Research Nester assesses the growth and market size of the global silver nanowires market, which is anticipated to be on account of the growing demand for high-quality touch screens, flexible displays, and efficient batteries in mobile devices such as smartphones and tablets.
New York – May 9, 2023 - Research Nester’s recent market research analysis on “Silver Nanowires Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global silver nanowires market in terms of market segmentation by fabrication techniques, application, and by region.
World Wide Demand for Electronic Devices That Exhibits High Energy Efficiency and Performance to Promote Global Market Share of Silver Nanowires Market
The demand for electronic devices that could exhibit excellent performance with a profitable consumption of energy is the major factor thought to drive the market growth during the forecast period. The transparent conductive film is an inevitable component in many electronic devices used by consumers during the present times. These films are manufactured using several raw materials, of which one of the most prominent is silver nanowires. Wearable electronics, smartphones, and tablets are all devices that use silver nanowires for their transparent conductive film. The high conductivity of silver nanowires ensures that the incorporation of these transparent conductive films enhances the performance of these electronic devices while making them more energy efficient.
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Some of the major growth factors and challenges that are associated with the growth of the global silver nanowires market are:
Growth Drivers:
Considerable Increase in the Spending on Research
Large-scale Adoption of Energy Sources for Renewable Energy
Challenges:
One of the major factors that should hinder market growth during the forecast period is the very high cost of silver nanowires. Silver nanowires are mostly used in the manufacturing of transparent conductive materials. However, silver nanowires are often replaced by alternatives such as indium tin oxide (ITO) as a result of their high pricing. This large-scale replacement of silver nanowires with other raw materials for the manufacturing of transparent conductive materials for electronic devices is thought to affect market growth adversely. The insufficient availability and the difficulties in sourcing silver nanowires might also restrict the global market size for silver nanowires.
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By application, the global silver nanowires market is segmented into optical, chemical, anti-microbial, and thermal. Of these, the chemical application is expected to contribute to the market growth the most. The chemical application is expected to hold the largest share of market revenue, amounting to 35% by the end of the forecast period. One of the major chemical applications of silver nanowires is in the manufacturing of solar cells. The demand for renewable energy is the major driving force behind the growth of the application. Further, the rise in funding for research and development (R&D) is boosting the use of silver nanowires in energy storage, biomedicine, and other chemical applications.
By region, the Asia Pacific silver nanowires market is to generate the highest revenue by the end of 2035. This growth is anticipated by the wide use of consumer electronics all through the region. The presence of the largest producers of electronics, such as Japan, China, and South Korea, should contribute considerably to Asia Pacific's projected revenue share of 35% in the market by 2035. China Academy of Information and Communications Technology estimated the smartphone shipments of the country during the first quarter of 2021 at 365 million units, with a year-on-year growth of 66%. Further, the regional market should also benefit from growing investments in R&D, a large manufacturing sector, and favorable government policies.
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This report also provides the existing competitive scenario of some of the key players of the global silver nanowires market which includes company profiling of Cambrios Technologies Corporation, C3Nano, Seashell Technology LLC, Nanopyxis Corporation, Blue Nano Inc., RAS AG Materials, NanoComposix, Saint-Gobain S.A., Carestream Advanced Materials, ACS Material LLC, and others.
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