Nanoparticles of silver that have diameter ranging between 1nm to 100nm are known as silver nanoparticles. The global silver nanoparticles market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing applications of silver nanoparticles in electronics sector is a major factor driving growth of the global market. In addition, potential application of silver nanoparticles in textiles sector is another factor expected to fuel growth of the global market. Stringent government regulations on use of silver nanoparticles is a major factor hampering growth of the global market. Rising demand for silver nanowires is a trend observed in the global market, which is expected to propel growth of the target market over the forecast period.
The global silver nanoparticles market is segmented on the basis of application and region. On the basis of application, the global market is segmented into healthcare and life sciences, textiles, electronics, and food & beverages. The healthcare and life sciences application segment accounts for highest revenue share in the global market in 2017 and is expected to witness significant growth over the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is expected to account for highest share in the global silver nanoparticles market in terms of revenue. The Asia Pacific market is estimated to follow North America market in terms of revenue, owing to increasing investments in electronics and healthcare sector in countries in this region.
Key players operating in the global market include Emfutur Technologies, Applied Nanotech, Inc., American Elements, Nanoshel LLC, Cima NanoTech, Inc., Nanocs Inc., Meliorum Technologies, Inc., NanoHorizons, Inc., Merck KGaA, and Cline Scientific AB.