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Magnetite Nanoparticles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A5493
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Market Overview:
The global magnetite nanoparticles market size reached US$ 74.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 139.2 Million by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2022
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Forecast Years
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2023-2028
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Historical Years
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2017-2022
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| Magnetite Nanoparticles Market Size in 2022 | US$ 74.2 Million |
| Magnetite Nanoparticles Market Forecast in 2028 | US$ 139.2 Million |
| Magnetite Nanoparticles Market Growth Rate 2023-2028 | 10.4% |
Magnetite nanoparticles (NPs) are structures composed of different metallic elements, such as iron, cobalt, nickel, and platinum, or metal alloys, which exhibit superparamagnetic properties at ambient temperatures. Their compact size and non-toxic properties make them viable for applications in catalysis, biosensors, ferrofluids, magnetic separations, and magnetic resonance imaging (MRI) contrast agents. Due to their high coercivity, low curie temperature, and excellent magnetic susceptibility, magnetite NPs have now become an important element in developing novel biomedical applications. They are consequently used in nanotoxicology and magnetic nanotechnology research and development (R&D) across the globe.
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Magnetite Nanoparticles Market Trends:
Magnetite NPs find extensive applications in cancer therapy, drug nanocarriers (NCs), targeted delivery systems, and diagnosis involving two guided NPs as nanoprobes and contrast agents. This, in confluence with the increasing prevalence of chronic diseases and the rising need for improved diagnostic modalities and personalized treatments, represents one of the key factors bolstering the market growth. Moreover, magnetic NPs are gaining traction in magnetic bio-separation and detection of biological entities, such as cells, proteins, nucleic acids, enzymes, bacteria, and viruses. Besides this, as the magnetic properties of magnetite NPS can efficiently remove contaminants from wastewater, they are considered suitable for wastewater treatment processes, including flocculation, demulsification, adsorption, filtration, and photocatalytic activities. In addition, rapidly diminishing freshwater resources and the growing wastewater complexities are driving the demand for magnetic NPs. Apart from this, researchers are focusing on obtaining functionalized magnetite NPs via green chemistry to reduce environmental pollution. Such developments are anticipated to aid the usage of magnetite NPs in various industrial applications and medical practices to improve the quality of life of the patients.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global magnetite nanoparticles market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, physical form and application.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Iron Based
- Cobalt Based
Breakup by Physical Form:
- Nanopowder
- Solution
- Dispersion
Breakup by Application:
- Bio-medical
- Electronics
- Wastewater Treatment
- Energy
- Others
Breakup by Region:
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- 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:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Elements, Cytodiagnostics Inc., Merck KGaA, Nano Research Elements Inc., nanoComposix (Fortis Life Sciences), Nanografi Nano Technology, Nanoshel LLC, Reade International Corp., SkySpring Nanomaterials Inc., Strem Chemicals Inc. and US Research Nanomaterials Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Type, Physical Form, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | American Elements, Cytodiagnostics Inc., Merck KGaA, Nano Research Elements Inc., nanoComposix (Fortis Life Sciences), Nanografi Nano Technology, Nanoshel LLC, Reade International Corp., SkySpring Nanomaterials Inc., Strem Chemicals Inc. and US Research Nanomaterials Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global magnetite nanoparticles market was valued at US$ 74.2 Million in 2022.
We expect the global magnetite nanoparticles market to exhibit a CAGR of 10.4% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for magnetite nanoparticles.
The rising demand for magnetite nanoparticles in developing novel biomedical applications, owing to their high coercivity, low curie temperature, and excellent magnetic susceptibility properties, is primarily driving the global magnetite nanoparticles market.
Based on the type, the global magnetite nanoparticles market can be segmented into iron based and cobalt based. Currently, iron based holds the majority of the total market share.
Based on the physical form, the global magnetite nanoparticles market has been divided into nanopowder, solution, and dispersion. Among these, nanopowder currently exhibits a clear dominance in the market.
Based on the application, the global magnetite nanoparticles market can be categorized into bio-medical, electronics, wastewater treatment, energy, and others. Currently, bio-medical accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global magnetite nanoparticles market include American Elements, Cytodiagnostics Inc., Merck KGaA, Nano Research Elements Inc., nanoComposix (Fortis Life Sciences), Nanografi Nano Technology, Nanoshel LLC, Reade International Corp., SkySpring Nanomaterials Inc., Strem Chemicals Inc., and US Research Nanomaterials Inc.
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