PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100684
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100684
The global Silver Powders and Flakes market was valued at 5,307.1 million in 2021, growing with 5.1% CAGR during the forecast period, 2022-2028.
Silver powders are little particles of metal crushed into a very fine powder. They are created by crushing silver coins, jewelry, or other silver-based things. Electrolysis, which is the act of breaking down an electrically conductive substance into smaller particles using an electric current, can also be used to make silver powders. Silver's usage as an industrial catalyst has also risen due to its capacity to accelerate chemical processes without being consumed by them. The worldwide silver powders market has been gradually growing in recent years, owing to increased demand in photovoltaic cells, the electronics sector for coating substrates, and other applications that are expected to have a favorable influence on this market.
Because of the expanding electronics sector, the demand for silver powder and flakes has grown significantly. Furthermore, the demand for silver powder and flakes is predicted to rise as the adhesives and sealants sector expands, creating a major business opportunity for the leading players in the silver powder and flakes market. The shift in trend toward the usage of silver nano-powders and flakes, on the other hand, is expected to impede the overall growth of the silver powder and flakes market.
Silver ink has a high conductivity, which improves performance. Silver powder and flakes are widely used in the electronics industry. This powder is also found in adhesives and sealants. The expansion of these markets is projected to increase demand for silver powder and flakes, benefiting the worldwide silver powder and flakes market. The global silver powder and flakes industry will see a rise in demand for hybrid silver coated products in the near future. Due to the use of silver nanoparticles for antimicrobial purposes, silver powder and flakes will also be in great demand. As a consequence of this increase in demand, the overall silver powder and flakes market is predicted to grow.
The worldwide silver powder and flakes market is segmented into product, and end use segments. The worldwide silver powder and flakes market is segmented by product into silver powders, silver flakes, nano-powder and flakes, and others. The worldwide silver powder and flakes market is segmented by end use into electronics and electrical, silver inks, adhesives, and others..
Silver Powders are silver particles that are exceedingly tiny in size. They come in a variety of forms and sizes, but they all serve the same purpose: to provide gloss and protection to a surface. Silver Powders are classified into two types: normal and flake. Regular powders are, well, powdered. Flake powders, on the other hand, seem more textured and stick to surfaces better.
Silver flakes are microscopic silver bits with a shiny shine. They are made by hammering pure silver into very thin sheets and then cutting them into little squares. Silver flakes are used to make jeweler, art, and other ornamental items. They may also be used as an ingredient in a variety of goods.
Silver powders are widely employed in the production of photovoltaic cells. Silver particles are perfect for use in solar energy systems due to their tiny size and strong conductivity. They are also utilized to coat cells in order to increase electrical conductivity. Furthermore, silver powders can aid in the reduction of power losses that occur when light is turned into electricity.
Silver powders have several applications in the electronics sector. Silver powder is used for Electroless Nickel Plating, Surface Finishing, and Metal Coatings, among other uses in diverse end-user sectors such as automobiles, telecommunications equipment, and consumer appliances.
According to the most recent customs statistics, China imported 558 MT of silver powder from January to February 2022, a 24 percent rise year on year. Japan, South Korea, and the United States were the top three importers. The imported quantity of flake silver powder with an average particle size of less than 10 microns (used mostly in the electronics sector) was 7.7 MT, a 37% decline year on year. Imports of non-flake silver powder with an average particle size of less than 3 microns totaled 253 MT, a 2.4 percent rise year on year. Other non-flake silver powder imports were 283 MT, a 60% increase year on year. Other flake silver powder totaled 14 MT, a 24 percent increase year on year.
India's largest bullion refiner is expanding into industrial silver as demand for the metal, which is used in everything from switches to television screens, is expected to rise in the South Asian country. MMTC-PAMP India Pvt., which has the ability to process around 900 tones of gold and silver, has begun producing silver and alloy contacts, which are used in electrical fuse boxes, at a plant next to its refinery in the state of Haryana. This fiscal year, the factory will generate more than 100 million contacts, with ambitions to treble output by the end of March 2024.
The scope of this report covers the market by its major segments, which include as follows: