Global Silver Nanoparticles Market Insights Forecasts to 2030
- The Global Silver Nanoparticles Market was valued at USD 2.20 Billion in 2021.
- The Market is growing at a CAGR of 15% from 2022 to 2030
- The Global Silver Nanoparticles Market is expected to reach USD 7.73 Billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period.
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The global Silver Nanoparticles Market is expected to reach USD 7.73 Billion by 2030, at a CAGR of 15% during the forecast period 2022 to 2030. The expanding use of silver nanoparticles in food, drink, and healthcare due to their antibacterial qualities is expected to drive the worldwide market for silver nanoparticles. Silver nanoparticles extend the shelf life of products and stop microorganisms from colonising them.
Silver Nanoparticles have strong electrical conductivity, optical qualities, and anti-microbial capabilities, they are also known as nanosilver. They are one of the most widely utilised nanomaterials. Particle composition, size distribution, surface chemistry, size, shape, coating/capping, particle morphology, dissolving rate, agglomeration, efficiency of ion release, and particle reactivity in solution are some of the variables that affect the biological activity of silver nanoparticles. Increasing demand for silver nanoparticles for anti-microbial applications and expansion in the electronics industry are two factors influencing the market growth for silver nanoparticles. As it is used in the fields of biomarkers, biosensors, implant technology, tissue engineering, nanorobots & nanomedicine, and image enhancement devices, there is also a rise in demand from the pharmaceutical business. The silver cations in silver nanoparticles, which have the capacity to interfere with bacterial physiological function, are what give them their bactericidal properties. The market for silver nanoparticles is being hampered by growing worries about the toxicity and impact of silver nanoparticles on the environment. Furthermore, throughout the anticipated period, market expansion is predicted to be restrained by high nanosilver product costs. On the other hand, throughout the projection period, it is anticipated that the growing trend of biological synthesis methods would open up profitable potential for the market. Due to lockdowns in several nations throughout the world, the COVID-19 epidemic has had a detrimental effect on the expansion of the worldwide silver nanoparticles market. Electronics, textile, and other businesses that employed silver nanoparticles had to shut down as a result of lockdowns. Due to the rigorous social segregation regulations put in place by the government to stop the spread of the virus during the epidemic, this was accomplished. As a result, during the pandemic, the demand for silver nanoparticles drastically reduced. Use of silver nanotechnology as an antibacterial too frequently has negative effects. Bacterial resistance to silver nanoparticles, but not to their silver ions alone, is present at both low concentrations and higher doses, suggesting that the overuse and misuse of silver nanotechnology in various industries as an antimicrobial is having a negative impact on people and animals. There's a chance that the cell is absorbing some kind of silver, and when it does, it changes to fast push it out. As a result, the usage of silver nanotechnology in many industries could be restricted, which would hurt the market's expansion.
Global Silver Nanoparticles Market Report Coverage
|Market Size in 2021:||USD 2.20 Billion|
|Forecast Period 2021-2030 CAGR:||15%|
|2030 Value Projection:||USD 7.73 Billion|
|Historical Data for:||2019-2020|
|No. of Pages:||256|
|Tables, Charts & Figures:||145|
|Segments covered:||By Synthesis,By Shape,By Application,|
|Companies Covered:||Cima NanoTech, Cline Scientific, Meliorum, American Elements, Advanced Nano Products, Ames Goldsmith, Applied Nanotech, Bayer MaterialScience, Nanoshel, and NovaCentrix.|
|Growth Drivers:||Increasing demand for silver nanoparticles for anti-microbial applications and expansion in the electronics industry are two factors influencing the market growth for silver nanoparticles.|
|Pitfalls & Challenges:||Due to the rigorous social segregation regulations put in place by the government to stop the spread of the virus during the epidemic, this was accomplished. As a result, during the pandemic, the demand for silver nanoparticles drastically reduced.|
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This research report categorizes the Market for global Silver Nanoparticles based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Global Silver Nanoparticles Market. Recent Market developments and competitive strategies such as expansion, Product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the Market. The report strategically identifies and profiles the key Market players and analyses their core competencies in each global Silver Nanoparticles Market sub-segments.
- In 2021, the Biological Synthesis Method segment accounted for the largest share of the Market, with 42.6% and a Market revenue of 0.93 Billion.
Based on the Synthesis Method, the Silver Nanoparticles Market is categorized into Wet Chemistry, Ion Implantation and Biological Synthesis Method. In 2021, the Biological Synthesis Method segment accounted for the largest share of the Market, with 42.6% and a Market revenue of 0.93 Billion. The Biological synthesis segment is anticipated to see the highest increase throughout the projection period. This is related to growing awareness of the harm that chemical production technologies pose to the environment. This has led to the creation and use of environmentally acceptable materials in the manufacture of silver nanoparticles, which in turn is driving the expansion of the market on a worldwide scale.
- In 2021, the Colloidal Silver Particles segment accounted for the largest share of the Market, with 30.6% and a Market revenue of 0.67 Billion.
Based on the Shape, the Silver Nanoparticles Market is categorized into Spheres, Platelets, Rods, Colloidal Silver Particles and Others. In 2021, the Colloidal Silver Particles segment accounted for the largest share of the Market, with 30.6% and a Market revenue of 0.67 Billion. During the projection period, it is projected that the colloidal silver particle would expand at the fastest rate. One of the factors influencing the market is the growing awareness of the nutritional advantages of silver colloidal particles. The food and pharmaceutical industries have seen an increase in its popularity. New avenues have recently opened up in the nutraceuticals sector.
- In 2021, the Healthcare & Life science segment accounted for the largest share of the Market, with 20.6% and a Market revenue of 0.45 Billion.
Based on the application, the Silver Nanoparticles Market is categorized Healthcare & Life science, Textile, Electronics & IT, Food & Beverages, Pharmaceuticals, Cosmetics, Water Treatment and Others. In 2021, the Healthcare & Life science segment accounted for the largest share of the Market, with 20.6% and a Market revenue of 0.45 Billion. Throughout the forecast period, the Healthcare & Life science segment is anticipated to maintain its leading position while expanding at the fastest CAGR this is a result of these compounds have a range of biological benefits, including the ability to heal wounds, improve vaccine immunogenicity, hasten bone recovery, and fight cancer and bacteria. Due to the coronavirus epidemic in late 2019, there has been an increase in study on the antiviral properties of silver nanoparticles, with results showing that these products can prevent COVID-19 infection. Increased use of health insurance, an increase in the incidence of chronic lifestyle disorders including diabetes, obesity, and heart disease, as well as technology improvements will fuel the expansion of the healthcare industry and the market for silver nanoparticles. Due to their high propensity for chronic ailments, the senior population is growing internationally, which has raised the need for healthcare services.
Regional Segment Analysis of the Silver Nanoparticles Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America emerged as the largest Market for the global Silver Nanoparticles Market, with a Market share of around 32.9% and 0.72 Billion of the Market revenue in 2021.
- North America emerged as the largest Market for the global Silver Nanoparticles Market, with a Market share of around 32.9% and 0.72 Billion of the Market revenue in 2021. The demand for Silver Nanoparticles is being driven by the rising acceptance by the market. The market for Silver Nanoparticles was dominated by the North America region this is explained by the population of the area is increasing significantly, especially among the elderly. Favourable government actions in recent years, including the Affordable Care Act, have made health insurance more affordable for the majority of Americans, spurring the expansion of the healthcare sector.
- Asia Pacific Market is expected to grow at the fastest CAGR between 2021 and 2030, Asia-Pacific led the world market for silver nanoparticles due to the vast manufacturing capacity of the consumer electronics industries, which depend on nanoparticles, with more than half of all processes taking place in South Korea and China. China is one of the nations with the highest demand for nanosilver.
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The report offers the appropriate analysis of the key organizations/companies involved within the global Silver Nanoparticles Market along with a comparative evaluation primarily based on their Product offering, business overviews, geographic presence, enterprise strategies, segment Market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including Product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the Market.
List of Key Market Players:
- Cima NanoTech
- Cline Scientific
- American Elements
- Advanced Nano Products
- Ames Goldsmith
- Applied Nanotech
- Bayer MaterialScience
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Some of the Key Developments:
- In June 2019, Cima NanoTech creates a transparent conductive film using silver nanoparticles (NPs) that has an 85% to 86% transparency and a sheet resistance of 10 /sq.
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Silver Nanoparticles Market based on the below-mentioned segments:
Global Silver Nanoparticles Market, By Synthesis Method:
- Wet Chemistry
- Ion Implantation
- Biological Synthesis Method
Global Silver Nanoparticles Market, By Shape:
- Colloidal Silver Particles
Global Silver Nanoparticles Market, By Application:
- Healthcare & Life science
- Electronics & IT
- Food & Beverages
- Water Treatment
Global Silver Nanoparticles Market, Regional Analysis:
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
What is the market size of the Silver Nanoparticles Market?As per Spherical Insights, the size of the Silver Nanoparticles market was valued at USD 2.20 billion in 2022 to USD 7.73 billion by 2030.
What is the market growth rate of the Silver Nanoparticles market?The Silver Nanoparticles market is growing at a CAGR of 15% from 2022 to 2030.
Which country dominates the Silver Nanoparticles market?North America emerged as the largest market for Silver Nanoparticles.
Who are the key players in the Silver Nanoparticles market?Key players in the Silver Nanoparticles market are Cima NanoTech, Cline Scientific, Meliorum, American Elements, Advanced Nano Products, Ames Goldsmith, Applied Nanotech, Bayer MaterialScience, Nanoshel, and NovaCentrix.
Which factor drives the growth of the Silver Nanoparticles market?The growing use of silver nanoparticles in various sectors of the industry is expected to drives the market's growth over the forecast period.
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