Silver Nanoparticles Market to grow at over 13% CAGR up to 2024

U.S. silver nanoparticles market generated over USD 300 million revenue in 2015. Silver Nanoparticles Market is capitalizing on its core product properties to gain a remarkable impetus in F&B, healthcare & life sciences, electronics & IT, and textiles industries. The silver nanoparticles are one of the most commercialized nanoparticles, which occupied half of the global nanomaterials landscape in 2015.

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.

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