Increasing demand for magnesium oxide nanoparticles from furnace linings, pharmaceuticals, food additives, and construction &ceramics application is projected to positively impact the market growth. The growing use of titanium oxide nanoparticles in healthcare and the pharmaceutical industry is further expected to foster market growth. Therefore, the aforementioned application of nanoparticles is expected to bolster the market growth of the metal and metal oxide nanoparticles.
The growing use of zinc oxide nanoparticles from the healthcare industry for the development of the anticancer drug, antibacterial, bio sensing products, and cell imaging, gene delivery is expected to offer new avenues to the market. Moreover, the growing disposable income of the populations is increasing their purchasing power which is creating demand for various consumer products is further expected to provide potential opportunities to the market of metal and metal oxide nanoparticles.
The volatile price of zinc and several environmental hazards associated with the zinc as it is insoluble in water is expected to restrict the market growth of the metal and metal oxide nanoparticles. Moreover, excessive inhalation of zinc may metal fume fever which is further expected to restrict the market growth of the metal and metal oxide nanoparticles.
Increasing demand for metal oxide nanoparticles from Asia pacific region is a major trend in the market due to the growth of the manufacturing industries. Growth in research &development activities supports favorable government regulations for developing advanced metal oxide nanoparticles with improved properties is expected to augment the market growth. Moreover, the growing demand for metal oxide nanoparticles from adhesive &sealants, plastic, and glass is also expected to accelerate the market growth of the metal and metal oxide nanoparticles