Silver Nanowires Market to Significant Growth Via Healthcare Sector By 2025 | Key Players Are Sigma-Aldrich, Nanowerk, LLC, Johnson Mathey Plc, Showa Denko K.K., NanoTech Labs, TPK

Global silver nanowires market is anticipated to witness escalating demand from the healthcare sector for molecular diagnostics on account of its anti-microbial characteristics. These properties can be attributed to its robust optical transmittance and conductivity, which will boost product utilization in medical applications, like imaging, over the forecast timeframe. Growing end-user preference towards silver nanowire-based transparent conductive electrodes (TECs) for next generation semiconductor devices, owing to low manufacturing cost and excellent flexibility, will considerably transform the industry trends.

Light-emitting diodes (LEDs) have become one of the most rapidly advancing lighting technologies on account of superior energy-efficiency. In fact, quality LED bulbs are more durable, last much longer, provide better luminance quality compared to others. In 2018, global residential LED shares accounted for a record 40% of all house lighting sales. Deployment of LEDs in the commercial as well as outdoor applications is also rising, especially for linear LEDs. Extensive use of silver nanowires in fabricating LED devices is set to positively drive silver nanowires market outlook.

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Indium is routinely integrated into modern consumer electronics and green technologies. The metal, when exposed to tin and oxygen forms indium tin oxide (ITO), which is used for conductive purposes like LCD displays. ITO is a transparent conductive electrode, which makes it suitable for touch screen technologies. Moreover, the product is widely deployed in the solar cell industry. Hiking ITO prices caused by increasing scarcity of Indium will result in surging demand for silver nanowire-based conductive electrode, thereby stimulating product adoption. Depletion of Indium metal sources worldwide is likely to foster silver nanowires market size over the projected timeframe.

Deployment of solar energy technology across the world has accelerated and over the last decade, the U.S. solar sector has exhibited an average annual growth of about 50%. Moreover, installation cost for solar-based equipment has dropped by over 70% in same period. Growing awareness among the global population and various government initiatives towards the adoption of natural and renewable sources of energy has spiked the demand for solar cells. Silver nanowire is used in designing solar equipment owing to transparent and conductive characteristics, which will generate added revenues for silver nanowires industry.

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Global silver nanowires market is anticipated to witness escalating demand from the healthcare sector for molecular diagnostics on account of its anti-microbial characteristics. These properties can be attributed to its robust optical transmittance and conductivity, which will boost product utilization in medical applications, like imaging, over the forecast timeframe. Growing end-user preference towards silver nanowire-based transparent conductive electrodes (TECs) for next generation semiconductor devices, owing to low manufacturing cost and excellent flexibility, will considerably transform the industry trends.

China silver nanowires market from solar application is projected to witness gains of over 30% by 2025. The product owing to its high aspect ratio and conductive properties can be utilized in transparent and non-transparent applications including solar displays, pastes and conductive inks. Rising number of initiatives from China including the goal of reaching 1,300 GW of solar capacity is likely to favor silver based nanowires market in forecast timeline.

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