San Francisco, California (PRWEB) November 25, 2014
Increasing penetration of nanotechnology in medical and pharmaceutical applications is expected to drive global nanoparticles market demand. Increasing preference for compact electronic devices has prompted the demand for gold nanoparticles in electronics manufacturing. Growing significance of gold nanoparticles in electronic devices can be attributed to its superior optical and conduction properties. This trend is expected to drive its demand in electronic devices over the next six years. Gold nanoparticles tend to conduct light and convert it into heat; this property of gold nanoparticles can be credited to its growing importance in photovoltaic applications such as solar cells & panels.
For more information on Global Gold Nanoparticles Market Research Report, visit – http://www.grandviewresearch.com/industry-analysis/gold-nanoparticles-industry
Gold nanoparticles are widely used in chemical reactions as a catalyst due to their selective oxidation properties. A significant chunk of gold nanoparticle market consumption is used for medical and healthcare applications such as drug delivery systems, tumor detection and in electron microscopy. Increasing preference for gold nanoparticles in pharmaceutical drug delivery systems for treating cancer is expected to have a positive impact on the market. However, biocompatibility of gold has been an issue challenging the market growth. Increasing R&D by companies to engineer biocompatible gold nanoparticles through green chemistry is expected to provide opportunities to market participants.
The global gold nanoparticles market is still in its infancy with huge potential over the next six years. Companies have been striving to conduct intensive R&D to develop novel applications of gold nanoparticles. Some of the companies operating in the gold nanoparticles market include BBI International, Tanaka, Metalor and Nanopartz Inc.
To request TOC of Global Gold Nanoparticles Market Research Report, visit – http://www.grandviewresearch.com/industry-analysis/gold-nanoparticles-industry
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