The Global Silver Nanowires Market is Anticipated to Witness High Growth Owing to Burgeoning Demand

 
Silver Nanowires Market

Silver nanowires are advanced nanomaterials that offer high electrical conductivity, flexibility and optical transparency. They are being increasingly used in applications such as touch screens, flexible displays, smart windows, OLED lighting and other optoelectronic devices. Silver nanowires have percolated networks that allow electrical conduction even at very low volume fractions and the ability to form a transparent conductive film without compromising optical transparency.

The global silver nanowires market is estimated to be valued at US$ 170.57 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the silver nanowires market are Quantum Profile Systems Ltd., Amstep Products, Novaproducts Global, Optimum Technologies, Inc., Tarkett S.A., MEISHUO Building Materials Co. Ltd., Kinesik Engineered Products, Spectrum Floors, C.A.T. LTD. and Litokol. Quantum Profile Systems Ltd. is one of the leading producers of silver nanowires. The company offers various grades of silver nanowires for touch screens, flexible electronics, sensors and other optoelectronic applications.

The growing demand for flexible and transparent touchscreen technology from consumer electronics such as smartphones, tablets and laptops is expected to open lucrative opportunities for Silver Nanowires Market Demand manufacturers. Moreover, increasing investments by companies in research and development of transparent and flexible displays using silver nanowires will further fuel the market growth.

Global expansion is also expected to be a key focus area for major silver nanowire companies. Manufacturers are likely to set up production facilities in different parts of the world to cater to the growing local demand and minimize transportation costs. Collaborations with display panel and touch sensor manufacturers in Asia, Europe and North America will help companies strengthen their foothold in global markets.

Market Drivers and Restrain

The rising demand from the touch screen industry is a major market driver. Touch screens have become ubiquitous in portable consumer electronics and other handheld devices. Silver nanowires are increasingly replacing ITO as the material of choice in touch screen sensors and transparent conductive films due to their flexibility and conductivity. This growing preference for silver nanowires over ITO is expected to boost market revenues.

On the other hand, concerns about environmental toxicity may act as a market restrain. While silver nanowires offer advantages over ITO, some studies have pointed to the toxicity of nanosilver. This could hamper market growth if strict regulations are imposed on the use of silver nanowires. Manufacturers will need to develop non-toxic alternatives and production processes to address environmental concerns.

Segment Analysis
The silver nanowires market is mainly segmented into two categories based on application - conductive applications and non-conductive applications. The conductive applications segment currently dominates the market owing to increased usage of silver nanowires in touch panels, flexible displays, printed electronics and several other applications requiring high conductivity. This is because silver nanowires offer high electrical conductivity and flexibility making them suitable for next generation flexible and printed electronics.

Global Analysis

Regionally, the Asia Pacific silver nanowires market holds the largest share currently. This can be attributed to presence of major manufacturing hubs of consumer electronics, displays and several other end use industries in countries like China, South Korea, Japan and India. Countries in this region are swiftly adopting advanced technologies like flexible displays, printed electronics and touch panels driving the demand for high conductivity materials like silver nanowires. Besides, significant investments by governments in research & development of nanotechnology is also aiding the regional market growth. North America and Europe are other major silver nanowires markets growing steadily due to rapid technological advancements in the region.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)


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