The healthcare and food & beverage sectors are slated to be prime avenues through which Silver Nanoparticles Market will grow lucratively. Nano silver is one of the most popular nanomaterials used in the manufacture of consumer products, and finds extensive usage across myriad applications, such as F&B, electronics & IT, healthcare, and textiles, globally. Its antibacterial and antimicrobial properties help prevent pathogens and increase product shelf life, owing to which it is widely used in the F&B sector. High demand from the healthcare sector, regulatory guidelines from the FDA subject to food quality, and rapid expansion of the F&B industry will propel silver nanoparticles industry trends. According to Global Market Insights, Inc., “Silver Nanoparticles Market size, worth more than USD 1 billion in 2015, is set to hit a revenue of more than USD 3 billon by 2024, increasing at a CAGR of nearly 13% over 2016-2024.”
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Asia Pacific, being the premier producer and supplier, not to mention, one of the biggest consumers of electronic goods, is expected to depict a remarkable growth in silver nanoparticles industry over the years to come. Rapid expansion of the electronics and IT sector coupled with favorable FDI regulations will positively influence APAC silver nanoparticles market, with South Korea and China being the chief revenue pockets.
U.S. silver nanoparticles industry was worth over USD 300 million in 2015 and is poised to grow at a tremendous pace over 2016-2024, primarily driven by the rising health safety concerns, increased food safety regulations, and development of the F&B sector.
UK silver nanoparticles market is slated to increase at a prominent annual growth rate, having registered a revenue of more than USD 40 million in 2015. This growth can be credited to the changing dynamics of the healthcare sector, regarding the disinfecting of medical equipment.
Below are the highlights of this industry in terms of applications trends:
Silver nanoparticles market from food & beverage applications recorded a revenue of more than USD 70 million in 2015. Favorable properties of nano silver such as bacterial resistance and long shelf life, and the high demand from the F&B sector will propel industry growth.
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Europe silver nanoparticles market share from healthcare & life sciences applications was more than 30% of the regional revenue.
Textiles embedded with silver nanoparticles possess the benefits of breathability, water resistance, stain repellence, and UV protection. On these grounds, the textiles application segment covered more than 20% of the overall silver nanoparticles industry share for 2015. Increasing health concerns are fueling the demand for sterilized clothing and smart textiles (embedded with sensors), which will push silver nanoparticles market.
This industry is highly competitive and fragmented in nature. Leading companies and local manufacturers are involved in growth tactics such as M&A and R&D investments to strengthen the supply chain. Notable participants include Applied Nanotech, Meliorum Technologies, Cline Scientific, Emfutur Technologies, Bayer, Advanced Nano Products, NanoHorizons, Nanocs, Ames Goldsmith, American Elements, Nanoshel, and Cima NanoTech.
Browse key industry insights spread across 180 pages with 102 market data tables & 10 figures & charts from the report, “Silver Nanoparticles Market Forecast, 2016 – 2024” in detail along with the table of contents:
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