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Silver (Ag) nano powder appears as a black, silver, or grey color powder, and it is available in different sizes ranging from 1 to 100 nm. It is also called silver nanoparticles, silver nanocrystals, and AgNPs. The silver nano powder is a free-flowing powder, and also highly conductive. It is available in ultra-high purity, high purity, oleic oil-coated, coated, polymer-dispersed, and dispersed forms. As a catalyst, the silver nano powder aids to improve the efficiency and speed of several chemical reactions including ethylene oxidation. Furthermore, to create convenient suspensions, it is also used to dissolve into a variety of solvents such as ethanol, water, and isopropanol. The silver nano powder finds its application in healthcare, textiles, electronics, food packaging, and chemical industries.
The rising demand for silver nano powder in food packaging and healthcare applications will fuel market growth. In food packaging applications, the product is used to maintain the freshness and shelf life of the packaged food while preventing bacteria. Whereas, in the healthcare application, the silver nano powder is utilized in various medical products such as endo tracheal tubes, antibacterial creams, catheters, wound dressings, and x-ray films. The demand is attributed to its effective antimicrobial property. The innovation in healthcare products coupled with rising demand for packaged food will surge the demand for silver nano powder.
However, the high price of silver nano powder reduces its use in various applications and increases the demand for substitute product including copper nano powder. Hence, this is anticipated to restrict the market growth.
Key Market Driver -
Increasing demand for silver nano powder in the healthcare and food packaging applications will drive the market growth
Key Market Restraint -
High price of silver nano powder to restrict the market growth
Based on form, the silver nano powder market is segmented into ultra high purity, high purity, coated, oleic oil-coated, dispersed, polymer-dispersed, and others. Based on application, the market is segmented into healthcare, textiles, electronics, food packaging, chemical, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the silver nano powder market includes American Elements, Nanoshel LLC, SkySpring Nanomaterials, Inc., Sisco Research Laboratories Pvt. Ltd, Inframat® Advanced MaterialsTM, Nanografi Nano Technology, AUTO FIBRE CRAFT, INSCX exchange (The Integrated Nano-Science & Commodity Exchange), Fisher Scientific UK Ltd, Novacentrix, Hongwu International Group Ltd,and Oocap Inc..
Asia Pacific is anticipated to witness sustainable growth in the silver nano powder market. The growth is attributed to the rapidly growing healthcare industry, which further raises the need for silver nanopowder as an antibiotic. The rising demand for the product in the electronics industry will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, the growth is due to the rising product adoption as a catalyst in the chemical industry. The Middle East & Africa and Latin America are anticipated to witness significant growth, owing to the rising demand for the product in the textile industry.
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