A nanoparticle is a particle having a size less than or equal to 100 nanometers. The impact of nanotechnology, has been rising rapidly, on human life through its application in industries such as electronics, pharmaceuticals, food, cosmetics, space, and environmental science. Nanoparticles are employed in applications ranging from conventional uses such as coloring agent to modern-day biomedical applications.
Nanoparticles of different elements or compounds can be produced using either natural processes or chemical synthesis. There are different synthesis methods for nanoparticles such as chemical reaction, sol-gel method, co-precipitation method, and solid-state reaction. In the recent years, a new technique called green synthesis method has been developed. Its advantages include low cost, simple preparation technique, eco-friendly, and less use of toxic materials. Green synthesis method utilizes plant extracts as reducing agents for the synthesis of nanoparticles.
The copper nanoparticles can be synthesized in the powdered form as well as in suspension of oil, ethanol, and acetone, among others. Characterization of synthesized nanoparticles is carried out through different methods such as scanning electron microscopy (SEM), transmission electron microscopy (TEM), high-resolution SEM, and X-Ray diffraction.
The primary cause of innovation in the field of nanotechnology is its increasing utilization in the medical industry. Copper has applications in electrical, catalytic, optical, biomedical, and antimicrobial applications, due to which it is one of the most commonly used materials. Copper metal ions and its compounds have been employed in medical applications for a long time.
Properties of copper nanoparticles are different from copper bulk metal. Additionally, properties of copper nanoparticles can be easily altered by varying their sizes, shapes, and chemical environment. Therefore, they are used in different applications than where copper metal is used. Copper nanoparticles are constantly tested for new and emerging applications.
Copper nanoparticles are majorly used as antimicrobial agents. Copper is toxic to microorganisms such as bacteria and fungi; however, it does not cause harm to animal cells. This property is also observed in copper nanoparticles. Studies using green synthesis method, where different plants are being used for the synthesis of copper nanoparticles, are being conducted.
Antimicrobial property of copper nanoparticles is utilized by adding them to plastics, textiles, and coatings. These nanoparticles are also used in electromagnetic (EMI) shielding and in the preparation of high strength alloys. They are used as sintering additives & capacitor materials, superficial conductive coating processing of metal & non-ferrous metal, catalyst for chemical reactions, and highly thermal conductive materials.
Many printed electronics, displays, and conductive thin films use conductive inks and pastes containing noble metals that are very expensive. Copper nanomaterials can act as a substitute for these noble metals.
Based on region, the global copper nanoparticles market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to witness robust expansion in most of the developed economies around the globe. In terms of market share, North America is leading the global copper nanoparticles market. This trend is likely to continue in the near future. Abundance of raw materials is one of the factor contributing to the dominant share of the market in North America. Initiatives by the U.S. Government to support research & innovation activities are also contributing for the market expansion in the region.
In terms of growth potential, the market in Asia Pacific is anticipated to lead the market in the next few years. Expansion of this region can be attributed to the presence of major market players, private and public collaborations and investments, and increasing research & development projects.
Key players in the copper nanoparticles market include TEKNA, Strem Chemicals Inc., Nano Technology Inc., IoLiTec Ionic Liquids Technologies GmbH, Meliorum Technologies Inc., QuantumSphere Inc., and EPRUI Nanoparticles & Microspheres Co. Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.