Nanosilver Market To Expand At 15.6% Growth Up To 2024

Some of the major industry players in Nanosilver market include Creative Technology, Blue Nano, NovaCentrix, NanoMas Technologies, RAS, SILVIX, Bayer Material Science, Cambrios Technologies and Inkron. Improving health standards in Asia Pacific led to formulation of strict legislations to improve human health & environment is another factor which is likely to contribute effectively towards nanosilver industry size in the coming years.

SELBYVILLE, Dela., March 12, 2018 /PRNewswire-iReach/ -- Sturdy growth in nano-technology based consumer electronics in North America will help in attaining promising gains in the Nanosilver Market in the coming years. It is extensively used in manufacturing electronic devices & equipment owing to its high thermal & electrical conductivity in inks, pastes and adhesives. Increasing demand for superconductors is expected to bolster growth of the nanosilver market which is credited to space restraints which is otherwise required for conventional cables. In addition, demand for nanosilver inks is growing due to need for higher resolution ink required in printed electronics, especially in gravure, inkjet and flexographic printing. These trends are anticipated to make noteworthy contribution to nanosilver market size.

Nanosilver market is poised to exceed USD 3.3 billion by 2024. Robust demand for anti-microbial coating across food & beverage industry, healthcare, consumer applications, personal care, etc. will boost nanosilver market size. This is chiefly due to anti-microbial properties possessed by product which helps across several applications in the aforementioned industries. For instance, in the medical industry, product is used to manufacture tubes, bandages, ointments, etc.

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Strict laws and standards formulated by the U.S. EPA, FIFRA and other regulatory agencies against product applications due to its harmful implications on environment & human health will obstruct nanosilver market size. In addition, high product cost will be another factor which is likely to hinder nanosilver market size.

Nanosilver market size for physical mode of synthesis attained a prominent industry size which is anticipated to rise at a moderate rate by 2024. In physical mode, it is synthesized by evaporation and condensation which is carried using tube furnace at atmospheric pressure. However, this mode is not preferred for product generation as tube furnace occupies large space and consume large amount of energy which needs significant amount of time to achieve thermal stability. Biological and chemical reduction mode of synthesis are usually preferred owing to several advantages including cost-effectiveness, energy efficient, etc. which is likely to help propel nanosilver market size in the forecast spell.

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Chapter 3. Nanosilver Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2013 - 2024

3.3.  Industry ecosystem analysis

3.3.1.    Vendor matrix

3.3.2.    Distributor channel analysis

3.4.  Industry impact forces

3.4.1.    Growth drivers

3.4.1.1.    Booming electrical & electronics industry in North America

3.4.1.2.    Rapidly growing demand for anti-microbial coatings in various applications

3.4.2.    Industry pitfalls & challenges

3.4.2.1.    Stringent regulations against nanosilver use owing to its harmful effects

3.4.2.2.    High product price compared to conventional silver

3.5.  Growth potential analysis

3.6.  Regulatory trends

3.6.1.    U.S.

3.6.2.    Europe

3.6.3.    China

3.7.  Porter's analysis

3.8.  Competitive landscape

3.8.1.    Strategy dashboard

3.9.  PESTEL analysis

3.10.  Regional price trends

3.10.1.   Cost structure analysis

3.10.2.   Raw material trends

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Water treatment industry for nanosilver market size will witness growth close to 11% during the forecast timespan. This is primarily due to improving standards & legislations towards human health & environment primarily in the emerging economies which is likely to drive product demand over the projected timeframe. Product is extensively used as a disinfectant in drinking water supplies due to its biocidal properties.

In 2016, Asia Pacific nanosilver market size contributed close to USD 300 million. Considerable industry growth rate will be witnessed in the region owing to sturdy pace of food & beverage, water treatment, personal care, textile and healthcare industry which is credited to improving socioeconomic factors.

Browse key industry insights spread across 135 pages with 147 market data tables & 28 figures & charts from the report, "Nanosilver Market Size By Mode of Synthesis (Physical, Biological, Chemical Reduction), By End-user (Electrical & Electronics, Healthcare, Food & Beverages, Textile, Water Treatment), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/nanosilver-market

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