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.