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
Buy Now Report ID: 4934 | Published Date: May 03, 2023
Silver Nanowires Market size is anticipated to surpass USD 29 billion by the end of 2035, registering around 9% growth rate 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.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 9% |
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Base Year Market Size (2022) |
~ USD 10 Billion |
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Forecast Year Market Size (2035) |
~ USD 29 Billion |
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Regional Scope |
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Growth Drivers
Challenges
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 silver nanowires market includes the following segments:
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Application |
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Fabrication techniques |
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APAC Market Forecast
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 Statistics
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.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: Increasing adoption of smartphones, tablets, and other mobile devices is the major factor driving the market growth.
Ans: The market size of stilbene is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023 – 2035.
Ans: The availability and sourcing is estimated to be the growth hindering factors for the market expansion.
Ans: 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.
Ans: The major players in the market are Cambrios Technologies Corporation, ACS Material LLC, C3Nano, Carestream Advanced Material, Seashell Technology LLC, and others.
Ans: 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.
Ans: The market is segmented by fabrication techniques, application, and by region.
Ans: The chemical segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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