Global Nano Copper Oxide Market Report and Forecast 2024-2032

Global Nano Copper Oxide Market Outlook

The global nano copper oxide market size reached a value of approximately USD 145.35 million in 2023. The market is further projected to grow at a CAGR of 14% between 2024 and 2032, reaching a value of USD 472.67 million by 2032.

 
Key Trends in the Global Nano Copper Oxide Market

Nano copper oxide is a nanomaterial with exceptional physiochemical properties that aids in improving the performance of various end products. Nano copper oxide is synthesised by using copper chloride, sodium hydroxide, and copper nitrate as stabilising agents and is cost efficient and superconductive and photovoltaic, among others, in nature.

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• The global nano copper oxide market growth is aided by the rapid expansion of the electronics industry. The adoption of nano copper oxide in the production of various consumer electronics, including smartphones, laptops, and desktops, among others has been increasing. Nano copper oxide is used in the formulation of batteries and production of semiconductor devices.

• Due to the antimicrobial properties of nano copper oxide particles, they are extensively used in various biomedical applications and in the healthcare sector for treating microbial pathogens and hospital acquired diseases.

• Technological advancements for optimising the production process of nano copper oxide are anticipated to positively influence the growth of the market. Additionally,  nano copper oxide demand across various industry verticals is likely to increase due to several beneficial properties of the product.

Global Nano Copper Oxide Market Analysis

On the basis of type, the market is bifurcated into powdered and dispersed. By end use, the market is segregated into electrical and electronics, energy storage, paints and coatings, and catalysts, among others. Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global nano copper oxide market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Inframat Corporation

• Hongwu International Group Ltd

• Nanoshel LLC

• Nanostructured & Amorphous Materials, Inc.

• PlasmaChem GmbH

• SkySpring Nanomaterials, Inc.

• Alfa Chemistry

• Others

Global Nano Copper Oxide Market Share by End Use

By end use, paints and coatings are projected to significantly drive the demand growth for nano copper oxide in the upcoming years. This growth can be attributed to the protective and sealing nature of the nano copper oxide derived paints and coatings. Due to their antimicrobial properties, nano copper oxide particles are used in the form of polymer coatings that are then mixed with paints. They also improve the functionality and efficacy of the paint due to which the demand for nano copper oxide-based paints and coatings is increasing from the automotive industry.

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Global Nano Copper Oxide Market  Share by Region

The nano copper oxide market is anticipated to witness significant growth in the Asia Pacific region over the forecast period. The increasing demand for various electronic devices by countries such as China, Japan, and India is propelling the usage of nano copper oxide in the Asia Pacific region. The utilisation of nano copper oxide in the production of paints and coatings is also growing as it aids in developing antifouling paints and inhibits the growth of microbes, including algae and fungus, among others.

Competitive Landscape

Inframat Corporation was founded in 1996 and is headquartered in Connecticut, United States. The company is known for producing nanostructured materials for improving the performance and extending the lifespan of coated materials.

Hongwu International Group Ltd is a supplier and professional manufacturer of nanopowders, nanomaterials, and nanowires, among others. The company was established in 2012 and is based in Guangdong, China.

Nanoshel LLC is a nanotechnology company that supplies and manufactures carbon nanotubes and was founded in 2005. The company is headquartered in Delaware, United States and specialises in the commercialisation of nanoparticles and high-quality, innovative materials.

Other major nano copper oxide market players include Nanostructured & Amorphous Materials, Inc., PlasmaChem GmbH, SkySpring Nanomaterials, Inc., and Alfa Chemistry, among others.

Key Highlights of the Report