June 28, 2021 23:30 ET | Source: United Market Research United Market Research
Portland, Oregon, June 28, 2021 (Global News Service)-According to a report released by the United Market Research Corporation, the Indian nanosilver market was estimated at US$61.6 million in 2019 and is expected to reach 208.2 million by 2027 USD, the compound annual growth rate is 21.3% from 2020 to 2027. The report analyzes in detail the top investment areas, top winning strategies, driving factors and opportunities, market size and estimates, competitive landscape, and changing market trends.
The increasing demand for nano-silver for various antimicrobial applications in the end-use industry and the rapid growth of the province’s electronics and pharmaceutical industries have promoted the growth of the Indian nano-silver market. On the other hand, increasing concerns about environmental impact and toxicity have hindered the growth of nano-silver products to a certain extent. However, the growing awareness and trend of biosynthetic methods are expected to benefit market growth.
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The Indian nano silver market is analyzed by synthesis methods and end users. According to the synthesis method, the chemical reduction market segment accounted for more than half of the total market share in 2019 and is expected to dominate by 2027. On the other hand, the biological market segment will quote the fastest compound annual growth rate of 22.7% during the forecast period.
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From the perspective of end users, the electrical and electronic sectors accounted for a major share in 2019, accounting for more than a quarter of the market. This market segment is expected to lead the entire forecast period. However, by the end of 2027, the compound annual growth rate of the pharmaceutical sector will also reach the fastest 22.3%.
The main market players analyzed in the India Nano Silver Market report include Merck KGaA, Mincometsal, Nanochemazone, Inc., Nanocomposix, Nano Labs, Nanoshel LLC, Reinste Nanoventures Pvt. Ltd. The main players operating in the Indian nano silver market are American Elements and Filo Lifesciences Pvt. Pvt. Ltd. and Sisco Research Laboratories. Limited company
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