Silver Nanowires Market Segment Contributing Large Share



https://www.coherentmarketinsights.com/industry-reports/silver-nanowires-market
Silver Nanowires Market 

Market Overview

Silver nanowires are nanoscale-length fibers made of silver. They have high electrical conductivity and can be applied as transparent conductive electrodes in various applications like touchscreens, OLED, and LCD displays. Silver nanowires form a percolated flexible network that enables high transparency while maintaining excellent electrical conductivity.

Market key trends

One of the major trends in the silver nanowires market is its increasing use in touchscreen applications. Touchscreens have become ubiquitous owing to the growth of smartphones and other consumer electronics. Silver nanowires provide the essential combination of high conductivity, flexibility, stretchability and optical transparency needed for next generation touchscreens. They are replacing conventional ITO as the transparent electrode in touchscreens. Further, ongoing research worldwide to develop even higher-performing and cheaper silver nanowires is expected to boost their demand over the forecast period.

The global Silver Nanowires Market Demand is estimated to be valued at US$ 148.1 Million in 2023 and is expected to exhibit a CAGR of 34.6% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis

The global silver nanowires market can be segmented based on type, application and region. Based on type, the silver nanowires market is divided into 70 nm silver nanowires, 120 nm silver nanowires and other silver nanowires. Among these, 70 nm silver nanowires dominate the market owing to their ability to transmit more light and electricity compared to their thicker counterparts.

Key Takeaways

The global silver nanowires market is expected to witness high growth, exhibiting CAGR of 34.6% over the forecast period of 2023 - 2030, due to increasing demand from touchscreens and transparent conductors industries.

Regional analysis
The US dominates the global silver nanowires market, accounting for over 35% of global share in 2023 due to massive technological advancements and high adoption of touch screens in the region. Asia Pacific is expected to grow at the fastest rate during the forecast period owing to expansion of touch panel production facilities in countries like China, Taiwan and South Korea.

Key players
Key players operating in the silver nanowires market are Cambrios, Blue Nano, C3Nano, Nanopyxis, Hefei Vigon Material Technology, Gu’s New Material, ACS Material, Zhejiang Kechuang Advanced Materials and BASF. Major players are focusing on new product launches and partnerships with touch panel manufacturers for business expansion.


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