Silver Nanoparticles Market exceeding USD 3 billion by 2024

Silver Nanoparticles Market was worth over USD 1 billion in 2015 and is poised to exceed USD 3 billion by the end of 2024.

Silver nanoparticles market is estimated to witness a double-digit growth rate (13%) over the coming seven years. The industry being highly consumer driven, is expected to earn a lucrative revenue from the textile industry. Certain favorable properties of silver nanoparticles such as water repellency, stain resistance, UV protection, and breathability makes them the most preferred choice for the textile industry investors.

Request for a sample of this report@ www.gminsights.com/request-sample/detail/1118

Furthermore, increasing deployment of silver nanoparticles in wound healing, plastic bags, and in food packaging applications is expected to contribute subsequently toward the overall industry share in the years ahead. Renowned cosmetic companies are also implementing silver nanoparticles in hair and beauty products.

Textiles applications covered over 20% of the overall revenue in 2015 and are forecast to remain one of the prominent domains thriving the global silver nanoparticles industry share. Growing trends toward smart textiles equipped with wearable electronics and sensors will pave new opportunities for the overall market growth. Environmental issues pertaining to greenhouse gas emissions is also driving the product’s extensive usage in photovoltaic cells including LCDs, OLEDs, touch screen etc. Technological progressions along with low market price trends are expected to complement the business landscape in the coming years.

Upgraded living standards coupled with increasing consumer preference for packaged food is catalyzing silver nanoparticles market expansion from food and beverage application. As per estimates, the overall market from this application was valued almost USD 70 million in 2015 and is expected to chart a profitable trajectory also in the years ahead.

Browse Full Report Summary
Silver Nanoparticles Market Size By Application (Healthcare & Lifesciences, Textiles, Electronics & IT, Food & Beverage), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/silver-nanoparticles-market

Regionally, U.S is a strong contender in the global silver nanoparticles market, grounding on its revenue contribution in past years. The regional market valuation in 2015 was more than USD 300 million. The increasing importance of disinfected garments along with strong demand for ready-made processed food are the major factors driving the U.S market.

Asia Pacific silver nanoparticles market will also witness substantial growth over 2016-2024, driven by the expanding production base and robust supply of electronic devices in countries such as South Korea and China. With Germany at the helm, Europe represented 30% of the overall silver nanoparticles industry share in 2015. Favorable FDI policies and regulatory norms toward health safety and hygiene are influencing the market outlook in this region.

Silver nanoparticles are also extensively used in photovoltaic cells owing to their excellent ability to bring down greenhouse gas emissions. Their increased applications in light emitting diodes (LCDs), touch screens, and organic light emitting diodes (OLEDs) is also boosting the industry globally.

Global silver nanoparticles industry share is highly consolidated with some of the prominent players being NanoHorizons, Nanoshel, Emfutur Technologies, Nanocs, Applied Nanotech, Cima NanoTech, American Elements, and Cline Scientific. Mergers & acquisitions and increased R&D investments are prime strategies adopted by leading companies to combat the fierce competition.

Inquire Before Buying This Report@ www.gminsights.com/inquiry-before-buying/1118

Prominent silver nanoparticles industry participants include NanoHorizons, Nanoshel, Emfutur Technologies, Nanocs, Applied Nanotech, Cima NanoTech, American Elements, and Cline Scientific. Mergers & acquisitions and increased R&D investments are the prime strategies adopted by leading companies to sustain in the fiercely competitive market.

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.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

This release was published on openPR.