Nano copper oxide is a reddish or brownish-black nanoparticle, available in different forms according to applications served by it. It is generally sold in powder or dispersed form in the market. It has several unique physical & chemical properties such as superconductivity, photovoltaic properties, relatively stable, low cost, and antimicrobial activity. The report focuses on current market trends and future growth opportunities of copper oxide nanomaterials in industries, such as electricals & electronics, paints & coatings, catalysts, energy storage, and others. Moreover, it analyzes the current market trends of nano copper oxide in different geographies and suggests the future growth opportunities by analyzing government regulations & policies, thereby further increasing the consumer acceptance in that region.
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The figures provided in this report are based on the demand or consumption quantity across type of materials and applications at country level. Further, by doing bottom-up and considering price trends the market value and volumes were derived. As per Allied Market Research, the global demand for nano copper oxide was valued at $24,660 thousand in 2015 and is expected to expand with a CAGR of 25.4% during the forecast period to reach a value of $120,670 million in 2022.
Growth in investment towards research and development, increase in penetration of nano copper oxides in various end-user industries, and excellent physio-chemical properties of nano copper oxide drive its demand among various end-users. Nano copper oxides are usually added in small quantity to improve the performance of the end-product. However, factors such as high toxicity to human lungs & aquatic life may hamper the market growth. Currently, the electrical & electronics and catalysts are the major end-user market for nano copper oxides. The demand for nano copper oxide witnesses significant growth in all the regions, due to its significant physio-chemical properties and opportunities that they are creating for all players in the industry.
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Nanoscale copper oxides are manufactured for specific end uses and are approximately 100 times finer than the copper oxide with different physical properties. Nano copper oxide displays interesting properties such as optical, catalytic, mechanical, and electrical properties. They also possess photovoltaic and photoconductive properties as CuO crystal structures have a narrow band gap. They are utilized in semiconductor devices, gas sensor, batteries, solar energy converter, microelectronics, and heat transfer fluids (to improve fluid viscosity and enhance thermal conductivity for application in energy conversion). The world nano copper oxide market is segmented based on the end user industries such as electricals & electronics, paints & coatings, catalysts, energy storage, and others.
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