Email
Print
Nanosilver Market Overview
The Nanosilver Market size is estimated to grow at a CAGR of 14.1% during the forecast period 2022-2027 and reach US$3.1 billion by 2027. Nanosilver is a nanomaterial that is composed of silver nanoparticles and it is used in a wide range of industries including healthcare, electrical & electronics, cosmetics & personal care, water treatment and other industries. The expansion of the nanosilver market is primarily driven by their usage in the cosmetic & personal care industry. In 2020, the surge in the COVID-19 pandemic negatively impacted cosmetic production activities, thus, temporarily affecting the growth of the nanosilver industry. However, a steady recovery in cosmetic production has been witnessed since 2021, which in turn, is driving the demand for nanosilver. According to the European Trade Association for the Cosmetics and Personal Care Industry, the total sales of the cosmetics and personal care industry in Europe were valued at EUR 80 billion (US$ 94.6) in 2021, an increase of 4.3% as compared to EUR 76.7 billion (US$ 87.6) in 2020, indicating an increase in demand and production from the sector.
Nanosilver
Market Report Coverage
The
"Nanosilver Market Report – Forecast (2022-2027)” by IndustryARC,
covers an in-depth analysis of the following segments in the Nanosilver Market.
Key Takeaways
- The biological method held a significant share of the Nanosilver Market in 2021. Its wide range of characteristics and higher biodegradability made it stand out in comparison to other types of synthesis methods in the market.
- Healthcare industry held a significant share of the Nanosilver Market in 2021. Nanosilver can be customized for targeted delivery of drugs and offers improved solubility, multi-functionality, improved bioavailability along with providing a controlled release of medication from a single dose. These properties make them ideal for use in the healthcare industry.
- Asia-Pacific dominated the Nanosilver Market in 2021, owing to the increasing demand for nanosilver from the healthcare sector in the region.
- A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Nanosilver Market Report.
Nanosilver Market Segment Analysis – by Synthesis Method
The biological
method held a significant Nanosilver Market share of over 25% in 2021,
owing to its
increasing demand due to the benefits it offers over other types of synthesis methods.
For instance, the biological method offers higher biodegradability and higher
biocompatibility as compared to physical and chemical synthesis methods. The
biological method includes simple, non-toxic, rapid, dependable and green
approaches that are capable of producing well-defined size and morphology of
nanosilver under optimized conditions. Moreover, the major advantage of the
biological method over other synthesis methods is the easy availability of
materials required during the synthesis of nanosilver. Furthermore, the
biological method is more economical and cost-effective and offers a reduced
time requirement, high stability, density along with ready solubility of
prepared silver nanoparticles in water. Hence, all of these benefits are
driving its demand over other types of synthesis methods, which in turn, is
expected to boost the market growth during the forecast period.
Nanosilver Market Segment Analysis – by End-use Industry
The healthcare
industry held a significant Nanosilver Market share of over 20% in 2021, owing to the increasing production of pharmaceuticals
and medical devices across the world. For instance, according to Vietnam’s
Ministry of Health, the pharmaceutical industry is expected to grow at a rate
of 10% per year from 2017 to 2028, owing to an increase in pharmaceutical
production and sales in the country. Recent insights from the Indian Economic
Survey 2021 state that the Indian domestic pharmaceutical industry is estimated
to grow threefold in the next decade. Moreover, according to the International
Trade Administration (ITA), the Mexican medical device market was valued at
US$16.80 billion in 2020, representing a significant increase of 10% in
comparison to US$15.27 billion in 2019. Furthermore, the medical device market
in Canada was valued at around US$8.6 billion in 2020.
Nanosilver Market Segment Analysis – by Geography
Asia-Pacific held a dominant Nanosilver Market share of around 34% in the year 2021. The consumption of nanosilver is particularly high in this region due to its increasing demand from the healthcare sector. According to the India Brand Equity Foundation (IBEF), in Union Budget 2022-2023, INR 86,200.65 crore (US$11.28 billion) was allocated to the Ministry of Health and Family Welfare (MoHFW) with the aim of improving the country’s healthcare sectors along with its facilities, products and services. It further states that India ranked 3rd in terms of pharmaceutical production by volume in 2021. The domestic pharmaceutical industry in India includes around 3,000 drug companies and approx. 10,500 manufacturing units. According to the General Statistics Office of Vietnam, the total pharmaceutical production in Vietnam was valued at US$3484.5 million in 2020, an increase of around 7% from US$3255.6 million in 2019. In addition to this, according to the Government of Japan Ministry of Health, Labor and Welfare (MHLW), the production of pharmaceuticals in Japan was valued at US$87.03 million in 2019, an increase of 39% as compared to the previous year.
Nanosilver Market Drivers
An increase in the production of cosmetic & personal care products
Nanosilver is primarily used as a preservative in cosmetics
& personal care products, owing to its anti-microbial, anti-fungal and anti-inflammatory
properties. The use of nanosilver in cosmetics & personal care products
helps in extending the product shelf life by preventing the growth of unwanted
microbes. According to the International
Trade Administration (ITA), South Korea accounts for one of the world's top ten
beauty industries, responsible for about 2.8% of global sales in 2019. The
industry was valued at US$ 9.4 billion in 2019, with total local cosmetic production
increasing by 4.9% in comparison to the previous year. Moreover, according to a
study published on Fashion Network, skin care and sun care products produced an
average annual growth of 5.6% in 2020. Hence, such surging production of cosmetics
and personal care products is expected to increase the demand for nanosilver,
owing to its excellent anti-microbial, anti-fungal and anti-inflammatory properties.
This is expected to accelerate the growth of the nanosilver market in the
upcoming years.
Growth of the water treatment industry
Nanosilver is
commonly used in the water treatment industry for the production of
filter media and water filtration membrane systems utilized in the industry for the removal of specific contaminants such as heavy metals and oily molecules along
with the removal of micro-pollutants, organic and inorganic matter. The excellent antimicrobial and filtration properties of nanosilver
make them ideal for use in the water treatment sector. In April 2021, Veolia Water
Technologies commenced the development of a new wastewater treatment plant in
Genoa, Italy. The operation of the new facility is scheduled to begin in 2023.
In January 2022, Kuwait’s Ministry of Public Works (MPW) announced the
development of its new wastewater treatment plant in the South of Al Mutlaa,
Kuwait. The development of the facility is scheduled to begin in the second of
quarter 2022 and be delivered by 2025. Furthermore, in December 2021,
operations on the development of a new wastewater treatment plant began in
Morocco. The facility is scheduled to become operational in 2023. The facility
will be able to treat 8 million cubic meters of wastewater per year. In this way, such new development of wastewater treatment
plants is expected to increase the demand for nanosilver required for the
production of filter media and membrane systems used in such facilities. This is anticipated to drive the growth of the market in the
upcoming years.
Nanosilver Market Challenge
Environmental concerns associated with the toxicity of nano products may confine the market growth
The use of nanoparticles is usually
linked with causing nano pollution. Nano pollution occurs from the byproducts
or waste that is generated during the manufacturing of nanomaterial. The
byproducts and waste generated during the production of nanomaterial can end up
in landfills and contaminate the air and water systems. The growth of nanotechnology
including nanosilver is considered to be a growing environmental concern as the
full-scale impact of nano pollution is yet to be determined. Moreover, the prolonged
exposure or inhalation of silver nanoparticles during their manufacturing
process may cause lung inflammation and heart problems. Thus, such
environmental and health concerns associated with the production of
nanomaterials may limit the growth of the nanosilver industry during the
forecast period.
Nanosilver Industry Outlook
Technology launches, acquisitions and increased R&D activities are
key strategies adopted by players in the Nanosilver
Market. The top companies in Nanosilver Market are:
- ABC Nanotech Co., Ltd.
- Advanced Nano Products Co. Ltd.
- Applied Nanotech Holdings Inc.
- Bayer Material Science
- Blue Nano Inc.
- Cima NanoTech Inc.
- Creative Technology Solutions Co. Ltd.
- Nano Silver Manufacturing Sdn Bhd
- Novacentrix Corp.
- RAS AG
Relevant Reports
Report Code: ESR
0048
Report Code: CMR
73800
Report Code: HCR 0300
For more Chemicals and Materials Market reports, please click here
Table1: Nanosilver Market Overview 2023-2030
Table2: Nanosilver Market Leader Analysis 2023-2030 (US$)
Table3: Nanosilver Market Product Analysis 2023-2030 (US$)
Table4: Nanosilver Market End User Analysis 2023-2030 (US$)
Table5: Nanosilver Market Patent Analysis 2013-2023* (US$)
Table6: Nanosilver Market Financial Analysis 2023-2030 (US$)
Table7: Nanosilver Market Driver Analysis 2023-2030 (US$)
Table8: Nanosilver Market Challenges Analysis 2023-2030 (US$)
Table9: Nanosilver Market Constraint Analysis 2023-2030 (US$)
Table10: Nanosilver Market Supplier Bargaining Power Analysis 2023-2030 (US$)
Table11: Nanosilver Market Buyer Bargaining Power Analysis 2023-2030 (US$)
Table12: Nanosilver Market Threat of Substitutes Analysis 2023-2030 (US$)
Table13: Nanosilver Market Threat of New Entrants Analysis 2023-2030 (US$)
Table14: Nanosilver Market Degree of Competition Analysis 2023-2030 (US$)
Table15: Nanosilver Market Value Chain Analysis 2023-2030 (US$)
Table16: Nanosilver Market Pricing Analysis 2023-2030 (US$)
Table17: Nanosilver Market Opportunities Analysis 2023-2030 (US$)
Table18: Nanosilver Market Product Life Cycle Analysis 2023-2030 (US$)
Table19: Nanosilver Market Supplier Analysis 2023-2030 (US$)
Table20: Nanosilver Market Distributor Analysis 2023-2030 (US$)
Table21: Nanosilver Market Trend Analysis 2023-2030 (US$)
Table22: Nanosilver Market Size 2023 (US$)
Table23: Nanosilver Market Forecast Analysis 2023-2030 (US$)
Table24: Nanosilver Market Sales Forecast Analysis 2023-2030 (Units)
Table25: Top Companies 2023 (US$)Nanosilver Market, Revenue & Volume
Table26: Product Launch 2023-2030Nanosilver Market, Revenue & Volume
Table27: Mergers & Acquistions 2023-2030Nanosilver Market, Revenue & Volume
List of Figures:
Figure 1: Overview of Nanosilver Market 2023-2030
Figure 2: Market Share Analysis for Nanosilver Market 2023 (US$)
Figure 3: Product Comparison in Nanosilver Market 2023-2030 (US$)
Figure 4: End User Profile for Nanosilver Market 2023-2030 (US$)
Figure 5: Patent Application and Grant in Nanosilver Market 2013-2023* (US$)
Figure 6: Top 5 Companies Financial Analysis in Nanosilver Market 2023-2030 (US$)
Figure 7: Market Entry Strategy in Nanosilver Market 2023-2030
Figure 8: Ecosystem Analysis in Nanosilver Market 2023
Figure 9: Average Selling Price in Nanosilver Market 2023-2030
Figure 10: Top Opportunites in Nanosilver Market 2023-2030
Figure 11: Market Life Cycle Analysis in Nanosilver Market
Figure 12: Global Nanosilver Market - By Geography
Figure 13: Global Nanosilver Market Value & Volume, By Geography, 2023-2030 ($)
Figure 14: Global Nanosilver Market CAGR, By Geography, 2023-2030 (%)
Figure 15: North America Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 16: US Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 17: US GDP and Population, 2023-2030 ($)
Figure 18: US GDP – Composition of 2023, By Sector of Origin
Figure 19: US Export and Import Value & Volume, 2023-2030 ($)
Figure 20: Canada Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 21: Canada GDP and Population, 2023-2030 ($)
Figure 22: Canada GDP – Composition of 2023, By Sector of Origin
Figure 23: Canada Export and Import Value & Volume, 2023-2030 ($)
Figure 24: Mexico Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 25: Mexico GDP and Population, 2023-2030 ($)
Figure 26: Mexico GDP – Composition of 2023, By Sector of Origin
Figure 27: Mexico Export and Import Value & Volume, 2023-2030 ($)
Figure 28: South America Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 29: Brazil Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 30: Brazil GDP and Population, 2023-2030 ($)
Figure 31: Brazil GDP – Composition of 2023, By Sector of Origin
Figure 32: Brazil Export and Import Value & Volume, 2023-2030 ($)
Figure 33: Venezuela Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 34: Venezuela GDP and Population, 2023-2030 ($)
Figure 35: Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 36: Venezuela Export and Import Value & Volume, 2023-2030 ($)
Figure 37: Argentina Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 38: Argentina GDP and Population, 2023-2030 ($)
Figure 39: Argentina GDP – Composition of 2023, By Sector of Origin
Figure 40: Argentina Export and Import Value & Volume, 2023-2030 ($)
Figure 41: Ecuador Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 42: Ecuador GDP and Population, 2023-2030 ($)
Figure 43: Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 44: Ecuador Export and Import Value & Volume, 2023-2030 ($)
Figure 45: Peru Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 46: Peru GDP and Population, 2023-2030 ($)
Figure 47: Peru GDP – Composition of 2023, By Sector of Origin
Figure 48: Peru Export and Import Value & Volume, 2023-2030 ($)
Figure 49: Colombia Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 50: Colombia GDP and Population, 2023-2030 ($)
Figure 51: Colombia GDP – Composition of 2023, By Sector of Origin
Figure 52: Colombia Export and Import Value & Volume, 2023-2030 ($)
Figure 53: Costa Rica Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 54: Costa Rica GDP and Population, 2023-2030 ($)
Figure 55: Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 56: Costa Rica Export and Import Value & Volume, 2023-2030 ($)
Figure 57: Europe Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 58: U.K Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 59: U.K GDP and Population, 2023-2030 ($)
Figure 60: U.K GDP – Composition of 2023, By Sector of Origin
Figure 61: U.K Export and Import Value & Volume, 2023-2030 ($)
Figure 62: Germany Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 63: Germany GDP and Population, 2023-2030 ($)
Figure 64: Germany GDP – Composition of 2023, By Sector of Origin
Figure 65: Germany Export and Import Value & Volume, 2023-2030 ($)
Figure 66: Italy Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 67: Italy GDP and Population, 2023-2030 ($)
Figure 68: Italy GDP – Composition of 2023, By Sector of Origin
Figure 69: Italy Export and Import Value & Volume, 2023-2030 ($)
Figure 70: France Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 71: France GDP and Population, 2023-2030 ($)
Figure 72: France GDP – Composition of 2023, By Sector of Origin
Figure 73: France Export and Import Value & Volume, 2023-2030 ($)
Figure 74: Netherlands Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 75: Netherlands GDP and Population, 2023-2030 ($)
Figure 76: Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 77: Netherlands Export and Import Value & Volume, 2023-2030 ($)
Figure 78: Belgium Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 79: Belgium GDP and Population, 2023-2030 ($)
Figure 80: Belgium GDP – Composition of 2023, By Sector of Origin
Figure 81: Belgium Export and Import Value & Volume, 2023-2030 ($)
Figure 82: Spain Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 83: Spain GDP and Population, 2023-2030 ($)
Figure 84: Spain GDP – Composition of 2023, By Sector of Origin
Figure 85: Spain Export and Import Value & Volume, 2023-2030 ($)
Figure 86: Denmark Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 87: Denmark GDP and Population, 2023-2030 ($)
Figure 88: Denmark GDP – Composition of 2023, By Sector of Origin
Figure 89: Denmark Export and Import Value & Volume, 2023-2030 ($)
Figure 90: APAC Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 91: China Nanosilver Market Value & Volume, 2023-2030
Figure 92: China GDP and Population, 2023-2030 ($)
Figure 93: China GDP – Composition of 2023, By Sector of Origin
Figure 94: China Export and Import Value & Volume, 2023-2030 ($)Nanosilver Market China Export and Import Value & Volume, 2023-2030 ($)
Figure 95: Australia Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 96: Australia GDP and Population, 2023-2030 ($)
Figure 97: Australia GDP – Composition of 2023, By Sector of Origin
Figure 98: Australia Export and Import Value & Volume, 2023-2030 ($)
Figure 99: South Korea Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 100: South Korea GDP and Population, 2023-2030 ($)
Figure 101: South Korea GDP – Composition of 2023, By Sector of Origin
Figure 102: South Korea Export and Import Value & Volume, 2023-2030 ($)
Figure 103: India Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 104: India GDP and Population, 2023-2030 ($)
Figure 105: India GDP – Composition of 2023, By Sector of Origin
Figure 106: India Export and Import Value & Volume, 2023-2030 ($)
Figure 107: Taiwan Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 108: Taiwan GDP and Population, 2023-2030 ($)
Figure 109: Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 110: Taiwan Export and Import Value & Volume, 2023-2030 ($)
Figure 111: Malaysia Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 112: Malaysia GDP and Population, 2023-2030 ($)
Figure 113: Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 114: Malaysia Export and Import Value & Volume, 2023-2030 ($)
Figure 115: Hong Kong Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 116: Hong Kong GDP and Population, 2023-2030 ($)
Figure 117: Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 118: Hong Kong Export and Import Value & Volume, 2023-2030 ($)
Figure 119: Middle East & Africa Nanosilver Market Middle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 120: Russia Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 121: Russia GDP and Population, 2023-2030 ($)
Figure 122: Russia GDP – Composition of 2023, By Sector of Origin
Figure 123: Russia Export and Import Value & Volume, 2023-2030 ($)
Figure 124: Israel Nanosilver Market Value & Volume, 2023-2030 ($)
Figure 125: Israel GDP and Population, 2023-2030 ($)
Figure 126: Israel GDP – Composition of 2023, By Sector of Origin
Figure 127: Israel Export and Import Value & Volume, 2023-2030 ($)
Figure 128: Entropy Share, By Strategies, 2023-2030* (%)Nanosilver Market
Figure 129: Developments, 2023-2030*Nanosilver Market
Figure 130: Company 1 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 131: Company 1 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 132: Company 1 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 133: Company 2 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 134: Company 2 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 135: Company 2 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 136: Company 3 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 137: Company 3 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 138: Company 3 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 139: Company 4 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 140: Company 4 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 141: Company 4 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 142: Company 5 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 143: Company 5 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 144: Company 5 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 145: Company 6 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 146: Company 6 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 147: Company 6 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 148: Company 7 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 149: Company 7 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 150: Company 7 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 151: Company 8 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 152: Company 8 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 153: Company 8 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 154: Company 9 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 155: Company 9 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 156: Company 9 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 157: Company 10 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 158: Company 10 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 159: Company 10 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 160: Company 11 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 161: Company 11 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 162: Company 11 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 163: Company 12 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 164: Company 12 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 165: Company 12 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 166: Company 13 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 167: Company 13 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 168: Company 13 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 169: Company 14 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 170: Company 14 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 171: Company 14 Nanosilver Market Net Sales Share, By Geography, 2023 (%)
Figure 172: Company 15 Nanosilver Market Net Revenue, By Years, 2023-2030* ($)
Figure 173: Company 15 Nanosilver Market Net Revenue Share, By Business segments, 2023 (%)
Figure 174: Company 15 Nanosilver Market Net Sales Share, By Geography, 2023 (%)