The global Silver Nanowires market generated revenue of around USD 304 million in 2020 and is anticipated to grow at a CAGR of over 18.7% during the forecast period from 2021 to 2027 to reach around USD 1,754 million in 2027.
Silver Nanowires are silver nanostructures having a diameter of 10 nanometers. Silver nanowires have unique electrical, thermal and optical properties. They are very efficient in scattering and absorbing light. Silver nanowires have applications such as solar cells, high-intensity LEDs, printed circuit boards, touchscreen displays, antibacterial applications, and optical applications.
Key Trends in Global Silver Nanowires Market
Increasing demand for silver nanometers for electronic displays
Silver is the best conductive material. Higher conductivity is important for obtaining faster response time and also the detection of ten-finger touch. Transparent conductors based on films with silver nanowires help in creating stronger, flexible, and lighter touch screens. Moreover, it offers optical transference. The lower cost of silver nanowires makes it ideal for touch screen displays. The touch screens are finding applications in self-help kiosks, watches, smartphones, televisions, laptops, and tablets among others. There are nearly 3.8 billion smartphone users worldwide. Nearly 159 million tablets are manufactured annually. Silver nanowires help in making flexible and transparent LED tv screens. There are nearly 200 million smart tv sales annually. The demand for silver nanometers is increasing for all sorts of electronic displays around the world.
Impact of COVID 19 on Global Silver Nanowires Market
COVID 19 had a significant impact on the revenue generation of the global silver nanowires market. To control the spread of COVID19, governments around the world-imposed lockdowns and restrictions in the movement of people and the functioning of industrial units. It led to a decrease in the production output of silver nanowires. Moreover, the end-user industries also had to restrict their production capacity and it affected the demand for nanowires. It resulted in a decrease of 11.4% of the overall revenue generated by the global silver nanowires market in 2020.
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Global Silver Nanowires Market by Size Insights
Silver nanowires are available from 10-nanometer diameter size up to 200-nanometer size. Silver nanowires with a diameter of 40 nanometers are having the most applications among all silver nanowires. They have a high aspect ratio and higher intrinsic conductivity. They are ideal for creating transparent conductive layers with higher optical quality. Due to the good optical, elastic, and chemical properties, they have applications in OLEDs, LEDs, solar cells, and various displays.
Global Silver Nanowires Market by Application Insights
Anti-microbial, conductive silver adhesive, display technology, solar cell and PV panels, OLED lighting, and sensors are major applications of silver nanowires. Display technology accounts for a major share of revenue among applications in the global silver nanowires market. With touchscreen becoming a norm for display in electronic devices, there are more growth prospects for display technology applications. With the rapid expansion of solar power plants around the world, Solar cells and PV panels have become a major application area for silver nanowires. The number of anti-microbial products based on silver nanowires is also increasing steadily.
Global Silver Nanowires Market by Regional Insights
North America was one of the largest regional silver nanowires market in 2020 and accounted for nearly 38.7% share in the overall global revenue generation. The presence of major silver nanowires manufacturers and technology companies helps in the greater adoption of silver nanowires in North America. Asia-Pacific is anticipated to attain the fastest CAGR growth during the forecast period. The presence of electronic, optical, and medical device companies in China, South Korea, Japan, India, and ASEAN countries drives the demand for silver nanowires in the Asia-Pacific region. The increasing demand from the biomedical and electronic industries drives the growth of the silver nanowires market in Europe.
Global Silver Nanowires Market Competitive Landscape
Most prominent players in the global Silver Nanowires market include American Elements Corporation, ACS Material, C3 Nano Inc, Conductive Compounds Inc, Johnson Mathey Plc, Nanopyxis Co Ltd, NanoTech Labs Inc, RAS AG, Showa Denko K.K, and TPK Holding Co Ltd among others. The report covers very detailed profiles of these key players.
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Global Silver Nanowires Market by Size, 2015 – 2027
- Under 30 NM
- 30 to 50 NM
- 50 to 70 NM
- 70 to 80 NM
- Over 80 NM
Global Silver Nanowires Market by Application, 2015 – 2027
- Conductive Silver Adhesive
- Display Technology
- Magnetic Devices
- Nano Generators
- Nano Welding
- OLED Lighting
- Printed Circuit Board
- Solar Cell and PV Panels
- Transparent Conductive Film
Global Silver Nanowires Market by Method of Fabrication, 2015 – 2027
- Air-Spraying Coating Method
- Liquid Polyol Method
- Self-Assembly Method
- Template Method
- Ultrasonic Reduction Method
- Vacuum filtration Method
- Wet Chemical Method
Global Silver Nanowires Market by Region, 2015 – 2027
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Global Silver Nanowires Market: Key Players
- American Elements Corporation
- ACS Material
- C3 Nano Inc
- Conductive Compounds Inc
- Johnson Mathey Plc
- Nanopyxis Co Ltd
- NanoTech Labs Inc
- RAS AG
- Showa Denko K.K
- TPK Holding Co Ltd
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