Sturdy growth in nano-technology based consumer electronics in North America will help in attaining promising gains in the nanosilver market size in the coming years

Sellbyville, DE -- (SBWire) -- 10/29/2018 --GMI presents a most up-to-date research on "Nanosilver Market – Global Industry Analysis, Size, Share, End-user (Electrical & Electronics, Healthcare, Food & Beverages, Textile, Water Treatment), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC) and Forecast 2017 – 2024".

Nanosilver Market size is poised to exceed USD 3.3 billion by 2024; according to a new research report by Global Market Insights, Inc. Robust demand for anti-microbial coating across food & beverage industry, healthcare, consumer applications, personal care, etc. will boost nanosilver market size. This is chiefly due to anti-microbial properties possessed by product which helps across several applications in the aforementioned industries. For instance, in the medical industry, product is used to manufacture tubes, bandages, ointments, etc.

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Nanosilver market size for physical mode of synthesis attained a prominent industry size which is anticipated to rise at a moderate rate by 2024. In physical mode, it is synthesized by evaporation and condensation which is carried using tube furnace at atmospheric pressure. However, this mode is not preferred for product generation as tube furnace occupies large space and consume large amount of energy which needs significant amount of time to achieve thermal stability. Biological and chemical reduction mode of synthesis are usually preferred owing to several advantages including cost-effectiveness, energy efficient, etc. which is likely to help propel nanosilver market size in the forecast spell.

Water treatment industry for nanosilver market size will witness growth close to 11% during the forecast timespan. This is primarily due to improving standards & legislations towards human health & environment primarily in the emerging economies which is likely to drive product demand over the projected timeframe. Product is extensively used as a disinfectant in drinking water supplies due to its biocidal properties.

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Based on the mode of synthesis, the physical segment will witness gains in the nanosilver market in the near future. This mode of synthesis is by condensation and evaporation and is done using a tube incinerator at atmospheric compression.

However, the tube furnace is only used when there is a need for heavy production as it consumes a massive quantity of energy, which requires a considerable time to attain thermal solidity. Usually, the chemical and biological reduction method is preferred for synthesis due to its energy and cost efficiency, which is will boost the nanosilver market by 2024.

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North America accounted approximately 40% of the overall nanosilver market in 2016. The continuous technological advancements and healthcare improvements will make a prominent contribution to the nanosilver market by 2024. Furthermore, industries including textile, food, personal care, and water treatment are also creating pathways for the nanosilver market to grow significantly by 2024.

Prominent nanosilver market share contributors are NovaCentrix, Creative Technology, NanoMas Technologies, Blue Nano, RAS, Bayer MaterialScience, SILVIX, Inkron, and Cambrios Technologies.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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