Global Silver Nanoparticles Market was valued at USD 1.61 Bn in 2019 and is expected to reach USD 4.12 Bn by 2027 at a CAGR of 12.45% over the forecast period 2020-2027.
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Silver Nanoparticles Market by region and on the key players revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Silver Nanoparticles Market Dynamics;
Silver nanoparticles are incorporated into products that range from photovoltaics to biological and chemical sensors because they possess various suitable properties such as optical, electrical, and thermal properties. Conductive inks, pastes and various fillers are utilising silver nanoparticles for their high electrical conductivity, stability, and low sintering temperatures. Various factors such as growing demand from antibiotic coatings in health-care applications, increasing use of silver nanoparticles in common applications such as antimicrobial coatings, textiles, keyboards, wound dressings, and in biomedical devices, increasing consumer spending on packaged foods and growing need for energy efficient lighting system along with increasing penetration of LED lighting are driving the growth of silver nanoparticles market.
However, factors such as stringent regulations pertaining to applications of nanoparticles in food industry, less adoption in underdeveloped countries, high cost associated with silver nanoparticles, availability of substitute products are restraining the market growth over the forecast period.
Global Silver Nanoparticles Market is segmented by applications and by Region. By applications, healthcare and Lifesciences segment held the highest market share of 31.23% in 2019 and is expected to keep its dominance over the forecast period owing to increasing use of silver nanoparticles in hospitals and clinics to prevent microbial and fungal infections. Healthcare application segment is followed by food & beverages and Textile. Food & beverages application segment is expected to hold xx% of market share over the forecast period. Improving food quality and safety standards and necessity to extend packaged foods shelf life are driving the market growth of this segment. Textile segment is expected to hold xx% of market share with the highest CAGR of 14.78% over the forecast period owing to increasing use in military clothing and other textile products.
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By geography, North America held the highest market share of 37.89% in 2019 and is expected to keep its dominance over the forecast period owing to presence of major market players and increasing adoption of silver nanoparticles in electronics products. Factors such as increasing government approvals on nanoparticles commercialisation, favourable government policies and rising investments on R&D by key regional players are driving the market growth in this region. North America is followed by APAC and Europe. APAC is expected to hold xx% of market share over the forecast period. Factors such as technological advancements, increasing disposable income of consumers, growing adaptation of silver nanoparticles in the healthcare and electronics industries in the China, India, Japan, and South Korea are driving the market growth in this region. Europe is expected to hold xx% of market share over the forecast period owing to European Union’s supportive initiatives pertaining to increasing usage of renewable energy particularly solar.
Scope of Global Silver Nanoparticles Market:
Global Silver Nanoparticles Market, by End Users
• Healthcare & Lifesciences
• Textiles
• Electronics & IT
• Food & Beverage
• Others
Global Silver Nanoparticles Market, by Region
• North America
• APAC
• Europe
• MEA& Africa
• South Africa
Global Silver Nanoparticles Market Major Players
• American Elements
• Ames Goldsmith Corporation
• ANP Corporation
• Applied Nanotech
• BASF
• BBI Solutions
• Cima NanoTech
• Cline Scientific Ab
• Meliorum Technologies, Inc.
• NanoComposix
• Nanocs lnc
• NanoHorizons
• Nanoshel LLC
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