Portland, OR -- (SBWire) -- 10/26/2017 --Global Nano Copper Oxide Market was valued at $24,660 thousand in 2015, and is expected to reach $120,670 million by 2022, supported by a CAGR of 25.4% during the forecast period 2016 to 2022. 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.
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Key findings of Nano Copper Oxide Market:
* 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 global nano copper oxide market in 2015.
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.
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Nano Copper Oxide Market Analysis and Future Forecasts to 2022
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.