Metal Nitride Nanoparticles Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027


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Global Metal Nitride Nanoparticles Market: Snapshot

Over the past decade, a rapid focus has emerged in the sector of catalysts doped with nitrogen, especially after the successful synthesis of new carbon nanostructures. In these structures, it is easy to insert nitrogen as heteroatoms as they exhibit similar properties than carbon. Moreover, as a doping agent nitrides provide new opportunities in the domain of catalysis. Since nitrides poses optimal reactant adsorption along with staggering electron density that can improve catalytic performance as a result of better dispersion of active phase and dynamic electronic properties, the global metal nitride nanoparticles market.

Today transition metal nitrides are conventionally used as a catalysts in numerous reactions for example ammonia synthesis and hydrodesulfurization. However, new roadblock restricts researchers to find active and selective catalysts that can be used in the fields of energy or biomass. This also includes reaction processes such as water-gas shift, hydrogenation of Carbon Monoxide and Carbon Dioxide and others. Thought there are challenges but lucrative opportunities are luring new players in the global metal nitride nanoparticles market.

What Drives the Revenue for Global Metal Nitride Nanoparticles Market?

  • The increased demand for semiconductors that are size and shape dependent along with physical properties that can support high power supply, is the major fuel for the growth of global metal nitride nanoparticles market.
  • Rapidly growing demand for surface-to-volume is various semiconductor devices that are responsible nanoparticle synthesis is also a crucial parameter that is propelling the growth of global metal nitride nanoparticles market these days.

A nitride can be classified as a chemical compound, which is the combination of nitrogen and an element with similar or less electronegativity as compared to nitrogen, such as, silicon, boron, etc. Nitrides can be categorized in three main categories, namely Ionic (alkali metals), interstitial (transition metals), and covalent (depends on the element).There are some metal nitrides which are unstable and react with water to form ammonia along with an oxide or a hydroxide of the metal. Nitrides of some metals, such as boron, vanadium, silicon, titanium, and tantalum exhibit high refractory nature and are hard and resistant to chemical attack. Metal nitrides can be formulated by two major techniques. One technique include the direct reaction of the elements while the other include through the loss of ammonia by thermal decomposition of a metal amide. When the metal nitrides are prepared and used in the nanometer range i.e. 1nm to 100 nm, they are classified as the metal nitride nanoparticles. With high R&D activities and developments in the direction for developing novel products with superior characteristics, the usage of metal nitrides on the nanoparticle scale is gaining traction and their demand is expected to increase significantly over the forecast period of 2017–2027.

Metal Nitride Nanoparticles Industry: Market Dynamics

There is an increased demand for size dependent and shape dependent physical properties of semiconductors in the optoelectronics sector. The demand for surface-to-volume ratio in semiconductor devices, which are responsible for the synthesis of nanoparticles is also rising. Metal nitride nanoparticles are finding applications in metallurgical and wear resistant coatings owing to their reliability. The above mentioned factors are expected to be the key drivers for the metal nitride nanoparticles market. Factors, such as instability in aqueous media, difficulty in orientation growth, toxicity, difficulty in scale-up, and safety of large-scale particle are some of the challenges faced by the metal nitride nanoparticles market. A primary challenge is to design magnetic nitride nanoparticles with effective surface coatings to provide optimum performance in both the biological applications, i.e. in vitro (studies performed with microorganisms) and in vivo (studies performed with humans, plants, and dead organisms).

Cost limitations and supply chain challenges are factors considered to be major restraints for the metal nitride nanoparticles market. Also, synthesis of metal nitride nanoparticles is relatively limited to the synthesis of metal oxide nanoparticles, because non-oxygen holding precursors and nitrogen sources as well as solvents are required. This process is expected to act as another restraint for the metal nitride nanoparticles market growth. Emergence of Transition Metal Nitrides (TMNs) as active materials, i.e. electrocatalysts, can create opportunities for application in fuel cells, because of their high electrical conductivity, superior reactivity, and strong mechanical properties. A trend observed in the metal nitride nanoparticles market is innovation in different types of techniques, including noble polymer coating, molecular coating, silica coating, metal coating, etc.

Metal Nitride Nanoparticles: Market Segmentation

Out of the many ways by which the metal nitride nanoparticle market can be segmented is on the basis of product type and application.

On the basis of product type, the metal nitride nanoparticles market can be segmented as the following:

  • WN (Tungsten Nitride)

  • TiN (Titanium Nitride)

  • AlN (Aluminum Nitride)

  • CrN (Chromium Nitride)

  • Others (Hafnium Nitride, Vanadium Nitride, Zirconium Nitride, etc.)

On the basis of application, the metal nitride nanoparticles market can be segmented as the following:

  • Refractory Ceramics

  • Metallurgical and Chemicals

  • Wear Resistant Coatings

  • Industrial Catalysts

  • Semiconductor Devices, etc.

Metal Nitride Nanoparticles Market: Regional Outlook

A significant share of the metal nitride nanoparticles market is captured by the Asia Pacific region in the terms of volume consumption as well as production. In the Asia Pacific region, China holds a relatively high number of manufacturers. North America is also another key region in the global metal and metal nitrides nanoparticles market. Additionally, in the Asia Pacific and North America regions, there is an increasing demand from the end-user side for semiconductor devices and wear resistant products. This demand is forecasted to fuel the market for metal nitride nanoparticles in the respective regions.

Metal Nitride Nanoparticles Market: Market Participants

Examples of some of the market participants in the metal nitride nanoparticles market identified across the value chain are American Elements, Strem Chemicals, Inc., EPRUI Nanoparticles & Microspheres Co. Ltd., and Nanostructured & Amorphous Materials, Inc.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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