[FURL=https://www.industryarc.com/Research/Nano-Metal-Oxide-Market-Research-503451?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Nano Metal Oxide Market[/FURL] Nano Metal Oxide Market size is forecast to reach $8.3 billion by 2026, after growing at a CAGR of 9.3% during 2021-2026. Nano Metal oxides are used in the fabrication of various microelectronics circuits such as sensors, piezoelectric devices, fuel cells among others. So, with rise in demand for electronics products such as optoelectronics, semiconductors, transmitters and others, the nano metal oxide industry is witnessing an increase in demand. Additionally, Titanium dioxide (TiO2) semiconductor nanoparticles are one of the important and promising photocatalysts because of its unique optical and electronic properties they possess. Whereas growing usage of aluminum dioxide as coating in optical lenses, windows, flooring and other surfaces will further enhance the overall market demand for nano metal oxide market during the forecast period.Key Takeaways
Asia-Pacific dominates the nano metal oxide market owing to increasing demand from applications such as automotive and aviation industries.
The growing use of titanium dioxide for sun protection lotions, wood preservatives, and textile fibers, is likely to aid in the market growth of nano metal oxide.
The increasing demand for nano silica in paints and coatings industry will increase the market demand for nano metal oxide in the near future.
Governments regulations regarding use of titanium dioxide will create hurdles for the nano metal oxide market.
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Nano Metal Oxide Market Segment Analysis – By Geography
APAC has dominated the nano metal oxide market in the year 2020 and is expected to grow at a CAGR of 8.7% during the forecast period. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing.
According to the IBEF (Indian Brand Equity foundation), in India, the electronic goods export between April 2020 to November 2020 was US$ 3.15 billion and for the month of November 2020 it was US$ 1.13 million.
Nano Metal Oxide Market Drivers
Increasing demand for Silica
Growing Cosmetic Industry
Market Landscape
Major players in the Nano Metal Oxide Market are Abc Nanotech Co , Ltd, American Element, Baikowski Sa, Eprui Nanoparticles Microsphere Co , Ltd, Goodfellow Group, Hongwu International Group Ltd, Nanoe, Nanophase Technology Corporation, Nanoshel Llc, Nanostructured Amorphous Materials, Inc, Nissan Chemical Industries, Ltd, among others.
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