This market research report presents the segmentation of the silver nanoparticles market by application (healthcare and life sciences, electronics, clothing and textile, and food and beverages) and by geography (APAC, Europe, North America, and ROW). The key vendors analyzed in this market report are Cima Nanotech, Cline Scientific, Emfutur, Meliorum, NanoHorizons, and Nanoshel.
Technavio has released updated information on its new market research report, global silver nanoparticles market, which is expected to grow at a high CAGR of around 16% between 2015 and 2019. The increased use of silver nanomaterials in antibacterial applications is driving the growth of this market. North America dominates the global market for silver nanoparticles, covering around 42% of the market share. The increase in the usage of silver nanoparticles in various industries such as electronics and healthcare is driving the market growth in this region. The North American silver nanoparticles market is expected to grow at a rate of around 15% during the forecast period.
“Growing demand for the non-toxic treatment of cancer has boosted the use of silver nanoparticles in colon cancer therapy. Honey bee based synthesized silver nanoparticles have a spherical shape are safe for cancer treatment. They have anti-proliferative effects and can kill cancer cells. Moreover, fluorescent silver nanoparticles have also found usage in detecting pathogens in water and reduce toxicity,” says Sriram Mohan, Lead Analyst, Metals & Minerals, Technavio Research.
Silver nanoparticles have proved advantageous in reducing carbon footprints. They are used in photovoltaic cells to generate energy and also aid energy conservation. For instance, windows containing silver reduce exposure to solar light by approximately 95%, thereby reducing the energy requirement in cooling. Silver nanoparticles also reflect light to run generators. They are also used for coating various appliances, which has lowered the usage of harsh chemicals.
The leading vendors in the global silver nanoparticles market are Cima Nanotech, Cline Scientific, Emfutur, Meliorum, NanoHorizons, and Nanoshel. The market is highly competitive and fragmented due to the presence of a number of suppliers in the global market. Vendors are establishing themselves by investments in R&D and a strong distribution network.
A more detailed analysis is available in the Technavio report, Global Silver Nanoparticles Market 2015-2019.
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