Nanotechnology Now - Press Release: Global Gold Nanoparticles Market Hit To Reach USD 4.86 Billion By 2020: Grand View Research, Inc

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Abstract:
North America dominated the global gold nanoparticles market accounting for over 30% of global volume in 2013.

Global Gold Nanoparticles Market Hit To Reach USD 4.86 Billion By 2020: Grand View Research, Inc

San Francisco, CA | Posted on February 18th, 2015

Global gold nanoparticles market is expected to reach USD 4.86 billion by 2020, according to a new study by Grand View Research, Inc. Medical & dentistry was the largest end-use segment for the gold nanoparticles and accounted for over 50% of total demand in 2013. Growing metal nanomaterials use in medical diagnostics & imaging especially for drug delivery systems in cancer & tumor cell detection is expected to drive gold nanoparticles demand over the forecast period.

Increasing R&D spending by individual nanotechnology companies and universities along with expanding medical diagnostics industry is expected to be the major factors driving gold nanoparticles demand in the region. Asia Pacific is estimated to witness the fastest growth at a CAGR of over 25% from 2014 to 2020. Growth of nanomaterials industry in countries including China, Taiwan, South Korea and Japan along with emergence of these regions as electronic manufacturing hubs is expected to fuel market growth over the next six years.

View summary of this report, click the link -
www.grandviewresearch.com/industry-analysis/gold-nanoparticles-industry

Further key findings from the study suggest:

In terms of volume, global gold nanoparticles market was estimated at over 3 tons in 2013, however, growth of several end-use industries and development of niche applications such as glass tinting and fruit & vegetable protection is anticipated to fuel future demand.

Europe gold nanoparticles market accounted for over 20% of global revenue and is estimated to witness stable demand over the next few years owing to financial instability in the region.

Electronic industry is estimated to witness the fastest growth at a CAGR of over 20% from 2014 to 2020. High demand for electronic biosensors and compact storage devices which requires gold nanoparticles inks and nanowires is estimated to drive market growth.

Browse all Market Research Reports @ www.grandviewresearch.com

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