Silver Nanowires Market size worth over $1.5 billion by 2025
Published Date: July 22, 2019 Authors: Kunal Ahuja, Sonal Singh
According to a new research report by Global Market Insights Inc., the Silver Nanowires Market size is set to surpass USD 1.5 billion by 2025.
Rising demand for micro-integration of electronic products, especially from medical science industry is driving the development of new and innovative technologies including nanowires manufactured using silver. High flexibility and optical transparency supported with better electrical conducting properties, essential for producing electronic and optoelectronic equipment is likely to fuel silver nanowires market growth over the forecast period.
These products are nanostructures of silver with diameter of 10-9 m and imparts electrical, optical, and thermal properties. It can be synthesized using polyol method, template method, rapid synthesis, and electroless deposition. It is utilized in wide variety of products from biological sensors and photovoltaics. Properties including efficiently absorbing and scattering light makes the product suitable for medical imaging devices, thereby driving market size.
Silver based Transparent conductive films (TCF) are widely utilized in optoelectronic devices. Its characteristics are extremely significant for device performance. Nanomaterial based TCF’s is replacing commonly utilized, brittle and scarce indium tin oxide (ITO), thus favoring industry growth by the end of 2025.
Browse key industry insights spread 250 pages with 422 market data tables & 15 figures & charts from the report, “Silver Nanowires Market Size, By Size (Silver Nanowires 30nm, 40, 60nm, 80nm), By Application (Optical[Solar, Medical Imaging, Surface Enhanced Spectroscopy, Optical Limiters], Conductive[High-Intensity LEDs, Touch Screens, Conductive Adhesives Sensors], Anti-Microbial[ Air & Water Purification, Bandages, Films, Food Preservation, Clothing], Chemical & Thermal[Catalysts, Pastes, Conductive Adhesives‚ Polymers, Chemical Vapor Sensors), Regional Outlook, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Silver nanowires market share from 30nm estimated to exceed USD 900 million in estimated timeframe. Properties of nanowires based TCF’s usually depend on overall network morphology and nanowires structure in terms of diameter, length and aspect ratios. Lesser diameter of the product is likely to enable high transparency, low sheet resistance and low haze supported with superior mechanical strength and compliance of silver. Scarcity of ITO resources along with superior characteristics of these nanowires which improves TCF performance. These factors are likely to foster industry size by 2025.
Optical application may observe gains of over 28.5% in the estimated timeline. The products are widely utilized to efficiently harvest light as well as for improved optical spectroscopies including surface enhanced Raman scattering (SERS) and metal-enhanced fluorescence (MEF). Rise in global spectroscopy market on account of its growing applications in bio-life sciences and pharmaceutical for determining elemental composition of materials may trigger optical industry growth, thereby driving product demand.
Silver nanowires market share from conductive is likely to exceed USD 200 million by the end of 2025. Recent discoveries and innovation in technology is replacing the use of conventional ITO electrodes in touchscreen and smartphones with silver nanowires. It has proved to be flexible and transparent, which is of specific interest for innovative stretchable, flexible and organic electronics application. Increasing awareness regarding new flexible display technology including e-papers and foldable smartphone is likely to drive product demand. Rapid adoption of innovative may foster demand for consumer electronics including smartphones and tablets, thus driving industry size by the end of 2025.
Silver nanowires market from chemical vapor sensors application may witness gains of 19.5% in forecast timeline. The product due to its flexibility, light weight and very conductivity is utilized in manufacturing chemical vapor sensors, thereby driving product demand in anticipated timeline.
Silver nanowires industry share is moderately fragmented. Key players in the industry include Sigma-Aldrich, Nanowerk, LLC, Johnson Mathey Plc, RAS AG Material Technologies, Showa Denko K.K., NanoTech Labs Inc, TPK, Conductive Compounds, Inc., C3Nano, Hefei Vigon Material Technology, Nanopyxis. Companies are majorly focusing on innovation and increasing production capacities to cater worldwide silver nanowires market demand. Manufacturers are extensively investing in new production techniques to produce sustainably. Strategic initiatives along with competitive pricing may support growth in industry share over estimated timeframe.
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