Market Research Company- TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries.
Friday, 11 October 2019
Asia Pacific to Register Highest CAGR in Nano-silver Market During Forecast Period
Rapid industrialization and increasing investment in healthcare sector to drive global nano-silver market during forecast period
According to TechSci Research report, “Global Nano Silver Market By Purity Level, By Application, By End-user, By Region, Competition, Forecast & Opportunities, 2024”, global nano-silver market is expected to grow at a CAGR of around 16% during the forecast period. Nano-silvers are witnessing adoption in various end user industries owing to their superior properties including small size, high conductivity along with thermal and antimicrobial characteristics of nano-silver has resulted in application growth such as water & air purifier, hair dryer, washing machines, socks, drugs, medical devices and food packaging. However, high cost coupled with huge investments for production technology development of nano-silver is likely to hamper the growth of the market during forecast period. Additionally, fluctuations in silver prices is adversely impacting the nano-silver market.
Global nano-silver market is segmented based on purity level, application, end user, region and company. Based on application, the market can be segmented into diagnostic, antibacterial, conductive and optical. Of all, the antibacterial application dominates the market owing to its growing applications in hospital doorknobs & handrails and medical device coatings. Additionally, nano-silver is extensively used for the production of bandages, surgical blades, and for wound dressing. Based on end user, the market can be fragmented into electrical & electronics, pharmaceuticals, clothing & textiles and others. The pharmaceuticals segment is expected to register the highest growth during forecast period on account of antimicrobial properties of nano-silver due to which it is finding application in pharmaceutical sector.
Nano Silver Manufacturing SDN BHD, Advanced Nano Products Co. Ltd., Ames Goldsmith Corp., Creative Technology Solutions Co. Ltd, Applied Nanotech, Inc., Clariant International Ltd., ras materials GmbH, SILVIX Co., Ltd., NovaCentrix, C3NANO, among others are some of the leading players operating in global nano-silver market.
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“Asia-Pacific is expected to be the fastest growing region in global nano-silver market during the forecast period, owing to the growing investments in electronics, construction and medical industries in the region. Additionally, continuous technological advancements and healthcare improvements are further likely to contribute to the growth of the market. Furthermore, industries including textile, food, personal care, and water treatment are also creating pathways for the nano-silver market to grow in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Nano-silver Market By Purity Level, By Application, By End-user, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global nano-silver market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global nano-silver market.
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