Silver Nanoparticles Market Growth: Emerging Markets
The global silver nanoparticles market size is estimated to reach USD 4.53 billion in 2030 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. Rising demand for antimicrobial materials in healthcare applications is expected to drive the market over the forecast period. The development of high-end electronics coupled with the growing demand for gadgets is expected to promote silver nanoparticle market growth over the next seven years.
Growth of the healthcare market on account of growing consumer awareness regarding general well-being, increasing geriatric population, and rise in disposable income is expected to augment the market. Increasing demand for antimicrobial textiles on account of rising consumer awareness regarding hygiene is anticipated to stimulate market growth.
Access the Silver Nanoparticles Market Size, Share & Trends Analysis Report By Application (Electronics & Electrical, Healthcare, Food & Beverages, Textiles, Others), By Region, And Segment Forecasts, 2024 - 2030
Silver Nanoparticles Market Report Highlights
· Increasing application scope of silver nanoparticles in transparent conductors, which are widely used in touch screens, LED & OLED display and lighting coupled with the growing demand for high-end gadgets is expected to drive market growth
· Rising awareness regarding prevention of hospital-acquired diseases is expected to play an important role in promoting the use of silver nanoparticles in medical devices & equipment and textiles
· Increasing application scope of silver nanoparticles in children’s toys, in order to reduce the spread of diseases by minimizing surface antimicrobial activities, is expected to open new opportunities for market growth over the forecast period
· The emergence of nano-finished textiles for odor control and curb growth of infection-causing bacteria is expected to propel market demand
· The presence of a stringent regulatory framework, particularly in North America and Europe, is anticipated to hamper the silver nanoparticles market. Furthermore, numerous studies have been undertaken to ascertain the harmful effects of nanosilver to the environment, which is further anticipated to restrain the market growth
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Key Silver Nanoparticles Company Insights
Some of the key companies in the silver nanoparticles market include Nanocs Inc., Nanoshel LLC; NanoHorizons Inc.; ANP CORPORATION. Key players are taking several strategic initiatives, such as innovation, mergers and acquisitions, and partnerships with other major companies.
Applied Nanotech, Inc. specializes in nanotechnology research and development. They focus on creating innovative solutions using nanomaterials. They collaborate with industry partners, government agencies and academic institutions to advance nanotechnology.
American Elements focuses on ultra-high purity and nanoscale materials, they serve global manufacturers across various sectors including energy, electronics, aerospace, defense and green technology.
Key Silver Nanoparticles Companies:
The following are the leading companies in the silver nanoparticles market. These companies collectively hold the largest market share and dictate industry trends.
· American Elements
· Applied Nanotech, Inc.
· Cline Scientific AB
· EMFUTUR technologies
· Meliorum Technologies, Inc.
· Nanocs Inc.
· Nanoshel LLC
· NanoHorizons Inc.
· ANP CORPORATION
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