Silver Nanoparticle Market Forecasts to 2030 – Global Analysis By Type (Spherical Silver Nanoparticles, Rod Shaped Silver Nanoparticles, Triangular Silver Nanoparticles and Other Types), Synthesis Method, Application and By Geography

Silver Nanoparticle Market Forecasts to 2030 – Global Analysis By Type (Spherical Silver Nanoparticles, Rod Shaped Silver Nanoparticles, Triangular Silver Nanoparticles and Other Types), Synthesis Method, Application and By Geography


According to Stratistics MRC, the Global Silver Nanoparticle Market is accounted for $2.4 billion in 2023 and is expected to reach $7.6 billion by 2030 growing at a CAGR of 17.6% during the forecast period. Silver nanoparticles exhibit unique properties including antimicrobial, conductive, and optical characteristics, making them highly sought after for a range of products and processes. Additionally, they are utilized in textiles for their antibacterial properties, enhancing the performance of fabrics in medical textiles and sportswear. These nanoparticles typically range in size from 1 to 100 nanometers and possess unique physical and chemical properties due to their small size and high surface area-to-volume ratio.

According to the July 2020 article by the National Center for Biotechnology Information (NCBI), the involvement of these living organisms in the production of silver nanoparticles through biological synthesis makes the process economic and environmentally friendly.

Market Dynamics:

Driver:

Rising demand in textile industry

Silver nanoparticles possess remarkable antimicrobial properties, making them highly sought-after for various textile applications. As consumers increasingly prioritize hygiene and health-conscious products, the textile industry seeks innovative solutions to embed antimicrobial features in fabrics, thereby enhancing their appeal. Silver nanoparticles offer a versatile solution, enabling the production of antimicrobial textiles that inhibit the growth of bacteria and fungi, reducing odor and promoting cleanliness. Moreover, the incorporation of silver nanoparticles in textiles extends the lifespan of products by preventing microbial degradation, thereby contributing to sustainability efforts through reduced waste.

Restraint:

High production costs

The synthesis of silver nanoparticles often involves complex and resource-intensive processes, including specialized equipment, raw materials, and precise control over reaction parameters such as temperature and pH. High costs can deter potential adopters, especially in industries where cost-effectiveness is paramount. The need for continuous innovation to improve production efficiency and reduce costs is essential for the widespread adoption of silver nanoparticles across various sectors. However, ensuring quality and consistency in nanoparticle production adds further complexity and cost.

Opportunity:

Advancements in nanotechnology

Nanotechnology has revolutionized material science by enabling precise manipulation and engineering of materials at the nanoscale, where silver nanoparticles exhibit unique properties. The continual progress in nanotechnology research has facilitated the development of innovative synthesis methods, enhancing the production efficiency and scalability of silver nanoparticles. These advancements have led to the creation of silver nanoparticles with tailored characteristics, such as size, shape, and surface chemistry, optimizing their performance in various applications.

Threat:

Agglomeration issues

Silver nanoparticles have a propensity to agglomerate or clump together, reducing their surface area and compromising their effectiveness in various applications. Agglomeration can occur during synthesis, storage, processing, or integration into end products, leading to challenges in achieving uniform dispersion and stability. These issues not only affect the performance and functionality of silver nanoparticles but also increase production costs and hinder their widespread adoption across industries. Addressing agglomeration requires innovative strategies such as surface modification, functionalization, or encapsulation to enhance stability and prevent particle aggregation.

Covid-19 Impact

Initially, there was a surge in demand for silver nanoparticles due to their antimicrobial properties, which were utilized in various medical applications such as disinfectants, personal protective equipment, and healthcare products. Disruptions in the global supply chain and manufacturing processes led to challenges in meeting this heightened demand. Economic uncertainties and reduced consumer spending affected the market negatively, particularly in industries such as electronics and textiles, where silver nanoparticles are utilized for their conductive and antibacterial properties. However, despite these challenges, the pandemic also stimulated research and development efforts in utilizing silver nanoparticles for novel antiviral technologies, driving potential future growth in the market as awareness of their benefits increases and new applications emerge.

The Spherical Silver Nanoparticles segment is expected to be the largest during the forecast period

Spherical Silver Nanoparticles segment has been experiencing notable growth during the anticipated period as it offers high surface area-to-volume ratios, enhancing their efficacy in various applications such as antimicrobial coatings, catalysis, and medical treatments. Their uniform shape allows for precise control over properties like size, dispersibility, and surface chemistry, making them attractive for research and commercial applications alike. Additionally, advancements in synthesis techniques have made production more scalable and cost-effective, further driving market growth. As industries increasingly recognize the benefits of spherical silver nanoparticles and invest in research and development, this segment is poised for continued expansion, contributing significantly to the overall growth and diversification of the silver nanoparticle market.

The Biological Synthesis segment is expected to have the highest CAGR during the forecast period

Owing to its sustainable and environmentally friendly production methods, Biological Synthesis segment is estimated to witness enhanced growth throughout the overcast period. Utilizing biological entities such as bacteria, fungi, plants, and algae to synthesize silver nanoparticles offers several advantages over traditional chemical methods. These include lower energy consumption, reduced use of toxic chemicals, and the ability to harness natural mechanisms for nanoparticle formation, resulting in higher purity and uniformity. Moreover, biological synthesis techniques often produce nanoparticles with unique properties and functionalities, expanding their potential applications in fields such as medicine, agriculture, and environmental remediation.

Region with largest share:

Due to the rapid industrialization and urbanization across countries like China, India, and South Korea have led to increased demand for advanced materials in various sectors such as electronics, healthcare, and textiles, Asia Pacific region is poised to hold enormous growth during the prognostication period of time. Additionally, the region's robust research and development infrastructure coupled with government initiatives promoting nanotechnology further fuel the market expansion. Furthermore, with stringent regulations encouraging the use of safe and sustainable packaging solutions, silver nanoparticles emerge as a compelling choice for combating microbial contamination and preserving food freshness in the region.

Region with highest CAGR:

As consumers increasingly prioritize food safety and longevity, manufacturers seek innovative solutions to extend shelf life and ensure product integrity, Europe region is estimated to gain considerable growth over the prognosis period. In this region, silver nanoparticles offer a potent solution, as their small size provides a large surface area for contact with pathogens, effectively inhibiting their growth and proliferation. Silver nanoparticles exhibit low toxicity to humans when used within regulatory limits, making them an attractive option for enhancing food packaging materials. These elements are boosting the regional growth.

Key players in the market

Some of the key players in Silver Nanoparticle market include Advanced Nano Products, Ames Goldsmith Corporation, Cima NanoTech Inc, Meliorumtechnologies, INC, Nanogap Sub-Nm-Powder, S.A, Nanografi Co. Inc, Nanoshel LLC, Prime Nanotechnology Co.,Ltd and Solaris Nanosciences Corporation.

Key Developments:

In August 2022, Advanced Nano Products (ANP), a Korean supplier of carbon battery nanomaterials used in electric vehicle battery production, will locate in Hardin County with a $49.6 million investment creating 93 high-wage jobs to supply battery producers including BlueOvalSK Battery Park. To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $2.6 million in tax incentives based on the company’s investment of $49.6 million

In May 2020, US-based company nanoComposix, which provides silver nanoparticles, has signed a deal to expand product distribution to customers across India. nanoComposix deals with multiple nanoparticle products which are used in anti-microbials, optical displays, drug delivery, among other applications, and through this agreement, more silver nanoparticles will be incorporated.

Types Covered:
• Spherical Silver Nanoparticles
• Rod Shaped Silver Nanoparticles
• Triangular Silver Nanoparticles
• Other Types

Synthesis Methods Covered:
• Ion Implantation
• Wet Chemistry
• Biological Synthesis
• Other Synthesis Methods

Applications Covered:
• Electronics & Information Technology
• Healthcare and Life Sciences
• Pharmaceutical
• Water Purification
• Cosmetics
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Silver Nanoparticle Market, By Type
5.1 Introduction
5.2 Spherical Silver Nanoparticles
5.3 Rod Shaped Silver Nanoparticles
5.4 Triangular Silver Nanoparticles
5.5 Other Types
6 Global Silver Nanoparticle Market, By Synthesis Method
6.1 Introduction
6.2 Ion Implantation
6.3 Wet Chemistry
6.4 Biological Synthesis
6.5 Other Synthesis Methods
7 Global Silver Nanoparticle Market, By Application
7.1 Introduction
7.2 Electronics & Information Technology
7.3 Healthcare and Life Sciences
7.4 Pharmaceutical
7.5 Water Purification
7.6 Cosmetics
7.7 Other Applications
8 Global Silver Nanoparticle Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Advanced Nano Products
10.2 Ames Goldsmith Corporation
10.3 Cima NanoTech Inc
10.4 Meliorumtechnologies, INC
10.5 Nanogap Sub-Nm-Powder, S.A
10.6 Nanografi Co. Inc
10.7 Nanoshel LLC
10.8 Prime Nanotechnology Co.,Ltd
10.9 Solaris Nanosciences Corporation
List of Tables
Table 1 Global Silver Nanoparticle Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Silver Nanoparticle Market Outlook, By Type (2021-2030) ($MN)
Table 3 Global Silver Nanoparticle Market Outlook, By Spherical Silver Nanoparticles (2021-2030) ($MN)
Table 4 Global Silver Nanoparticle Market Outlook, By Rod Shaped Silver Nanoparticles (2021-2030) ($MN)
Table 5 Global Silver Nanoparticle Market Outlook, By Triangular Silver Nanoparticles (2021-2030) ($MN)
Table 6 Global Silver Nanoparticle Market Outlook, By Other Types (2021-2030) ($MN)
Table 7 Global Silver Nanoparticle Market Outlook, By Synthesis Method (2021-2030) ($MN)
Table 8 Global Silver Nanoparticle Market Outlook, By Ion Implantation (2021-2030) ($MN)
Table 9 Global Silver Nanoparticle Market Outlook, By Wet Chemistry (2021-2030) ($MN)
Table 10 Global Silver Nanoparticle Market Outlook, By Biological Synthesis (2021-2030) ($MN)
Table 11 Global Silver Nanoparticle Market Outlook, By Other Synthesis Methods (2021-2030) ($MN)
Table 12 Global Silver Nanoparticle Market Outlook, By Application (2021-2030) ($MN)
Table 13 Global Silver Nanoparticle Market Outlook, By Electronics & Information Technology (2021-2030) ($MN)
Table 14 Global Silver Nanoparticle Market Outlook, By Healthcare and Life Sciences (2021-2030) ($MN)
Table 15 Global Silver Nanoparticle Market Outlook, By Pharmaceutical (2021-2030) ($MN)
Table 16 Global Silver Nanoparticle Market Outlook, By Water Purification (2021-2030) ($MN)
Table 17 Global Silver Nanoparticle Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 18 Global Silver Nanoparticle Market Outlook, By Other Applications (2021-2030) ($MN)
Table 19 North America Silver Nanoparticle Market Outlook, By Country (2021-2030) ($MN)
Table 20 North America Silver Nanoparticle Market Outlook, By Type (2021-2030) ($MN)
Table 21 North America Silver Nanoparticle Market Outlook, By Spherical Silver Nanoparticles (2021-2030) ($MN)
Table 22 North America Silver Nanoparticle Market Outlook, By Rod Shaped Silver Nanoparticles (2021-2030) ($MN)
Table 23 North America Silver Nanoparticle Market Outlook, By Triangular Silver Nanoparticles (2021-2030) ($MN)
Table 24 North America Silver Nanoparticle Market Outlook, By Other Types (2021-2030) ($MN)
Table 25 North America Silver Nanoparticle Market Outlook, By Synthesis Method (2021-2030) ($MN)
Table 26 North America Silver Nanoparticle Market Outlook, By Ion Implantation (2021-2030) ($MN)
Table 27 North America Silver Nanoparticle Market Outlook, By Wet Chemistry (2021-2030) ($MN)
Table 28 North America Silver Nanoparticle Market Outlook, By Biological Synthesis (2021-2030) ($MN)
Table 29 North America Silver Nanoparticle Market Outlook, By Other Synthesis Methods (2021-2030) ($MN)
Table 30 North America Silver Nanoparticle Market Outlook, By Application (2021-2030) ($MN)
Table 31 North America Silver Nanoparticle Market Outlook, By Electronics & Information Technology (2021-2030) ($MN)
Table 32 North America Silver Nanoparticle Market Outlook, By Healthcare and Life Sciences (2021-2030) ($MN)
Table 33 North America Silver Nanoparticle Market Outlook, By Pharmaceutical (2021-2030) ($MN)
Table 34 North America Silver Nanoparticle Market Outlook, By Water Purification (2021-2030) ($MN)
Table 35 North America Silver Nanoparticle Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 36 North America Silver Nanoparticle Market Outlook, By Other Applications (2021-2030) ($MN)
Table 37 Europe Silver Nanoparticle Market Outlook, By Country (2021-2030) ($MN)
Table 38 Europe Silver Nanoparticle Market Outlook, By Type (2021-2030) ($MN)
Table 39 Europe Silver Nanoparticle Market Outlook, By Spherical Silver Nanoparticles (2021-2030) ($MN)
Table 40 Europe Silver Nanoparticle Market Outlook, By Rod Shaped Silver Nanoparticles (2021-2030) ($MN)
Table 41 Europe Silver Nanoparticle Market Outlook, By Triangular Silver Nanoparticles (2021-2030) ($MN)
Table 42 Europe Silver Nanoparticle Market Outlook, By Other Types (2021-2030) ($MN)
Table 43 Europe Silver Nanoparticle Market Outlook, By Synthesis Method (2021-2030) ($MN)
Table 44 Europe Silver Nanoparticle Market Outlook, By Ion Implantation (2021-2030) ($MN)
Table 45 Europe Silver Nanoparticle Market Outlook, By Wet Chemistry (2021-2030) ($MN)
Table 46 Europe Silver Nanoparticle Market Outlook, By Biological Synthesis (2021-2030) ($MN)
Table 47 Europe Silver Nanoparticle Market Outlook, By Other Synthesis Methods (2021-2030) ($MN)
Table 48 Europe Silver Nanoparticle Market Outlook, By Application (2021-2030) ($MN)
Table 49 Europe Silver Nanoparticle Market Outlook, By Electronics & Information Technology (2021-2030) ($MN)
Table 50 Europe Silver Nanoparticle Market Outlook, By Healthcare and Life Sciences (2021-2030) ($MN)
Table 51 Europe Silver Nanoparticle Market Outlook, By Pharmaceutical (2021-2030) ($MN)
Table 52 Europe Silver Nanoparticle Market Outlook, By Water Purification (2021-2030) ($MN)
Table 53 Europe Silver Nanoparticle Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 54 Europe Silver Nanoparticle Market Outlook, By Other Applications (2021-2030) ($MN)
Table 55 Asia Pacific Silver Nanoparticle Market Outlook, By Country (2021-2030) ($MN)
Table 56 Asia Pacific Silver Nanoparticle Market Outlook, By Type (2021-2030) ($MN)
Table 57 Asia Pacific Silver Nanoparticle Market Outlook, By Spherical Silver Nanoparticles (2021-2030) ($MN)
Table 58 Asia Pacific Silver Nanoparticle Market Outlook, By Rod Shaped Silver Nanoparticles (2021-2030) ($MN)
Table 59 Asia Pacific Silver Nanoparticle Market Outlook, By Triangular Silver Nanoparticles (2021-2030) ($MN)
Table 60 Asia Pacific Silver Nanoparticle Market Outlook, By Other Types (2021-2030) ($MN)
Table 61 Asia Pacific Silver Nanoparticle Market Outlook, By Synthesis Method (2021-2030) ($MN)
Table 62 Asia Pacific Silver Nanoparticle Market Outlook, By Ion Implantation (2021-2030) ($MN)
Table 63 Asia Pacific Silver Nanoparticle Market Outlook, By Wet Chemistry (2021-2030) ($MN)
Table 64 Asia Pacific Silver Nanoparticle Market Outlook, By Biological Synthesis (2021-2030) ($MN)
Table 65 Asia Pacific Silver Nanoparticle Market Outlook, By Other Synthesis Methods (2021-2030) ($MN)
Table 66 Asia Pacific Silver Nanoparticle Market Outlook, By Application (2021-2030) ($MN)
Table 67 Asia Pacific Silver Nanoparticle Market Outlook, By Electronics & Information Technology (2021-2030) ($MN)
Table 68 Asia Pacific Silver Nanoparticle Market Outlook, By Healthcare and Life Sciences (2021-2030) ($MN)
Table 69 Asia Pacific Silver Nanoparticle Market Outlook, By Pharmaceutical (2021-2030) ($MN)
Table 70 Asia Pacific Silver Nanoparticle Market Outlook, By Water Purification (2021-2030) ($MN)
Table 71 Asia Pacific Silver Nanoparticle Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 72 Asia Pacific Silver Nanoparticle Market Outlook, By Other Applications (2021-2030) ($MN)
Table 73 South America Silver Nanoparticle Market Outlook, By Country (2021-2030) ($MN)
Table 74 South America Silver Nanoparticle Market Outlook, By Type (2021-2030) ($MN)
Table 75 South America Silver Nanoparticle Market Outlook, By Spherical Silver Nanoparticles (2021-2030) ($MN)
Table 76 South America Silver Nanoparticle Market Outlook, By Rod Shaped Silver Nanoparticles (2021-2030) ($MN)
Table 77 South America Silver Nanoparticle Market Outlook, By Triangular Silver Nanoparticles (2021-2030) ($MN)
Table 78 South America Silver Nanoparticle Market Outlook, By Other Types (2021-2030) ($MN)
Table 79 South America Silver Nanoparticle Market Outlook, By Synthesis Method (2021-2030) ($MN)
Table 80 South America Silver Nanoparticle Market Outlook, By Ion Implantation (2021-2030) ($MN)
Table 81 South America Silver Nanoparticle Market Outlook, By Wet Chemistry (2021-2030) ($MN)
Table 82 South America Silver Nanoparticle Market Outlook, By Biological Synthesis (2021-2030) ($MN)
Table 83 South America Silver Nanoparticle Market Outlook, By Other Synthesis Methods (2021-2030) ($MN)
Table 84 South America Silver Nanoparticle Market Outlook, By Application (2021-2030) ($MN)
Table 85 South America Silver Nanoparticle Market Outlook, By Electronics & Information Technology (2021-2030) ($MN)
Table 86 South America Silver Nanoparticle Market Outlook, By Healthcare and Life Sciences (2021-2030) ($MN)
Table 87 South America Silver Nanoparticle Market Outlook, By Pharmaceutical (2021-2030) ($MN)
Table 88 South America Silver Nanoparticle Market Outlook, By Water Purification (2021-2030) ($MN)
Table 89 South America Silver Nanoparticle Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 90 South America Silver Nanoparticle Market Outlook, By Other Applications (2021-2030) ($MN)
Table 91 Middle East & Africa Silver Nanoparticle Market Outlook, By Country (2021-2030) ($MN)
Table 92 Middle East & Africa Silver Nanoparticle Market Outlook, By Type (2021-2030) ($MN)
Table 93 Middle East & Africa Silver Nanoparticle Market Outlook, By Spherical Silver Nanoparticles (2021-2030) ($MN)
Table 94 Middle East & Africa Silver Nanoparticle Market Outlook, By Rod Shaped Silver Nanoparticles (2021-2030) ($MN)
Table 95 Middle East & Africa Silver Nanoparticle Market Outlook, By Triangular Silver Nanoparticles (2021-2030) ($MN)
Table 96 Middle East & Africa Silver Nanoparticle Market Outlook, By Other Types (2021-2030) ($MN)
Table 97 Middle East & Africa Silver Nanoparticle Market Outlook, By Synthesis Method (2021-2030) ($MN)
Table 98 Middle East & Africa Silver Nanoparticle Market Outlook, By Ion Implantation (2021-2030) ($MN)
Table 99 Middle East & Africa Silver Nanoparticle Market Outlook, By Wet Chemistry (2021-2030) ($MN)
Table 100 Middle East & Africa Silver Nanoparticle Market Outlook, By Biological Synthesis (2021-2030) ($MN)
Table 101 Middle East & Africa Silver Nanoparticle Market Outlook, By Other Synthesis Methods (2021-2030) ($MN)
Table 102 Middle East & Africa Silver Nanoparticle Market Outlook, By Application (2021-2030) ($MN)
Table 103 Middle East & Africa Silver Nanoparticle Market Outlook, By Electronics & Information Technology (2021-2030) ($MN)
Table 104 Middle East & Africa Silver Nanoparticle Market Outlook, By Healthcare and Life Sciences (2021-2030) ($MN)
Table 105 Middle East & Africa Silver Nanoparticle Market Outlook, By Pharmaceutical (2021-2030) ($MN)
Table 106 Middle East & Africa Silver Nanoparticle Market Outlook, By Water Purification (2021-2030) ($MN)
Table 107 Middle East & Africa Silver Nanoparticle Market Outlook, By Cosmetics (2021-2030) ($MN)
Table 108 Middle East & Africa Silver Nanoparticle Market Outlook, By Other Applications (2021-2030) ($MN)

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