PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462946
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462946
Silver Nanowires Market size was valued at USD 146.65 Million in 2023, expanding at a CAGR of 30.5% from 2024 to 2032.
Silver nanowires are slender, elongated structures composed of silver, typically exhibiting diameters ranging from tens to hundreds of nanometers and lengths extending to several micrometers. These nanowires possess distinctive electrical, optical, and mechanical characteristics, rendering them highly desirable materials for a multitude of applications, particularly in electronics, optoelectronics, and nanotechnology fields. Leveraging their exceptional electrical conductivity, silver nanowires find utility as transparent conductive electrodes in various devices such as touchscreens, flexible displays, and solar cells. Furthermore, their remarkable flexibility and stretchability render them suitable for integration into flexible and wearable electronics.
Silver Nanowires Market- Market Dynamics
Applications in touchscreens, displays, sensors, and various other device in electronics industry to propel market demand
The electronics sector is increasingly embracing silver nanowires for applications in touchscreens, displays, sensors, and various other devices, owing to their exceptional electrical conductivity and optical transparency. Silver nanowires facilitate the creation of thin, flexible, and highly conductive transparent electrodes, offering a viable alternative to conventional indium tin oxide (ITO) electrodes in displays and touch panels. Notably, in January 2022, Samsung announced its adoption of silver nanowires in smartphone displays, with other industry giants such as LG, Sony, and Xiaomi also exploring their use in display technologies. The superior flexibility and cost-effectiveness of silver nanowires compared to ITO electrodes are driving their widespread adoption in consumer electronics. Moreover, silver nanowires are gaining significant momentum in photovoltaic applications due to their ability to enable the development of thin, flexible, lightweight, and highly efficient solar cells. The application of transparent silver nanowire electrodes on solar cells enhances light absorption and boosts efficiency compared to conventional electrodes. For instance, researchers at the University of New South Wales achieved a certified efficiency of 25.5% in a solar cell developed using silver nanowire electrodes in 2021. With the escalating global installations of solar photovoltaic systems, the utilization of silver nanowires to enhance solar cell efficiency is expected to drive market expansion.
Silver Nanowires Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 30.5% over the forecast period (2024-2032)
Based on Wire Size segmentation, 40m was predicted to show maximum market share in the year 2023
Based on application segmentation, anti-microbial was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Silver Nanowires Market is segmented on the basis of Wire Size, Synthesis Method, Application, End User, and Region.
The market is divided into four categories based on Wire Size: silver nanowires 30nm, silver nanowires 40m, silver nanowires 60m, and silver nanowires 80m. In 2023, the silver nanowires 40m segment captured the largest market share and is anticipated to maintain its dominance throughout the forecast period. This segment is extensively utilized in various optical and chemical applications due to its attributes such as robust optical transmission, low sheet resistance, and elasticity.
The market is divided into four categories based on application: optical, anti-microbial, conductive, and chemical & thermal segments. The anti-microbial segment emerges as the dominating segment due to its antibacterial properties, effective in preventing or treating bacterial infections. This product finds wide-ranging applications in wound dressings, footwear, cosmetics, plastics, and apparel.
Silver Nanowires Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In the silver nanowire market, companies employ strategic measures to capitalize on their unique attributes and applications across diverse industries. Principally, companies prioritize research and development endeavors to continually innovate and refine silver nanowire manufacturing processes. This entails optimization of synthesis techniques, precise control over nanowire dimensions, and enhancement of surface properties to augment conductivity, transparency, and mechanical flexibility. Collaborative ventures with academic institutions and research organizations facilitate knowledge exchange and provide access to state-of-the-art technologies, thereby propelling advancements in silver nanowire production and application development.
In September 2022, Cambrios, a notable player in the development of electronic materials for the display industry, introduced ClearOhm FES 92, a novel silver nanowire ink tailored for printed electronics and flexible displays. This innovative ink solution delivers superior conductance and transparency, catering to the requirements of touch sensors and other electronic devices.
GLOBAL SILVER NANOWIRES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Cambrios
Blue Nano
C3Nano
Nanopyxis
Hefei Vigon Material Technology
Gu's New Material
ACS Material
Zhejiang Kechuang Advanced Materials
BASF
PlasmaChem
Suzhou ColdStones Technology
Nanopix
Novarials
Abrisa Technologies
ACS Material LLC
Blue Nano Inc.
Cambrios Technologies Corporation
Novarials Corporation
Seashell Technology LLC
Others