Portland, OR, Aug. 11, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global nano copper oxide market garnered $39.09 billion in 2021, and is estimated to generate $84.81 million by 2031, manifesting a CAGR of 8.1% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $39.09 million |
| Market Size in 2031 | $84.81 million |
| CAGR | 8.1% |
| No. of Pages in Report | 204 |
| Segments covered | End User and Region. |
| Drivers | Increase in usage of metal and metal oxide nanoparticles in the electronics and semiconductor sectors |
| Surge in demand for copper oxide nanoparticles in paints & coatings applications | |
| Rise in disposable income in countries such as Japan and South Korea | |
| Opportunities | Rise in investment for market expansion |
| Restraints | Increase in copper bioavailability |
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Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the economics and industries of various nations as a result of global lockdown, travel restrictions, and company closures.
- The chemicals and materials industry is one of the principal industries that faced significant disruptions, including supply chain restrictions and facility shutdowns. The shutdown of several warehouses and factories in worldwide markets disrupted the global supply networks and affected the electrical and paint & coating sectors' revenue. This, in turn, hampered the growth of the global nano copper oxide market.
- Nano copper oxide consumption has also been hindered by a drop in demand from end-use industries. Multiple businesses have already warned the potential delays in product deliveries and a decline in future product sales.
- In contrast, the launch of vaccination campaigns has loosened constraints on manufacturing activity, which, in turn, is anticipated to positively influence the global nano copper oxide market.
The research provides detailed segmentation of the global nano copper oxide market based on end user and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on end user, the electricals & electronics segment accounted for the highest share in 2021, holding nearly one-third of the global nano copper oxide market, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to grow at the highest CAGR of 8.9% during the forecast period. The report also identifies segments including energy storage, paints & coatings, catalysts and others.
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Based on region, Asia-Pacific held the largest share in 2021, contributing to more than two-fifths of the total market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 8.8% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Major players operating in the global nano copper oxide market include American Elements, Hongwu International Group Ltd., Inframat Advanced Materials, LLC, Merck KGaA, Nanjing Emperor Nano materials Co., Ltd., Nanoshel LLC, Nanostructured & Amorphous Materials, Inc., Novacentrix, Iolitec Ionic Liquids Technologies GmbH, PlasmaChem GmbH, Sisco Research Laboratories Pvt. Ltd., SkySpring Nanomaterials Inc., Stream Chemicals, Inc., Suzhou Canfuo Nanotechnology Co., Ltd., and US Research Nanomaterials, Inc.
The report provides a detailed analysis of these key players of the market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
