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North America silver nanoparticles market is projected to register over 12.3% CAGR up to 2024. Strong revenue shares mainly driven by the U.S. and Canada owing to stringent food hygiene regulations for safety standards are propelling product profile. Strong presence of major electronic manufacturing companies along with prominent R&D activities in processing devices are primarily propelling market.Asia Pacific silver nanoparticles market was estimated more than USD 400 million in 2017 owing to the large presence of a consumer population fueling regional growth. The improving economies including China, India, and Japan owing to improved health awareness along with rising need for contaminated free water solutions escalating product demand.
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In recent years, silver nanoparticles market has emerged as one of the most lucrative business spheres pertaining to the increasing product acceptance across the healthcare and food processing sectors. Silver nanoparticles are prominently integrated into medicines used to treat various infectious diseases including influenza, diarrhea, cholera, and so on. An upsurge in disease burden has been observed across the global economies lately, owing to the surging prevalence of infectious diseases. In order to prevent such outbreaks of infectious diseases, most of the healthcare service providers have suggested the deployment of silver nanoparticles owing to its unique property such as high antimicrobial activity.
Healthcare silver nanoparticles market registered more than USD 470 million in 2017. Medicinal advantages including anti-microbial property is serving prominent application in pharmaceutical industry. Surging cost treatments from last few years nanomaterial is proving a cost-effective solution in life sciences leading towards high adoption of silver nanoparticles.
Electronic & electricals market is likely to witness over 12.6% CAGR up to 2024. Rapid advancements in electronics & IT industry owing to rising product innovation and processing pace instigating need for high conductive materials to qualify leading edge electrical machinery. Improving demand for high conductive particle including semiconductors, keyboards, and mobile phones are instigating silver nanoparticles market growth. High optical and electrical conductivity is mainly required in various semiconductor and electronic devices, touchscreens, LEDs and OLEDs for enhancing processing efficiency are major drivers increasing product demand.
The ever-expanding F&B domain and the rising preference for packaged food are also touted to augment silver nanoparticles market, pertaining to product’s antimicrobial property which could increase the shelf life of food and provide protection against foodborne diseases. In the last few years, a part of the global populace has been declining on account of the consumption of contaminated food. As per the CDC (Center for Disease Control and prevention), in the U.S., nearly 76 million people annually are afflicted with foodborne diseases, out of which approximately 325,000 are hospitalized and 5000 lose their lives. The urgent demand to control the occurrence of foodborne diseases is thus likely to boost silver nanoparticles industry share remarkably.
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It is noteworthy to mention that despite having toxic properties, silver nanoparticles have emerged as one of the most massively demanded specialty chemicals. Significant use of nanoparticles in most of the medical formulations will further augment the industry share over the years ahead. The rising efforts by the industry magnates to gain dominance across myriad regions will further expedite silver nanoparticles market. As per estimates put forth by Global Market Insights, Inc., silver nanoparticles market is poised to surpass a revenue collection of USD 3 billion by the end of 2024.
Some Points From Table Of Content: -
Chapter 3 Silver Nanoparticles Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Manufacturers
3.3.3 Distributors & dealers
3.3.4 End users
3.3.5 Profit margin trends
3.3.6 Distribution channel analysis
3.3.7 Vendor matrix
3.4 Pricing analysis, by region
3.4.1 Cost structure analysis
3.5 Technology & innovation landscape
3.5.1 Biological synthesis
3.5.2 Physical synthesis
3.5.3 Chemical synthesis
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