparticles an edge over other metal nanoparticles such as silver and platinum.

The market may, however, be restrained owing to strict standards and guidelines for manufacture, sales and handling of nanomaterials by international agencies such as International Organization for Standardization (ISO), National Institute of Standards and Technology (NIST) and Nanomaterials Registry. Increasing instances of toxicity of gold nanoparticles may have an adverse impact on human health and environment and may expose the market to stringent regulations and revision of standards. Biosynthesis of these nanoparticles coupled with the growth of niche applications such as photovoltaic, fruit protection and glass tinting might help gold nanoparticles market to cope up with aforementioned challenges.

End-Use Insights

Medical & Dentistry was the largest end-use industry and accounted for over 50% of global gold nanoparticles market in 2013. Increasing application scope of nanomaterials in diagnostics, therapeutics, and medical imaging has been the major factor driving demand for gold nanoparticles. Increasing R&D spending for cancer targeting nanoparticle technology and drug delivery systems is estimated to have a positive impact on gold nanoparticles market growth over the next six years. Global demand for nanotechnology medical products grew at a CAGR of 17% from 2009 to 2014, and the segment is anticipated to show similar growth over the next six years. This high growth of nanotechnology medical products along with increasing application scope of gold nanoparticles in diagnostic tests for a wide range of diseases including cancer, HIV/AIDS, and cardiovascular diseases is estimated to drive global demand in the medical industry over the next six years. Electronics segment is estimated to have the highest growth rates over the forecast period on account of growing demand for compact storage devices and increasing nanotechnology usage in photovoltaic. The growth of niche applications such as fruit & vegetable protection and nanowires for biosensors is expected to create immense future opportunities for gold nanoparticles market growth.

Regional Insights

North America was the largest regional market and accounted for over 30% of global gold nanoparticles market in 2013. The market in this region is characterized by large investments in R&D by individual nanotechnology firms and universities coupled with the growth of medical diagnostics industry in this region. North America was followed by Asia Pacific in terms of revenue. Asia Pacific is the largest electronics manufacturing hub governed by the development of nanotechnology in countries such as China, Korea, India, and Taiwan. The growth of high precision printing and photovoltaic industry is also expected to support gold nanoparticles market growth in this region. Europe is estimated to witness stagnant growth rates over the forecast period.

Competitive Insights

Global gold nanoparticles market is characterized by high competition among the market players and low yield coupled with high investments in R&D. Market participants compete on the basis of product development for specific end-use applications. Major companies operating in global gold nanoparticles market include BBI Solutions, Cytodiagnostics, Goldsol, NanoHybrids Corp., Nanopartz Inc., Nanosphere, Nanostellar, Tanaka, Metalor, Solaris Nanosciences, NanoRods LLC, Innova Biosciences, Sigma-Aldrich, Appolo Biolife and NanoBio Chemicals India Pvt. Ltd.

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