According to the report, the Colloidal Metal Particles market accounted for USD 14.1 Billion in 2018 and is expected to reach USD 26.3 Billion by 2026, growing at a CAGR of around 8.1% between 2019 and 2026.
Colloidal Metal Particles Market
The global colloidal metal particle market valued US$ 14.1 Billion in 2018 and is anticipated to reach US$ 26.3 Billion in 2026 at a CAGR of 8.1%. The report covers assessment and analysis for the colloidal metal particles market on a global and regional level. The study offers a broad valuation of the market, opportunities, rivalry, emerging trends, and industry-validated market numbers. The research report presents remarkable data from 2016, 2017, & 2018 along with estimation from 2019 to 2026 based on revenue (USD Billion).
Colloidal metal particles are primarily used as the catalysts. They have their particle sizes ranging from 1-100nm. Colloidal metal particles are used in drug delivery applications and also in dietary supplements used directly, or in combination with other ingredients.
Based on type, the global colloidal metal particles market has been classified into Aluminum Oxide (Al2O3), Silver (Ag), Gold (Au), Zinc (Zn), Copper (Cu), Platinum (Pt.), Palladium (Pd), Iridium (Ir), and Silica (SiO2). Gold colloidal metal particle accounted for the highest market share in terms of value in 2018. This can be attributed to the vast discrepancy in terms of the price. Silver colloidal metal particles also hold a significantly market share. The silver colloidal particle has proved to be quite effective against allergic and pathogenic infections. They are also effective in the treatment of skin conditions such as chickenpox, acne, etc.
On the basis of application, the global colloidal metal particle market is segmented into catalysis and photocatalysis, adsorbents, drug delivery, and dietary supplements. The catalysis and photocatalysis segment holds one of the largest market shares in terms of value. The usage of colloidal metal as a catalyst is gaining traction owing to their better surface area to volume ratio which increases their efficiency in controlled reactions. Moreover, the rising demand from several end-use industries is further anticipated to fuel the segment growth over the forecast timeline.
Asia-Pacific led by China is anticipated to remain a prominent region for the growth of the global colloidal metal particle market in terms of consumption over the forecast timeline. North America and Europe have shown remarkable growth over a couple of years in the global colloidal metal particles market.
The colloidal metal particles market is highly consolidated, with major players including BBI Solutions, SunForce Health & Organics Inc., W. R. Grace & Co.-Conn., IMRA America, Inc., TANAKA HOLDINGS Co., Ltd., Nouryon, Evonik Industries AG, and Purest Colloids, Inc. The major tactics implemented by these leading companies in the market are agreements, new Type launches, partnerships, mergers & acquisitions. These companies are focusing on investment in collaborations, evolutions, and expansions to increase their market share.