The growing investments that are made for the research and development activities in the field of nanotechnology expect to trigger the growth of the market.
Sarasota, FL -- (SBWIRE) -- 10/17/2017 -- Global Nano Copper Oxide Market: Overview
Nano copper oxide is a red or brown-black colored nanoparticle that is available in several forms according to the need of the applications. Nano copper oxide is available in discrete or powder form in the market. Various chemical and physical characteristics that are inhabited by the nano-copper oxide are low cost, antimicrobial activity, photovoltaic properties, relatively stable, and superconductivity. They also consist of attractive mechanical, electrical, optical, and catalytic properties. Some other properties that they possess are photovoltaic and photoconductive properties as they have a thin band gap between their crystal arrangements. They are used in gas sensors, heat microelectronics, transfer fluids, batteries, solar energy converters, and semiconductor devices.
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Global Nano Copper Oxide Market: Segmentation
The nano copper oxide market is globally segmented into end users and regions. On the basis of end users, the global market is segregated into electrical & electronics, catalysts, paints & coatings, energy storage, and others. Region-wise, the global nano copper oxide market is diversified into North America, Asia-Pacific, Europe, and Rest of the World.
Global Nano Copper Oxide Market: Growth Factors
The growing investments that are made for the research and development activities in the field of nanotechnology expect to trigger the growth of the market. The increasing penetration of the nano-copper oxide in many end-use industries and the physio-chemical properties that it inherits further triggers the growth of the global nano copper oxide market in the coming years. In order to improve the performance of the resultant product, these oxides are added in small amounts. The escalating demand for the segment of energy storage which is closely followed by paints and coatings, catalysts, and electronics and electrical sectors expects to drive the growth of the global market in the coming years. The market players operating in the market will have significant opportunities owing to the investments that are being made for advancements in this field. However, the nano-copper oxide has high levels of toxicity which has negative impacts on the human health and the aquatic life. Thus, the market for nano copper oxide might face challenges in terms of market growth.
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Global Nano Copper Oxide Market: Regional Analysis
The region that dominates the nano-copper oxide market is Asia Pacific. The factor that attributes to this growth is the rising demand of nano-copper oxide from the end-use industries in the region. The presence of large market players in the region along with new players that are coming up which are trying to venture into the market, mainly in the countries such as China, India, and others contributes to the growth of the market. The factors that contribute to the market growth in the North American region includes robust industrialization along with the increasing disposable income of consumers expects to drive the development of a range of end-user industries, thus contributing to the nano-copper oxide market growth in the region.
Global Nano Copper Oxide Market: Competitive Players
Some of the key market players that are involved in the nano-copper oxide market include Inframat Corporation, NaBond Technologies Co., Limited, US Research Nanomaterials, Inc., American Elements, Hongwu International Group Ltd., and Nanoshel LLC.
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Global Nano Copper Oxide Market: Regional Segment Analysis
The Middle East and Africa