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| Global Silver Nanowires Market |
The Global Silver Nanowires Market Is Estimated To Be Valued At US$ 148.06 Mn 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 Extremely Thin Silver Wires With Diameters Ranging From 30
To 100 Nanometers. They Have High Electrical Conductivity And Transmissivity
Due To Surface Plasmon Resonance Properties. Silver Nanowires Are An Important
Nanomaterial For Flexible And Transparent Electrodes Required In Applications
Like Touch Panels, OLED/LCD Displays, Solar Cells, Smart Windows And
Biosensors. They Provide High Conductivity As Well As Optical Transparency
Crucial For Development Of Next Generation Electronic Devices And Solar
Applications. Their Advantages Over Conventional Transparent Conductors Include
Higher Flexibility, Lower Cost Of Production And Better Mechanical Properties.
Market Key Trends:
One Of The Key Trends In The Silver Nanowires Market Is Their Increasing Usage
In Touch Panels Of Smartphones, Tablets And Other Consumer Electronics. Silver Nanowires
Provide High Optical Transmittance And Flexibility Required For Touch Screens
In Flexible Devices. Growing Demand For Larger Touchscreens Coupled With Advent
Of Foldable Phones Is Expected To Drive Their Consumption. Furthermore,
Increasing Focus On Developing Energy Efficient Smart Windows Using Silver
Nanowires Is Another Emerging Trend. Silver Nanowire Coatings Allow Controlling
Heat And Light Transmission In Buildings, Reducing Energy Costs Of Heating And Cooling.
They Enable Dynamic Control Of Natural Light And Solar Heat For Applications In
Automotive And Aerospace Sectors.
Porter’s Analysis
Threat Of New Entrants: The Threat Of New Entrants In The Global
Silver Nanowires Market Is Moderate As It Requires Advanced
Manufacturing Infrastructure And Technologies To Manufacture Silver Nanowires.
Bargaining Power Of Buyers: The Bargaining Power Of Buyers Is Low To Moderate
As There Are No Close Substitutes For Silver Nanowires And Manufacturers Have
Significant Control Over Silver Nanowires Pricing.
Bargaining Power Of Suppliers: The Bargaining Power Of Suppliers Is Moderate As
Raw Materials Required For Silver Nanowires Such As Silver Are Available From A
Few Global Suppliers.
Threat Of New Substitutes: The Threat Of New Substitutes Is Low As Silver
Nanowires Have Clear Advantages Over Alternatives In Conductivity And
Transparency.
Competitive Rivalry: The Competitive Rivalry In The Silver Nanowires Market Is
High Due To Presence Of Large Number Of Players And Increasing Investments In R&D.
Key Takeaways
The Global Silver Nanowires Market Is Expected To Witness High Growth,
Exhibiting CAGR Of 34.% Over The
Forecast Period, Due To Increasing Application Of Silver Nanowires In
Touchscreens, OLED Lighting, Solar Cells And Others.
Regional Analysis: Asia Pacific Dominates The Global Silver Nanowires Market
And Is Expected To Grow At The Fastest Pace During The Forecast Period Owing To
Presence Of Major Electronics Manufacturers And Rapidly Increasing Investments
In Solar Industry In Countries Such As China, India, Japan And South Korea. North
America And Europe Also Hold Significant Share In The Silver Nanowires Market.
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. Key Players Are Focusing On New Product Launches, Partnerships
And Capacity Expansions To Meet Increasing Demand For Silver Nanowires And
Strengthen Their Market Position.
Read More: https://www.trendingwebwire.com/silver-nanowires-market-growth/