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North America Silver Nanoparticles Market to grow at 12.3% CAGR till 2024

Author : Ronak Bora | Published Date : 2019-08-09 

North America silver nanoparticles market is projected to register over 12.3% CAGR up to 2024. Strong revenue shares mainly driven by the U.S. and Canada owing to stringent food hygiene regulations for safety standards are propelling product profile. Strong presence of major electronic manufacturing companies along with prominent R&D activities in processing devices are primarily propelling market.

Asia Pacific silver nanoparticles market was estimated more than USD 400 million in 2017 owing to the large presence of a consumer population fuelling regional growth. The improving economies including China, India, and Japan owing to improved health awareness along with rising need for contaminated free water solutions escalating product demand.

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In recent years, silver nanoparticles market has emerged as one of the most lucrative business spheres pertaining to the increasing product acceptance across the healthcare and food processing sectors. Silver nanoparticles are prominently integrated into medicines used to treat various infectious diseases including influenza, diarrhea, cholera, and so on. An upsurge in disease burden has been observed across the global economies lately, owing to the surging prevalence of infectious diseases. In order to prevent such outbreaks of infectious diseases, most of the healthcare service providers have suggested the deployment of silver nanoparticles owing to its unique property such as high antimicrobial activity.

This acquisition is also slated to emerge beneficial for Apotheca Biosciences to strengthen its knowledge and level of expertise in the development of CBD products. In addition, it will also enhance its delivery technologies and product portfolio comprising sublingual and transdermal solutions. It is rather discernible that with the adoption of various strategies like mergers and acquisitions, silver nanoparticles market contenders have been attempting to consolidate their stance in the industry. Driven by the product’s versatile usage in medical applications, Global Market Insights, Inc., forecasts silver nanoparticles market size from healthcare & life science applications to be pegged at an appreciable USD 1 billion by 2024.

Over the last few years, numerous start-up companies have invested in this business vertical, considering the product’s remarkable use in textile applications. The New Jersey-based PurThread is also one of the startup companies that had invested USD 9 million in the development of silver nanoparticle-based solutions to destroy microorganisms in the textile fibers. This technology has been extensively used across military, healthcare, and athletic applications for processing used clothes and textile fabrics.

Healthcare silver nanoparticles market registered more than USD 470 million in 2017. Medicinal advantages including anti-microbial property is serving prominent application in pharmaceutical industry. Surging cost treatments from last few years nanomaterial is proving a cost-effective solution in life sciences leading towards high adoption of silver nanoparticles.

Electronic & electricals market is likely to witness over 12.6% CAGR up to 2024. Rapid advancements in electronics & IT industry owing to rising product innovation and processing pace instigating need for high conductive materials to qualify leading edge electrical machinery. Improving demand for high conductive particle including semiconductors, keyboards, and mobile phones are instigating silver nanoparticles market growth.

Silver nanoparticles market is competitive owing to presence of limited companies. The major companies are American Elements, Cima Nanotech, BASF and Advanced Nano Products. Other companies are NanoHorizons, Nanocs, Meliorum Technology, BBI Solution, and Cline Scientific are the notable players in the market.

Glimpse of Table of Content (ToC)

Chapter 3     Silver Nanoparticles Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013- 2024

3.3   Industry ecosystem analysis

3.3.1 Raw material suppliers

3.3.2 Manufacturers

3.3.3 Distributors & dealers

3.3.4 End users

3.3.5 Profit margin trends

3.3.6 Distribution channel analysis

3.3.7 Vendor matrix

3.4   Pricing analysis, by region

3.4.1 Cost structure analysis

3.5   Technology & innovation landscape

3.5.1 Biological synthesis

3.5.2 Physical synthesis

3.5.3 Chemical synthesis

3.6   Regulatory landscape

3.6.1 U.S.

3.6.1.1  U.S. Food & Drug Administration: FDA’s action on nanotechnology

3.6.1.2  FDA’s approach to regulation of nanotechnology products

3.6.1.3  Safety assessment of food substance

3.6.2 Europe

3.6.2.1  Recommendation of European Commission 2011/696/EU

3.6.2.2  Nanosilver: safety, health and environmental effects and role in antimicrobial resistance

3.6.2.3  Uses of nanosilver

3.6.2.4  Consumer uses

3.6.2.5  Textiles

3.6.2.6  Health care uses

3.7   Industry impact forces

3.7.1 Growth drivers

3.7.1.1  Strong demand for antibiotic coatings in health-care applications

3.7.1.2  Necessity for energy efficient lighting system along with increasing penetration of LED lighting

3.7.1.3  Increasing consumer spending on packaged foods along with rising health awareness against food borne diseases

3.7.2 Industry pitfalls & challenges

3.7.2.1  Stringent regulations on nanoparticle usage in food packaging

3.7.2.2  Presence of substitute materials in several applications

3.8   Growth potential analysis, 2017

3.9   Company market share analysis, 2017

3.9.1 Strategy dashboard

3.10 Porter’s analysis

3.11 PESTEL analysis

Chapter 4     Silver Nanoparticles Market, By Application

4.1   Global silver nanoparticles market share by application, 2017 & 2024

4.2   Electronics & electricals

4.3   Healthcare & lifesciences

4.4   Food & beverages

4.5   Textiles

4.6   Others

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/silver-nanoparticles-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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