Nanosilver Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
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Nanosilver Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
Nanosilver Market, By Mode of Synthesis (Physical, Biological, Chemical Reduction), By End Use (Electrical & Electronics, Healthcare, Food & Beverages, Textile, Water Treatment, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026
Nanosilver Market, By Mode of Synthesis (Physical, Biological, Chemical Reduction), By End Use (Electrical & Electronics, Healthcare, Food & Beverages, Textile, Water Treatment, Others), and Region - COVID-19 Im...
The Nanosilver Market is estimated to grow from USD 207.4 million in 2020 to USD 495.0 million by 2026 at a healthy CAGR of 15.8% during the forecast period.
Nanosilver has no less than one external dimension in the range of around 1,100 nanometers. It is easily available in a large number of physical and chemical forms such as silver ion, metallic particles, soluble silver compounds, and combinations which are available in dispersion, solution, suspensions, colloidal, and matrix of various substances. Nano silver particles are substantially capable of entering all human organs and cell membranes.
Covid-19 Impact Analysis
The COVID-19 pandemic has adversely affected the nanosilver industry. Industries such as petroleum refining, water treatment, and chemical processing, witnessed complete shutdown of operations. Also supply chain disruptions, further negatively influenced the market growth amid the pandemic.
Key Players
Key players operating in the global Nanosilver Market are-
Exxon Mobil Corporation (US)
BASF SE (Germany)
Albemarle Corporation (US)
Chemviron Carbon S.A. (Belgium)
Calgon Carbon Corporation (US)
Mineral Technologies Inc (US)
Clariant AG (Switzerland)
Kuraray Chemical Co (Japan)
Zeochem AG (Switzerland)
Zeolyst International (US)
Market Dynamics
The Nanosilver market is majorly propelled by significant growth of pharmaceutical nanotechnology. Nanomaterials possess properties such as large surface area to volume ratio which increases the solubility and rate of absorption. Moreover, nanotechnology is applied in the pharmaceutical sector in areas as tissue engineering, nanomedicine, biosensors, nanorobots, image enhancement devices, biomarkers, and implant technology, which further increase the overall growth potential during the review period.
Segment’s Analysis
End Use Trends
Based on end use, the nanosilver market has been classified into electrical & electronics, healthcare, food & beverages, and textile, water treatment. The healthcare segment accounted for the largest market in 2020. Silver has been widely used for the treatment of medical ailments for more than 100 years owing to its natural antibacterial and antifungal properties, which augments the market growth during the forecast timeline.
Regional Trends
By region, the North American Nanosilver market accounted for a significant share in 2020 and is expected to grow at a robust CAGR during the review period. The Nanosilver market growth is mainly attributed to consistent technical developments in the consumer electronics to cater rapidly changing consumer preferences, which further augments the market expansion.
The Asia Pacific Nanosilver market held a substantial share in 2020 and is expected to grow at a robust CAGR during the review period. The Nanosilver market growth is mainly attributed to high production capacities of consumer electronics sectors which dwells upon nanomaterials. Moreover, rising medical tourism sector in China, and India, further bolsters the regional market growth.
Critical Questions Answered in the Report
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global nanosilver market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.
What are the key trends in the global nanosilver market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
What is the impact of COVID-19 on global nanosilver market?
What are the key strategies adopted by the major vendors to lead in the global nanosilver market?
The target audience of Nanosilver Market includes-
Nanosilver Vendors
Nanosilver Manufacturers
Nanosilver Distributors
Organizations
Government Bodies.
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
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The Global Nanosilver Market is estimated to grow from USD 207.4 million in 2020 to USD 495.0 million by 2026 at a healthy CAGR of 15.8% during the forecast period.
Key players operating in the global Nanosilver Market are- Exxon Mobil Corporation (US), BASF SE (Germany), Albemarle Corporation (US), Chemviron Carbon S.A. (Belgium), Calgon Carbon Corporation (US), Mineral Technologies Inc (US), Clariant AG (Switzerland), Kuraray Chemical Co (Japan), Zeochem AG (Switzerland), Zeolyst International (US).
nanotechnology is applied in the pharmaceutical sector in areas as tissue engineering, nanomedicine, biosensors, nanorobots, image enhancement devices, biomarkers, and implant technology, which further increase the overall growth potential during the review period.
