Silver particles ranging from 1 nm to 100 nm in size are called nanosilver particles. These microscopic particles are used in cosmetics, pharmaceuticals, plastics, and many other areas. The reason why nanosilver particles are used in several applications is their remarkable properties such as large surface area in comparison to a solid block of silver of the same volume, excellent antibacterial characteristics, less loading of silver, and good conductance. Nanosilver particles are made by combining silver nitrate and silver salts such as silver oxide, silver acetate, and silver sulfate, and other compounds such as sodium borohydride. Depending on the type of product, nanosilver is available in colloidal, powder, and master batch forms.
The global nanosilver market is segmented on the basis of end user into healthcare, electrical and electronics, food and beverages, water treatment, textile, and others such as detergents and personal care. Geographically, this market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.
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Electrical and Electronics Segment Drives Global Nanosilver Market
According to research analysts at Transparency Market Research, the electrical and electronics segment is the largest consumer of nanosilver. Nanosilver is largely used in flexographic inks, conductive inks, biological and chemical sensors, printed circuit boards, and several other conductive components due to its excellent conductive and optical properties. Additionally, the ongoing trend of miniaturization in the field of electronics is also accelerating the demand for nanosilver in the overall electrical and electronics industry.
Asia Pacific to Emerge as Leading Regional Segment
Geographically, North America held the largest share of 40% in the global nanosilver market in 2014 due to high demand from the U.S. Asia Pacific followed this regional market closely due to a soaring demand for nanosilver in the emerging electrical and electronics applications in South Korea and Japan. These two regions are expected to continue their dominance in the coming years as economies stabilize, giving a chance to several budding industries.
Healthcare Industry to Increase Usage of Nanosilver Particle
The next big contributor to the overall nanosilver market is the healthcare industry, which uses these particles for several applications. Nanosilver is generously used in anti-microbial applications, along with being used in disinfectant coatings in the biomedical industry and production of medical instruments. Demand for nanosilver from the healthcare industry is expected to increase in the coming years due the ability of nanosilver to reduce the healing time of wounds, pain, and the frequency of dressings for those suffering from burn injuries.
Analysts also predict that unique applications of nanosilver in the biomedical industry are also likely to open up a wide range of opportunities for companies operating in the market. Though research and development is being conducted to look into widening the usage of nanosilver particles in areas such as personal care, medical devices, and textiles, the low price of conventional silver is likely to restrain the growth of this market. Some of the key players in the global nanosilver market are NovaCentrix, Advanced Nano Products Co., Ltd., NSM (Nano Silver Manufacturing SDN BHD), Ames Goldsmith Corp., Creative Technology Solutions Co., Ltd., Applied Nanotech, Inc., NanoMasTech., SILVIX Co., Ltd., and ras materials GmbH.
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