Nano Copper Oxide Market Size, Share Global Analysis Report, 2022-2028

Industry Insights

[215+ Pages Report] According to Facts and Factors, during the forecast period of 2022 to 2028, the global nano copper oxide market is estimated to develop at a compound annual growth rate (CAGR) of 13.8%. The global nano copper oxide market was worth USD 97.8 million in 2021, and it is anticipated to exceed USD 280 million by 2028. The study investigates several elements and their consequences on the growth of the global nano copper oxide market.

Market Overview

Nano copper oxide is a brownish-black or reddish nanoparticle that comes in a variety of forms depending on the application. In the market, it is typically sold as a powder or in dispersed form. It possesses several distinct physical and chemical properties, including superconductivity, photovoltaic properties, stability, low cost, and antimicrobial activity. The report focuses on market trends and future growth prospects for copper oxide nanomaterials in industries such as catalysts, energy storage, electricals & electronics, paints & coatings, and others.

Furthermore, it examines the current market trends of nano copper oxide in various geographies and forecasts future growth opportunities by examining government regulations & policies, thereby increasing consumer acceptance in that region.

COVID-19 Impact

Due to multiple lockdowns, travel bans, and business closures, the COVID-19 outbreak had a negative impact on the economies and industries of several countries. The chemicals and materials industry is one of the major industries experiencing severe disruptions, such as supply chain restrictions and plant shutdowns. The closure of various warehouses and industries in various countries disrupted global supply chains and harmed sales in the electrical and paint & coating industries.

Consumption of nano copper oxide has also been hampered by a decline in demand from end-use industries. Several companies have already stated that there may be delays in product deliveries and a drop in future product sales. The introduction of vaccination drives, on the other hand, has eased restrictions on manufacturing activities.

Growth Drivers

• Increasing copper oxide replacement to drive market growth

Copper oxides on the nanoscale are manufactured for specific applications and are 100 times finer than copper oxides with different physical properties. Nano-copper oxide has a variety of fascinating properties, including optical, catalytic, mechanical, and electrical properties. Because of the close band distance between CuO crystal structures, they are also photovoltaic and photoconductors. These are used in semi-conductor systems (to increase fluid viscosity and thermal conductivity for energy conversion), gas transducers, batteries, solar converters, microelectronics, and hot fluid transmission.

Restraints

• High toxicity may stymie market growth

Humans have reported side effects such as vomiting and nausea after swallowing copper oxide powder or lung damage after inhaling copper oxide fumes. In most cases, such impacts expose the copper ions emitted by copper oxide to extremely high doses of this metal, resulting in increased copper bioavailability. On the other hand, copper is a trace element that is required for the normal function of many tissues, including the immune system, nervous system, heart, skin, and capillary formation. Humans accept and process copper exceptionally well. However, this is not true for all animals, and other species of wildlife are more susceptible to copper toxicity.

Opportunities

• A diverse set of applications to provide more opportunities

Nanomaterials are extensively researched due to their excellent properties and wide range of applications. The government helps by providing funds and subsidies to businesses and laboratories. The nanomaterial with the best catalytic, optical, mechanical, and electrical properties is nano copper oxide. Other unique properties of nano copper oxide include photoconductivity and photovoltaic applications due to the narrow bandgap. Semiconductors, batteries, gas sensors, microelectronics, solar energy converters, and heat transfer fluids are among the applications. All of these factors pave the path for more elaborated research and development for nano copper oxide, as well as increased opportunities for discovering new applications for the material.

Segmentation Analysis

The global nano copper oxide market is segmented into end-user and regions.

By end-user, the market is divided into catalysts, paints & coatings, energy storage, electrical & electronics, and others. The electrical & electronics segment accounts for the majority of the market share. During the forecast period, the paints & coatings segment is expected to have the highest CAGR. Nanocoatings are used to protect, seal, and color solid surfaces in paints & coatings. Pigments, such as solid nano particulates, are critical for this purpose and have been used for millennia.

Nanomaterials are now being used to improve efficacy and add new functionalities to paints. There is already a plethora of nano-enhanced paints available on the market. With the growing demand for innovative paints & coatings in the automotive industry, the demand for nano copper oxide has recently increased slightly. As a result, the expanding automotive industry propels the paints & coatings market, which in turn propels the growth of the global nano copper oxide market.

Report Scope

Regional Landscape

Asia Pacific region is the fastest-growing region in the global nano copper oxide market. Because of the high demand for nano copper oxide in the Asia Pacific, many new companies are attempting to enter the market, particularly in India, China, ASEAN (Association of Southeast Asian Nations), and other countries.

Increased disposable income in countries like China, India, ASEAN, and others is propelling industries like paints & coatings, electricals & electronics, textiles, healthcare & life science, and others. Rapid industrialization, combined with increased investment in these industries, is contributing to market growth and driving demand for nano copper oxide in the region. China is one of the world's leading countries in terms of demand for and commercialization of nano copper oxide-based products.

Recent Development

• July 2021: Fortis Life Sciences has completed the acquisition of nanoComposix, a premium nanomaterial’s company focused on assay development and diagnostic solutions.
• February 2019: CliniSciences and nanoComposix have signed an agreement to expand the distribution of nanoComposix technology and materials to customers throughout Europe.

Competitive Landscape

Some of the key players in the global nano copper oxide market are

• NaBond Technologies 
• SkySpring Nanomaterials 
• Sun Innovations 
• Nanotechnology 
• Hongwu International Group 
• Strem Chemicals 
• PlasmaChem GmbH 
• Reade Advanced Materials 
• Quantumsphere 
• Ionic Liquids Technologies GmbH 
• Nanoshel 
• US Research Nanomaterials 
• American Elements 
• Nanocomposix 
• Inframat Corporation 
• Sisco Research Laboratories 
• Nanjing Emperor Nano Material 

The global nano copper oxide market is segmented as follows;

By End-User Segment Analysis

• Catalysts
• Paints & Coatings
• Energy Storage
• Electrical & Electronics
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America