A recent report published by
Infinium Global Research on the silver nanoparticles market provides in-depth
analysis of segments and sub-segments in the global as well as regional silver
nanoparticles market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional silver
nanoparticles market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
silver nanoparticles market. According to the report, the global silver
nanoparticles market is projected to grow at a CAGR of 15.92% over the forecast
period of 2021-2027.
The global silver nanoparticles
market was valued at USD 1718.7 million in 2021 and is expected to reach USD
4170.5 million in 2027, with a CAGR of 15.92% during the forecast period. Silver
nanoparticles are one of the commonly used nanomaterials because of their
high electrical conductivity, optical properties, and anti-microbial
properties. The biological activity of silver nanoparticles depends on factors
like particle composition, size distribution, surface chemistry, size; shape,
coating/capping, particle morphology, dissolution rate, agglomeration, the
efficiency of ion release, and particle reactivity in solution. Silver
nanoparticles are metal particles having an ability of 100nm in size. They're
adopted in a very big selection of industries like engineering, biomedicine,
and manufacturing. These products find growing adoption in active food
packaging together with either edible or non-biodegradable polymers due to
their high antiviral, anti-yeast, antifungal, and antimicrobial properties.
The rising utilization of the silver
nanoparticles market in various industries and the advancement in silver
nanoparticles technology will propel the growth of the market during the
forecast period. The increasing demand by the biomedical sector because of the
microbial property will enhance the growth of the market. Furthermore, silver
nanoparticles in the pharmaceutical sector are used in image enhancement
devices, implant technology, biosensors, biomarkers, and tissue engineering.
This will boost the demand for silver nanoparticles in the market during the
forecast period. However, increased use of silver nanotechnology as an
antimicrobial will have an adverse effect on health which will hamper the
market growth during the forecast period. As per the study of the University of
Pittsburgh, the misuse and mistreatment of the technology in various industries
have an antimicrobial effect on humans and animals. Hence, Due to the adverse
effects of silver nanotechnology in different sectors its use is restricted
which restrains the growth of the market during the forecast period.
In terms of region, the silver
nanoparticles market is segmented into North America, Europe, Asia Pacific,
Africa, and the Middle East. North America holds the biggest market share,
because of the advanced product developments and rising preference for
innovative electronic devices in the region. Increasing investment in Research
and Development by major players will enhance product durability and reduce the
cost which will propel market growth in the region. Moreover, the rising
production of electronics devices because of the supportive regulations and
strong presence of major players will drive the growth of the European region.
The Asia Pacific is expected to dominate the market during the forecast period
due to rising disposable income, and advancements in technology.
The report on the global silver
nanoparticles market covers segments such as synthesis method, shape, and
application. On the basis of synthesis method, the sub-markets include wet
chemistry, ion implantation, and biological synthesis method. On the basis of shape,
the sub-markets include spheres, platelets, rods, colloidal silver particles,
and others. On the basis of application, the sub-markets include healthcare
& life science, textile, electronics & IT, food & beverages,
pharmaceuticals, cosmetics, water treatment, and others.
The report provides profiles of
the companies in the market such as Advanced Nano Products, American Elements,
Ames Goldsmith, Cerion LLC, Dune silver, Meliorum, Nanocomposix, Nanocs Inc.,
Sigma Aldrich, and Nanoshel.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the silver nanoparticles market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.