Global Nano Silver Market Report and Forecast 2023-2028

Global Nano Silver Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global nano silver market is projected to grow at a CAGR of 10.76% between 2023 and 2028. Aided by the growing demand for antimicrobial coatings in various industries and the broadening applications of nano silver, the market is expected to grow significantly by 2028.

Nano silver is a nano material produced from pure silver, characterised by its small particle size and increased surface area, leading to enhanced antimicrobial properties. These qualities make nano silver an integral ingredient in numerous applications, ranging from healthcare to electronics and water treatment. Its high antimicrobial potency makes it valuable for infection control, wound dressings, and as a biocidal agent in diverse fields.

The increasing demand for antimicrobial coatings is a primary driver propelling the global nano silver market growth. In the wake of ongoing public health concerns and the heightened focus on hygiene and sanitation, nano silver-based antimicrobial coatings are finding broader applications in healthcare settings, food and beverage production facilities, and public infrastructure. This, combined with the escalating need for effective solutions against biofilm formation and microbial contamination, has resulted in a surge in demand for nano silver.

Additionally, the expanding applications of nano silver across various sectors play a significant role in boosting the nano silver market demand. In the electronics industry, nano silver serves as an efficient conductive agent in printed electronics, batteries, and semiconductors due to its superior electrical conductivity. The healthcare industry utilises nano silver in various applications, including bandages for wound care, implant coatings, and as a biocidal agent in medical devices.

Moreover, the rising trend of nanotechnology in the cosmetics industry, where nano silver is used for its anti-ageing and anti-acne properties, has further contributed to the nano silver market expansion. The demand for nano silver in water treatment for its effective disinfection properties has also expanded, driven by the escalating global demand for clean and safe drinking water.

Researchers are creating silver nanoparticles with certain characteristics and sizes to increase their efficiency as antibacterial agents since nanotechnology makes it possible to manipulate materials at the nanoscale. Sol-gel synthesis, electrochemical deposition, and chemical reduction procedures are examples of advances in manufacturing techniques that have helped the commercial manufacture of nano silver in large quantities, which has fuelled the nano silver market expansion.

Market Segmentation

The market can be divided based on method of synthesis, end-user industry, and region.

Market Breakup by Method of Synthesis

• Physical Synthesis
• Biological Synthesis
• Chemical Synthesis

Market Breakup by End-User Industry

• Electrical and Electronics
• Pharmaceuticals
• Food and Beverage
• Clothing and Textile
• Personal Care and Cosmetics
• Water Treatment
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global nano silver companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Applied Nanotech, Inc.
• Ames Goldsmith Corporation
• American Elements
• Cerion LLC
• Meliorum Technologies, Inc.
• Dycotec Materials Ltd.
• NovaCentrix
• Merck KGaA
• NanoMas Technologies, Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.