Silver Nanowires Market Will Surge to Reach USD 1,300 Million by 2026
According to the report, The global silver nanowires market in 2019 was approximately USD 550 Million. The market is expected to grow above a CAGR of nearly 15% and is anticipated to reach over USD 1,300 Million by 2026.
Nanowires are structures that have diameters in the order of a nanometer. There are various types of nanowires present in the market such as superconducting nanowires, insulating nanowires, metallic nanowires, semiconducting nanowires, silicon nanowires, etc. Silver nanowires are a type of silver nanostructures which have a diameter ranging from 15 to 200 nanometer. Silver nanowires are around 10 to 100 nanometer long. Silver nanowires are produced using various methods such as the polyol method, rapid synthesis, template method, electroless deposition, etc. Silver nanowires are used for applications such as optical, conductive, antibacterial, etc.
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The silver nanowires exhibits electrical, optical, and thermal properties. The silver nanowires is immensely used in the electronics and electrical industry for transparent conducting film and electrodes. The silver nanowires can be produced using various techniques including the polyol method, rapid synthesis, template method, and electroless deposition. The growing optical industry across the globe is likely to drive the demand for silver nanowires over the forthcoming years.
The silver nanowires market is segmented based on type, application, and region. On the basis of type, the market is classified into under 30 nm, 30-50 nm, 50-70 nm, 70-80 nm, and others. On the basis of application, the market is classified into TSP, solar cells, OLED lighting, and others.
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Some of the essential players operating in the silver nanowires market, but not restricted to include Hua-Jie (Taiwan) Corp., NanoTech Labs Inc., Hefei Vigon Material Technology, Americal Elements’, Material Technologies Inc., Showa Denko K.K, C3Nano, Nanopyxis, RAS AG Corporation, and others.
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