Silver Nanowires Market - Forecast(2022 - 2027)

In the recent years noble metal nano materials especially silver nano materials are being used increasingly because of their diversified uses and conductive properties. Among these various nano structures silver nanowires have seen increased demand due to its high conductivity and optical transmittance. Silver being a noble metal, has all the characteristics that makes it one of the best ingredients for nano wires. 

Silver nanowires have been considered as the next generation transparent conductive electrodes (TCEs) in semiconductor devices owing to their properties such as higher optical transmittance, reduced sheet resistance, flexibility and low processing cost. This market’s total revenue was valued at $320.55million projected to grow at a CAGR of 6.4% during the forecast period 2018-2023 and expected to reach $ 425 million by 2023.

Nanowires are extremely small sized wires generally below 100 nm in diameter they can be several thousand nanometers long they are generally made from nano silver. Silver and gold are preferred as material for making nano wires since it is a noble metal and has low chances of surface defects and can offer workable conductivity but gold nanowires are expensive for large scale implications. The dimensional difference leads to the nanowires being categorized as 1-dimensional materials.  Nanowires generate quantum effects that are not present in normal wires which are made of bulk material. These wires are used in energy, electronics and environment sectors on a large scale.

Nanowires are really extraordinary products which help in the operation of several other nanodevices. They are used in solar cells, displays and sensors for making connections which are electrically sensitive. Transparent conductive films and silver adhesives are also available for application in nano instruments. 

Nanowires are used in nano-welding techniques for fixing connections in nanodevices. Transparent OLEDs and micro led displays use silver nanowires. Ag nanowires are applied in making printed electronic boards which are very small in size by using special processing techniques. Silver nanowires are being researched at fundamental as well as applied levels.  Production technology is simple and also the electrical and optical properties of silver are excellent.  AgNWs show great application potential in photoelectron, nanomicroelectronic device and composite functional material including TCFs and conductive silver adhesive.

 

The players profiled in the report include Johnson Mathey Plc, RAS AG Material Technologies, Showa Denko K.K., NanoTech Labs Inc., Conductive Compounds, Inc, TPK, C3Nano ,Nanopyxis, Hefei Vigon Material Technology.

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2024.

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