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Silver Nanowires Market Trends

Report ID: GMI4145
Published Date: Aug 2024
Report Format: PDF

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Silver Nanowires Market Trends

Increasing product utilization for photonic, coatings, and molecular diagnostics owing to its anti-microbial properties due to continuous release of silver ions which provide protection against bacteria will favour industry growth. These products are also utilized in textiles, wound dressings, keyboards, and bio medical devices will stimulate the silver nanowires industry by 2032.

These products possess strong mechanical hold and suppleness which allows them to have application in modern LEDs and carbon-based solar cells. These products are transparent conductors and have very low shunt resistance and strong optical and electrical presentation. These factors will propel industry growth in forecast timeline.

Vulnerability to damage by high energetic ultraviolet radiation along with lack of efficiency in harsh environmental conditions may hamper industry growth. Lack of proper infrastructure for product manufacturing along with high investment costs may affect the silver nanowires market trend.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Market size for silver nanowires was worth USD 1.14 billion in 2023 and will grow at a 27.6% CAGR between 2024 and 2032, propelled by their growing use in flexible and transparent conductive films for electronics, such as touchscreens, OLEDs, and solar cells.

Silver nanowires industry from the optical segment garnered USD 891.29 million in 2023, attributed to the increasing demand for high-performance transparent conductive films used in displays, touchscreens, and solar panels.

Asia Pacific industry will witness 28.7% CAGR through 2032, owing to rapid industrialization and the expansion of the electronics and solar energy sectors in countries like China, Japan, and South Korea.

Some of the key industry players include Hefei Vigon Material Technology, C3Nano, Cambrios Technologies Corporation, Conductive Compounds, RAS AG, Johnson Mathey, NanoTech Labs, TPK, Nanopyxis, and Showa Denko K.K, among others.