Silver Nanowires Market Size & Share, by Fabrication Techniques (Transfer Printing onto Poly Substrates, Drop Casting, Vacuum Filtration); Application (Optical, Anti-Microbial, Chemical, Thermal) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4934
  • Published Date: May 03, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Silver Nanowires Market size is projected to surpass USD 29 billion by the end of 2035, growing at a CAGR of 9% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of silver nanowires was USD 10 billion. Silver nanowires are used in the production of high-quality touchscreens, which are essential components of modern smartphones. The market growth can be credited to the increasing adoption of smartphones, tablets, and other mobile devices, which require high-quality touchscreens.

Additionally, silver nanowires are also used in other components of smartphones, such as flexible displays and batteries. Flexible displays allow smartphones to be more durable and versatile, while silver nanowire-based batteries can provide longer-lasting and more efficient power.


silver-nanowires-market
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Silver Nanowires Sector: Growth Drivers and Challenges

Growth Drivers

  • Demand for High-Performance and Energy-Efficient Electronic Devices - Silver nanowires are a key component in the production of transparent conductive films, which are used in electronic devices, such as smartphones, tablets, and wearable devices to enhance their performance and energy efficiency.
     
  • Increasing Adoption of Renewable Energy Sources - The growing focus on renewable energy sources, such as solar cells, is driving demand for highly conductive and transparent materials. Silver nanowires are being used in the production of transparent conductive films for solar cells.
     
  • Rise in Research Spending - Growth in the silver nanowires market can be further attributed to increased investment in research and development activities to continuously find more viable solutions for silver nanowires.

Challenges

  • High cost - Silver nanowires are more expensive than other transparent conductive materials such as indium tin oxide (ITO), which is widely used in various electronic devices.
     
  • Availability and sourcing
     
  • Performance issues

Silver Nanowires Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 9%

Base Year Market Size (2022)

~ USD 10 Billion

Forecast Year Market Size (2035)

~ USD 29 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Silver Nanowires Segmentation

Application (Optical, Anti-Microbial, Chemical, Thermal)

The chemical application segment is estimated to account for 35% silver nanowires market share by the year 2035. The use of silver nanowires in the production of solar cells is driving the growth of the chemical segment in the market, as the demand for renewable energy sources continues to increase globally.

The increasing investments in research and development (R&D) activities are driving the growth of the chemical segment of the market. Researchers are exploring the potential use of silver nanowires in various fields, including biomedicine and energy storage.

Fabrication Techniques (Transfer Printing onto Poly Substrates, Drop Casting, Vacuum Filtration)

The vacuum filtration segment in the silver nanowires market is expected to garner a significant revenue share of around 30% by 2035. The demand for electronic devices, such as smartphones, tablets, and laptops, is increasing globally. Vacuum filtration is a key step in their manufacturing process of electronic components of these devices like, touchscreens and flexible displays.

Advancements in vacuum filtration technology are driving the growth of the vacuum filtration segment of the market. For example, the development of new filter materials and equipment is improving the efficiency and effectiveness of the vacuum filtration process, reducing production costs and increasing production yields.

Our in-depth analysis of the global market includes the following segments:

           Application

  • Optical
  • Anti-microbial
  • Chemical
  • Thermal

 

   

      Fabrication techniques

  • Transfer printing onto poly substrates
  • Drop Casting
  • Vacuum Filtration

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Silver Nanowires Industry - Regional Synopsis

APAC Market Statistics

Asia Pacific silver nanowires market is projected to hold the largest revenue share of 35% by the end of 2035. The regional growth can majorly be attributed to the increasing demand for consumer electronics. The Asia Pacific region is home to some of the largest consumer electronics markets in the world, including China, Japan, and South Korea. According to the China Academy of Information and Communications Technology, China's smartphone shipments reached 365 million units in the first quarter of 2021, a year-on-year increase of 66%.

The Asia Pacific region is also seeing increasing investment in renewable energy sources, propelling the market demand. Governments in the region are implementing favorable policies to encourage the development of new technologies and industries. Also, Asia Pacific being one of the largest and growing manufacturing industry is boosting the market expansion.

North American Market Forecast

North America region, amongst all the other regions, is projected to hold the second largest silver nanowires market share of about 24% by 2035. This is owing to increasing demand for touchscreen displays across the region. Silver nanowires are a key component of touchscreens, and their demand is expected to continue to grow as manufacturers look for high-performance and energy-efficient alternatives to traditional touchscreens.

The North American region is a leader in nanotechnology research and development. Researchers in the region are developing new synthesis methods and exploring new applications for silver nanowires, which is expected to create new opportunities for the market.

Research Nester
Silver Nanowires Market Share
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Companies Dominating the Silver Nanowires Landscape

top-features-companies
    • Cambrios Technologies Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ACS Material LLC
    • C3Nano
    • Carestream Advanced Materials
    • Seashell Technology LLC
    • Saint-Gobain S.A.
    • Nanopyxis Corporation
    • NanoComposix
    • Blue Nano Inc.
    • RAS AG Materials

In-the-news

In The News

  • Cambrios Technologies Corporation: Cambrios announced that it had entered into a strategic collaboration with Touchpanel Laboratories, a Taiwan-based touch panel manufacturer. The collaboration aims to accelerate the adoption of Cambrios' silver nanowire technology in the touch panel market.
     
  • Saint-Gobain S.A.: Saint-Gobain announced that it had acquired Wattex, a South Korean manufacturer of silver nanowire-based transparent conductive films. The acquisition is expected to strengthen Saint-Gobain's position in the transparent conductive films market and accelerate the development of new products for the electronics and energy industries.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4934
  • Published Date: May 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing adoption of smartphones, tablets, and other mobile devices is the major factor driving the market growth.

The market size of stilbene is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023-2035.

The availability and sourcing is estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Cambrios Technologies Corporation, ACS Material LLC, C3Nano, Carestream Advanced Material, Seashell Technology LLC, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by fabrication techniques, application, and by region.

The chemical segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Silver Nanowires Market Report Scope
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