Nano Copper Oxide Market Poised to Garner Maximum Revenues by 2022
Posted by sanjayhande on November 25th, 2019
The demand for nano copper oxide has witnessed tremendous growth driven by the penetration in electrical & electronics, paints & coatings, semiconductors, coatings, energy storage, catalysts, and others. Nano copper oxide industry players are investing immensely to find new commercial avenues for their product segments via strategic partnership and collaborations. Some of the major factors that drive the demand for nano copper oxide include upsurge in demand for electronic products, increase in demand for antimicrobial coatings, and decrease in prices of nano copper oxide. However, factors such as toxicity to human lungs and aquatic life is expected to hamper the market growth during the forecast period. Growth in research & development coupled with government subsidies and increase in number of end-user industry will provide significant opportunities to the industry players across the value chain.
A new report published by Allied Market Research titled, "Nano Copper Oxide Market by End-users - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", and projects that the world nano copper oxide market was valued at ,660 thousand in 2015 and is expected to reach 0,670 million by 2022, registering a CAGR of 25.4% from 2016 to 2022. Electricals & electronics segment is expected to remain the highest revenue-generating segment throughout the forecast period. North America held the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period.
Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/1718
In 2015, electricals & electronics was the largest end-user segment in terms of revenue with around half of the share followed by catalysts and others. In electrical & electronics end-user, nano copper oxide is mainly used in conductive coatings. Extraordinary physio-chemical properties of nano copper oxide has increased their penetration in wide array of end-user as it results in improved performance of end-products.
Key findings of the study:
In 2015, North America accounted for more than one-third of the worldwide demand for nano copper oxide and are expected to maintain their lead position throughout the forecast period. Also, Asia-Pacific is projected to be the fastest growing region, with a CAGR of 26.2% during the forecast period owing to the economic and industrial development happening in emerging economies.
Major players in the industry invest significantly on research and development to launch new commercial applications at low cost. Strategic collaborations and business expansion are the other major strategies adopted by the industry players.
The major companies profiled in the report include
Obtain Report Details: https://www.alliedmarketresearch.com/nano-copper-oxide-market
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About the Authorsanjayhande
Joined: October 17th, 2019
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