PORTLAND, Oregon, October 17, 2016 /PRNewswire/ --
A new report published by Allied Market Research titled, "Nano Copper Oxide Market by End-users - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", and projects that the world nano copper oxide market was valued at $24,660 thousand in 2015 and is expected to reach $120,670 million by 2022, registering a CAGR of 25.4% from 2016 to 2022. Electricals & electronics segment is expected to remain the highest revenue-generating segment throughout the forecast period. North America held the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period.
Summary of the Nano Copper Oxide Market Report can be accessed on the website at https://www.alliedmarketresearch.com/nano-copper-oxide-market
According to Eswara Prasad, Team Lead Chemical Research at AMR, "Strong demand in electronic equipment along with decreasing prices are the factors resulting in significant upsurge in nano copper oxide demand in long run, though toxicity at higher concentration may hamper the market growth."
The demand for nano copper oxide has witnessed tremendous growth driven by the penetration in electrical & electronics, paints & coatings, semiconductors, coatings, energy storage, catalysts, and others. Nano copper oxide industry players are investing immensely to find new commercial avenues for their product segments via strategic partnership and collaborations. Some of the major factors that drive the demand for nano copper oxide include upsurge in demand for electronic products, increase in demand for antimicrobial coatings, and decrease in prices of nano copper oxide. However, factors such as toxicity to human lungs and aquatic life is expected to hamper the market growth during the forecast period. Growth in research & development coupled with government subsidies and increase in number of end-user industry will provide significant opportunities to the industry players across the value chain.
In 2015, electricals & electronics was the largest end-user segment in terms of revenue with around half of the share followed by catalysts and others. In electrical & electronics end-user, nano copper oxide is mainly used in conductive coatings. Extraordinary physio-chemical properties of nano copper oxide has increased their penetration in wide array of end-user as it results in improved performance of end-products.
According to Eswara Prasad, Team Lead Chemical Research at Allied Market Research "significant investments towards research along with collaboration among industry players and research institutes has led to increased penetration of nano copper oxides in wide array of applications."
Key findings of the study:
- Energy storage segment is expected to witness highest CAGR of 26.7% during the forecast period.
- Electricals & electronics along with catalyst segment together account for more than two-thirds market share.
- North America is anticipated to lead the market throughout 2022, growing at a CAGR of 24.9%, in value terms from 2016 to 2022.
- China, Germany, and U.S. were the leading country in the world nano copper oxide market in 2015.
In 2015, North America accounted for more than one-third of the worldwide demand for nano copper oxide and are expected to maintain their lead position throughout the forecast period. Also, Asia-Pacific is projected to be the fastest growing region, with a CAGR of 26.2% during the forecast period owing to the economic and industrial development happening in emerging economies.
Major players in the industry invest significantly on research and development to launch new commercial applications at low cost. Strategic collaborations and business expansion are the other major strategies adopted by the industry players. The major companies profiled in the report include American Elements, Inframat Corporation, Hongwu International Group Ltd., NaBond Technologies Co., Nanocomposix, Nanoshel LLC, Nanostructured & Amorphous Materials, Inc., PlasmaChem GmbH, SkySpring Nanomaterials, Inc., and US Research Nanomaterials, Inc.
Summary of Similar Reports can be viewed at https://www.alliedmarketresearch.com/materials-&-chemicals-market-report
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.
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.
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SOURCE Allied Market Research