The nanocopper oxide market was valued at US$ 75,937.5 thousand in 2018 and is projected to reach US$ 251,148.8 thousand by 2027; it is expected to grow at a CAGR of 14.4% from 2019 to 2027.
American Elements, Hongwu International Group Ltd, Inframat Corporation, nanoComposix, Nanoshel LLC, Nanostructured & Amorphous Materials, Inc., PlasmaChem GmbH, SkySpring Nanomaterials Inc., Strem Chemicals Inc., and US Research Nanomaterials, Inc. are among the well-established players present in the global nanocopper oxide market.
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COVID-19 outbreak first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. As of March 2020, China, Italy, Iran, Spain, Republic of Korea, France, Germany, and the US are among the worst affected countries in terms of positive cases and reported deaths. The outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry is one of the major industries that are facing serious disruptions such as factories shutdown, supply chain breaks, events cancellations, and office shutdowns as a result of this outbreak.
Adoption of metal oxide nanoparticles in paints & coatings applications is expected to escalate the global nanocopper oxide market at a CAGR of 14.4%
The nanocopper oxide is defined as a red or brown-black colored nanomaterial which is available in various forms and is used to meet the need of the diversified application-base. These nanoparticles are known to possess several chemical and physical features which include antimicrobial and antibiocide properties, coupled with photovoltaic properties, relatively stability, and superconductivity. These nanomaterials are generally used in small quantity to boost the performance of the end-product and are considered to be advanced cost-efficient solutions. Therefore, these are used to manufacture batteries, semiconductor devices and equipment, gas sensors, microelectronics, and other equipment. Through extensive research and development activities, these nanoparticles have found applications in biomedical, agricultural, textile, and other relevant industries.
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