Platinum Nanoparticles Market To 2022- Industry Trends, Forecast: Grand View Research, Inc.
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Global platinum nanoparticles market is likely to witness growth on account of increasing expenditure in automotive, chemical and healthcare industries for development of nanotechnology. Growing requirement of metal nanoparticles such as gold, silver and platinum for catalysis is expected to fuel the nanotechnology industry growth. Increasing demand for nanoparticles in medical industry for diagnostics and therapeutics is expected to have a positive impact on the platinum nanoparticles market. Development of metal nanomaterials for drug delivery system for cancer treatment coupled with investments in R&D for fillings for nanowires is expected to have a promising affect on metal nanomaterials industry. Advanced research and development on metal nanoparticles with combination of other metals including nickel and tungsten is expected to have significant results on solar technology. In 2015, Government of China published a patent on application of platinum metal nanomaterials and tungsten trioxide for development of dye sensitized solar cells technology.
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North America is likely to be a potential platinum nanoparticles market characterized by significant investments in R&D by nanotechnology firms and universities. Increasing expenditure on nanotechnology in healthcare industry of U.S. is expected to have a positive impact on market in the near future. Robust automotive manufacturing base in European countries namely Germany, France and Italy is likely to fuel the demand for catalyst for reducing GHG emissions and thus likely to amplify platinum nanoparticles market growth. Increasing expenditure by electronic manufacturers on platinum nanomaterials to develop highly efficient storage devices such as DVDs, CDs, flash cards and USB drives is likely to have a positive impact on the market.
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Robust manufacturing base semiconductors and electronic products in China, Taiwan, Korea and India coupled with increasing R&D expenditure for high precision printing and photovoltaic technology at domestic level is likely to aggravate the demand for platinum based nanoparticles. The development of niche applications such as photovoltaic, fruit protection and glass tinting is expected to have a positive impact on market.
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Abundant presence of metal reserves in South Africa is likely to incline the development of nanotechnology manufacturing facility in the vicinity thus opening new opportunities for nanomaterials industry in near future. Key players include BBI Solutions, Tanaka, Sigma Aldrich, Nanosphere, Solaris Nanosciences, NanoBio Chemicals Pvt Ltd and Nanopartz Inc.
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