Dublin, Dec. 05, 2024 (GLOBE NEWSWIRE) -- The "Silver Salt Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. Asia-Pacific was the largest region in the silver salt market in 2023. North America is expected to be the fastest-growing region in the forecast period.
The silver salt market size has grown strongly in recent years. It will grow from $1.02 billion in 2023 to $1.1 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. During the historic period, growth was driven by heightened demand from the electronics industry, expansion in the medical and healthcare sectors, growing environmental awareness, regulatory advancements, and changes in environmental and safety regulations. 
The silver salt market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 9%. The forecasted growth can be attributed to the rising demand for medical applications, heightened concerns regarding antimicrobial resistance, increased adoption of cloud seeding techniques, and expanded utilization in catalytic processes.
Key trends expected in the forecast period include technological innovations and advancements, particularly in photography and related fields, as well as increased collaborations and partnerships within the industry.
The growth of the silver salt market is expected to be driven by the expanding electronics industry. For instance, UK electronics manufacturers saw a 30% increase in sales revenue in 2021 compared to 2020, outperforming the sector's average growth of 24%, as reported in November 2021.
Leading companies in the silver salt market are focusing on developing advanced conductive inks tailored for printed electronics, flexible electronics, and other high-tech applications. For example, in March 2023, DuPont MCM introduced a next-generation silver/silver chloride (Ag/AgCl) conductive ink designed for printed electronics. This innovative ink, incorporating stable n-type polymeric components developed by researchers at Linkoping University, enables the creation of lightweight and flexible electronic components, marking significant progress in the field of printed electronics.
In January 2023, HeiQ, a Swiss chemical manufacturer, acquired Tarn-Pure to bolster its position as a leading supplier of regulatory-compliant elemental copper and silver for industrial hygiene applications. Tarn-Pure, based in the UK, specializes in the production of silver salts for various industrial uses.
Research Scope
Markets Covered:
1) By Type: Silver Chloride; Silver Bromide; Silver Iodide; Silver Fluoride; Silver Nitrate; Other Types
2) By Form: Powder; Liquid; Granular; Other Forms
3) By Application: Photographic Film and Paper; Chemical Manufacturing; Medical and Medical Devices; Other Applications
Key Companies Mentioned: Heraeus Holding GmbH; Johnson Matthey plc; American Elements; ALFA AESAR; Texchem Industries
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024-2028 |
| Estimated Market Value (USD) in 2024 | $1.1 Billion |
| Forecasted Market Value (USD) by 2028 | $1.56 Billion |
| Compound Annual Growth Rate | 9% |
| Regions Covered | Global |
Companies Profiled in the Report
- Heraeus Holding GmbH
- Johnson Matthey PLC
- American Elements
- ALFA AESAR
- Texchem Industries
- Metalor Technologies
- INDIAN PLATINUM PVT. LTD.
- Ames Goldsmith Corp
- ALPHA CHEMIKA
- Strem Chemicals Inc.
- Celtic Chemicals Ltd.
- ProChem Inc.
- Innova Corporate India
- ABCR GmbH
- Yogi Dye Chem Industries
- Haihang Industry (Jinan) Co. Ltd
- Micron Platers
- Maitry Enterprise
- Fine Chemicals and Scientific Co.
- Infinium Pharmachem Pvt. Ltd.
- RXChemicals
- Pfaltz & Bauer
- Reade Advanced Materials
- Yogi Dye Chem Industries
For more information about this report visit https://www.researchandmarkets.com/r/vk8xpi
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