Global Nanosilver (Electrical & Electronics, Healthcare, Food & Beverages, Textile, Water Treatment and Other End-use Industries) Market - Forecast to 2020
17 Oct, 2014, 14:22 BST
DUBLIN, Oct. 17, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Nanosilver Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" report to their offering.
Silver particles sized 1nm to 100nm are called nanosilver. Nanosilver has been known for its antibacterial properties since ancient times as it was used to store food to avoid poisoning. Currently, more than 40% of the global demand for silver is from industrial application; coins, jewellery, etc. account for the remaining share. Nanosilver has added advantage of small particle size with large surface area and slow release of silver biocidal ions over conventional silver particles. Hence, nanosilver is preferred in various applications such as superconductors, super capacitors, batteries, medical devices, wound dressings and catheters. It is available in powder or colloidal form and is further used in the manufacture of nanocomposites, nanosilver inks, nanosilver adhesives, nanosilver adhesives, etc. Large numbers of products containing nanosilver are available in the market as it offers excellent conductive and antimicrobial properties.
Rising demand for nanosilver-based consumer electronic products is expected to boost the global nanosilver market during the forecast period. Increasing use of nanosilver-based electronic products such as washing machines, refrigerators, air purifiers, water purifiers and hair dryers is driving the overall nanosilver market. Additionally, replacement of conventional silver, indium tin oxide (ITO), carbon nano tubes, grapheme, etc. in smartphones, OLEDs and LCDs with nanosilver is anticipated to boost the market. Furthermore, application of nanosilver in antimicrobial applications such as medical device coatings, wound dressings, hospital doorknobs and handrails is projected to drive the market between 2014 and 2020. However, high prices of nanosilver over conventional silver due to high cost of technology are estimated to hamper market growth. Additionally, fluctuation in prices of silver has an impact on the price of nanosilver as prices of raw materials directly affect silver prices. Emerging applications in the field of solar energy, medical, pharmaceuticals and textiles are expected to offer immense opportunities in the nanosilver market in the near future.
Electrical & electronics emerged as the largest end-use industry of the global nanosilver market in 2013. It accounted for over 37% share of the global nanosilver market in terms of volume in 2013. Companies such as Samsung, LG Electronics and Daewoo offer a broad range of electronic products that contain nanosilver. The next largest end-use industry of nanosilver was healthcare in 2013.
Increasing applications of nanosilver particles in pharmaceuticals, drug delivery, creams, lotions, etc. are projected to drive the nanosilver market. Companies such as Smith & Nephew and Nano Care Technology Ltd. provide large number of nanosilver products that are used in the healthcare industry. Other end-use industries are expected to grow at a significant rate during the forecast period due to rising demand for nanosilver-based products from applications such as personal care, detergents, pesticides and plastics.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Nanosilver - Industry Analysis
Chapter 4 Nanosilver - End-use Industries Analysis
Chapter 5 Nanosilver - Regional Analysis
Chapter 6 Company Profiles
Companies Mentioned:
- Advanced Nano Products Co. Ltd.
- Ames Goldsmith Corporation
- Applied Nanotech Holdings, Inc.
- Bayer MaterialScience AG
- Creative Technology Solutions Co. Ltd.
- Nano Silver Manufacturing Sdn Bhd
- NanoMas Technologies, Inc.
- NovaCentrix
- SILVIX
For more information visit http://www.researchandmarkets.com/research/ml8fcj/nanosilver_market
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
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SOURCE Research and Markets