Silver Nanowires Market size is projected to grow at 26.5% CAGR and industry expects consumption of above 11 tons by 2025. Growing demand for highly conductive material in order to manufacture optical, chemical and thermal products may drive silver-based nanowires market size by 2025.
The products posse’s noble properties including strong optical transmittance and conductivity, thereby used in thermal and anti-microbial applications. These products are next generation TEC (Transparent Conductive Electrodes) for semi-conductor devices due to their high optical transmittance, flexibility, low manufacturing cost and compact sheet resistance.
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COVID 19 outbreak had a significant impact on the global silver nanowires market. To stop the spread of COVID 19 virus, governments across the globe-imposed lockdowns, including temporary shutdown of operation in industrial units. This resulted in decline in silver nanowires production. Silver nanowires are widely used in electronics and optics industry due to their anti-microbial efficacy & low toxicity. Thus, the temporary shutdown of end-user industries also decreases the nanowires demand. Also, government initiatives focusing on solar energy across the globe as well as ongoing solar projects are also put on hold, impacting the silver nanowire usage. However, once the market is stable due to increasing necessity of solar power it is anticipated the market will grow significantly over the forecast period.
Silver based nanowires exhibits unique bond of valance electrons, thus making them ideal for conductive applications. These products have wide surface area, strong electrical conductivity, and high aspect ratio, thereby can be used as a replacement for indium tin oxide in transparent conductive layers. Properties including surface morphology and mechanical adhesion enable silver-based nanowires to have application in optoelectronic devices as transparent conductors.
Characteristics including ready availability, low light interference, strong transmission and low haze will promote product demand by 2025. Silver based nanowire is highly flexible and therefore used in flexible substrates as their dispersion inks in to roll coatings. Growing demand for alternatives to ITO owing to increasing product cost due to depletion of indium source may foster the silver nanowires market share in projected timeline.
|Silver Nanowires Market Size in 2018:||295 Million (USD)|
|Forecast Period:||2019 to 2025|
|Forecast Period 2019 to 2025 CAGR:||26.5%|
|2025 Value Projection:||1.5 Billion (USD)|
|Historical Data for:||2014 to 2018|
|No. of Pages:||250|
|Tables, Charts & Figures:||437|
|Segments covered:||Size, Application, and Region|
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Silver based nanowires have wide applications in electronics and optics industry for their anti-microbial efficacy & low toxicity. Growing product usage in photovoltaics, chemical and biological sensors owing to its unique electrical, thermal, and optical properties may boost industry size in forecast timeframe. These nanowires are also utilized in conductive inks, fillers and pastes due to high electrical conductivity, low sintering temperature and stability, thus propelling the silver nanowires market demand.
Increasing product utilization for photonic, coatings, and molecular diagnostics owing to its anti-microbial properties due to continuous release of silver ions which provide protection against bacteria will favor industry growth. These products are also utilized in textiles, wound dressings, keyboards, and bio medical devices will stimulate the silver nanowires market by 2025.
These products possess strong mechanical hold and suppleness which allows them to have application in modern LEDs and carbon-based solar cells. These products are transparent conductors and have very low shunt resistance and strong optical and electrical presentation. These factors will propel industry growth in forecast timeline.
Vulnerability to damage by high energetic ultraviolet radiation along with lack of efficiency in harsh environmental conditions may hamper industry growth. Lack of proper infrastructure for product manufacturing along with high investment costs may affect the Silver nanowires market trend.
The 40nm is estimated to surpass USD 100 million by the end of 2025. It is widely utilized in optical and chemical application owing to low sheet opposition, strong ophthalmic transmission, and elasticity. Growing product demand for optoelectronic including LED’s, LCD’s, touch screens and solar cells will favor market growth in forecast timeframe.
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Silver nanowires market share from antimicrobial application may grow over 21.5% in anticipated timeline. These products are largely incorporated in wound dressing, cosmetics, footwears, apparels, and plastics owing to their antibacterial properties to prevent or cure bacterial infection which may stimulate industry growth.
The North America 30nm product market was valued at over USD 50 million in 2018,and is expected to reach around USD 285 million by 2025, at a CAGR of around 25% from 2019 to 2025.
Asia Pacific, led by South Korea, Japan, India and China silver nanowires market share is estimated to witness gains of up to 25% in forecast timeframe. Growing demand for light weight products in medical, electronics and optical industry to increase the efficiency will promote industry size in forecast timeline. Product utilization in magnetic devices, circuit boards and sensors may further propel regional industry share by 2025.
Europe, led by UK, Italy, France and Germany silver nanowires market share may surpass USD 300 million by 2025 owing to growing electronics and medical sector. The product is used for providing conductive coatings in see through conductors which can be utilized in electronics industry. It is also used in biosensors and biological tags in quantitative detection. Growing utilization in material, biomedical, antimicrobial, and optical applications will favor the silver nanowires market demand.
Global silver nanowires industry is slightly consolidated major manufacturers includes
Manufacturers are currently focused developing cost-effective production techniques along with extensive R&D activities in order to produce new and sustainable products.
These products have strong optical and conductive properties which can be utilized in sensors and medical devices. The product size in less 100nm due to which it is used in medical and electronics sector. It possesses strong stability and low sintering temperature due to which it is also used in photonic devices. Silver based nanowires owing to its anti-microbial properties are utilized in textile and wound dressings. Growing end-use of the product along with extensive R&D will foster industry gains by 2025.
Silver nanowires market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2014 to 2025, for the following segments:
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The above silver nanowires market information is provided on a regional and country basis for the following: