Nano Silver Market

Market Overview

Nanotechnology is a rapidly advancing field where extremely small particles (measured in billionths of a meter) are created and used. One such material is nano-silver, which is already making a significant impact in healthcare. Nano-silver works by disrupting the metabolism of bacteria and fungi which hinders their growth and ability to cause illnesses such as infections, odors, itching and sores. Nano-silver particles are produced using three main methods which are physical, biological and chemical reduction synthesis. They possess several beneficial properties such as high effectiveness against microbes, quick action, safety (non-toxic and non-allergenic) and a tendency to attract water (hydrophilic). Nano-silver particles have at least one dimension that measures about 1,100 nanometers or less. They are available in various physical and chemical forms for instanced silver ions, metallic particles, soluble silver compounds and combinations of these. These forms are available in dispersions, solutions, suspensions, colloids and mixed with different substances. Nano-silver particles are small enough to penetrate human organs and cell membranes effectively. The global market for nano-silver is anticipated to expand significantly during the forecast period, the growth is due to increasing demand from various industries. Industries such as consumer electronics are adopting nano-silver for its unique properties such as small size, excellent conductivity and antimicrobial capabilities. This has led to its use in diverse applications including water and air purifiers, hair dryers, washing machines, socks, pharmaceuticals, medical devices and food packaging. Nano-silver is increasingly being chosen over materials like graphene, carbon nanotubes, indium tin oxide and even traditional silver in the production of LCDs, OLEDs and smartphones. This trend is expected to boost demand for nano-silver. Additionally, its antimicrobial properties make it ideal for applications such as coating hospital doorknobs and handrails, creating wound dressings and coating medical devices which are also anticipated to contribute positively to the growth of the nano-silver market.

Nano Silver Market Size

Report	Details
Market Size Value	USD 1.51 Billion in 2023
Market Size Value	USD 6.64 Billion by 2030
CAGR	14.1%
Forecast Period	2023-2030
Base Year	2023
Historic Data	2020

Major vendors in the global nano silver market are Cambrios Technologies Corp.,Cima Nano Tech Inc., Blue Nano, Inc., Applied Nanotech Holdings Inc., Advanced Nano Products, Ames Goldsmith Corporation, NovaCentrix Corp., NanoMas Technologies, Silvix Co. Ltd., ABC Nanotech, Ltd., Agfa Specialty Products, Reinste Nano Venture Pvt. Ltd., Carestream Health, Inc., Chengdu Huarui Industrial Co., Ltd., Zhengzhou Dongyao Nano Materials Co., Ltd., StatNano and Others.

Growth of the water treatment industry

Nano-silver is increasingly being used in water treatment to kill or prevent the growth of harmful bacteria. By incorporating nano-silver into filtration systems, membranes or other treatment methods by that water purification can be enhanced and microbiological contamination can be reduced. This growing demand for nano-silver in the water treatment industry is notable. Biofilms, which are colonies of microorganisms which are formed on surfaces submerged in water. These biofilms can clog water treatment systems and reduce their efficiency. To maintain the effectiveness of water treatment equipment such as nano-silver-coated surfaces or dispersions can help prevent biofilm growth. For instance, in Morocco a construction of a new wastewater treatment plant began in December 2021 and the operations was expected to start in 2023. This facility will be able to treat 8 million cubic meters of wastewater annually. As a result, the demand for nano-silver which is used in the filter media and membrane systems of such facilities is expected to rise. These developments are expected to drive the nano-silver market growth during the forecast period.

Market Dynamics

Drivers:

• Increasing demand for anti-microbial coating among various application
• Rapid growth in the production of cosmetic and personal care products
• Growth of the water treatment industry

Opportunities:

• Increasing demand of nano-silver in healthcare applications
• Utilization of nano-silver in environmental applications for pollution control and remediation
• Increasing use in consumer electronics such as LCDs, OLEDs, and smartphones

Increasing demand of nano-silver in healthcare applications

The demand for nano-silver in healthcare applications is rising. The growth is driven by its exceptional antimicrobial properties and versatility. Nano-silver particles are increasingly used in medical devices, wound dressings, coatings for medical equipment and even in certain pharmaceuticals due to their ability to inhibit the growth of a wide range of bacteria, viruses and fungi. One significant application of nano-silver in healthcare is in wound care. Nano-silver infused dressings and bandages are known for their ability to accelerate healing and reduce the risk of infections. These dressings release silver ions slowly which provides a sustained antimicrobial effect which is particularly beneficial for chronic wounds and burns. Medical devices for instance catheters, implants and surgical instruments these devices are also incorporating nano-silver coatings to prevent infections associated with their use. Hospital-acquired infections (HAIs) are a major concern and nano-silver coatings can significantly reduce the risk by providing a continuous antimicrobial surface. Moreover, nano-silver is being explored in pharmaceutical formulations to enhance the efficacy of certain drugs and reduce microbial contamination in various products. Furthermore, its use in sanitizers and disinfectants has also surged with the expanding applications of nano-silver in healthcare are driven by its proven effectiveness, safety and ability to combat antibiotic-resistant strains of pathogens. As research and development continue, the healthcare sector's reliance on nano-silver is expected to grow which will further boosting the market demand for this versatile nanomaterial.

The market for nano silver market is dominated by North America.

By analysing the nano silver market globally across various country like North America, Europe, Asia-Pacific, and LAMEA in which North America holds the largest market share during the forecast period, driven by rising demand across various industries which includes electronics, food and beverages, healthcare, textiles, water treatment and personal care. Additionally, the growth of the nano-silver market is largely due to ongoing advancements in consumer electronics which is continuously evolving to meet changing consumer preferences. These technological improvements are further driving the expansion of the nano-silver market.

The Asia Pacific region is expected with a significant growth in nano-silver market. This growth is mainly driven by the region's large production capacities in consumer electronics that use nanomaterials. Additionally, the expanding medical tourism industry in countries such as China and India are also boosting the market in this region.

The chemical reduction segment is anticipated to hold the largest market share during the forecast period

The global market is categorized by method of synthesis into biological synthesis, chemical reduction and physical synthesis in which chemical reduction segment held the largest market share. In this process of chemical reduction, nano-silver is created as a stable, colloidal dispersion either in organic solvents or water. Silver ions are converted into nanoparticles using various chemicals which then group together to form silver particles. Common reducing agents used in this process include hydrazine, sodium borohydride and formaldehyde. Green chemistry is also playing a crucial role here, more environmentally friendly methods for chemical production. This approach aims to enhance the efficiency of reactions, reduce waste and use safer solvents which is making the overall process more sustainable and eco-friendlier.

Segmentations analysis of nano-silver market: -

• By Method of Synthesis:
  • Biological Synthesis
  • Chemical Reduction
  • Physical Synthesis
•        By End-User:
  • Clothing & Textiles
  • Electrical & Electronics
  • Food & Beverage
  • Personal Care & Cosmetics
  • Pharmaceuticals
  • Water Treatment
  • Others
• By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
    • Peru
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • BENELUX
    • CIS & Russia
    • Nordics
    • Austria
    • Poland
    • Rest of Europe
  • Asia Pacific

• • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Vietnam
  • Australia & New Zealand
  • Rest of Asia Pacific

• • Middle East & Africa

• • Saudi Arabia
  • UAE
  • South Africa
  • Nigeria
  • Egypt
  • Israel
  • Turkey
  • Rest of MEA

 Recent Developments

• May 2023, at PCIM Europe 2023, Toyochem, the polymer materials division of the Japanese Toyo Ink Group had introduced sintering nano-silver pastes specifically created for bonding power electronics in automotive applications.
• April 2023, Fresh Mouth, a leading dental care product provider had introduced an effective all-natural alternative to conventional fluoride toothpaste. This new non-fluoride toothpaste contains nano-silver particles.
• October 2020, POSTsilver, a silver ion antimicrobial film with a 99.9% effectiveness against bacteria and viruses which was launched in Canada through a distribution agreement with A2Z Wholesale Inc. of Quebec. POSTsilver is a translucent smart polymer which is designed to prevent the retransmission of bacteria and viruses which also includes COVID-19, on frequently touched surfaces.

  Answers to Following Key Questions:

• What will be the nano-silver market ’s trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the nano-silver market?
• What are the main forces behind worldwide nano-silver market? Which companies dominate nano-silver market?
• Which companies dominate nano-silver market? Which business possibilities, dangers, and tactics did they embrace in the market?
• What are the global insight engines industry's suppliers' opportunities and dangers in nano-silver market?
• What is the insight engines industry's regional sales, income, and pricing analysis? In the nano-silver market, who are the distributors, traders, and resellers?
• What are the main geographic areas for various trades that are anticipated to have astounding expansion over the nano-silver market?
• What are the main geographical areas for various industries that are anticipated to observe astounding expansion for nano-silver market?
• What are the dominant revenue-generating regions for nano-silver market, as well as regional growth trends?
• By the end of the forecast period, what will the market size and growth rate be?
• What are the main nano-silver market trends that are influencing the market's expansion?
• Which key product categories dominate nano-silver market? What is nano-silver market ’s main applications?
• In the coming years, which nano-silver market technology will dominate the market?