July 13, 2024
Silver Nanowires Market

Silver Nanowires Market Is Estimated To Witness High Growth Owing To Increased Demand For Transparent Electronics And Surge In Solar Energy Production

Market Overview:

Silver nanowires are nanoscale sized wires made of silver that have high electrical conductivity and flexibility. They have emerged as a promising material for applications in touch screens, OLED displays, solar panels and other transparent conductive materials. Silver nanowires are transparent and can conduct electricity with high efficiency even at room temperature. Their high aspect ratio allows for a low-density network which is transparent as well as conductive.

Market Dynamics:

Silver nanowires are witnessing increased demand owing to their applicability in transparent electronics including touch screens, OLED/LCD displays and smart windows. The surging demand for consumer electronics with large high-resolution touchscreens is driving the silver nanowires market. Additionally, the growing production of solar energy is propelling market growth. Silver nanowires provide a cost-effective alternative to replace traditional indium tin oxide in solar cell applications. They exhibit high transmittance, flexibility and conductivity suitable for organic photovoltaic devices. Furthermore, ongoing research and development activities to improve the properties of silver nanowires such as stability, uniformity and scalable manufacturing is anticipated to present new opportunities for market players over the forecast period.

The global Silver Nanowires Market Demand is estimated to be valued at US$ 148.1 Million in 2023 and is expected to exhibit a CAGR of 34.6% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis

The global silver nanowires market is dominated by the electronics segment. Silver nanowires find extensive usage in touch panels, foldable displays, transparent electrodes and other applications in consumer electronics. Touch panels are expected to be the largest application segment owing to surging demand for smartphones, tablets and other touch-enabled devices. Silver Nanowire Market allow for higher optical transmittance and flexibility as compared to conventional materials like ITO.

PEST Analysis

Political: No significant political factors are expected to influence the silver nanowires market growth over the forecast period.
Economic: The growing consumer electronics industry coupled with rising disposable incomes in developing nations will drive demand.
Social: Increasing usage of smartphones, tablets and other touch-enabled devices has boosted uptake of silver nanowires.
Technological: Silver nanowires allow for development of flexible and transparent displays. Continuous R&D towards improving optical and electrical properties will support market expansion.

Key Takeaways

The global silver nanowires market size is expected to reach US$ 148.1 million in 2023, exhibiting a CAGR of 34.6% over the forecast period. Surging demand for touchscreens, OLEDs and other electronics is a major factor propelling silver nanowire consumption. Regionally, North America dominates currently led by the US and is expected to remain most lucrative owing to strong electronics manufacturing base. Cambrios, Blue Nano, C3Nano, Nanopyxis, Hefei Vigon Material Technology, Gu’s New Material, ACS Material, Zhejiang Kechuang Advanced Materials, BASF, PlasmaChem, Suzhou ColdStones Technology, Nanopix, Novarials, Abrisa Technologies, ACS Material LLC, Blue Nano Inc., Cambrios Technologies Corporation, Hefei Vigon Material Technology Co., Novarials Corporation, Seashell Technology LLC are some of the prominent players operating in the silver nanowires market.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it