Silver Nanoparticles Market Size By Application (Healthcare & Lifesciences, Textiles, Electronics & IT, Food & Beverage), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Published Date: January 2017 | 180 Pages | Report ID: GMI1118 Report Format: PDF
Silver Nanoparticles Market size was over USD 1 billion in 2015 with close to 13% CAGR estimation forecast from 2016 to 2024
U.S. Silver Nanoparticles Market size, by application, 2013-2024 (USD Million)
Rising application scope in healthcare and food & beverages industry due to its antimicrobial properties will drive the silver nanoparticles market. Improving product shelf life and prevention from pathogens are key essential properties.
Silver nanoparticles are the most commercialized nanoparticles, accounting for over 50% of the global nanomaterial consumer products in 2015. Possessing advanced catalytic and optic features makes them highly suitable for electronic products. Silver nanoparticles have become an important material in various applications including wound healing, food packaging, plastic bags due to its ability to damage bacteria cells and weakening the cell membrane.
Global food & beverages packaging spending will surpass USD 300 billion by 2020. Rising preference for processed and fortified food due to change in consumer lifestyle has facilitated the food & beverages packaging market. Regulatory guideline from FDA and EU pertaining to food quality along with meeting product standard while exporting is facilitating silver nanoparticles market growth.
CHI company has launched its hair straightener containing silver nanoparticles for protection against infection. Dior has also launched a nano inspired product ‘Diorskin Forever’ for better skin. Achieving point of difference in products to have a competitive edge over its competitors is among the major factor for silver nanoparticles demand. Presence of toxic solvents, release of hazardous intermediate compounds and by products may lead to some legal impositions for chemical and physical synthesis nanoparticles.
Various production approaches are reported including physical, chemical, and photochemical method, with high equipment cost being the major concern. Technology advancement in biological route along with comparatively low silver nanoparticles market price trend will open new avenues in the industry.
Silver Nanoparticles Market, By Application
Textiles accounted for over 20% of the global silver nanoparticles market share for 2015. Water repellence, UV protection, breathability, and resistance to fungi or stains are key properties offered by the silver nanoparticles based clothing. Apart from clothing the product is widely used for the improvement in car seats, upholstery fabrics, floor covering, bed & table linen and geotextiles.
Smart textiles offer a huge potential to silver nanoparticles market. R&D on clothes equipped with sensors and electronics for health and safety purpose will add new functionalities in the industry.
Silver nanoparticles market size from food & beverages was over USD 70 million in 2015. Improved packaging and active packaging, are major silver nanoparticles packaging type. Nanox, Brazil based nanotechnology has claimed to double the fresh milk shelf life by including silver nano powder. The product has Food Contact Substance approval from FDA.
Environmental concerns pertaining to rising GHG emissions is driving industry towards silver nanoparticles photovoltaic cells. Touchscreens, OLEDs, liquid crystal displays are other prominent application. Other applications of the silver nanoparticles market include water treatment, paints & coatings, and cleaning products. The material is widely used to paint marines and oil & gas equipment to have prevention from water borne bacteria and fungi.
Silver Nanoparticles Market, By Region
U.S. silver nanoparticles market generated over USD 300 million revenue in 2015. Expansion in food & beverages industry along with increasing food safety standards has influenced regional industry growth. Clothes sterilization is gaining popularity due to rising health safety concerns among workers.
Germany silver nanoparticles market is majorly influenced by the healthcare industry. Overall Europe healthcare & life sciences application accounted for over 30% of the regional demand. High consumer spending on medical services along with regulatory compliance for health safety contributed to the regional industry share.
South Korea and China silver nanoparticles market share are key contributing countries in Asia Pacific. Being the leading manufacturer and supplier of the electronic goods along with favourable FDI policies are the key factors supporting industry growth. For instance, Samsung has manufactured its silver ion coating washers for anti-bacterial effect. MEA is foreseen to witness significant growth in healthcare & life sciences segment.
Competitive Market Share
Silver nanoparticles market share is competitive in nature with Emfutur Technologies, NanoHorizons, Nanocs, Nanoshel, Cima Nanotech, Cline Scientific, American Elements, and Applied Nanotech being the key industry participants. R&D investments and mergers & acquisitions across the value chain to build strong distribution channel is among the key strategies.
Other notable companies in the silver nanoparticles market are Bayer, Ames Goldsmith, Meliorum Technologies, and Advanced Nano products. The silver nanoparticles industry expects more investment on biosynthetic method which as they are environment friendly as well as less expensive in nature.
Silver Nanoparticles Industry Background
Nanotechnology is an imperative field of cutting edge research managing plan, synthesis and control of molecule structures extending from around 1-100 nm. It is estimated that their use will significantly increase in the next decade. Nanoparticles (NPs) have extensive variety of utilizations in areas includes cosmetics, food & feed, healthcare, optics, mechanics, chemical industries, textiles, electronics, light emitters, nonlinear optical gadgets, and photograph electrochemical applications.
Nano silver is among the most potential nanomaterials for consumer products. As anti-bacterial agents, the materials are used for disinfecting medical devices, home appliances, and water treatment. Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), and Vacuum Evaporation on Running Liquids (VERL) are three vapor methods. Chemical synthesis methods include Sol-gel approach, colloidal chemistry, and hydrothermal methods. Gas phase synthesis methods are flame pyrolysis, electro-explosion, laser ablation, plasma synthetic techniques. Other novel production methods include biological/ biomimetic techniques and Superficial Fluid (SCFs) precipitation process.
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