According to the new market research report by IndustryARC titled “ [FURL=https://www.industryarc.com/PressRelease/361/Silver-Nanowires-Market-Research-Analysis.html]Silver Nanowires Market[/FURL] : By Ingredients (Silver, Silver-Copper, Others); By Product (Under 30 nm, 3050 nm, 5070 nm, 7080 nm, Others); By Preparation Method (Template, Liquid Polyol, Self-assembly, Ultrasonic Reduction, Wet Chemical); By Application (Solar Cells, Displays, Sensors, PCBs, Magnetic Devices, Nano-Generators, Others); By Geography - Forecast (2018-2023)”, the market is driven by the growth of flexible electronics applications, automotive, medical industries etc. Americas is expected to dominate the Silver Nanowire Market during the forecast period. It will reach revenue of $199.37 million by 2023 at a CAGR of 5.97%. American manufacturers have been investing a lot in silver nanowires to improve the performance of the existing systems and to develop new applications. In the US, R&D is focusing on miniature sensors, high-speed processing, improved virtual reality training, and unmanned combat aerial vehicles. The US is the major market for silver nanowires in North America, followed by Canada and Mexico. In Europe, Germany, Russia, and the UK are the key regions.
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The Displays segment in 2017 had reached a value of $158.51 million. It is expected to reach $229.96 million by 2023 at a CAGR of 5.46%. This sector will dominate the Silver Nanowire Market during the forecast period. Smartphones, cash dispensers, and touchscreens need transparent electrodes to recognize finger pressure. The glass surfaces of these devices have nanowires, which have great potential as transparent electrodes in the display. Silver nanowires are used as charge carriers in OLEDs, which results in higher power efficiency. AgNWs are used in touch screen applications as they give a faster response and due to their weightlessness. ITO panels that are used in touchscreen panels are replaced by AgNWs.
Key players of the Silver Nanowire Market:
Cambrios Technologies Corp., Novarials Corporation, Hitachi Chemical Company, and American Elements are the key players which enhance the growth of the Silver Nanowire Market during the forecast period. Cambrios Technologies Corp manufactures ClearOhm Silver Nanowire Coating Material that is used to make transparent conducting layers on different substrates to enable applications such as touch screens and liquid crystal displays. Novarials Corporation produces silver nanowires that can be used to make high optical quality transparent conductive layers. Hitachi Chemical Co.Ltd and C3Nano have partnered to develop transparent conducting transfer films using the silver nanowire-based solutions from C3Nano. American Elements is involved in business segments such as Nanotechnology, green technology, rare earth, fuel cells, and alternative energy materials.
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