The worldwide silver powder and flakes market is expected to be driven by the expanding electronics sector. The need for silver powder and flakes is also predicted to expand as the adhesives and sealants sector grows.
Demand for silver flakes and powders market is expected to reach US$ 5 billion in 2022 and is projected to increase at a CAGR of 4.8% to US$ 8 billion by 2032. Due to the increasing demand for its applications, the market for silver flakes and powder is anticipated to rise quite rapidly.
Silver powder and flakes are used by converting it to conductive pastes and adhesives. The high conductivity of silver in the ink form maximize its performance. Silver powder and flakes is largely used in the electronics industry. These powders are also used in adhesives and sealants. The rise in these markets is expected to increase the demand for silver powder and flakes, thus helping the global silver powder and flakes market to grow.
In the global silver powder and flakes market, rise in demand for the hybrid silver coated materials will be seen in the near future. Also, the use of silver nanoparticles for antibacterial use will increase the demand for silver powder and flakes. This increase in the demand is anticipated to project a positive growth on the global silver powder and flakes market. Having said that, the global silver powder and flakes market is expected to witness double digit growth in the forecast period.
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Drivers and restraints
The growing electronics industry is projected to be a major driving factor for the global silver powder and flakes market. Also, the demand for silver powder and flakes is expected to increase due to the rise in the adhesives and sealants industry. It is anticipated that, during the forecast period there will be a shift of trend towards use of hybrid materials that will integrate the use of less conductive and less expensive silver powder and flakes.
The growing automotive industry is also anticipated to be a major driving factor for the global silver powder and flakes market. Though the silver powder and flakes market had been buffeted by rise in silver prices, there are opportunities for the key players who are able to provide customized high quality silver powder and flakes. Also, the shift of trend towards the use of silver nano powders and flakes is expected to be a major restraining factor for the global silver powder and flakes market.
Region - wise outlook:
Geographically, the global silver powder and flakes market can be broadly segmented on the basis of seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia – Pacific, Japan and Middle – East and Africa. North America is expected to be the fastest growing region in the global silver powder and flakes market. Asia pacific is also anticipated to emerge as a leading region in the global silver powder and flakes market. China is expected to witness fast growth in the global silver powder and flakes market.
Major key players:
Some of the key market players identified in the global silver powder and flakes market are:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
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Silver Powder And Flakes Market Segmentation
The global silver powder and flakes market is broadly segmented on the basis of product types as:
The global silver powder and flakes market is broadly segmented based on end use industry into:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
May 19, 2023
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