Press release
Nano Silver Market Projected to Reach $1,605 Million by 2022 | In-Depth Analysis with Top Key Players
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According to Eswara Prasad, Team Lead Chemical Research at AMR, the Asia-Pacific region is poised to offer significant opportunities for industry players and new entrants, thanks to the growing industrial sector and increased expenditure on nanotechnology research.
Industry players have strategically invested in new commercial avenues for their product segments through partnerships and collaborations. The market's key driving factors include substantial governmental funding for extensive research and development, coupled with a rising demand for nano silver from various end-user industries due to its superior properties. Additionally, the decreasing prices of nano silver, attributed to advancements in manufacturing technologies, are expected to fuel demand over the forecast period. However, challenges such as environmental concerns, toxicity of nano silver, high processing costs, and stringent environmental regulations could impede market growth.
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In 2015, the electrical and electronics industry dominated the nano silver market, holding about one-third of the total value share, followed by pharmaceuticals, clothing and textile, personal care and cosmetics, food and beverage, and the water treatment industry. Nano silver's exceptional physio-chemical properties, including antimicrobial, conductive, thermal, and optical characteristics, have led to its widespread application, enhancing the performance of end products across diverse industries
Key findings of the study:
Pharmaceuticals segment is expected to witness highest CAGR of 21.3% during the forecast period.
Electrical & electronics and pharmaceuticals segment together accounted for more than half of the market share in 2015.
Asia-Pacific is anticipated to lead the market throughout 2022, growing at a CAGR of 21.0%, in value terms.
In 2015, China and U.S. led the emergent demand in the world nano silver market.
In 2015, North America and Asia-Pacific collectively accounted for nearly two-thirds of the worldwide demand for nano silver and are expected to maintain their lead position throughout the forecast period. However, Asia-Pacific is projected to be the fastest growing region, with a CAGR of 21.0% in value terms, followed by North America, Europe, and LAMEA.
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Key Benefits of Nano Silver Market:
► The study provides quantitative analysis of the world nano silver market with current trends and future estimations through 20142022 to identify the prevailing market opportunities to capitalize on.
► Extensive analysis by end-user industry and method of synthesis predicts the various types of nano silver used in different end-user applications.
► Competitive intelligence highlights the business practices followed by leading players across various regions.
► An in-depth analysis of current research and clinical developments within world nano silver market is provided with key dynamic factors that affect the market behavior.
► Comprehensive analysis of all geographic regions are provided to determine the prevailing opportunities in these geographies.
► Key market players and their strategies are analyzed to identify the competitive outlook
Major Companies in the Industry:
► Cambrios Technologies Corp
► Cima Nano Tech, Inc
► Blue Nano, Inc.
► Applied Nanotech Holdings, Inc
► Advanced Nano Products
► Ames Goldsmith Corporation
► NovaCentrix Corp
► NanoMas Technologies
► Silvix CO. LTD
► and ABC Nanotech, LTD
Similar Report:
Global Carbon Nano Materials Market: https://www.alliedmarketresearch.com/carbon-nano-materials-market
Nanomaterials Market: https://www.alliedmarketresearch.com/nano-materials-market
Nano Copper Oxide Market: https://www.alliedmarketresearch.com/nano-copper-oxide-market
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