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.
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