Fri, 14 May 2021

The global Silver Nanowires market generated revenue of around USD 304 million in 2020 and is anticipated to grow at a CAGR of over 18.7% during the forecast period from 2021 to 2027 to reach around USD 1,754 million in 2027.

Silver nanowires are 10 nanometer-diameter silver nanostructures. Silver nanowires are distinguished by their electrical, thermal, and optical properties. They are extremely effective at scattering and absorbing light. Solar cells, high-intensity LEDs, printed circuit boards, touchscreen displays, antibacterial applications, and optical applications are all possible with silver nanowires.

Key Trends in Global Silver Nanowires Market

Increasing demand for silver nanometers for electronic displays

Silver is the best conductive material. Higher conductivity is important for obtaining faster response time and also the detection of ten-finger touch. Transparent conductors based on films with silver nanowires help in creating stronger, flexible, and lighter touch screens. Moreover, it offers optical transference. The lower cost of silver nanowires makes it ideal for touch screen displays. The touch screens are finding applications in self-help kiosks, watches, smartphones, televisions, laptops, and tablets among others. There are nearly 3.8 billion smartphone users worldwide. Nearly 159 million tablets are manufactured annually. Silver nanowires help in making flexible and transparent LED tv screens. There are nearly 200 million smart tv sales annually. The demand for silver nanometers is increasing for all sorts of electronic displays around the world.

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Impact of COVID 19 on Global Silver Nanowires Market

COVID 19 had a significant impact on the global silver nanowires market's revenue generation. To stem the spread of COVID19, governments around the world imposed lockdowns and restrictions on people's movement and the operation of industrial units. It resulted in a decrease in the output of silver nanowires. Furthermore, the end-user industries were forced to limit their production capacity, which impacted the demand for nanowires. It resulted in a 11.4 percent decrease in the global silver nanowires market's overall revenue in 2020.

Global Silver Nanowires Market by Size Insights

Silver nanowires are available from 10-nanometer diameter size up to 200-nanometer size. Silver nanowires with a diameter of 40 nanometers are having the most applications among all silver nanowires. They have a high aspect ratio and higher intrinsic conductivity. They are ideal for creating transparent conductive layers with higher optical quality. Due to the good optical, elastic, and chemical properties, they have applications in OLEDs, LEDs, solar cells, and various displays.

Global Silver Nanowires Market by Application Insights

Silver nanowires are widely used in antimicrobial and conductive silver adhesives, display technology, solar cell and PV panels, OLED lighting, and sensors. Display technology accounts for a significant portion of revenue in the global silver nanowires market. With touchscreens becoming the norm for electronic device displays, there are more opportunities for display technology applications to grow. Solar cells and PV panels have become a major application area for silver nanowires due to the rapid expansion of solar power plants around the world. The number of silver nanowire-based anti-microbial products is also steadily increasing.

Global Silver Nanowires Market by Method of Fabrication Insights

Air-spraying coating method, liquid polyol method, template method, wet chemical method, ultrasonic reduction method, and vacuum filtration method are the major methods of fabrication for silver nanowires. Liquid polyol is the most used method for fabricating silver nanowires with a market share of 24.5%. Liquid polyol is a low-cost method with ease of use and it is scalable for industrial applications.

Global Silver Nanowires Market by Regional Insights

North America was one of the largest regional silver nanowires market in 2020 and accounted for nearly 38.7% share in the overall global revenue generation. The presence of major silver nanowires manufacturers and technology companies helps in the greater adoption of silver nanowires in North America. Asia-Pacific is anticipated to attain the fastest CAGR growth during the forecast period. The presence of electronic, optical, and medical device companies in China, South Korea, Japan, India, and ASEAN countries drives the demand for silver nanowires in the Asia-Pacific region. The increasing demand from the biomedical and electronic industries drives the growth of the silver nanowires market in Europe.

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Market Segmentation

Global Silver Nanowires Market by Size, 2015 - 2027

* Under 30 NM

* 30 to 50 NM

* 50 to 70 NM

* 70 to 80 NM

* Over 80 NM

Global Silver Nanowires Market by Application, 2015 - 2027

* Anti-microbial

* Conductive Silver Adhesive

* Display Technology

* Magnetic Devices

* Nano Generators

* Nano Welding

* OLED Lighting

* Printed Circuit Board

* Sensors

* Solar Cell and PV Panels

* Transparent Conductive Film

* Others

Global Silver Nanowires Market by Method of Fabrication, 2015 - 2027

* Air-Spraying Coating Method

* Liquid Polyol Method

* Self-Assembly Method

* Template Method

* Ultrasonic Reduction Method

* Vacuum filtration Method

* Wet Chemical Method

* Other

Global Silver Nanowires Market by Region, 2015 - 2027

* North America

* Europe

* Asia Pacific

* Latin America

* Middle East and Africa

Global Silver Nanowires Market: Key Players

* American Elements Corporation

* ACS Material

* C3 Nano Inc

* Conductive Compounds Inc

* Johnson Mathey Plc

* Nanopyxis Co Ltd

* NanoTech Labs Inc

* RAS AG

* Showa Denko K.K

* TPK Holding Co Ltd

. Others

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Contact Information:

Media Contact

Name: Chris Smith

Address: 105 N 1st ST #429,

SAN JOSE, CA 95103 US

(US/CANADA) Ph.: +1-800-361-8290

E-mail:

sales@credenceresearch.com

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