Global Silver
Nanoparticles Market is expected to reach USD 2.45 billion by 2022,
according to a new study by Grand View Research, Inc. Rising demand for
antimicrobial materials in healthcare applications is expected to drive silver
nanoparticles market over the forecast period. Development of high-end
electronics coupled with growing demand for gadgets is expected to promote
silver nanoparticle market growth over the next seven years.
Healthcare was the largest application segment, accounting
for over 30% of global silver nanoparticles market revenue in 2014. Growth of
the healthcare market on account of growing consumer awareness regarding
general well-being, increasing geriatric population and rise in disposable
income is expected to augment silver nanoparticles market. Increasing demand
for antimicrobial textiles on account of rising consumer awareness regarding
hygiene is anticipated to stimulate market growth.
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Further key findings from the study suggest:
- Increasing application scope of silver nanoparticles in transparent conductors, which are widely used in touch screens, LED & OLED display and lighting coupled with growing demand for high-end gadgets is expected to drive market growth.
- North America dominated the global silver nanoparticles market in 2014 accounting for over 35% of the market in terms of volume and the trend is anticipated to continue over the forecast period. Rising awareness regarding prevention of hospital acquired diseases is expected to play an important role in promoting silver nanoparticles use in medical devices & equipment and textiles.
- Increasing application scope of silver nanoparticles in children’s toys in order to reduce spread of diseases by minimizing surface antimicrobial activities is expected to open new opportunities for market growth over the forecast period.
- Emergence of nanofinished textiles for odor control and curb growth of infection causing bacteria is expected to propel silver nanoparticles market demand.
- Presence of stringent regulatory framework, particularly in North America and Europe, is anticipated to hamper silver nanoparticles market. Furthermore, numerous studies have been undertaken to ascertain harmful effects of nanosilver to the environment, which is further anticipated to restrain market growth.
- Key players present in the global silver nanoparticle market include Emfutur Technologies, Meliorum Technologies Inc, Nanoshel, NanoHorizons and Cline Scientific AB. The market is characterized by companies developing proprietary manufacturing technologies. For instance, Cima Nanotech developed SANTE (Self Assembling Nanotech Technology), an innovative self-assembling coating material.
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@ http://www.grandviewresearch.com/industry-analysis/silver-nanoparticles-market/request
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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