According to the report by IMARC Group, “Global Magnetite Nanoparticles Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global magnetite nanoparticles market reached a value of US$ 65.84 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 126.11 Million by 2027, exhibiting a CAGR of 10.80% during 2022-2027.
Magnetite nanoparticles (NPs) are structures formed of various metallic elements such as metal alloys or iron, nickel and platinum, and cobalt, which possess super magnetic properties at ambient temperatures. These NPs find applications in magnetic resonance imaging (MRI) contrast agents, catalysis, ferrofluids, magnetic separations, and biosensors due to their miniature size and non-toxic properties., They have also become a vital element for the development of biomedical applications on account of their low curie temperature and excellent magnetic susceptibility. As a result, they are helpful in magnetic nanotechnology and nanotoxicology research and development.
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COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Magnetite Nanoparticles Market Trends and Drivers:
One of the key factors driving the market is the substantial usage of magnetite NPs in cancer therapy, targeted delivery systems, diagnosis involving two guided NPs as nanoprobes and contrast agents and drug nanocarriers (NCS). In addition, the rise in the pervasiveness of chronic diseases and the increase in the demand for better diagnostic modalities and treatments are propelling the market growth.
Furthermore, magnetite NPs are widely applied in magnetic bio-separation and detection of biological entities, such as enzymes, bacteria, viruses, proteins, cells and nucleic acids. Moreover, magnetite NPs are widely utilized in wastewater treatment processes, such as filtration, demulsification, flocculation, adsorption and photocatalytic activities, as they are able to remove the contaminants from wastewater.
As a result, rapidly declining freshwater resources and the rise in wastewater complexities are catalyzing the product demand. Apart from this, the focus of the researchers on attaining functionalized magnetite NPs via green chemistry to lessen environmental pollution is influencing the market growth.
Global Magnetite Nanoparticles Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- American Elements
- Cytodiagnostics Inc.
- Merck KGaA
- Nano Research Elements Inc.
- nanoComposix (Fortis Life Sciences)
- Nanografi Nano Technology
- Nanoshel LLC
- Reade International Corp.
- SkySpring Nanomaterials Inc.
- Strem Chemicals Inc.
- US Research Nanomaterials Inc.
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The report has segmented the market on the basis of region, type, physical form and application.
Breakup by Type:
- Iron Based
- Cobalt Based
Breakup by Physical Form:
- Nanopowder
- Solution
- Dispersion
Breakup by Application:
- Bio-medical
- Electronics
- Wastewater Treatment
- Energy
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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