Magnetite Nanoparticles Market Overview
The global magnetite nanoparticles market size reached US$ 81.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 191.4 Million by 2032, exhibiting a growth rate (CAGR) of 9.6% during 2024-2032.
Magnetite Nanoparticles Companies
Magnetite nanoparticles are very small particles composed of menagerie that is naturally occurring iron oxide having high magnetic characteristics. These magnetic nanoparticles usually have a size of 1-100 nanometers and offer different magnetic properties compared to their bulk analogs primarily because they are sized and have a high surface area to volume ratio. Magnetic iron nanoparticles such as magnetite have attracted attention in many areas because they are superparamagnetic: they can effectively be magnetized in the presence of a magnetic field; however, when the field is withdrawn, they do not display residual magnetism. These traits make them suitable for uses in the biomedical field which include MRI contrast agents, targeted drug delivery approach, and cancer therapy using hyperthermia. At present, magnetite nanoparticles find extensive applications for environmental cleaning to pull out contaminants in water and other industrial processes. These chemical and physical characteristics make separation and recovery from groups of similar materials easily achievable using external magnetic forces.
Top 11 Magnetite Nanoparticles Companies in the World:
- American Elements
- Cytodiagnostics Inc.
- Merck KGaA
- Nano Research Elements Inc.
- nanoComposix (Fortis Life Sciences)
- Nanografi Nano Technology
- Nanoshel LLC
- Reade International Corp.
- SkySpring Nanomaterials Inc.
- Strem Chemicals Inc.
- US Research Nanomaterials Inc.
Technological enhancements in the field of nanotechnology and material sciences have led to a better and cheaper way of manufacturing MNPs hence reducing entry barriers and increasing the market opportunities. Apart from this, networks of cooperation with academic institutions, research centers, and other industry members allow corporations to gain access to innovative research, and technological and knowledge advancements which are essential for innovation and product creation. For instance, In October 2023, researchers from the Indian Institute of Science Education and Research (IISER) Bhopal achieved a significant breakthrough with magnetic nanoparticles. This innovation focuses on the development and application of magnetite nanoparticles (MNPs) for various cutting-edge technologies. The IISER Bhopal team has advanced the synthesis process, enhancing the magnetic properties and stability of MNPs, making them more efficient for industrial and biomedical applications. Moreover, recently ACS Publications featured a research work showing that Fe3O4 NP catalysts can be reused for selective oxidation of alcohols under microwave irradiation. This work highlights the fact that Fe3O4 NPs can be used effectively as a catalyst in chemical reactions, especially in green chemistry. The research indicated that these nanoparticles enable high selectivity and conversion of various alcohols to aldehydes and ketones with limited formation of by-products. As a result, factors such as research and development, regulatory compliance, and market opportunity are favorable for the growth of magnetite nanoparticle companies.
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