Nanosilver Market size is poised to
exceed USD 3.3 billion by 2024; according to a new research report by Global
Market Insights, Inc.
Robust demand for anti-microbial
coating across food & beverage industry, healthcare, consumer applications,
personal care, etc. will boost nanosilver market size. This is chiefly due to
anti-microbial properties possessed by product which helps across several
applications in the aforementioned industries. For instance, in the medical
industry, product is used to manufacture tubes, bandages, ointments, etc.
Sturdy growth in nano-technology based
consumer electronics in North America will help in attaining promising gains in
the nanosilver market size in the coming years. It is extensively used in
manufacturing electronic devices & equipment owing to its high thermal
& electrical conductivity in inks, pastes and adhesives. Increasing demand
for superconductors is expected to bolster growth of the nanosilver market
which is credited to space restraints which is otherwise required for
conventional cables. In addition, demand for nanosilver inks is growing due to
need for higher resolution ink required in printed electronics, especially in
gravure, inkjet and flexographic printing. These trends are anticipated to make
noteworthy contribution to nanosilver market size.
Strict laws and standards formulated by the U.S. EPA, FIFRA and other regulatory agencies against product applications due to its harmful implications on environment & human health will obstruct nanosilver market size. In addition, high product cost will be another factor which is likely to hinder nanosilver market size.
Strict laws and standards formulated by the U.S. EPA, FIFRA and other regulatory agencies against product applications due to its harmful implications on environment & human health will obstruct nanosilver market size. In addition, high product cost will be another factor which is likely to hinder nanosilver market size.
Nanosilver market size for physical
mode of synthesis attained a prominent industry size which is anticipated to
rise at a moderate rate by 2024. In physical mode, it is synthesized by
evaporation and condensation which is carried using tube furnace at atmospheric
pressure. However, this mode is not preferred for product generation as tube
furnace occupies large space and consume large amount of energy which needs
significant amount of time to achieve thermal stability. Biological and
chemical reduction mode of synthesis are usually preferred owing to several
advantages including cost-effectiveness, energy efficient, etc. which is likely
to help propel nanosilver market size in the forecast spell.
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Water treatment industry for
nanosilver market size will witness growth close to 11% during the forecast
timespan. This is primarily due to improving standards & legislations
towards human health & environment primarily in the emerging economies
which is likely to drive product demand over the projected timeframe. Product
is extensively used as a disinfectant in drinking water supplies due to its
biocidal properties.
In 2016, Asia Pacific nanosilver
market size contributed close to USD 300 million. Considerable industry growth
rate will be witnessed in the region owing to sturdy pace of food &
beverage, water treatment, personal care, textile and healthcare industry which
is credited to improving socioeconomic factors. Moreover, improving health
standards in Asia Pacific led to formulation of strict legislations to improve
human health & environment is another factor which is likely to contribute
effectively towards nanosilver market size in the coming years.
Key nanosilver industry share
contributors are Creative Technology, Blue Nano, NovaCentrix, NanoMas
Technologies, RAS, SILVIX, Bayer MaterialScience, Cambrios Technologies and
Inkron.
Read Our
Press Release on PRNewswire:
https://www.prnewswire.com/news-releases/nanosilver-market-to-hit-33bn-by-2024-global-market-insights-inc-651224703.html
https://www.prnewswire.com/news-releases/nanosilver-market-to-hit-33bn-by-2024-global-market-insights-inc-651224703.html
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Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available
for key industries such as chemicals, advanced materials, technology, renewable
energy and biotechnology.
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