The
global nanosilver market was valued at USD 682.0 million in 2013 and
is anticipated to reach USD 1,845.6 million by 2020, expanding at a
CAGR of 15.4% between 2014 and 2020.
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Nanosilver Market Report with Full TOC at
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Increasing
demand for nanosilver-based consumer products, especially in
developed countries, coupled with growing antimicrobial applications
of nanosilver is expected to drive the global nanosilver market
during the forecast period. Additionally, shift towards
miniaturization of electronic products is projected to boost the
market. However, volatility in prices of silver and high price of
nanosilver over conventional silver is anticipated to hamper market
growth between 2014 and 2020. Novel applications in the field of
electronics, textile and medical are likely to create new
opportunities in the market in the next few years.
Electrical
& electronics industry dominated the global nanosilver market in
2013, accounting for over 37% of the global demand for nanosilver in
terms of volume. Increase in the number of nanosilver-based
electronic products such as air purifiers, water purifiers, washing
machines, refrigerators, and hair dryers is expected to drive the
nanosilver application in the electrical & electronics industry.
Healthcare emerged as the second largest consumer of nanosilver due
to excellent antibacterial properties of nanosilver. Additionally,
the industry is less price-sensitive. This further boosts the
nanosilver market. Other end-use industries such as personal care,
detergents, ATM machines and construction are anticipated to grow at
a significant rate during the forecast period. Emerging applications
of nanosilver in textiles include socks, hospital gowns and bedding.
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North
America dominated the global nanosilver market in terms of volume and
revenue in 2013. The region accounted for more than 41% share in
terms of volume in 2013. Rising demand for nanosilver-based products
in the U.S. is expected to augment the growth of the nanosilver
market in North America. In terms of volume, Asia Pacific is likely
to be the fastest growing region, expanding at a CAGR of over 13%
between 2014 and 2020. Shift of manufacturing units of electronic
products in Asia Pacific is anticipated to drive the nanosilver
market in the region. Demand for nanosilver is predominant in
applications such as water treatment, personal care and detergents in
Europe. The market for nanosilver in Europe is projected to grow at a
moderate pace during the forecast period.
The
global nanosilver market is fragmented in nature with no clear leader
and small production capacities. Leading industry participants
include Nano Silver Manufacturing Sdn Bhd, NovaCentrix, Advanced Nano
Products Co. Ltd., Ames Goldsmith Corporation, Creative Technology
Solutions Co. Ltd., Applied Nanotech Holdings, Inc., NanoMas
Technologies, Inc., ras materials - Zukunft clever gestalten, SILVIX
Co., Ltd. and Bayer MaterialScience AG.
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Press Release Of Nanosilver Market
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This
report segments the global nanosilver market as follows:
Nanosilver
Market - End-use Industries Analysis
- Electrical & electronics
- Healthcare
- Food & beverages
- Textile
- Water treatment
- Others (Including pesticides, plastics, detergents, etc.)
Nanosilver
Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
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Article Of Nanosilver Market
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