According to the latest report by IMARC Group, “Global Magnetite Nanoparticles Market Share, Size, Growth, Industry Trends, Opportunity and Forecast 2023-2028“, 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.
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.
Global Magnetite Nanoparticles Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Magnetite Nanoparticles Companies:
Nano Research Elements Inc., nanoComposix (Fortis Life Sciences), Nanografi Nano Technology, Nanoshel LLC, American Elements, Cytodiagnostics Inc., Merck KGaA, Reade International Corp., SkySpring Nanomaterials Inc., Strem Chemicals Inc. and US Research Nanomaterials Inc.
The report has segmented the market on the basis of type, physical form, application and region.
Breakup by Type:
• Iron Based
• Cobalt Based
Breakup by Physical Form:
Breakup by Application:
• Wastewater Treatment
Breakup by Region:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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