July 22, 2024
Silver Nanowires Market

Transparent Conductors Is The Fastest Growing Segment Fueling The Growth Of Silver Nanowires Market

The Global Silver Nanowires Market Is Estimated To Be Valued At US$ 148.06 Million In 2023 And Is Expected To Exhibit A CAGR Of 34. % Over The Forecast Period 2023 To 2030, As Highlighted In A New Report Published By Coherent Market Insights.

Market Overview:
Silver Nanowires Are Highly Conductive Nanoparticles Of Silver That Are Used As Transparent Conductors In Various Optoelectronic Applications Such As Touch Screens, OLED And LCD Displays. Due To Their High Conductivity, Flexibility And Transparency, Silver Nanowires Provide An Alternative To ITO And Make For Better Transparent Conductors.

Market Key Trends:
One Of The Key Trends In The Silver Nanowire Market Is Its Use In Applications Related To Transparent Conductive Films And Coatings. Silver Nanowires Have Better Flexibility, Stretchability And Compatibility With Plastic Substrates As Compared To Conventional ITO Coatings. This Allows For Development Of New Generation Of Flexible And Bendable Touch Screens, Transistors And Other Flexible Displays. The High Transparency And Conductivity Of Silver Nanowires Make Them Suitable Replacement Candidates For ITO In Various Electronic Displays Including Lcds, Oleds And Other Optoelectronic Devices. Ongoing R&D For Improvement In Silver Nanowire Synthesis Techniques To Achieve Better Conductivity, Transmittance And Post-Synthesis Handling Is Also Fueling The Demand.
Segment Analysis
The Global Silver Nanowires Market Is Dominated By The Application Segment Which Accounts For Over 50% Of The Market Share. This Segment Is Further Segmented Into Touch Screens, OLED Lighting, Solar Cells, Augmented Reality (AR) And Transparent Conductors. Touch Screens Sub-Segment Dominates The Application Segment Owing To Increasing Demand For Smartphones, Tablets And Other Consumer Electronic Devices Which Use Silver Nanowires In Touch Screens.

Key Takeaways
TheĀ  Global Silver Nanowires Market Is Expected To Witness High Growth, Exhibiting CAGR Of 34. % Over The Forecast Period, Due To Increasing Demand For Touchscreen Devices, Flexible Electronics And Wearable Technology.

Regional Analysis
Asia Pacific Region Dominates The Global Silver Nanowires Market With Over 40% Share Majorly Driven By China, Japan, South Korea And India. This Is Attributed To Growing Electronics And Semiconductor Industries In These Countries. North America And Europe Regions Are Also Among The Fast Growing Regions Owing To High Adoption Of Flexible Electronics And Solar Cells.

Key Players
Key Players Operating In The Silver Nanowires Market Are Cambrios, Blue Nano, C3Nano, Nanopyxis, Hefei Vigon Material Technology, 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. Among These, Cambrios, Blue Nano And C3Nano Captured Over 40% Of Global Market Share In 2022.

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