June 13, 2024
Silver Nanowires Market

The Global Silver Nanowires Market Is Estimated To Propelled By Enhanced Optical Properties

Silver nanowires find usage in transparent conductive films and coatings due to their enhanced optical properties. They help in lowering the sheet resistance without affecting the optical transmittance when used in optoelectronic devices. Silver nanowires have high electrical conductivity and strong transmission of light and can be easily integrated into flexible substrates.

The Global Silver Nanowires Market Size is estimated to be valued at US$ 170.57 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Silver nanowires have emerged as a promising alternative to indium tin oxide (ITO) for applications such as touch panels, liquid crystal displays, organic light-emitting diodes and solar panels due to their ability to maintain high optical transmittance even at large surface areas. Their high electrical conductivity and flexibility enables the manufacturing of bendable, lightweight and unbreakable electronic devices. They allow electronics to be integrated easily into fabrics, plastics and other flexible surfaces that were previously not possible with rigid materials such as ITO. The enhanced optical and electrical properties of silver nanowires is expected to drive their increasing demand over the forecast period.

SWOT Analysis

Strength: Silver nanowires have high electrical conductivity and can self-assemble into transparent conductive networks. They have high mechanical flexibility and stability under harsh environmental conditions.

Weakness: The manufacturing of silver nanowires requires complicated synthesis processes and the use of toxic chemicals which increases production costs. Significant R&D investments are required to scale up production.

Opportunity: Growing demand for transparent conductive materials from various end-use industries like touchscreens, OLED lighting, smart windows etc provides major opportunities. Advancements in green synthesis methods can further reduce costs.

Threats: Stiffer competition from alternative transparent conductive materials like graphene, carbon nanotubes and metal nanomesh poses threats. Stringent regulations to control the use of toxic chemicals for nanowire synthesis can also negatively impact growth.

Key Takeaways

The global silver nanowires market is expected to witness high growth over the forecast period. The market was valued at US$ 170.57 Bn in 2024 and is projected to reach US$ 328.90 Bn by 2031, expanding at a CAGR of 5.8% during the forecast period.

Regional analysis: Asia Pacific dominates the global market currently, accounting for over 35% of the total share due to large electronic manufacturing industries in countries like China, Taiwan and South Korea. North America is another major region driven by extensive R&D and adoption of advanced technologies in the US and Canada.

Key players: Key players operating in the silver nanowires market are Quantum Profile Systems Ltd., Amstep Products, Novaproducts Global, Optimum Technologies, Inc., Tarkett S.A., MEISHUO Building Materials Co. Ltd., Kinesik Engineered Products, Spectrum Floors, C.A.T. LTD. and Litokol. These companies are focusing on new product development and partnerships to strengthen their market position.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it