Silver Nanowires Market By Application (Anti-microbial, Conductive Silver Adhesive, Display Technology, Magnetic Devices, Nano Generators, Nano Welding, OLED Lighting, Printed Circuit Board, Sensors, Solar Cell and PV Panels, Transparent Conductive Film, Others) By Method of Fabrication (Air-Spraying Coating Method, Liquid Polyol Method, Self-Assembly Method, Template Method, Ultrasonic Reduction Method, Vacuum filtration Method, Other): Growth, Trends, Covid-19 Impact and Forecast 2015 - 2027

The Silver Nanowires market revenue was valued at USD 304 million in 2020 despite a sharp downturn amid COVID 19 pandemic. However, whopping demand for silver nanowires is targeted to take the market to the new height of USD 1,754 million, growing at a lucrative CAGR of over 18 toward the end of 2027.

Silver nanowires are nanostructures with a 10-9 m diameter, with aspect ratios of over 1000. Silver nanowires have unique thermal, elastic, electric, and optical properties. Silver nanowires are used to manufacture touch screen displays, sensors, solar cells, OLED lighting, bio-medical products, and printed circuit board.

Silver Nanowires to Revolutionize the Touchscreen Conductive Oxides to be Used in Touchscreen Displays

The increasing production of touchscreen displays and sensors coupled with the emergence of touch LED displays are projected to boost the market during the forecast period. When combined with graphene, silver nanowires offer an economical alternative for the indium tin oxide to be used in touchscreen display technology. As a result, newly developed hybrid materials from silver nanowires and graphene are poised to hold a rising share of transparent conductive technology. Innovative silver nanowires based transparent conductive oxide is prepared by Dycotec Materials, which is extends cost benefits alongside durability and an efficient substitute for the traditionally used transparent conductive oxides. Such transparent conductive compounds are expected to drive the demand for silver nanowires in tandem with the touchscreen displays industry.

Inability to Withstand Environment with Exposure to Highly Potential UV Light

Despite the numerous benefits offered by the silver nanowires in multiple applications, the market growth is likely to be halted by factors such as the lack of ability of silver nanowires to withstand expiate to potentially energetic UV light. Moreover, inadequate infrastructure and the requirement of huge initial investment around the world for the mass production of such materials are holding back the growth of the silver nanowires market.

Impact of COVID 19

COVID 19 has affected the global Silver Nanowires industry significantly. As the COVID 19 restrictions affected the functioning of the end-use industries, the demand for silver nanowires decreased by nearly 20.1%. In addition, lower demand for end-use industries also affected the sales of silver nanowires machines. However, as the economies recover, the demand for electronic devices and other end-use products related to silver nanowires is improving significantly. As a result, the global silver nanowires market is anticipated to attain its pre-COVID levels soon.

Asia-Pacific to Advance at an Attractive CAGR

The Asia Pacific is leading the manufacturing of touchscreen displays, transparent conductive oxides, and silver nanowires. Most of the manufacturers have production facilities in the region. The Asia Pacific is leading the export of silver nanowires while Europe, the Americas, and the Middle East are leading the import of silver nanowires. Hefei Vigon Material Technology is one of the region's significant manufacturers of silver nanowires. 

Broad Spectrum of Application Markets for Silver Nanowires    

Silver nanowires have high conductivity and flexibility, are lighter in weight, and provide fast response times. Most electronic devices such as laptops, tablets, watches, self-service kiosks, smartphones, advertisement boards, automotive displays, and smart televisions, among others, have touch screen displays. With televisions and other electronic devices moving toward rugged and flexible formats, the requirement for cost-effective materials like silver nanowires increases significantly. Billions of touch screens are manufactured annually worldwide, and silver nanowires make them one of their crucial components.

Solar Films to Key Revenue Stem for Silver Nanowires in Future 

Silver nanowires are ideal for the fabrication of cost-effective organic, flexible organic solar films/cells due to their conductivity, transparency, solution processing, and flexibility, among other properties. Silicon nanowire arrays in solar cells are having one of its kind 3-D geometry and in harvesting solar energy. According to International Energy Agency, the global solar installation was around 107 Giga Watt in 2020. China, the U.S., Europe, and India are the major countries with huge solar installations. As many countries are moving away from subsidies given to solar installations, the demand for cheaper solar films/cells is anticipated to increase significantly.

Excelling in Fabrication is a Key to Success for Silver Nanowires Manufacturers  

There are multiple ways of manufacturing silver nanowires, and some of the most prominent fabrication processes include the polyol method, template method, rapid synthesis, electroless deposition, etc. However, liquid polyol is the most commonly used method for manufacturing silver nanowires. Liquid polyol facilitates a low-cost production process that can be easily calibrated to achieve industrial-scale production of silver nanowires.