India nanosilver market trends, key innovations industry


Nanosilver market in India

According to the report released by Allied Market Research, the Indian nanosilver market was valued at $ 61.6 million in 2019 and is projected to reach $ 208.2 million by 2027, a CAGR of 21.3% from 2020 to 2027 tracks the top investment pockets, top winning strategies, drivers and opportunities, market size and estimates, competitive landscape, and evolving market trends.

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The increasing demand for nanosilver from various antimicrobial applications in the consumer industry and the rapid growth of the electronics and pharmaceutical sectors in the province are driving the growth of the Indian nanosilver market. On the other hand, increasing concerns about the environmental impact and toxicity of nanosilver products are slowing growth to some extent. However, the growing awareness and trend towards biological synthesis methods is expected to be beneficial for market growth.

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COVID-19 scenario

The outbreak of the pandemic resulted in declining demand for nanosilver in India due to closed production facilities, industrial activities and disrupted supply chain management.
The discontinued operations at the end with sectors such as appliances, electronics and others affected the market sales to some extent.
India is one of the nations hardest hit by the second wave of Covid-19. This has also presented the market with a number of challenges. However, as the nation has begun to recover and regulations are relaxed, the industry is expected to recover soon.

The Indian nanosilver market is analyzed by synthesis method and end user. Based on the synthetic method, the chemical reduction segment accounted for more than half of the total market share in 2019 and is expected to be ahead by 2027. The biological segment, on the other hand, would cite the fastest CAGR of 22.7% during the forecast period.

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After end users, the electrical and electronics segment had the largest share in 2019 with a market share of more than a quarter. The segment is expected to lead throughout the forecast period. However, the pharmaceutical segment would also name the fastest CAGR of 22.3% by the end of 2027.

Key market players analyzed in Indian Nanosilver market report include Merck KGaA, Mincometsal, Nanochemazone, Inc., Nanocomposix, Nano Labs, Nanoshel LLC, Reinste Nanoventures Pvt. Ltd, The main players in the Indian nanosilver market are American Elements, Filo Lifesciences Pvt. Ltd and Sisco Research Laboratories Pvt. GmbH.

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About us:
Allied Market Research (AMR) is a full-service market research and management consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research offers global companies as well as medium and small companies unsurpassed quality of “market research reports” and “business intelligence solutions”. AMR provides focused business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.

We have professional business relationships with various companies and this helps us unearth market data which will help us create accurate research data tables and confirm the highest accuracy of our market forecasts. All of the data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the domain in question. Our methodology for obtaining secondary data includes in-depth online and offline research and discussions with knowledgeable professionals and industry analysts.

This press release was published on openPR.

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