Middle East and Africa Metal Nanoparticles Market
No. of Pages: 84 | Report Code: TIPRE00025247 | Category: Chemicals and Materials
No. of Pages: 84 | Report Code: TIPRE00025247 | Category: Chemicals and Materials
The Middle East and Africa metal nanoparticles market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The existing physical and chemical methods used for the synthesis of metal nanoparticles have drawbacks such as the use of toxic chemicals and high requirement of energy, which makes the large-scale implementation of these processes difficult. Thus, manufacturers started looking for alternative ways to produce metal nanoparticles, which recently led them to biological methods of producing metal nanoparticles. The metal nanoparticles are being produced by using bacteria, fungi, and plants. This futuristic green method of biological nanoparticles production allows synthesis in aqueous conditions, thus lowering energy requirements and costs. Different bacteria, fungi, and plants have shown the ability to synthesize metallic nanoparticles and each of them has its advantages. Bacteria such as pseudomonas deptenis, visella oriza, bacillus methylotrophicus, bhargavaea indica and brevibacterium frigoritolerans have been used to synthesize silver (Ag) and gold (Au) nanoparticles. Intracellular or extracellular synthesis, controlled growth temperature, simplified extraction, and improved metal nanoparticle quality are the main advantages of biological nanoparticle production. Thus, cost-effective, environmentally friendly biological methods of producing metal nanoparticles are emerging as a prime trend in the metal nanoparticle market.
The Middle East and Africa, South Africa reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including metal nanoparticles manufacturing activities. However, various research has been ongoing for the utilization of gold nanoparticles for COVID testing kits, that will provide the results in a matter of minutes. A group of researchers claims that they have developed a diagnostic test that can detect the SARS-CoV-2 (causative agent of COVID-19) within 10 minutes of test and the results will be visible to naked eyes. The test is a simple colorimetry-based assay that uses gold nanoparticles that are capped with the nucleic acid sequence of the nucleocapsid phosphoprotein of the virus. The test is based on the determination of specific antibodies that are developed in response to the infection. Thus, a surge in the use of gold nanoparticles in the healthcare sector, particularly in the development of rapid COVID-19 test kits, is boosting the metal nanoparticles market.
Strategic insights for the Middle East and Africa Metal Nanoparticles provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 476.12 Million |
| Market Size by 2028 | US$ 927.34 Million |
| Global CAGR (2021 - 2028) | 10.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Metal
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Metal Nanoparticles refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The metal nanoparticles market in Middle East and Africa is expected to grow from US$ 476.12 million in 2021 to US$ 927.34 million by 2028; it is estimated to grow at a CAGR of 10.0% from 2021 to 2028. There has been an increase in the demand for metal nanoparticles from developing countries. Metal nanoparticles are highly being used in industries such as pharmaceuticals and healthcare, electrical and electronics, and cosmetics in these countries. Metal nanoparticles are being used in the healthcare industry for the lateral flow diagnostic testing products which specifically targets heart diseases. Low manufacturing costs, owing to incentives offered by governments, have encouraged international electronics companies to establish their plants in developing countries, which is creating growth prospects for metal nanoparticles providers to expand their presence in the region. Metal nanoparticles are being used in solar applications, photocatalytic applications, and cancer therapeutics. Metal nanoparticles are being used in pesticides. Thus, developing countries are providing notable growth opportunities to the metal nanoparticles market players.
Based on metal, the gold segment accounted for the largest share of the Middle East and Africa metal nanoparticles market in 2020. Based on end-use industry, the pharmaceutical and healthcare segment accounted for the largest share of the Middle East and Africa metal nanoparticles market in 2020.
A few major primary and secondary sources referred to for preparing this report on the Middle East and Africa metal nanoparticles market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include American Elements; BBI Group; NanoComposix; Nanosc, Inc.; and Nanoshel LLC.
The Middle East and Africa Metal Nanoparticles Market is valued at US$ 476.12 Million in 2021, it is projected to reach US$ 927.34 Million by 2028.
As per our report Middle East and Africa Metal Nanoparticles Market, the market size is valued at US$ 476.12 Million in 2021, projecting it to reach US$ 927.34 Million by 2028. This translates to a CAGR of approximately 10.0% during the forecast period.
The Middle East and Africa Metal Nanoparticles Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Metal Nanoparticles Market report:
The Middle East and Africa Metal Nanoparticles Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Metal Nanoparticles Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Metal Nanoparticles Market value chain can benefit from the information contained in a comprehensive market report.
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