Nano-silver market in India to reach $208.2 million by 2027

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Portland, OR, June 28, 2021 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Indian nano-silver market was estimated at USD 61.6 million in 2019 and is projected to reach USD 208.2 million by 2027, registering a CAGR of 21.3% from 2020 to 2027. The report provides a detailed analysis of the major pockets of investment, winning strategies, drivers and opportunities, market size. & estimates, competitive landscape and changing market trends.

Rising demand for nano-silver from various antimicrobial applications in end-use industries and rapidly growing electronics and pharmaceutical sectors in the province are driving the growth of the Indian nano-silver market. On the other hand, increasing concerns about the environmental impact and toxicity of nano-silver products are hampering the growth to some extent. However, growing awareness and trend towards biological synthesis method is expected to benefit the growth of the market.

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COVID-19 scenario-

  • The outbreak of the pandemic has led to a drop in demand for nano-silver in India, due to the suspension of manufacturing units, industrial activities and disrupted supply chain management.
  • Suspended operations in end-user sectors including equipment, electronic equipment and others have affected market sales to some extent.
  • India was one of the worst affected countries by the second wave of covid-19. This has further created several challenges for the market. However, as the nation has started to recover and regulations are easing, the industry is expected to recover soon.

India nano silver market is analyzed through synthesis method and end user. Based on the synthesis method, the chemical reduction segment accounted for more than half of the total market share in 2019 and is expected to rule the roost by 2027. The biological segment, on the other hand, would cite the CAGR the 22.7% faster during the forecast period.

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By end-user, the electrical and electronics segment held the majority in 2019, accounting for more than a quarter of the market. The segment is expected to lead throughout the forecast period. However, the pharmaceuticals segment would also cite the Fastest CAGR by 22.3% by the end of 2027.

Key market players analyzed in the India Nanosilver Market report are Merck KGaA, Mincometsal, Nanochemazone, Inc., Nanocomposix, Nano Labs, Nanoshel LLC, Reinste Nanoventures Pvt. Ltd, the major players operating in the Indian nano-silver market are American Elements, Filo Lifesciences Pvt. Ltd and Sisco Research Laboratories Pvt. ltd.

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About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.


        


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