Magnetic Nanoparticles Market Rugged Expansion Foreseen by 2025 19th June

Magnetic Nanoparticles Market Rugged Expansion
Foreseen by 2025
Nanoparticles are particles that have at least one dimension in a nano scale. They have properties different
from their own macro scale properties. Magnetic nanoparticles are particles whose properties can be
manipulated upon exposure to a magnetic field. Magnetic nanoparticles find application in material science,
magnetic fluid recording, catalysis, bio-medicines, etc. There are various methods of synthesizing magnetic
nanostructures, some of them are: chemical synthesis, thermal decomposition and template assisted
fabrication. Template assisted fabrication has an advantage over chemical synthesis. The synthesis method
defines the shape, size, magnetic property and surface chemistry of the magnetic nanoparticle. Magnetic
nanoparticles can show any one of these magnetic behaviors – diamagnetism, paramagnatism,
antiferromagnetism and ferromagnetism. Magnetite is a common example of a magnetic nanoparticle and it
is used in many applications, due to its supermagnetic behavior. However, at the same time it is sensitive to
oxidation & agglomeration, which can be prevented by various coatings.
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Nanoparticles have a metallic core and shell. They have higher magnetization and stability in acidic, basic or
organic solvents in comparison to ferrite.
Magnetic Nanoparticle Market: Dynamics
Growth of the magnetic nanoparticle market is expected to gear up, due to the application of these particles
in various fields, such as the medical industry for drug delivery, drugs & therapy, in vivo imaging, nano
fluids, biomedicine, data storage, and microfluidics. Increasing research activities are expected to stimulate
growth of the magnetic nanoparticle market in developed countries, mainly Latin America, Eastern Europe,
Western Europe and Japan, due to the monetary grants provided by various sources.
Various companies use magnetic nanoparticles for various applications. Sigma Aldrich has started
manufacturing magnetic nanoparticles solutions and nanopowders. For example: Manganese iron oxide
nanopowder (50 nm avg) and Iron carbon coated magnetic nanopowder (25 nm avg). Turbobead has started
manufacturing turbobeads that are mainly used for separation processes in different fields. This growth in the
manufacturing market is expected to translate to subsequent exponential growth in the magnetic nanoparticle
market.
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In the medical industry, continuous research and development towards magnetic resonance imaging for the
treatment of cancerous cells is expected to lead the magnetic nanoparticle market. It is expected that the
electronics industry will claim a major share in the magnetic nanoparticle market, due to the high utilization
of these particles in the electronics industry. Iron oxide (magnetite) nanoparticles, due to their high
supermagnetic, non-toxic and easy degradability properties are widely used in magnetic storage devices and
magnetic resonance imaging in the medical industry. Iron oxide nanoparticles are also used in the treatment
of cancer by injecting ferrofluids that contain these particles.
For energy storage applications, Fe3O4 and other materials are used to improve the efficiency of Li-ion
batteries. Attributing to the inclination of people towards highly efficient devices, the energy storage industry
is expected to boost the magnetic nanoparticle market.
Nano powders and solutions containing nanoparticles are widely used in separating contaminants from water
as nanoparticles provide high surface area and recyclability. This has spurred research activities in the
magnetic nanoparticle market.