Metal Carbide Nanoparticles Market: Introduction
Carbides are the compounds which are composed of carbon and less electronegative element. Carbides are usually prepared from metal/ metal oxides by combining the metal with carbon at high temperatures. Metal carbide nanoparticles are used across various end-use industries, including – filtration, separation, coating materials, drug carriers, sensors, adhesives, automobiles, information and technology, micronized active particles, cosmetics, etc. Metal carbide nanoparticles have several benefits associated with them. They possess similar properties as those of metals, alloys, permanent magnets, ferromagnetic materials, etc. and exhibit good electrical conductivity and reaction kinetics.
Owing to their high performance physical, mechanical, and chemical characteristics, metal carbide nanoparticles are used in the making of super fine alloys, chip-less forming tools, corrosion resistant coatings, mining tools and equipment, and other various commercial products and components. Other properties such as high temperature oxidation resistance, toughness, good thermal conductivity make metal carbide nanoparticles a material of choice for numerous applications. Metal carbide nanoparticles, such as zirconium carbide nanoparticles also exhibit good optical and photochemical properties. They exhibit a high visible light absorption and excellent infrared reflectance. With the expansion of application portfolio, the demand for metal carbide nanoparticles is expected to increase at a significant growth rate over the forecast period of 2017–2027.
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Metal Carbide Nanoparticles Market: Dynamics
Supported by innovation in product development and application portfolio, the demand for metal carbide nanoparticles from across different end-use industries is increasing. The growing use of metal carbide nanoparticles in the automobile, manufacturing, and pharmaceutical industry is facilitating their overall market growth worldwide. Furthermore, demand of metal carbide nanoparticles for energy storage and conversion application also acts as a driver for the industry.
The metal carbide nanoparticle industry faces several process related challenges, such as, during alloying and de-alloying of metals with anode materials (such as silicon, gallium, etc.), difficulty in handling high energy density processes, etc. Large scale manufacturing, multi-step and complicated production process, high-temperature treatment, high cost, etc. are some of the other challenges that are expected to affect the growth of the global metal carbide nanoparticles market. Market players and researchers across the globe are involved to develop more efficient and commercially viable production process for metal carbide nanoparticles. Further, nano-scale developments in the automobile and other machine/ equipment component manufacturing is expected to provide significant opportunities for the global metal carbide nanoparticles market growth.
Metal Carbide Nanoparticles Market: Segmentation
Out of the many ways by which the global metal carbide nanoparticles market can be segmented is based on the product type, application, and region.
On the basis of product type, the metal carbide nanoparticles market can be segmented into – TiC (Titanium Carbide), ZrC (Zirconium Carbide), VC (Vanadium Carbide), TaC (Tantalum Carbide), and WC (Tungsten Carbide).
On the basis of application, the metal carbide nanoparticles market can be segmented into – Steel and Metallurgical, Chemical Industry, Automotive Industry, Aerospace Industry, and Others.
Metal Carbide Nanoparticles Market: Regional Outlook
The Asia Pacific region is anticipated to capture a significant share of the global metal carbide nanoparticles market, over the coming years. North America, currently, accounts for a noticeable share in the global metal carbide nanoparticles market. Moreover, high demand from end-user industries, such as pharmaceutical and automotive is likely to fuel the metal carbide nanoparticles market in the Asia Pacific and North America. Volume consumption in other regions is also expected to increase as a result of new application development.
Metal Carbide Nanoparticles Market: Market Participants
Examples of some of the market participants identified across the value chain of the global metal carbide nanoparticles market includes American Elements, US Research Nanomaterials Inc., EPRUI Nanoparticles & Microspheres Co. Ltd., Nanostructured & Amorphous Materials, Inc., Buffalo Tungsten Inc.
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