Advancements in the field of nanotechnology and soaring need for metal nanoparticles across various end-use industries are likely to significantly rub off on demand for gold nanoparticles. Adoption of gold nanoparticles has been witnessing a considerable rise for nano-technology based diagnostics and therapeutics in the medical field. They seek extensive adoption for applications including treatment of tumor and cancer, along with targeted diagnosis in patients.
The nanoparticles industry has been witnessing an influx of research & development activities apropos to potential applications of the gold nanoparticles. For example, several researches have implied potential of gold nanoparticles to enhance biosynthesis in plant plastids through injection into plant cells. The process further enables assessment of these particles’ performance in plant cells. Considered as the potential osteogenic agents, gold nanoparticles have huge influence on the osteoblast differentiation simulation in the space of dentistry. Additionally, titanium dental implant surfaces have witness immense traction over the recent past, wherein gold nanoparticles seek notable adoption.
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According to Transparency Market Research’s recently compiled report, the global gold nanoparticles market will exhibit a CAGR of over 15% during the forecast period, 2017 to 2026. More than US$ 8,000 Mn worth of gold nanoparticles are envisaged to be sold worldwide by 2026-end. They are extensively utilized as contrast agents for optical coherence tomography (OCT) technique in the dentistry. Development and production of gold nanoparticles in dentinal tubules & layers for assisting visualization of structures in a non-invasive and non-destructive manner has been emerging as a new trend in the global gold nanoparticles market.
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Ultra-light Weight of Gold Nanoparticles driving their Demand
The ultra-light weight of gold nanoparticles has proliferated their application in glass and optics. Lightweight property of these nanoparticles helps in enhancing their surface area, thereby offering features associated with bulk substances but confined to a compact space, and delivering same functionality as that of their bulk counterparts. Global inclination towards compact electronic devices has further impacted demand for ultra-thin nanoparticles such as gold nanoparticles. Nanowires and inks produced by using these nanoparticles seek application in the assembly of electronic biosensors and compact storage devices.
Asia-Pacific excluding Japan (APEJ) will steer the global market for gold nanoparticles, with an estimated market revenue share of over 30% by 2026-end. The region is largest electronics manufacturing hub that is governed by development of the nanotechnology industry across countries such as India, Korea, Taiwan, and China. Expansion of the photovoltaic and high-precision printing industries will further underpin demand for gold nanoparticles in APEJ.
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