Global Silver Nanoparticles Market 2017-2021
About Silver Nanoparticles
Silver nanoparticles (AgNPs) or nanosilver refer to the particles of silver ranging between 1nm-100nm in size. They can be of a variety of shapes such as octagonal, diamond, spherical, and thin sheets, depending upon the application. However, spherical silver nanoparticles are most commonly used. The advent of nanotechnology has also given rise to nanoparticles that have thermal and chemical stability. The global silver nanoparticles market is driven by factors such as increasing production of applications necessitating miniature electronic systems, antimicrobial properties of nanosilver, and increasing focus on food packaging. However, the global market has its share of challenges such as high costs in comparison with steel, fluctuating silver prices, issues related to toxicity, and regulatory guidelines restricting the market growth.
Technavio’s analysts forecast the global silver nanoparticles market to grow at a CAGR of 15.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global silver nanoparticles market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Silver Nanoparticles Market 2017-2021
Technavio recognizes the following companies as the key players in the global silver nanoparticles market: Cima NanoTech, Cline Scientific, EMFUTUR, Meliorum, and NanoHorizons.
Other Prominent Vendors in the market are: American Elements, Advanced Nano Products,
Ames Goldsmith, Applied Nanotech, Bayer MaterialScience, Nanoshel, and NovaCentrix.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of silver nanowire-based transparent conductors. The global silver nanoparticles market witnessed an increased use of transparent conductors in various applications owing to their enhanced electrical conductivity and transparency. Silver nanowires-based transparent conductors find their application in liquid-crystal displays, photovoltaics, OLEDs, and touchscreen. Indium tin oxide(ITO) is the most popular conductor and is a by-product of zinc mining. However, silver nanoparticles are expected to replace ITO owing to the high aspect ratio and high conductivity of silver nanoparticles, thereby claiming a major share of the market for transparent conductors. Additionally, silver nanowire network has proved to be highly conductive with a high aspect ratio owing to crystalline silver. Also, a touchscreen demands reduced the quantity of silver in comparison with indium. Thus, silver nanoparticles are anticipated to strengthen their market share pertaining to transparent conductors.”
According to the report, one of the major drivers for this market is Increasing number of applications necessitating miniature electronic systems. There is a global demand for miniature electronic systems from several applications such as wearable products and robotics. The increased production of these devices translates into the need for silver nanoparticles that facilitates the efficiency of these devices. Fine-feature silver nanoparticle conductors are used for the interconnection of leadless components grouped in a monolithic block. The conductors in these devices are fabricated with silver nanoparticle paste that is filled in laser-ablated channels.
Further, the report states that one of the major factors hindering the growth of this market is High costs in comparison with silver. The costs involved in the application of silver nanoparticles restricts the market growth. High costs ranging from $1,500-$3,500 pertaining to silver nanoparticles and their processing have restricted their use thereby, impeding the market growth. Also, the chemical production of silver nanoparticles involves high cost, which discourages the vendors in the market from transitioning the products to higher performance or upgraded silver nanoparticles pastes and inks. Therefore, the reduction in the cost-in-use gap between silver and its nanoparticles calls for a rise in the price of silver, which decreases the demand.
Cima NanoTech, Cline Scientific, EMFUTUR, Meliorum, NanoHorizons, American Elements, Advanced Nano Products, Ames Goldsmith, Applied Nanotech, Bayer MaterialScience, Nanoshel, and NovaCentrix.
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