Global Industry Analysts, Inc (GIA) has announced the release of a trend report on the global market for nanopowders. The focused research paper provides an insight into the various products, applications, future prospects, and corporate initiatives of key companies worldwide.
The term nanopowder refers to a finely powdered substance made of various materials such as metals and their alloys on nanoscale.
The report states that the market is expected to witness growth encouraged largely by advancements in synthesis of nanometric powders and other effervescent technology developments in Powder Metallurgy. Steady demand from various end-use sectors such as consumer electronics, industrial electronic equipment, and microelectronics, also bodes well for the market growth.
Despite the opportunities for growth offered, the market is expected to confront challenges manifested in the form of high manufacturing costs. Raw materials used in production of nanopowders such as reagents, reductive agents, and auxiliary substances, among others, are often expensive thus resulting in high market prices of nanopowders. This thereby intensifies the competition offered by low priced substitutes, states the report.