LONDON–(BUSINESS WIRE)–According to the latest market research study released by Technavio, the global gold nanoparticles market is expected to exceed USD 2.7 billion by 2019, growing at a CAGR of almost 19% during the forecast period.

This research report titled ‘Global Gold Nanoparticles Market 2015-2019’, provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecast for various market segments and all geographical regions.

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The report segments the global gold nanoparticles market by end-use and can be divided into four broad segments:

• Healthcare
• Electronics
• Catalytic activity
• Others

Gold nanoparticles market for healthcare

In terms of revenue, the global gold nanoparticles market for healthcare is expected to reach USD 1.3 billion by 2019, growing at a CAGR of over 19%.The rise of nanotechnology in medical and pharmaceutical applications is expected to boost growth in the global gold nanoparticles market. A huge quantity of gold nanoparticles are used in healthcare applications such as drug delivery, tumor detection, and electron microscopy.

According to Chandrakumar Badala Jaganathan, lead analyst at Technavio for metals and minerals, “The usage of gold nanoparticles in pharmaceutical delivery for treating tumors is anticipated to have a high impact on the market.” Gold nanoparticles are also a promising alternative for diagnosing various ailments and illnesses, including HIV/AIDS, cancer, and Alzheimer’s. It has also been shown that gold nanoparticles coupled with antimicrobials show promising anti-microbial activity. All the above factors will drive the global market for gold nanoparticles.

Gold nanoparticles market for electronics

The global gold nanoparticles market for electronics is expected to reach USD 828 million by 2019, growing at a CAGR of almost 21%.

Rising demand for miniature electronic items has led to the increased use of gold nanoparticles in the fabrication of electronic products. Gold nanoparticles have better optical and conduction properties and are gaining importance in electronics manufacturing. There is also an increase in the consumption of gold nanoparticles in electronic biosensors and miniature storage devices. These devices use inks and nanowires made of gold nanoparticles.

Gold nanoparticles market for catalytic activity

In terms of revenue, the global gold nanoparticles market is expected to exceed USD 361 million by 2019, growing at a CAGR of almost 16%.

Gold nanoparticles are known for their partial to full oxidation in chemical reactions. This property of gold nanoparticles makes them a favored option in various chemical reactions, such as the oxidation of alcohols and aldehydes, benzylic oxidation, and the transformation of amines.

It has been proved that gold nanoparticles perform better catalysis than the more widely used platinum catalysts in some oxidation reactions. It has also been observed that the usage of gold nanoparticles in oxidation changes the gold oxidation state from lower monovalent or divalent to the higher trivalent.

Gold nanoparticles market for others

The global gold nanoparticles market for others is estimated to exceed USD 254 million by 2019, growing at a CAGR of 15%.

Gold nanoparticles absorb and scatter light efficiently. They also assist in converting light into heat. These properties of gold nanoparticles can be attributed to their applications in photovoltaic cells.

“The rise in various end-use applications and the formulation of niche applications of gold nanoparticles, such as glass tinting and fruit and vegetable protection, will drive the gold nanoparticles market. Gold nanoparticles also find application in cancer imaging, spectroscopic detection, and photothermal therapy because of their optical and photothermal properties,” says Chandrakumar.

Technavio’s chemicals and materials analysts highlight the following eight vendors as the top contributors to the global gold nanoparticles market:

• BBI Solutions
• Cline Scientific
• Cytodiagnostics
• Goldsol
• Meliorum Technologies
• Nano Composix
• Sigma-Aldrich
• Tanaka Technologies

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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