Silver Nanoparticles Market Size

Silver Nanoparticles Market Size

Global silver nanoparticles market size surpassed USD 2 Billion in 2020 and is likely to grow at a CAGR of 14.5% by 2027. Increasing demand for novel drug delivery systems based on microsphere particles and polymeric nanoparticles to enhance the effectiveness of therapeutic drugs and technological advancements in nanoscience & technology & the growing awareness of unique biological, optical, thermal, electrical & chemical properties and high electricity conductivity of silver nanoparticles will accelerate industry growth.

Silver nanoparticles are colloidal metal nanoparticles, ranging up to 100nm in size. They are adopted in a wide range of industries such as engineering, biomedicine, and manufacturing. These products find growing adoption in active food packaging in combination with either edible or non-biodegradable polymers owing to their high antiviral, anti-yeast, antifungal, and antimicrobial properties.

Silver nanoparticles are increasingly incorporated in electronics owing to its high electrical conductivity and ability to be blended with various conductive polymers such as polyaniline, polythiophene, and polypyrrole. Favorable government regulations, growing demand for handheld consumer electronic devices, and growing work-from-home policies in the wake of the coronavirus pandemic will drive the electronic industry in the short to medium term and boost the silver nanoparticles market expansion.