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The global market for magnetite nanoparticles is anticipated to grow in the forecast period owing to the factors like widespread applications in various end-use industries, growing inclination of people towards highly efficient devices, and the increased focus on research pertaining to nanotechnology. The expanding e-retail channels like Amazon (NASDAQ: AMZN) for its downstream products is also propelling the industry growth as the online retail stores help in expanding the sales of these downstream products by offering discounts and other lucrative deals. Moreover, the rising government expenditure on biotechnology is expected to propel the demand for magnetite nanoparticles.
The market is primarily being driven by the advancement in the technologies, which help get better as well as efficient results. For instance, In May 2020, nanoComposix established a partnership with Amplicon Biotech to expand access for customers across India to the suite of products and services offered by the company. Amplicon Biotech is a distributor that helps provide life sciences reagents and supplies, instrumentation, and technical support to research, pharmaceutical, and diagnostic centres across India. Widespread applications and rapidly increasing consumer base are expected to drive the market growth forward.
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The major players in the global magnetite nanoparticles market are Strem Chemicals, Inc., Nanoshel LLC, Reade International Corp., nanoComposix, and Certifications Cytodiagnostics Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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