Silver Nanoparticles Market Expected To Reach USD 2.54 Billion By 2022: Grand View Research, Inc.

Global silver nanoparticles market is expected to reach USD 2.45 billion by 2022, according to a new study by Grand View Research, Inc. Rising demand for antimicrobial materials in healthcare applications is expected to drive silver nanoparticles market over the forecast period. Development of high-end electronics coupled with growing demand for gadgets is expected to promote silver nanoparticle market growth over the next seven years.

Healthcare was the largest application segment, accounting for over 30% of global silver nanoparticles market revenue in 2014. Growth of the healthcare market on account of growing consumer awareness regarding general well-being, increasing geriatric population and rise in disposable income is expected to augment silver nanoparticles market. Increasing demand for antimicrobial textiles on account of rising consumer awareness regarding hygiene is anticipated to stimulate market growth.

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