The global silver nitrate market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key drivers for the market growth include easy availability and low cost of the compound, growing demand for silver nitrate from medical & healthcare industry, increase in research & development activities, superior properties of silver nitrate and increased demand from end user industries. However, factors such as side effects of silver nitrate, stringent government norms & regulations varying in different regions and economic downturns are hampering the market growth.
Global silver nitrate market segmented on the basis of purity, grade, end user and region.
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Photography & Jewelry dominate the Global Silver Nitrate Market
Based on end user, global silver nitrate market segmented into electronics, glass, medical & healthcare, photography & jewelry and others. Photography & Jewelry held considerable market growth during estimated period. In jewelry, airline frequent flyer programs and credit cards, silver is topped by gold and platinum. But in the world of useful elements, silver should be gold. The most important compound of silver, it is used in the preparation of silver salts for photography.
Asia Pacific Leads the Global Silver Nitrate market
PBI’s global silver nitrate market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global silver nitrate market with considerable CAGR as the region is the major producer of silver nitrate and rise in industrialization in countries such as China and India. Also, china is the major contributor for the growth of the market in this region due to production capacity expansions by chemical and pharmaceutical manufacturers. In addition, North America held significant market share during predicted period owing to rising demand for silver nitrate as sealing agent in developed economies such as the U.S. and Canada.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global silver nitrate market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are American Elements, Ames Goldsmith Corporation, Barker Industries
ESPI Metals, Jiangsu Shangyong New Material Co., Ltd, Pheonix Industries, RICCA Chemical Company, K. Chemical Industries, Shengzhou Jingui Silver Industry Co., Ltd., Tongling Nonferrous Metals Group Holding Co.,Ltd and Umicore Precious Metals Refining.
Precision Business Insights (PBI) in its report titled “Global Silver Nitrate Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Silver Nitrate Technical Grade
o Silver Nitrate ACS Grade
o Silver Nitrate USP Grade
By End User
o Medical & Healthcare
o Photography & Jewellery
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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