Gold Nanoparticles Market Size, Share, Trend Report

Gold Nanoparticles Market Size, Share, Trend Analysis Report By End-use (Medical & Dentistry, Electronics, Catalysis), By Region, Competitive Strategies, And Segment Forecasts, 2018 - 2020

  • Published Date: Feb, 2017
  • Base Year for Estimate: 2016
  • Report ID: 978-1-68038-312-6
  • Format: Electronic (PDF)
  • Historical Data: 2014-2016
  • Number of Pages: 66

Industry Insights

The global gold nanoparticles market size was valued at USD 1.82 billion in 2016. The industry is estimated to observe considerable growth owing to advancements in the nanotechnology field coupled with growing requirements of metal nanoparticles in numerous end-use industries. Increasing demand for therapeutics and diagnostics, which are based on nanotechnology, in the medical field, is expected to enhance the gold nanoparticles industry growth over the forecast period. 

North America gold nanoparticle market

Emerging trends across medical applications for diagnosis, imaging, and drug delivery is anticipated to stimulate the market growth over the forecast period. Gold nanoparticles are extensively used in various applications such as treatment of cancer and tumor, and targeted diagnosis in patients.

In North America, the life science and medical research industry are expected to grow at a high rate. Continuous evolution in the global medical technology led the market to reach about USD 340 billion in 2014. Factors such as investments in healthcare, increasing coverage of health insurance, and aging population are expected to enhance the industry further.

Implementation of advanced technology in the field of nanotechnology used for medical diagnostics impact the performance and quality of finished products, which is anticipated to fuel the demand for nanotech products. Growing demand for these products, especially for tumor and cancer diagnosis and treatment, is expected to lead to the development of metal nanoparticles in drug delivery systems.

Global nanotechnology market has witnessed an increase in intellectual property filings concerning cancer targeting nanoparticles and nanowires. These are majorly used in the diagnosis of cardiac diseases, cancer, tumor, and other infectious agents. Increasing investments in R&D coupled with above-mentioned trends are expected to have a significant impact on the gold nanoparticles industry in the near future.

Gold nanoparticles find applications in several other industries such as chemical catalysis and electronics. Rising demand for compact mass storage devices such as USB drives, DLNA devices, micro SD, and flash cards have surged the product application. Enhanced stability and lower crystal growth of molecules provide gold nanoparticles an edge over other metal nanoparticles such as silver and platinum.

High demand for gold nanoparticles in enhancing plastids for plant biotechnology research is expected to create ample growth prospects over the long term. The process includes coating nanoparticles with DNA and inoculating them in nanowires, plant cells, colorimetric sensors, and fuel cells. Commercialization of the products based on specific application is anticipated to enhance the industry growth over the forecast period.

Increased usage of the product in electronics, photovoltaic products, and high precision printing is expected to support the large scale electronics manufacturing hub countries such as Japan, China, Taiwan, India, and South Korea owing to the higher industrial developments in these countries.

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. Moreover, several FDA regulations concerning nanotechnology products and their safety monitoring is estimated to restrain gold nanoparticles segment growth in next few years.

Increasing instances of toxicity of gold nanoparticles may have an adverse impact on human health and environment and may expose the industry 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 the market to cope up with aforementioned challenges.

The fluctuating supply of gold as the raw material or metal for the manufacturing of the nanoparticles is expected to act as a major restraining factor for the market. Unpredictable price change of gold, based on the supply and demand gap, is also anticipated to have a negative impact on the gold nanoparticle industry.

The gold nanoparticle market has observed frequent patent filings on account of substantial investments in R&D in last few years. Surging demand in electronics and medical sectors and in development of nanowires is anticipated to steer the industry growth. With a number of international industry participants, the market is projected to have a significant growth from 2015 to 2020.

End-use Insights

Medical & Dentistry was the largest end-use industry and accounted for over 50% of global gold nanoparticles market in 2016. Increasing application scope of nanomaterials in diagnostics, therapeutics, and medical imaging has been the dominant 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 market growth over the next six years.

Global gold nanoparticle market

In 2014, around 65 million surgical operations were performed in the U.S. Ongoing innovation in surgical procedures such as standardized equipment, technical advancements, high-reliable medical devices are anticipated to enhance the demand for gold nanoparticles in medical sector over the forecast period.

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. The 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 offer ample scope for R&D in the medical industry over the next few years.

Electronics segment is estimated to observe the highest CAGR over the forecast period owing to the increasing 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 opportunities for gold nanoparticles market growth over the next few years.

Regional Insights

North America emerged as the largest consumer and accounted for over 30% of global gold nanoparticles market share in 2016. Industrial economy in the region is characterized by large investments in R&D by individual nanotechnology firms and universities coupled with the growth of medical diagnostics industry. 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 expected to support gold nanoparticles market growth in this region.

As compared to Asia Pacific and North America, Europe has gathered small number of investments in medical and electronics sector, hence product demand in this region is estimated to witness moderate growth over the forecast period. Factors such as investments in healthcare, increasing coverage of health insurance, and aging population across various countries are expected to enhance the industry growth over the long term.

Gold Nanoparticles Market Share Insights

Global gold nanoparticles market is characterized by high competition, marked by presence of both multinational and medium scale enterprises. The gold nanoparticle is highly cost exhaustive industry and has modest yield for a specific range of applications. The market is characterized by competency by high R&D investments 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.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2012 - 2015

Forecast period

2016 - 2020

Market representation

Volume in Kilos, Revenue in USD Million & CAGR from 2015 to 2020

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage              

Volume forecast, revenue forecast, company share, competitive landscape, growth factors & trends

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Segments covered in the report

This report forecasts volume and revenue growth at global and regional levels and provides an analysis of the industry trends in each of the sub-segments from 2012 to 2020. For the purpose of this study, Grand View Research has segmented the global gold nanoparticle market report on the basis end-use, and region:

  • End-use Outlook (Volume, Kilo; Revenue, USD Million; 2012 - 2020)

    • Medical & dentistry

    • Electronics

    • Catalysis

    • Others

  • Regional Outlook (Volume, Kilo; Revenue, USD Million; 2012 - 2020)

    • North America

    • Europe

    • Asia Pacific

    • Rest of the world

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