Silver Nanoparticles Market Research, 2030
The silver nanoparticles market was valued at $1.5 billion in 2020, and is projected to reach $6.6 billion by 2030, growing at a CAGR of 15.6% from 2021 to 2030.
Silver nanoparticles (nanosilver) are one of the most commonly used nanomaterials because of their high electrical conductivity, optical properties, and anti-microbial properties. The biological activity of silver nanoparticles depends on factors such as particle composition, size distribution, surface chemistry, size; shape, coating/capping, particle morphology, dissolution rate, agglomeration, efficiency of ion release, and particle reactivity in solution.
Factors contributing toward silver nanoparticles market growth include rise in demand for silver nanoparticles for anti-microbial applications and increase in demand from electronics sector. In addition, increased demand from pharmaceutical industry as it is used in the field of biomarkers, biosensors, implant technology, tissue engineering, nanorobots & nanomedicine, and image enhancement devices. The bactericidal activity of silver nanoparticles is due to the silver cations, which have the potential to disrupt physiological activity of microbes such as bacteria. Growth in concerns regarding environmental impact and toxicity of silver nanoparticles is hindering the silver nanoparticles market. Furthermore, high nanosilver product prices are likely to hinder market growth during the forecast period. On the contrary, rise in trend of biological synthesis method is expected to create lucrative opportunities for the market during the forecast period.
The silver nanoparticles market is segmented on the basis of synthesis method, shape, application, and region. Based on synthesis method, the market is divided into wet chemistry, ion implantation, and biological synthesis. On the basis of shape, the silver nanoparticles market is categorized into spheres, platelets, rods, colloidal silver particles, and others. Based on the application, the silver nanoparticles market is divided into healthcare & life science, textile, electronics & IT, food & beverages, pharmaceuticals, cosmetics, water treatment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The silver nanoparticles market share is analyzed across all segments and regions.
The market analysis covers in-depth information of the major industry participants. Some of the major players in the silver nanoparticles market include Advanced Nano Products, American Elements, Ames Goldsmith, Cerion LLC, Dune silver, E. Merck KG, Meliorum, MKnano (M K Impex Corp.), Nanocomposix, Nanocs Inc., Nanogap Sub-nm-powder, S.A., NANOGRAFI Co. Inc., Nanopure, Nanoshel, Novacentrix, PEN Inc., Prime Nanotechnology Co.,Ltd., Strem, Tecnan, Thermo Fisher Scientific, and US Research Nanomaterials Inc.
Other players in the value chain of the silver nanoparticles market includeEmfutur Technologies, Bayer, BASF, BBI Solutions, Sukgyung AT Co., Ltd., QuantumSphere, Inc., KCIL-NanoXpert Technologies, Microspheres-Nanospheres, and others. The key players are adopting numerous strategies such as product launch, business expansion, acquisition, partnership, collaboration, joint venture, and agreement to stay competitive in the silver nanoparticles market. For instance, NanoComposix signed an agreement with Amplicon Biotech to extend product distribution to consumers across India. Amplicon Biotech is a manufacturer that provides research, pharmaceutical, and diagnostic centers across India with life science reagents & supplies,technical, and instrumentation support.
By Synthesis Method
Biological Synthesis is projected as the most lucrative segment.
Silver Nanoparticles Market, By Synthesis Method
By synthesis method, the biological synthesis segment is expected to grow at the fastest growth rate during the forecast period. This is attributed to increase in awareness toward environmental pollution caused by chemical synthesis methods. This has resulted in the development and adoption of environment-friendly materials in the silver nanoparticles production, which in turn drives the growth of the market globally.
By Shape
Colloidal Silver Particles is projected as the most lucrative segment.
Silver Nanoparticles Market, By Shape
By shape, the colloidal silver particle is anticipated to grow at the fastest growth rate during the projection period. It is expected to grow at a growth rate of 16.5% during the forecast period, in terms of revenue. Growth in awareness of silver colloidal particles regarding nutritional benefits is one of the factors driving the market. It has been gaining momentum across the food and pharmaceutical industries. In recent times, new paths have opened up across the nutraceuticals segment.
By Application
Pharmaceuticals is projected as the most lucrative segment.
Silver Nanoparticles Market, By Application
By application, the pharmaceutical segment is expected to grow at the fastest growth rate during the forecast period, in terms of volume and revenue. This is attributed to rise in demand for silver nanoparticles in application such as disinfectants. This is owing to its ability to kill various bacteria and viruses.
By Region
Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
Silver Nanoparticles Market, By Region
Region wise, Asia-Pacific is expected to be the fastest growing region in terms of volume as well as revenue. This is attributed to factors such as rise in health care, electronics, and pharmaceutical sector in developing countries such as India, China, and others. Because of the enormous production capacity of the consumer electronics sectors, which rely on nanoparticles, Asia-Pacific dominated the global silver nanoparticles industry, with over half of all processes taking place in South Korea and China. In terms of nanosilver demand, China is among the leaders.
Key Benefits For Stakeholders
- The silver nanoparticles market is studied from 2020 to 2030.
- The report provides an in-depth analysis of the market along with the current and future silver nanoparticles market trends.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- A comprehensive analysis of the factors that drive and restrain the silver nanoparticles market growth is provided.
- The qualitative data in this report aims on market dynamics, silver nanoparticles market trends, and developments.
- The silver nanoparticles market size is provided in terms of tons and $million.
Impact Of Covid-19 On The Silver Nanoparticles Market
- The outbreak of COVID-19 has affected the demand as well as the manufacturing in supply regions.
- The outbreak of the COVID-19 in China disturbed numerous industries such as electronics, textile, and others, in starting months of 2020 which disturbed the demand for silver nanoparticles.
- The COVID-19 crisis has affected the chemical industry supply chain to a major extent; thus, having a major impact on raw material procurement.
- Global production of electrical & electronics products decreased in March 2020. This was attributed to labor and raw material shortages as well as government-implemented shutdowns.
- R&D programs on nanosilver in various application, such as electronics and textile were hindered, owing to the spread of COVID-19 in several countries. This was attributed to reduction in government’s revenue due to COVID-19 in numerous countries.
- The demand for nanosilver from industries, such as pharmaceutical and food & beverages has increased owing to the COVID-19 pandemic.
Silver Nanoparticles Market Report Highlights
| Aspects | Details |
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 By Shape |
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 By Application |
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Analyst Review
As per the perspective of the CXOs of leading companies, the silver nanoparticles market is witnessing significant demand for medical textiles from the healthcare sector. In the coming years, there will be a considerable demand for medical textile from developed regions, owing to rise in awareness about antimicrobial properties of silver nanoparticles (nanosilver). The growing healthcare industry in emerging economies is one of the major factors expected to offer lucrative opportunities in the coming years for the key market players operating in the market. Furthermore, the convergence of technologies has led in strong demand for consumer gadgets, such as entrainment, telecommunication equipment, and home appliances. Different streams, such as video, information technology, and digital audio, have fused into a single, comprehensive business with the arrival of the convergence revolution. These technological advancements are projected to replace traditional electronic components, such as indium tin oxide (ITO), traditional batteries, capacitors, and other components and thus, boosting the silver nanoparticles market.
In addition, increase in application scope because of its superior properties, rise in demand from various industries, the government funding and support are also some of the factors propelling the market growth.
However, factors such as stringent environmental regulations and high fluctuations in price of silver nanoparticles may hamper the market growth. Currently, the electrical & electronics, pharmaceuticals, food & beverage, clothing & textile, personal care & cosmetics, and water treatment segments are the major end-user markets for silver nanoparticles.
Rise in demand for anti-microbial applications and increased demand from electronics sector is boosting the silver nanoparticles market growth.
The market value for silver nanoparticles market in 2020 is $1.5 billion in 2020 and it is expected to reach $6.6 billion in 2030 growing at a CAGR of 15.6%.
Advanced Nano Products, American Elements, Ames Goldsmith are some of the major companies in silver nanoparticles industry
The pharmaceutical industry is expected to increase the demand for silver nanoparticles.
On the basis of synthesis method, wet chemistry segment garnered highest share in the silver nanoparticles market.
The rising trend of biological synthesis and increased demand for silver nanoparticles (nanosilver) owing to its antimicrobial properties is the main driver of silver nanoparticles market.
Pharmaceuticals, electronics and textile are some of the applications expected to drive the adoption of silver nanoparticles
The increased demand from pharmaceutical industry during COVID-19 has boosted the demand for silver nanoparticles. However, the disturbed transportation services in demand and supply regions along with poor performance of some of the end users are hindering the growth of the market.
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