Nano Silver Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,605 million by 2022, registering a CAGR of 20.5% during the period 2016 – 2022.It is anticipated that electrical & electronics segment would generate the highest revenue throughout the forecast period. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the study period.
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The industry players made significant investments on
new commercial avenues for their product segments via strategic partnerships
& collaborations. Governmental funding towards extensive research and
development activities coupled with rise in demand for nano silver from various
end-user industries owing to its superior properties are the key driving
factors of the market. Also, the decrease in prices of nano silver owing to the
improving manufacturing technologies is expected to drive the demand for nano
silver over the forecast period. However, growing concerns over environmental
impact & toxicity of nano silver, high processing costs, and stringent
environmental regulations could hamper the market growth during the forecast
period.
In the year 2015, electrical & electronics was the
largest end-user industry, with about one-third value share of nano silver
market, followed by pharmaceuticals, clothing & textile, personal care
& cosmetics, food & beverage, and water treatment industry. The
extraordinary physio-chemical properties of nano silver, such as
anti-microbial, conductive, thermal, and optical properties, have increased its
penetration in a wide array of application, as it results in improved
performance of the end product.
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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.
The report provides comprehensive analysis of the key
players that operate in the global nano silver market such as 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. These
players occupy a major share in the global nano silver market followed by other
tier 2 and tier 3 players worldwide.
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