The market for silver flakes and powders is predicted to reach US$ 5 billion in 2022 and grow to US$ 8 billion in 2032 at a CAGR of 4.8%. The Silver Powder and Flakes Market is predicted to grow relatively quickly due to the rising demand for its applications.
By transforming silver flakes and powder into conductive pastes and adhesives, silver is employed. Because of its strong conductivity, silver ink performs well. Electronics manufacturers frequently employ silver flakes and powder. Additionally, these powders are utilized in sealants and adhesives. The expansion of these markets is anticipated to boost consumer demand for silver powder and flakes, contributing to the expansion of the worldwide silver powder and flakes market.
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:
- E. I. du Pont de Nemours and Company
- Johnson Matthey AgT
- Ferro Corporation
- Ames Goldsmith Corporation
- Mitsui mining & smelting Co.,ltd
- Metalor Technologies SA
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Key Segments Profiled in the Silver Powders and Flakes Industry Survey
Type:
- Silver Powders
- Silver Flakes
- Nano-powder & Flakes
- Others
Application:
- Photovoltaic
- Electronics and Electrical
- Silver Inks
- Automotive
- Adhesives
- Others
Region:
- North America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Latin America
- Middle East and Africa
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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. It discloses opportunities that will favor the market growth in various segments over the next 10-years.
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