Three prominent trends that would foster Silver Nanowires Market outlook through 2025

Silver nanowires market is likely to foresee commendable growth over the coming years owing to an expansive product application scope in the electronic industry, largely attributed to its excellent conductivity. The product is also widely used in electronic industry owing to its high efficiency in smattering and absorbing light, which is defined through different microscopic methods including atomic force, scanning electron and transmission electron.

Additionally, rising focus towards R&D for miniaturization of large circuits and quantum devices, to decrease component sizes without compromising functioning and efficiency, is expected to boost the demand for silver nanowires. Major industry players are opting for numerous strategies like mergers, acquisitions, collaboration and partnerships to form a global footprint and market competition.

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Citing an instance, in September 2020, Showa Denko, a leading chemical industry enterprise, announced the merger of its wholly owned consolidated subsidiary Showa Denko Carbon Holding GmbH with its Showa Denko Europe GmbH consolidated subsidiary. This new merger would aid in expanding the business operations of Showa Denko in Europe by fusing the business support function of SDE and business management function of SDCH into one.

As per a new research report by Global Market Insights Inc., the silver nanowires market is estimated to surpass a valuation of $1.5 billion by the end of 2025.

Following are some of the key trends that are expected to shape the silver nanowires industry growth:

Growing adoption of medical imaging in Germany

Regionally, Germany silver nanowires industry from medical imaging application is likely to exceed a valuation of more than $90 million by the end of the analysis timeline. Silver nanowires have anti-bacterial properties and also boast of low toxicity, which can be used in the form of nanoparticles and ions in medical imaging. Expanding market of gastroenterology, gynecology, oncology, cardiology, orthopedics, and neurology, due to rising number of chronic ailments and increasing adoption of medical imaging, will further strengthen the business scenario.

Growing product demand across solar industry in China

Silver nanowires market in China from solar applications is anticipated to witness more than 30% gains in the coming years. This growth is ascribed to the high aspect ratio of the product as well as conductive properties which can be used in non-transparent and transparent applications including conductive inks, pastes and solar displays.

Moreover, increasing number of favorable initiatives from the Chinese government, which includes the goal of attaining 1,300 GW of solar capacity, will also add towards regional market growth.

Expanding consumer electronics industry in France

The silver nanowires market in France from 80nm wires is expected to witness gains of more than 25% over the forecast time period. Silver nanowires is known to have a diverse array of applications, including consumer electronics due to its high efficiency and versatile properties.

Additionally, the consumer electronics sector in France is likely to exceed a valuation of more than $8 billion by the end of 2023, which is anticipated to greatly bolster the industry outlook growth.

In recent years, the market has witnessed several new innovations, research breakthroughs, and product launches. The COVID-19 pandemic has emphasized the importance of monitoring health and vital signs. Consequently, a number of research initiatives are being taken in this direction as scientists look to make solutions that better equip humanity in managing pandemic-like situations in the future.

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Citing a June 2020 instance, where a dedicated team of scientists at the Institute of Advanced Materials and North Carolina State University, reportedly developed a novel silver nanowire-based electrode utilizing a simple and economical technique. These ultrathin electrodes can be used to monitor health or might be adapted into touch screens for a simple game of Tetris.

However, an overall lack of infrastructure for manufacturing of silver nanowires as well as the known performance breakdowns these nanowires experience at extremely high temperatures might hamper market growth. Additionally, very high penetration of the material’s substitute, indium-tin-oxide, will also majorly affect the price trend.

Overall, the high product usage due to distinct thermal, electrical and optical properties coupled with excellent absorption and reflection features will boost the product demand. NanoTech Labs, RAS AG, C3Nano, Showa Denko K.K, and Hefei Vigon among others are some of the key players operating in the silver nanowires market.

About Global Market Insights:

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