Three prominent trends that would foster Silver Nanowires Market outlook through 2025

As per a new research report by Global Market Insights, Inc., the silver nanowires market is estimated to surpass a valuation of $1.5 billion by the end of 2025.

Silver nanowires market is likely to foresee commendable growth over the coming years owing to an expansive product application scope in the electronic industry, largely attributed to its excellent conductivity. The product is also widely used in electronic industry owing to its high efficiency in smattering and absorbing light, which is defined through different microscopic methods including atomic force, scanning electron and transmission electron.

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Additionally, rising focus towards R&D for miniaturization of large circuits and quantum devices, to decrease component sizes without compromising functioning and efficiency, is expected to boost the demand for silver nanowires.

Major industry players are opting for numerous strategies like mergers, acquisitions, collaboration and partnerships to form a global footprint and market competition. Citing an instance, in September 2020, Showa Denko, a leading chemical industry enterprise, announced the merger of its wholly owned consolidated subsidiary Showa Denko Carbon Holding GmbH with its Showa Denko Europe GmbH consolidated subsidiary. This new merger would aid in expanding the business operations of Showa Denko in Europe by fusing the business support function of SDE and business management function of SDCH into one.

Following are some of the key trends that are expected to shape the silver nanowires industry growth:

Growing adoption of medical imaging in Germany

Regionally, Germany silver nanowires industry from medical imaging application is likely to exceed a valuation of more than $90 million by the end of the analysis timeline. Silver nanowires have anti-bacterial properties and also boast of low toxicity, which can be used in the form of nanoparticles and ions in medical imaging. Expanding market of gastroenterology, gynecology, oncology, cardiology, orthopedics, and neurology, due to rising number of chronic ailments and increasing adoption of medical imaging, will further strengthen the business scenario.

Growing product demand across solar industry in China

Silver nanowires market in China from solar applications is anticipated to witness more than 30% gains in the coming years. This growth is ascribed to the high aspect ratio of the product as well as conductive properties which can be used in non-transparent and transparent applications including conductive inks, pastes and solar displays.

Moreover, increasing number of favorable initiatives from the Chinese government, which includes the goal of attaining 1,300 GW of solar capacity, will also add towards regional market growth.

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Expanding consumer electronics industry in France

The silver nanowires market in France from 80nm wires is expected to witness gains of more than 25% over the forecast time period. Silver nanowires is known to have a diverse array of applications, including consumer electronics due to its high efficiency and versatile properties.

In recent years, the market has witnessed several new innovations, research breakthroughs, and product launches. The COVID-19 pandemic has emphasized the importance of monitoring health and vital signs. Consequently, a number of research initiatives are being taken in this direction as scientists look to make solutions that better equip humanity in managing pandemic-like situations in the future.

Overall, the high product usage due to distinct thermal, electrical and optical properties coupled with excellent absorption and reflection features will boost the product demand. NanoTech Labs, RAS AG, C3Nano, Showa Denko K.K, and Hefei Vigon among others are some of the key players operating in the silver nanowires market.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.