Silver nanoparticles market to grow at 12% CAGR till 2024 | Top Vendors are American Elements, BASF, BBI Solutions, Cima NanoTech, Cline Scientific Ab, Nanocs, Nanoshel
With metal nanoparticles setting the trend in a slew of consumer goods, such as textiles, food, pastes and soaps, silver nanoparticles have gained popularity owing to its chemical, physical and biological attributes. In a bid to boost their market value, stakeholders are poised to infuse investments in silver nanoparticles that have earned the reputation of being non-toxic and having low cost vis-à-vis platinum and gold.
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The optical properties of silver nanoparticles have been used widely to manufacture sensors and other functional parts of photonic devices. According to reports, electronics and electricals application segment is expected to register a steady 12% CAGR between 2016-2024.
Rapid technological developments in the electronics & IT sector along with shifting focus toward the expansion of nano-electronic components will certainly complement silver nanoparticles market trends.
Increased demand for high conductive parts for products including keyboards, semiconductors, and mobile phones will have a considerable impact on the deployment of silver nanoparticles market in the electronics sector.
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Silver nanoparticles are significantly integrated into medicines that are used to treat several infectious diseases including diarrhea, influenza, cholera, and so on. Reports estimate that in 2017, healthcare and life sciences had accounted for nearly 30% of the total silver nanoparticles industry share. This material is gaining popularity as it is excessively used in medicinal device coating, healthcare device coating, and biomedical applications.
Chapter 4 Silver Nanoparticles Market, By Application
4.1 Global silver nanoparticles market share by application, 2017 & 2024
4.2 Electronics & electricals
4.3 Healthcare & lifesciences
4.4 Food & beverages
Major key players in the silver nanoparticles market are American Elements, Ames Goldsmith Corporation, ANP Corporation, Applied Nanotech, BASF, BBI Solutions, Cima NanoTech, Cline Scientific Ab, Meliorum Technologies, Inc., NanoComposix, Nanocs lnc, NanoHorizons, Nanoshel LLC.
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