The global silver nanoparticles market was valued at $2.08 billion in 2020, and is projected to reach $4.1 billion by 2027, growing at a CAGR of ~17% from 2020 to 2027.

Silver nanoparticles are one of the most commonly used nanomaterials because of their high electrical conductivity, optical properties, and anti-microbial properties. The biological activity of silver nanoparticles depends on factors such as particle composition, size distribution, surface chemistry, size; shape, coating/capping, particle morphology, dissolution rate, agglomeration, efficiency of ion release, and particle reactivity in solution.

Factors contributing toward silver nanoparticles market growth include rise in demand for silver nanoparticles for anti-microbial applications and increase in demand from electronics sector. The bactericidal activity of silver nanoparticles is due to the silver cations, which have the potential to disrupt physiological activity of microbes such as bacteria. Growth in concerns regarding environmental impact and toxicity of silver nanoparticles is hindering the silver nanoparticles market. On the contrary, rise in trend of biological synthesis method is expected to create lucrative opportunities for the market during the forecast period.

The silver nanoparticles market is segmented on the basis of synthesis method, shape, application, and region. Based on synthesis method, the market is divided into wet chemistry, ion implantation, and biological synthesis. On the basis of shape, the silver nanoparticles market is categorized into spheres, platelets, rods, colloidal silver particles, and others. Based on the application, the market is divided into healthcare life science, textile, electronics IT, food beverages, pharmaceuticals, cosmetics, water treatment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The silver nanoparticles market share is analyzed across all segments and regions.

The market analysis covers in-depth information of the major industry participants. Some of the major players in the silver nanoparticles market include Advanced Nano Products (ANP), American Elements, Ames Goldsmith Corporation, Cerion LLC, Dune silver, MERCK KGAA, Meliorum Technologies, Inc., M K Impex Corp., Nanocomposix, Nanocs Inc., Nanogap Sub-nm-powder, S.a., Nanografi Co. Inc., Nanopure Technologies, Nanoshel LLC, Novacentrix, Pen Inc., Prime Nanotechnology Co., Ltd., Strem Chemicals, Inc., Tecnan, Thermo Fisher Scientific, and U.S. Research Nanomaterials Inc. Other players in the value chain of the silver nanoparticles market include Emfutur Technologies, Bayer, BASF, BBI Solutions, Sukgyung AT Co., Ltd., QuantumSphere, Inc., KCIL-NanoXpert Technologies, Microspheres-Nanospheres, and others.

The key players are adopting numerous strategies such as product launch, business expansion, acquisition, partnership, collaboration, joint venture, and agreement to stay competitive in the silver nanoparticles market.

For instance, NanoComposix signed an agreement with Amplicon Biotech to extend product distribution to consumers across India. Amplicon Biotech is a manufacturer that provides research, pharmaceutical, and diagnostic centers across India with life science reagents supplies,technical, and instrumentation support.

Silver Nanoparticles Market, by Synthesis Method

By synthesis method, the biological synthesis segment is expected to grow at the fastest growth rate during the forecast period. This is attributed to increase in awareness toward environmental pollution caused by chemical synthesis methods. This has resulted in the development and adoption of environment-friendly materials in the silver nanoparticles production, which in turn drives the growth of the market globally.

Silver Nanoparticles Market, by Shape

By shape, the colloidal silver particle is anticipated to grow at the fastest growth rate during the projection period. It is expected to grow at a growth rate of 16.5% during the forecast period, in terms of revenue. Growth in awareness of silver colloidal particles regarding nutritional benefits is one of the factors driving the market. It has been gaining momentum across the food and pharmaceutical industries. In recent times, new paths have opened up across the nutraceuticals segment.

Silver Nanoparticles Market, by Application

By application, the pharmaceutical segment is expected to grow at the fastest growth rate during the forecast period, in terms of volume and revenue. This is attributed to rise in demand for silver nanoparticles in application such as disinfectants. This is owing to its ability to kill various bacteria and viruses.

Silver Nanoparticles Market, by Region

Region wise, Asia-Pacific is expected to be the fastest growing region in terms of volume as well as revenue. This is attributed to factors such as rise in health care, electronics, and pharmaceutical sector in developing countries such as India, China, and others.

Impact Of Covid-19 On The Silver Nanoparticles Market

The outbreak of COVID-19 has affected the demand as well as the manufacturing in supply regions.

The outbreak of the COVID-19 in China disturbed numerous industries such as electronics, textile, and others, in starting months of 2020 which disturbed the demand for silver nanoparticles.

The COVID-19 crisis has affected the chemical industry supply chain to a major extent; thus, having a major impact on raw material procurement.

The Asia-Pacific is manufacturing hub for electronics and has presence of established textile sector, which was disturbed in starting quarters of 2020, owing to outbreak of COVID-19 which hindered demand for silver nanoparticles up to some extent.