According to IMARC Group’s latest report, titled “Global Magnetite Nanoparticles Market Growth, Share, Size, Industry Trends, Opportunity and Forecast 2022-2027", 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.
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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Magnetite Nanoparticles Market Trends:
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 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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The report has segmented the market on the basis of region, type, physical form and application.
Breakup by Type:
Breakup by Physical Form:
Breakup by Application:
Breakup by Geography:
Key highlights of the report:
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