The Colloidal Silver Market was valued at USD 596.23 million in 2022 and is anticipated to reach USD 1316.49 million by 2031, expanding at a CAGR of 9.2% during the forecast period between 2023 and 2031. Colloidal silver is very much useful in pharmaceuticals which can prove to be a great growth driver for this market in the forecast period.
In the region of Asia Pacific, people are coming back to traditional medicines and this can boost the colloidal silver market to a great extent. Colloidal silver has nutritional benefits which attracts many users towards it and also the users of personal skin care. This reason fuels the market growth of colloidal silver.
Introduction to Colloidal Silver:
Colloidal silver is a suspension of very fine silver particle in liquid. Silver is well-known for its antimicrobial properties which makes it very much useful in health care industries. It works very well against bacteria, viruses, and fungi and is also used in antimicrobial dressing as well as in packaging of food materials.
The limited evidence available shows that silver coatings on endotracheal breathing tubes reduces the incidence of ventilator-associated pneumonia. Silver can also be used in water purification in a colloidal state filtering water for its safe consumption. Electrically dissolved silver is used as an water disinfecting agent.
Market Trends, Drivers, Restraints, and Opportunities:
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In the application of antimicrobial therapy, silver dressing plays an important role which propels the colloidal silver market to a higher level in the forecast period.
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Increasing demand from end users for food packaging is anticipated to make the market of silver expand at a rapid pace in regional markets.
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Personal care industry is too focusing on the use of silver into their products as a result there is a anticipation of expansion of silver market at a very good rate.
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Being no scientific evidence of colloidal silver improving health and benefiting in pharmaceuticals there is certain legislations on its use which can restrain its market.
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Excessive use of silver can cause problems to skin by coloring it to bluish-gray color which can reduce its consumption in global market.
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Inclination of consumers towards nutritional products can become a very great opportunity for key players in the market to increase their range. Many people are opting towards traditional methods of treatment which opens the market of colloidal silver for many stakeholders to sustain in the market.
Scope of the Report
The report on the Colloidal Silver market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Colloidal Silver Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023–2031
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Segmentation
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Particle Size (5-10 nm, 11-20 nm, 21-50 nm, 51-100 nm, and 101-200 nm), Form (Liquid and Powder), End Use (Food & Beverages Industry, Pharmaceutical Industry, Cosmetics and Personal Care Industry, and Other Industries {Packaging, water treatment, textile industry etc})
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Sigma Aldrich (Merck KgaA), Source Naturals, Trace Minerals Research Ltd., Alfa Aesar, American Elements, Strem Chemicals Inc., Laboratorios Argenol, Nano Iron S.R.O, Nano Labs, Reinste Nano Venture Pvt. Ltd.
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Colloidal Silver Market Segment Insights
5-10 nm Segment to Expand at a Rapid Pace
Being the smallest size of colloidal silver, 5-10 nm size particles are more likely to expand at an substantial CAGR of 10.1% during the forecast period. These small paricles are very much effective in treating gastrointestinal infections, mainly diarrhea.
However, 21-50 nm paricle size segment is also anticipated to regain its market with a share of 22.1%. Its use in food packaging, textiles, cosmetics and personal care, and water treatment is expected to boost the market.
Powdered Colloidal Silver Dominates the Market
Powdered silver carries wide range of applications in electrical industries which shows the dominance by acquiring more than 50% of the market share in the forecast period. In solar cell technology, silver in powdered form is majorly used for the production of photovoltaic cells.
Powdered silver is used in the fabrication of conductive pastes for solar cell metallization. Very little amount of powdered colloidal silver is used as contacts in electrical switches and also in multilayer ceramic capacitors (MLCC).
Pharmaceuticals Segment is Anticipated to Acquire Major Share
Major application of colloidal silver is in health care, pharmaceutical, and food packaging segments. Amongst this, pharmaceuticals is anticipated to dominate the global market with a major share during the forecast period. Antimicrobial property of silver makes it a key player in pharmaceutical segment to expand at a rapid pace.
A concentration of 0.7 ppm silver is considered adequate to enhance the antimicrobial properties. For potentially curing various infections, silver has proved to be an effective agent. However, the textile industry is also projected to increase its range at an substantial CAGR of 10.1% during the forecast period.
Asia Pacific Region is Anticipated to Show the Major Rise
The trend of using traditional methods for health care and in treatment process is coming back by the use of colloidal silver in the region of Asia pacific. Excluding Japan, rest of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to increasing population and inclusion of healthy things for personal care.
North America is also expanding because of the reason of high capita income and the expenditure of consumers on a healthy lifestyle. However, Europe has put restrictions on the use of colloidal silver into their food products which can restrain the market.
Segments
The global Colloidal Silver market has been segmented on the basis of
By Particle Size
- 5-10 nm
- 11-20 nm
- 21-50 nm
- 51-100 nm
- 101-200 nm
By Form
By End Use
- Food & Beverages Industry
- Pharmaceutical Industry
- Cosmetics and Personal Care Industry
- Other Industries {Packaging, water treatment, textile industry etc}
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
Competitive Landscape
The key players into the colloidal silver market are Sigma Aldrich (Merck KgaA), Source Naturals, Trace Minerals Research Ltd., Alfa Aesar, American Elements, Strem Chemicals Inc., Laboratorios Argenol, Nano Iron S.R.O, Nano Labs, Reinste Nano Venture Pvt. Ltd.
Such platers are focusing on their sales and market distribution through online and e-commerce platforms. They also involve in merger and acquisitions to maintain their geographical stability.
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