Transparency Market Research (TMR) has announced the addition of a new report, titled “Nanosilver Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”. According to the report, the global nanosilver market is projected to expand at a CAGR of 15.4% during the forecast period from 2014 to 2020. In 2013, the global nanosilver market was worth US$0.6 bn and by 2020, the market is expected to be worth US$1.8 bn.

The global nanosilver market is driven by the rapidly expanding consumer electronics industry. In addition to this, the global nanosilver market will also benefit from the growing demand for antimicrobial coatings in several sectors. Nevertheless, the global nanosilver market will be challenged by the rising concerns of regulatory bodies regarding the harmful effects of nanosilver to human health and environment.

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On the basis of end use, the global nanosilver market is divided into water treatment, textiles, food and beverages, healthcare, electrical and electronics, and others such as pesticides, detergents, and plastics. In terms of end use, the electrical and electronics segment led the global nanosilver market in 2013 with a 37% share in the total demand in terms of volume. This segment benefits from the growing number of electronics that are made using nanosilver. Some of these electronics are washing machines, water purifiers, air purifiers, hair dryers, and refrigerators.

The second largest end-use industry in the global nanosilver market is healthcare. The rising use of nanosilver in the healthcare industry can be attributed to the excellent antibacterial property of nanosilver. Furthermore, the industry is less price-sensitive, which helps the demand for nanosilver in healthcare. Due to the biomedical properties of nanosilver, it is being researched to treat conditions such as cancer. Researchers are using nanosilver to analyze its bioactivity, to figure out the extent of its possible medical applications. The growing healthcare-oriented research and development on nanosilver will further propel the global nanosilver industry.

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Other end-use sectors such as detergents, personal care, construction, and ATM machines are projected to demonstrate significant growth in the coming few years in the global nanosilver market. Some of the emerging applications of nanosilver in the textile industry are bedding, socks, and hospital gowns.

Geography-wise, the global nanosilver market is divided into Asia Pacific, Europe, North America, and Rest of the World (RoW). In 2013, North America dominated the global nanosilver market by volume and revenue. Volume-wise, this regional market held more than 41% of the global nanosilver market in 2013. Growing demand in the U.S. for nanosilver-based products is projected to boost the nanosilver market in North America.

Volume-wise, Asia Pacific is expected to exhibit the fastest growth in the global nanosilver market, with a CAGR of 13% expected during the forecasting horizon. The Asia Pacific nanosilver market benefits from the rising number of manufacturing units in this region. In Europe, the demand for nanosilver is high in sectors such as personal care, water treatments, and detergents.

The global nanosilver market is fragmented in nature and marked by the presence of several large and small players. Some of the key players operating in the global nanosilver market are Applied Nanotech Holdings, SILVIX, Bayer Material Science, Creative Technology Solutions, Advanced Nano Products, NovaCentrix, and Nano Silver Manufacturing.

Key Segments of the Global Nanosilver Market

Nanosilver Market - End-use Industries Analysis
Electrical & electronics
Healthcare
Food & beverages
Textile
Water treatment
Others (Including pesticides, plastics, detergents, etc.)
Nanosilver Market - Regional Analysis
North America
Europe
Asia Pacific
Rest of the World

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