June 23, 2021 19:45 ET | Source: United Market Research United Market Research
Portland, Oregon, June 23, 2021 (Global News Agency)-According to a report released by the United Market Research Corporation, the Indian nano-gold market was estimated at US$201.4 million in 2019 and is expected to reach 499.7 million by 2027 USD, the compound annual growth rate is 17.0% from 2020 to 2027. The report analyzes in detail the top investment areas, top winning strategies, driving factors and opportunities, market size and estimates, competitive landscape, and changing market trends.
The increasing demand for nano-gold in the electronics and healthcare industries and the advantages associated with gold nanoparticles have driven the growth of the Indian nano-gold market. On the other hand, the government's supervision of environmental pollution has hindered growth to a certain extent. However, with increasing awareness and trends in biosynthetic methods, as well as the use of nano-gold in healthcare and electronic applications, it is expected to create lucrative opportunities for the industry.
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The types, diameters, applications and end users of the Indian nano-gold market are analyzed. Divided by type, the water-soluble segment accounted for more than two-fifths of the total market share in 2019 and is expected to lead by the end of 2027. On the other hand, the oil-soluble market segment will register the fastest compound annual growth rate during the forecast period of 17.3%.
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According to the diameter size, the market segment of less than 40 nm accounted for more than half of the total market revenue in 2019 and is expected to dominate by 2027. The same market segment will also achieve the fastest compound annual growth rate of 18.1% throughout the forecast period.
From the perspective of application, the in vitro diagnostic market segment accounted for more than one-fifth of the total market share in 2019, and it is expected to maintain the largest share by 2027. The same market segment will also experience the fastest compound annual growth rate of 19.5% between 2020 and 2027.
The main market participants analyzed in the Indian Nano Gold Market report include Nanocomposix, Blacktrace Holdings Ltd, Indian Platinum Private Limited, Aritech Chemazone Pvt Ltd, Merck KGaA, Mincometsal, Nano Labs, Nanoshel LLC, Techinstro and Thermo Fisher Scientific.
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