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Oct 6, 2020 10:00 AM ET

Colloidal Metal Particles Market is set for a Rapid Growth and is Expected to Reach USD 26.3 Billion by 2026

iCrowd Newswire - Oct 6, 2020

Zion Market Research has published a new report titled “Colloidal Metal Particles Market: by Type (Aluminum Oxide (Al2O3), Silver (Ag), Gold (Au), Zinc (Zn), Copper (Cu), Platinum (Pt.), Palladium (Pd), Iridium (Ir), and Silica (SiO2)) and by Application (Catalysis and Photocatalysis, Adsorbents, Drug Delivery, and Dietary Supplements): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2026.” 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.

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Chemical reduction is one of the most prevalent methods to synthesize colloidal metal particles, because of its convenient operation and simple equipment needed. 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. Colloidal metals can be of different types such as Gold, Zinc, Iridium, Fluoride, and others. The production of metal-organic frameworks (MOFs) in the form of colloids has brought a standard shift in the design of new functional porous materials. In addition to their intrinsic interest as porous solids, and contrary to their bulk powder counterparts, colloidal MOF particles can additionally be shaped, dispersed, transformed, functionalized, and assembled in a controlled manner, conferring them further properties and applications.

Based on type, the colloidal metal particle market has been classified into Aluminum Oxide (Al2O3), Zinc (Zn), Copper (Cu), Platinum (Pt.), Silver (Ag), Palladium (Pd), Iridium (Ir), Gold (Au), and Silica (SiO2). The gold colloidal particle is anticipated to bolster the market growth over the forecast timeline. Nanoparticles synthesized by the reduction of gold in aqueous phase tend to have quasi-sphere morphology as this shape presents the smallest surface area if compared to other morphologies. Typically, the suspension of spherical gold nanoparticles presents a ruby red color due to the scattering of light by the nanomaterial, but the increase in size, as well as a change in the environment surrounding the nanoparticles, may modify the optical properties of the colloid. It is possible to synthesize gold nanoparticles in various forms, including nanospheres, nanorods, nanoshells, and nanoprisms, for a wide variety of applications.

In terms of application, the colloidal metal particles market is segmented into catalysis and photocatalysis, adsorbents, drug delivery, and dietary supplements. The catalysis and photocatalysis segment is anticipated to gain traction during the forecast period. As the nanocatalysis field has undergone an explosive growth during the past decade, there have been very few studies in the area of shape-dependent catalysis and the effect of the catalytic process on the shape and size of transition metal nanoparticles as well as their recycling potential. Metal nanoparticles of different shapes have different crystallographic facets and have a different fraction of surface atoms on their corners and edges, which makes it interesting to study the effect of metal nanoparticle shape on the catalytic activity of various organic and inorganic reactions. Transition metal nanoparticles are attractive to use as catalysts due to their high surface-to-volume ratio compared to bulk catalytic materials, but their surface atoms could be so active that changes in the size and shape of the nanoparticles could occur during the course of their catalytic function, which could also affect their recycling potential.

Some key players in operating in the colloidal metal particle market are 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.

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Keywords:    Colloidal Metal Particles Market

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