Silver Nanoparticles Market

Market Overview:

The global silver nanoparticles market size reached US$ 2,428 Million in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 6,101 Million by 2028, exhibiting a growth rate (CAGR) of 16% during 2023-2028.

Silver nanoparticle (AgNPs), or silver nano powder, refers to spherical high surface area metals sized between 100 nm to 1nm. These particles’ biological activities rely on their size, chemistry, shape coating, particle morphology, and ion releasing efficiency. Silver nanoparticle synthesis techniques include physical, chemical, and biological processes. The physical synthesis involves evaporation-condensation, electrical irradiation, gamma irradiation, and laser ablation methodologies wherein the chemical synthesis procedure comprises ultraviolet (UV) initiated photoreduction, microemulsion, and photoinduced reduction. On the other hand, the biological synthesis method utilizes bacteria, fungi, and lactobacillus. 

Silver Nanoparticles Market Trends:

The widespread adoption of silver nanoparticles across various industrial verticals, such as pharmaceuticals, healthcare, information technology, cosmetics, and pharmaceuticals sector due to its less energy-consuming properties, is one of the key factors driving the silver nanoparticle market toward growth. In line with this, the increasing utilization of silver nanoparticles in photovoltaics (PVs), biological and chemical sensors due to their optical, thermal, and chemical properties coupled with its extensive applications in antimicrobial coatings, keyboards, textiles, and wound dressings are acting as another growth-inducing factor in the market. Moreover, the rising demand for energy-efficient light-emitting diode (LED), organic light-emitting diode (OLEDs) touchscreen, and photovoltaics systems is contributing to the market growth. The increasing prevalence of non-finished textiles to control odor and infection-causing bacteria is propelling the market growth further. Other factors, such as the implementation of biological silver nanoparticles synthesis due to environmental consciousness amongst the consumers and key players and the escalating penetration of advanced electronics along with the fueling usage of nanoparticles in inks, air and water purifies and especially in the food and beverages (F&B) sector to ensure the food quality by improving barrier, mechanical, and antibacterial properties are creating a positive outlook for the market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global silver nanoparticles market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on synthesis method, shape and end use industry.

Breakup by Synthesis Method:

• Wet Chemistry
• Ion Implantation
• Biological
   

Breakup by Shape:

• Spheres
• Platelets
• Rods
• Colloidal Silver Particles
• Others
   

Breakup by End Use Industry:

• Electronics and IT
• Healthcare and Lifesciences
• Textiles
• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Water Treatment
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Nano Products Co Ltd, American Elements, Ames Goldsmith Corporation, Cerion LLC, Meliorum Technologies Inc., Merck KGaA, nanoComposix (Fortis Life Sciences LLC), Nanocs Inc., Nanoshel LLC, Strem Chemicals Inc. (Ascensus Specialties LLC) and Thermo Fisher Scientific Inc.

Report Coverage: