The report provides a comprehensive analysis of the major players operating in the global Nanosilver market
PORTLAND ,, OREGON, UNITED STATES, September 28, 2021 /EINPresswire.com/ – A new report released by Allied Market Research titled Nano Silver Market by End-User Industry and by Method of Synthesis-Global Opportunity Analysis and Industry Forecast, 2014-2022, predicts the global nanosilver market to reach 1,605 $ million by 2022 compared to $ 433 million in 2015, registering a CAGR of 20.5% from 2016 to 2022. The electrical and electronics segment is expected to generate the highest revenues throughout the forecast period . In 2015, Asia-Pacific dominated the global market and is expected to maintain
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According to Eswara Prasad, chemical research team leader at AMR, “The growth of the industrial sector and spending on nanotechnology research in Asia-Pacific is expected to provide significant opportunities for industry players and new entrants in the industry. this region”.
Industry players have made significant investments in new business avenues for their product segments through strategic partnerships and collaborations. Government funding of extensive research and development activities, coupled with increased demand for nanosilver from various end-user industries due to its superior properties, are the major driving factors for the market. In addition, falling nanosilver prices due to improved manufacturing technologies are expected to boost demand for nanosilver during the forecast period. However, growing concerns about the environmental impact and toxicity of nanosilver, high processing costs, and strict environmental regulations could hamper the growth of the market during the forecast period.
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In 2015, electricity and electronics was the largest end-user industry, with around a third of the market share in nanoscale silver, followed by pharmaceuticals, clothing and textiles, personal care and cosmetics. , food and beverage, and water treatment industry. The extraordinary physicochemical properties of nanosilver, such as antimicrobial, conductive, thermal and optical properties, have increased its penetration in a wide range of applications, as they improve the performance of the end product.
Main conclusions of the study:
Pharmaceuticals segment is expected to experience the highest CAGR of 21.3% during the forecast period.
The electrical and electronic and pharmaceutical segments together accounted for more than half of the market share in 2015.
Asia-Pacific is expected to dominate the market throughout 2022, with a CAGR of 21.0% in value.
In 2015, China and the United States dominated the emerging demand in the global nanosilver market.
In 2015, North America and Asia-Pacific collectively accounted for nearly two-thirds of the global demand for nanosilver and are expected to maintain their leadership position throughout the forecast period. However, Asia-Pacific is expected to be the fastest growing region, with a CAGR of 21.0% in value, followed by North America, Europe and LAMEA.
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The report provides a comprehensive analysis of major players operating in the global nanosilver 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 significant share of the global nanosilver market, followed by other Tier 2 and 3 players around the world.
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