Nano Copper Oxide Market

Nano Copper Oxide Market Size - (2023-2028):

Nano Copper Oxide Market size was valued at US$ 120.68 million in 2022 and is anticipated to reach US$ 249.8 million by 2028 and increase at a CAGR of 21.12% between 2023-2028

Nano copper oxide is a nanoparticle in a reddish or brownish-black color that comes in various shapes depending on the use. In the market, it's usually found in powder or scattered form. Superconductivity, photovoltaic characteristics, relative stability, low cost, and antibacterial activity are just a few of its remarkable physical and chemical qualities. Nanomaterials are being studied in depth due to their significant characteristics and wide variety of applications. The government helps by providing funding and subsidies to businesses and laboratories. The nanomaterial nano copper oxide has exceptional optical, catalytic, mechanical, and electrical properties. Photovoltaic applicability and photoconductivity due to a small bandgap are two additional unique features of nano copper oxide. Semiconductors, gas sensors, batteries, solar energy converters, microelectronics, and heat transfer fluids are among the applications.

Nano Copper Oxide Market Drivers:

Nano copper oxide's demand is driven by increased investment in research and development, increased penetration of nano copper oxides in various end-user sectors, and good physio-chemical features of nano copper oxide. Nano copper oxides are frequently introduced in small amounts to improve the end performance. Product's However, problems such as high toxicity to human lungs and aquatic life could stymie market expansion. The principal end-user markets for nano copper oxides are now electrical and electronics, as well as catalysts. Due to its powerful physio-chemical features and prospects, the demand for nano copper oxide increases in all regions. Nanoscale copper oxides are 100 times finer than copper oxide and have different physical properties. They are created for specific end uses.

The optical, catalytic, mechanical, and electrical properties of nano copper oxide are all noteworthy. Because CuO crystal formations have a low bandgap, they also feature photovoltaic and photoconductive capabilities. Semiconductors, gas sensors, batteries, solar energy converters, microelectronics, and heat transfer fluids all use them (to improve fluid viscosity and enhance thermal conductivity for application in energy conversion). End-user industries such as electricals and electronics, paints and coatings, catalysts, energy storage, and others are segmented in the global nano copper oxide market. Nanomaterials are being studied in depth due to their significant characteristics and the wide variety of applications. The government helps by providing funding and subsidies to businesses and laboratories. The nanomaterial nano copper oxide has exceptional optical, catalytic, mechanical, and electrical properties. Photovoltaic applicability and photoconductivity due to a small bandgap are two additional unique features of nano copper oxide. Semiconductors, gas sensors, batteries, solar energy converters, microelectronics, and heat transfer fluids are among the applications. These elements open the way for more detailed nano copper oxide research and development and more opportunities in the field.

Nano Copper Oxide Market Restraints:

Humans have experienced side effects such as nausea and vomiting after ingesting copper oxide powder or lung damage after inhaling copper oxide vapors. In most situations, such products result in copper ions emitted from copper oxide being exposed to extremely high dosages of this metal, resulting in increased copper bioavailability. On the other hand, copper is a necessary trace element for the correct operation of many tissues, including the neurological system, immunological system, heart, skin, and capillary development. Humans have an outstanding ability to receive and digest copper. However, this is not true for all animals, and certain kinds of wildlife are more susceptible to copper poisoning.

NANO COPPER OXIDE MARKET REPORT COVERAGE:

Market Segmentation:

Nano Copper Oxide Market By Type:

• Powdered

• Dispersed

The powdered type tends to hold the most prominent global nano copper oxide market during the forecast period. When shaken or tilted, a powder is a dry and bulk solid made up of many tiny particles that flow freely. Powders are a subset of granular materials, while the terms powder and granular are occasionally used interchangeably to refer to different types of materials.

Nano Copper Oxide Market By End-User:

• Paints & Coatings
• Electricals & Electronics
• Energy Storage
• Catalysts
• Others

The Electricals & Electronics category dominates the Nano Copper Oxide Market and is expected to increase at a CAGR of 22.2 percent from 2020 to 2025. Nano copper oxides' use in various industries, including magnetic storage media, semiconductors, cathodes, solar cells, and many others, has created significant economic potential for nano copper oxide manufacturers. In addition, Nano-copper oxides, utilized in supercapacitors and lithium-ion battery electrodes, are in high demand due to the growing demand for capacity storage. Furthermore, the potential for Nano Copper Oxides to replace Graphite Anodes in Lithium-Ion Batteries may increase demand for Nano Copper Oxides in the forecast period due to its high energy storage capacity, cheap costs, safety, and environmental performance. Furthermore, Nano copper oxides are projected to be in high demand in the future due to the widespread usage of lithium-ion batteries in applications ranging from electric vehicles to hybrid phones and power storage systems.

Nano Copper Oxide Market Regional Analysis: 

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa 

APAC dominated the nano copper oxide market with about 38.6%, followed by North America and Europe. However, because of increased government financing and support and technological advancements, China and Japan will hold a significant share of the electronics and electricals sector. Furthermore, in addition to rising market demand, attractive conditions for production activities have prompted global firms to make substantial investments in the APAC area. As a result, prominent and new market players are attempting to enter the industry, primarily in countries such as China, India, and others, to contribute to business growth.

The market for nano copper oxide in North America has been divided into three segments: the United States, Canada, and Mexico. In 2018, the United States had the most significant market share, followed by Canada and Mexico. Nano copper oxide is widely employed in North America, including in construction, paint and coatings, energy and power, electrical and electronics, and chemicals and materials.

Nano copper oxide is widely utilized in Europe's construction, paint and coatings, energy and power, electrical and electronics, and chemicals and materials sectors. Copper is one of the most commonly utilized essential elements in a building. It's used to make water pipes, and it's also popular as a roofing material because of its durability in adverse weather

Impact of COVID-19 on Nano Copper Oxide Market:

The COVID-19 epidemic, which primarily started in Wuhan, China, in December 2019, has quickly spread around the world. As a result, China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the United States have many confirmed cases and recorded deaths as of March 2020. According to the most recent WHO statistics, 7,127 753 confirmed cases and 407, 159 fatalities worldwide. In addition, due to lockdowns, travel bans, and business closures, the outbreak has had a negative experience on economies and businesses in various regions. Chemicals and materials are among the most affected industries, with supply chain disruptions, technology event cancellations, and office closures. In the area, the United States has the most significant number of verified COVID-19 cases. In addition, the closure of many plants and factories in the United States has a severe influence on worldwide supply chains, manufacturing and delivery schedules, and electronic goods sales. In the coming months, all of these issues are anticipated to hinder the expansion of the chemicals and materials industry in North America.

Recent Developments in the Global Nano Copper Oxide Market:

Beijing Nachen S&T Ltd. Plans to auction zinc, aluminum, and copper from reserves to rein the increase in the price.

Nano Copper Oxide Market Key Players:

The companies covered in the report include:

1. American Elements

2. Inframat Corporation

3. Hongwu International Group Ltd

4. NaBond Technologies Co., Limited

5. NANOCOMPOSIX, INC.

6. Nanoshel LLC

7. Nanostructured & Amorphous Materials, Inc.

8. PlasmaChem GmbH

9. SkySpring Nanomaterials, Inc.

10. US Research Nanomaterials, Inc.