Global Silver Nanowire Market Size worth USD 1.06 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Silver Nanowire Market Size is Expected to Grow from USD 0.61 Billion in 2023 to USD 1.06 Billion by 2033, at a CAGR of 5.68% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Silver Nanowire Market Size, Share, and COVID-19 Impact Analysis, By Application (Optical, Anti-Microbial, Chemical, and Thermal), By Fabrication Techniques (Transfer Printing onto Poly Substrates, Drop Casting, and Vacuum Filtration), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The silver nanowire market is the industry that produces and supplies nanoscale silver wires with unique electrical, optical, and mechanical properties. It includes extraction and refining of silver, manufacturing using various methods like polyol, hydrothermal, electrospinning, and chemical vapor deposition, and producing end-use products. These nanowires are suitable for various applications. The use of silver nanowires in resistive and capacitive touch panels and screens in laptops, tablets, smartphones, and other gadgets is growing. In contrast to ITO-based touchscreens, these are coated as transparent conducting electrodes on touch sensors and aid in improving sensitivity, transmittance, and mechanical flexibility. Silver nanowires are being used by top touchscreen makers. Various government initiatives drive the market of silver nanowires. For instance, India's Ministry of Electronics and Information Technology (MeitY) has funded a project to develop indigenous silver nanowire-based conductive ink technology, aiming to reduce import dependency and meet the growing demand for advanced electronic materials. The technology has been transferred to startups like Chematico Technologies Private Limited and Vasanthbala Functional Materials Pvt Ltd. However, the high costs of the complex manufacturing process of silver nanowires using chemical synthesis routes currently hinder their large-scale commercial adoption.
The chemical segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the silver nanowire market is classified into optical, anti-microbial, chemical, and thermal. Among these, the chemical segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The growth of the chemical segment in the market is driven by the use of silver nanowires in solar cell production, driven by rising global demand for renewable energy sources. Investments in R&D activities are also driving the growth of the chemical segment, exploring its potential applications in biomedicine and energy storage.
The vacuum filtration segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the fabrication techniques, the silver nanowire market is divided into transfer printing onto poly substrates, drop casting, and vacuum filtration. Among these, the vacuum filtration segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The global demand for electronic devices like smartphones, tablets, and laptops is increasing, with vacuum filtration being a crucial step in manufacturing components like touchscreens and flexible displays, driven by advancements in vacuum filtration technology.
North America is estimated to hold the largest share of the silver nanowire market over the forecast period.
North America is estimated to hold the largest share of the silver nanowire market over the forecast period. The increased adoption of cutting-edge electronic devices and the existence of significant nanotechnology firms in the region are responsible for the market expansion in North America.
Asia Pacific is predicted to have the fastest CAGR growth in the silver nanowire market over the forecast period. The fast expansion of electronics manufacturing and rising consumer electronics demand in developing nations like China and India are the main drivers of the Asia Pacific market's growth.
Company Profiling
Major key players in the silver nanowire market include Cambrios, Blue Nano, C3Nano, Nanopyxis, Hefei Vigon Material Technology, Gu’s New Material, ACS Material, Zhejiang Kechuang Advanced Materials, BASF, PlasmaChem, Suzhou ColdStones Technology, Nanopix, Novarials, Abrisa Technologies, ACS Material LLC, Blue Nano Inc., Cambrios Technologies Corporation, Novarials Corporation, and Seashell Technology LLC, and Others.
Recent Development
- In November 2023, direct SilverTM Nanowires for flexible electronics were just introduced by Materic. Applications for these high-purity nanowires include solar cells2, e-readers, smart textiles, photonics, biosensors, and display technology2. NanoDirect created the technology, which is currently included in Materic's product range.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the silver nanowire market based on the below-mentioned segments:
Global Silver Nanowire Market, By Application
- Optical
- Anti-Microbial
- Chemical
- Thermal
Global Silver Nanowire Market, By Fabrication Techniques
- Transfer Printing onto Poly Substrates
- Drop Casting
- Vacuum Filtration
Global Silver Nanowire Market, By Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa