Press release
Silver Nanoparticles Market to grow at over 13% CAGR up to 2024
The industry players are constantly focusing on innovating technologies toward advancements of nano products. Many industry experts are seen investing more in R&D to facilitate biosynthetic processes pertaining to its environment friendly and cost-effective properties.
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In order to gain a competitive edge over the co-industry players, top-notch companies such as Dior and Chi are adding a point of difference in their product values. For instance, the Chi company recently launched a hair straightener which contains silver nanoparticles to guard against infections.
The surging electronics & IT sector in Asia Pacific is also set to stimulate the regional silver nanoparticles industry share. High demand for electronic products and mass production units in this region have significantly propelled silver nanoparticles industry to expand. For instance, Samsung has incorporated silver nanoparticles in its washers to provide it with antibacterial effect.
Silver nanoparticles industry is further witnessing a rising application scope in food & beverages sector, owing to its ability to prevent pathogens and improving the product shelf life. In 2015, silver nanoparticles market from F&B generated revenue worth over USD 70 million.
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Stringent food safety standards and growing food & beverage industry in the U.S. have positively influenced the regional silver nanoparticles market growth. Moreover, the region is also witnessing high demand for clothes sterilizing, owing to rising health and safety concerns among workers. U.S. silver nanoparticles industry share was worth UDS 300 million in 2015, and is expected to attain lucrative growth over the coming years.
The healthcare & life science application in Europe accounted over 30% of the regional market, owing to rising consumer spending in medical services and the growing health concerns. Silver-based nanoparticles are used in wound healing processes and sterilizing medical equipment. The soaring healthcare industry in UK has also provided a significant impetus to the regional silver nanoparticles industry share, which stood at USD 40 million in 2015.
However, the exceptional incorporation of silver nanoparticles by various companies in their product portfolios demonstrates that this market is certain to attain a remarkable valuation over the coming years. As per a report by Global Market Insights, the global silver nanoparticles market is estimated to record a CAGR of 13% over 2016-2024.
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Key silver nanoparticles industry players include Emfutur Technologies, American Elements, Nanoshel, Nanocs, Cima Nanotech, Cline Scientific, Bayer, Meliorum Technologies.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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