Market Overview 2022-2027:
The latest research study “Magnetite Nanoparticles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds the global magnetite nanoparticles market reached a value of US$ 65.84 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 126.11 Million by 2027, exhibiting a CAGR of 10.80% during 2022-2027.
Industry Definition and Application:
Magnetite nanoparticles (NPs) are structures formed of various metallic elements such as metal alloys or iron, nickel and platinum, and cobalt, which possess super magnetic properties at ambient temperatures. These NPs find applications in magnetic resonance imaging (MRI) contrast agents, catalysis, ferrofluids, magnetic separations, and biosensors due to their miniature size and non-toxic properties., They have also become a vital element for the development of biomedical applications on account of their low curie temperature and excellent magnetic susceptibility. As a result, they are helpful in magnetic nanotechnology and nanotoxicology research and development.
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One of the key factors driving the market is the substantial usage of magnetite NPs in cancer therapy, targeted delivery systems, diagnosis involving two guided NPs as nanoprobes and contrast agents and drug nanocarriers (NCS). In addition, the rise in the pervasiveness of chronic diseases and the increase in the demand for better diagnostic modalities and treatments are propelling the market growth. Furthermore, magnetite NPs are widely applied in magnetic bio-separation and detection of biological entities, such as enzymes, bacteria, viruses, proteins, cells and nucleic acids.
Moreover, magnetite NPs are widely utilized in wastewater treatment processes, such as filtration, demulsification, flocculation, adsorption and photocatalytic activities, as they are able to remove the contaminants from wastewater. As a result, rapidly declining freshwater resources and the rise in wastewater complexities are catalyzing the product demand. Apart from this, the focus of the researchers on attaining functionalized magnetite NPs via green chemistry to lessen environmental pollution is influencing the market growth.
|Magnetite Nanoparticles Market Report Scope|
|Market size value in 2021||US$ 65.84 Million|
|Market forecast in 2027||US$ 126.11 Million|
|Growth Rate||CAGR of 10.80% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Physical Form, Application and Region|
The report has been segmented the market into following categories:
Breakup by Type:
- Iron Based
- Cobalt Based
Breakup by Physical Form:
Breakup by Application:
- Wastewater Treatment
Breakup by Geography:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- American Elements
- Cytodiagnostics Inc.
- Nanografi Nano Technology
- Nanoshel LLC
- Reade International Corp.
- SkySpring Nanomaterials Inc.
- Merck KGaA
- Nano Research Elements Inc.
- nanoComposix (Fortis Life Sciences)
- Strem Chemicals Inc.
- US Research Nanomaterials Inc.
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