Global gold nanoparticles market size is expected to reach 4.99 billion by 2020, witnessing gains at a CAGR of 24.7%. Positive outlook towards the increasing applications of nanotechnology in medical and dentistry such as drug delivery systems, nanomedicines, therapeutics is expected to drive industry demand. Global nanoparticle demand in biotechnology, drug development and drug delivery is expected to exceed USD 90 billion by 2020, growing at CAGR of 17.1% from 2014 to 2020.

With constant innovation and increasing demand for smaller, versatile and smarter devices the global electronics industry is expected to be one of the fastest growing gold nanoparticle markets. There has been a surge in demand for this technology, especially gold nanoparticle inks for storage devices, hard disks and microchips among others. These inks have also found applications in thin film transistors and photovoltaic, photo-sensors & detectors.

Stringent regulations for nanomaterials specifications and use, along with fluctuating gold prices are expected to be key challenges for industry participants over the next six years.

Browse Details of Report @ https://www.hexaresearch.com/research-report/gold-nanoparticles-industry

Key Players:
BBI Solutions, NanoSphere, Nanostellar, Sigma Aldrich Corporation, Johnson Matthey, Metalor Technologies SA and Cytodiagnostics are some of the notable participants in this industry.

Key report insights suggest:

- Global gold nanoparticles market volume is expected to reach 12.7 tons by 2020, growing at a CAGR of 23.3% from 2014 to 2020.

- Medical applications are expected to continue dominating the industry, with demand estimated to reach USD 2.6 billion by 2020, growing at a CAGR of 25.2% over the forecast period.

- Electronic applications accounted for over 21% of global volume in 2013, with demand expected to exceed 3 tons by 2020, growing at over 25%.

- North America gold nanoparticles industry revenue is estimated to reach USD 4 billion by 2020, growing at a CAGR of 22%. Demand in Europe was estimated at USD 242.1 million in 2013.

- Asia Pacific is expected to be the fastest growing regional market, with revenue estimated to exceed 1.7 billion by 2020, growing at over 28%.

Application Insights:
Medical sector was the largest application segment for gold nanoparticles market over the last few years. Increasing nano technology demand in diagnostics and photo imaging in medical sector is the key factor likely to drive the market growth in near future. Increasing R&D activities is anticipated to open new opportunities for gold nanoparticles market to enter pharmaceutical and healthcare industry over the forecast period. Gold particles are used as a conductor in electronic industry to attached small conductors and resistors in chip design.  Electronic industry has been the second largest and fastest growing application segment of gold nanoparticles over the last few years. Advancement in nanotechnology in electronic industry is the key factor expected to drive the market growth over the next six years.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/nanoparticles-industry