Magnetite Nanoparticles Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 10.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Magnetite Nanoparticles Market Analysis
The market for magnetite nanoparticles is expected to grow at a CAGR of over 10% during the forecast period.
COVID-19 has impacted negatively on the global magnetite nanoparticles market. However, the growing electronics industry post-pandemic has increased the consumption of magnetite nanoparticles in electronic products.
- Major factors driving the market studied are the growing demand for magnetite nanoparticles in the wastewater treatment sector and the rising demand from the electronics segment.
- On the flip side, uncertainty and volatility in raw material prices are the major restraints expected to hinder the market's growth.
- Increasing penetration of magnetite nanoparticles in the bio-medical industry is expected to offer various lucrative opportunities for market growth.
- North America region dominated the magnetite nanoparticles market across the globe with the largest consumption from countries such as the United States and Canada.
Magnetite Nanoparticles Market Trends
This section covers the major market trends shaping the Magnetite Nanoparticles Market according to our research experts:
Increasing Demand from Bio-medical Industry
- Magnetite nanoparticles are the type of nanoparticles that can be manipulated using a magnetic field. They are non-toxic and exhibit superparamagnetic properties.
- The growing demand for magnetite nanoparticles on account of rising penetration in the medical industry for drug delivery, microfluidics, and in magnetic resonance imaging (MRI) is expected to propel the magnetite nanoparticles market during the forecast period.
- Furthermore, magnetite nanoparticles are used in superparamagnetic relaxometry (SPMR), which is expected to further increase the demand for magnetite nanoparticles and stimulate its market during the forecast period.
- Additionally, increments in life-threatening and chronic diseases are further expected to positively impact the magnetite nanoparticles market owing to their usage in the diagnosis and treatment of medical conditions like cancer and brain tumor.
- The magnetic resonance imaging (MRI) market is projected to grow at a CAGR of over 5% during the forecast period and is expected to reach USD 8 billion by 2027. This is likely to provide ample opportunities for the magnetite nanoparticles market to grow during the forecast period.
- Owing to all the above mentioned factors for magnetite nanoparticles, its market is expected to grow rapidly over the forecast period.
North America Region to Dominate the Market
- North America region is expected to dominate the market for magnetite nanoparticles during the forecast period. The demand for magnetite nanoparticles is expected to increase in countries like the United States, Canada, and Mexico.
- Magnetite nanoparticles are used as nanowires, spintronics, and quantum dots in the nanoelectronics industry. Owing to this, the demand for magnetite nanoparticles is expected to increase in the region.
- Furthermore, the demand for magnetite nanoparticles is expected to further increase owing to their usage in wastewater treatment in high gradient magnetic separation (HGMS) techniques due to their high adsorption properties, thus propelling the magnetite nanoparticles market in the region.
- The North American wastewater treatment service market is expected to grow at a CAGR of over 3% during the forecast period. This is likely to provide lucrative opportunities for the growth of the market as the magnetite nanoparticles are used for water purification by helping in settling down of suspended particles in contaminated water to the bottom of fluid so that they can be removed and magnetite nanoparticles are recycled and reused.
- According to the Consumer Technology Association, the retail revenue from consumer electronics/technology sales in the United States was estimated at USD 461 billion in 2021, thereby enhancing the consumption of magnetite nanoparticles from the electronics segment of the country.
- The healthcare sector in the United States is one of the most advanced sectors in the country. For 2020-2027, national healthcare spending is projected to grow at an average of 5.7% and reach approximately USD 6 trillion by 2027.
- In 2021, the Mexican government has launched at least 38 infrastructure tenders for the construction, modernization, or rehabilitation of wastewater treatment plants. In the 2021 federal budget, the administration proposed allocating 2 billion pesos (USD 99 million) to Proagua, thereby increasing the demand for water treatment systems. Considering the usage of magnetite nanoparticles in water treatment, the demand scenario might increase due to these factors.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for magnetite nanoparticles during the forecast period.
Magnetite Nanoparticles Industry Overview
The magnetite nanoparticles market is consolidated with top players accounting for a significant market share. Some of the key companies in the market include Sigma-Aldrich (Merck KGaA), Cytodiagnostics Inc., American Elements, Fortis Life Sciences, and US Research Nanomaterials, Inc. (not in particular order).
Magnetite Nanoparticles Market Leaders
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US Research Nanomaterials, Inc.
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American Elements
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Cytodiagnostics Inc.
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Fortis Life Sciences
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Sigma-Aldrich (Merck KGaA)
*Disclaimer: Major Players sorted in no particular order
Magnetite Nanoparticles Market News
- In November 2022, Ascensus Specialties LLC announced its acquisition of the business and certain assets of Strem Chemicals UK, the independent distributor of Ascensus high-purity, research-grade catalysts, ligands, organometallics, metal carbonyls and CVD/ALD precursors for the UK market.
- In July 2022, Fortis Life Sciences announced its acquisition of nanoComposix. Fortis Life Sciences is emerging as a new force in the field of magnetic particle development and manufacturing.
Magnetite Nanoparticles Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Demand from Electronics Industry
4.1.2 Growing Demand for Magnetite Nanoparticles in Wastewater Treatment Sector
4.2 Restraints
4.2.1 Uncertainty and Volatility in the Raw Material Prices
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Application
5.1.1 Biomedical
5.1.2 Electronics
5.1.3 Waste Water Treatment
5.1.4 Energy
5.1.5 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 Italy
5.2.3.4 France
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 American Elements
6.4.2 Cytodiagnostics Inc
6.4.3 Fortis Life Sciences
6.4.4 Nanografi Nano Technology
6.4.5 Nanoshel LLC
6.4.6 NNCrystal US Corporation
6.4.7 Reade International Corp.
6.4.8 Sigma-Aldrich, Inc.
6.4.9 SkySpring Nanomaterials, Inc.
6.4.10 Strem Chemicals, Inc.
6.4.11 US Research Nanomaterials, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Penetration of Magnetite Nanoparticles in Bio-medical Industry
7.2 Other Opportunities
Magnetite Nanoparticles Industry Segmentation
Magnetic nanoparticles are a class of nanomaterials composed of metals such as nickel, cobalt, and iron, with ferromagnetic, paramagnetic, or superparamagnetic properties. It has been widely used in biomedicine, including drug delivery, hyperthermia, magnetic resonance imaging, and cell isolation. The market is segmented into application and geography. By application, the market is segmented into bio-medical, electronics, wastewater treatment, energy, and other applications. The report also covers the market size and forecasts for magnetite nanoparticles in 15 countries across major regions. The market sizing and forecasts for each segment have been done based on revenue (USD million).
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| Biomedical | |
| Electronics | |
| Waste Water Treatment | |
| Energy | |
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Magnetite Nanoparticles Market Research FAQs
What is the current Magnetite Nanoparticles Market size?
The Magnetite Nanoparticles Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Magnetite Nanoparticles Market?
US Research Nanomaterials, Inc. , American Elements, Cytodiagnostics Inc., Fortis Life Sciences and Sigma-Aldrich (Merck KGaA) are the major companies operating in the Magnetite Nanoparticles Market.
Which is the fastest growing region in Magnetite Nanoparticles Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Magnetite Nanoparticles Market?
In 2024, the North America accounts for the largest market share in Magnetite Nanoparticles Market.
What years does this Magnetite Nanoparticles Market cover?
The report covers the Magnetite Nanoparticles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Magnetite Nanoparticles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Magnetite Nanoparticles Industry Report
Statistics for the 2024 Magnetite Nanoparticles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Magnetite Nanoparticles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
