Growing industrial sector and expenditure towards nanotechnology research in Asia-Pacific is expected to provide significant opportunities to the industry players and new entrants in this region.
Portland, OR -- (SBWIRE) -- 10/26/2017 -- Global Nano Silver Market was valued at $433 million in 2015, and is expected to reach $1,605 million by 2022, supported by a CAGR of 20.5%. Nano silver has at least one external dimension in the range of 1100 nanometers approximately. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the study period.
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The industry players made significant investments on new commercial avenues for their product segments via strategic partnerships & collaborations. Governmental funding towards extensive research and development activities coupled with rise in demand for nano silver from various end-user industries owing to its superior properties are the key driving factors of the market. Also, the decrease in prices of nano silver owing to the improving manufacturing technologies is expected to drive the demand for nano silver over the forecast period. However, growing concerns over environmental impact & toxicity of nano silver, high processing costs, and stringent environmental regulations could hamper the market growth during the forecast period.
Nano silver particles are presumably capable of entering almost all human organs and penetrating cell membranes. This bioavailability could result in a potential impact on human health and environment, both in terms of hazard and exposure in the different biological media.
Key Findings of Nano Silver Market:
* Pharmaceuticals segment is expected to witness highest CAGR of 21.3% during the forecast period.
* Electrical & electronics and pharmaceuticals segment together accounted for more than half of the market share in 2015.
* Asia-Pacific is anticipated to lead the market throughout 2022, growing at a CAGR of 21.0%, in value terms.
* In 2015, China and U.S. led the emergent demand in the global nano silver market.
The report provides comprehensive analysis of the key players that operate in the global nano silver market such as Cambrios Technologies Corp., Cima Nano Tech, Inc., Blue Nano, Inc., Applied Nanotech Holdings, Inc., Advanced Nano Products, Ames Goldsmith Corporation, NovaCentrix Corp., NanoMas Technologies, Silvix CO. LTD., and ABC Nanotech, LTD. These players occupy a major share in the global nano silver market followed by other tier 2 and tier 3 players worldwide.
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