Global Colloidal Selenium Nanoparticles Market to Exceed USD 475 Million By 2026

June 02, 2020

According to the research report titled ‘Colloidal Selenium Nanoparticles Market Size By Grain Structure (Spherical, Rod), By Purity (2N, 3N , 4N, 5N), By Application (Medical, Food, Electronics, Chemical), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report LLC, global colloidal selenium nanoparticles (SeNP)market is expected to surpass USD 475 million by the year 2026.

Colloidal selenium nanoparticles provide antibacterial, antioxidant, therapeutic and anticancer properties which make them highly desirable for cancer care. Extensive use of product in food additives and medical implant & devices applications is driving the growth of colloidal selenium nanoparticles market.

Advancements in semiconductor and solar cell fields coupled with increasing utilization of colloidal SeNP for conducting various experiments is further aiding the market expansion. Shifting focus towards curing & preventing cancer coupled with increasing awareness regarding safety risks of nanotechnology are also stimulating the industry outlook. However, high costs of colloidal SeNP may act as a restraining factor to the overall market size.

As per grain structure, spherical grain segment is estimated to be worth USD 350 million by the year 2026. These products provide superior colloidal stability and exceptional settling efficiency.

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By purity grade, 2N segment is projected to expand significantly during the study period, since it is affordable as compared to its counterparts. Parallelly, 3N colloidal selenium nanoparticles market segment is expected to generate revenues worth USD 245 million by the year 2026.

Based on the application spectrum, medical segment is slated to record a y-o-y growth rate of 30% during 2019-2026. The product is not only used as a drug delivery agent but also widely adopted in cancer treatment procedures.

As per the regional scope, North America colloidal SeNP industry is anticipated to cross USD 100 million by the year 2026, with U.S. standing tall in the regional hierarchy. Increasing healthcare expenditure and advancements in nanotechnology are promoting the business outlook in North America.

Meanwhile, Asia-Pacific market is expected to grow significantly during the study period, primarily due to booming electronics & semiconductor industry.

The major companies in colloidal selenium nanoparticles industry are Nanocs, American Elements, Nano Research Elements, Nanoshel and Land Green & Technology among others.

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