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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Silver Nitrate Market Size was valued at US$ 5.2 billion in 2023 and is poised to grow at a CAGR of 5.1% from 2024-2030. Easy availability and low cost of the compound, growing demand for silver nitrate from the medical & healthcare industry, increase in research & development activities, superior properties of silver nitrate, and increased demand from end-user industries are some key factors propelling the market growth. Silver nitrate is an inorganic and caustic chemical compound that is made by dissolving silver in nitric acid. It appears as a white crystalline solid and is water soluble, non-hygroscopic, and can be corrosive if ingested.
Silver nitrate is a natural compound that is used as an anti-infective agent. It is a topical used to cauterize infected tissues around a skin wound. Silver nitrate can also help create a scab to help stop bleeding from a minor skin wound. It is also used to help remove warts or skin tags. Pure silver nitrate is an intermediate in the preparation of other silver salts, including the colloidal silver compounds used in medicine and the silver halides incorporated into photographic emulsions. Thus, increased demand for silver nitrate to manufacture medical products such as ointments due to its antiseptic properties can further enhance the market growth during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
5.1%Largest Market
Asia-PacificFastest Growing Market
North America
Silver nitrate when used topically has been noted to cause irritation, redness. The main toxic effect of topical silver nitrate is a generalized gray pigmentation of the skin called argyria. This is very rare with chronic topical use and typically occurs more frequently with chronic systemic absorption. On average, 3.8 grams of silver nitrate given orally can cause argyria to begin. Silver nitrate is mainly considered a poison with ingestion due to the corrosive nature of the compound. If ingested, silver nitrate can cause potentially fatal gastroenteritis and gastrointestinal bleed. Hence, side effects of silver nitrate limits the market growth.
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.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 5.2 billion |
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Market CAGR |
5.1% |
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By Purity |
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By Grade |
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By End User |
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The global silver nitrate market size was valued at US$ 5.2 billion in 2023 and is expected to grow at a significant CAGR of 5.1% from 2024-2030
The silver nitrate market key players are American Elements Ames Goldsmith Corporation Barker Industries ESPI Metals Jiangsu Shangyong New Material Co., Ltd
The silver nitrate market segments are by purity, grade and end user
| 1.Executive Summary |
| 2.Global Silver Nitrate Market Introduction |
| 2.1.Global Silver Nitrate Market - Taxonomy |
| 2.2.Global Silver Nitrate Market - Definitions |
| 2.2.1. By Purity |
| 2.2.2. By Grade |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3.Global Silver Nitrate Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Silver Nitrate Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Silver Nitrate Market By Purity, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. >99% |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. <99% |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Silver Nitrate Market By Grade, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Silver Nitrate Technical Grade |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Silver Nitrate ACS Grade |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Silver Nitrate USP Grade |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Silver Nitrate Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Electronics |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Glass |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Medical & Healthcare |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Photography & Jewellery |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Silver Nitrate Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Silver Nitrate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Purity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.>99% |
| 9.1.2.<99% |
| 9.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Silver Nitrate Technical Grade |
| 9.2.2.Silver Nitrate ACS Grade |
| 9.2.3.Silver Nitrate USP Grade |
| 9.2.4.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Electronics |
| 9.3.2.Glass |
| 9.3.3.Medical & Healthcare |
| 9.3.4.Photography & Jewellery |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Silver Nitrate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Purity Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.>99% |
| 10.1.2.<99% |
| 10.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Silver Nitrate Technical Grade |
| 10.2.2.Silver Nitrate ACS Grade |
| 10.2.3.Silver Nitrate USP Grade |
| 10.2.4.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Electronics |
| 10.3.2.Glass |
| 10.3.3.Medical & Healthcare |
| 10.3.4.Photography & Jewellery |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Silver Nitrate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Purity Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.>99% |
| 11.1.2.<99% |
| 11.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Silver Nitrate Technical Grade |
| 11.2.2.Silver Nitrate ACS Grade |
| 11.2.3.Silver Nitrate USP Grade |
| 11.2.4.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Electronics |
| 11.3.2.Glass |
| 11.3.3.Medical & Healthcare |
| 11.3.4.Photography & Jewellery |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Silver Nitrate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Purity Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.>99% |
| 12.1.2.<99% |
| 12.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Silver Nitrate Technical Grade |
| 12.2.2.Silver Nitrate ACS Grade |
| 12.2.3.Silver Nitrate USP Grade |
| 12.2.4.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Electronics |
| 12.3.2.Glass |
| 12.3.3.Medical & Healthcare |
| 12.3.4.Photography & Jewellery |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Silver Nitrate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Purity Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.>99% |
| 13.1.2.<99% |
| 13.2. Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Silver Nitrate Technical Grade |
| 13.2.2.Silver Nitrate ACS Grade |
| 13.2.3.Silver Nitrate USP Grade |
| 13.2.4.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Electronics |
| 13.3.2.Glass |
| 13.3.3.Medical & Healthcare |
| 13.3.4.Photography & Jewellery |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.American Elements |
| 14.2.2.Ames Goldsmith Corporation |
| 14.2.3.Barker Industries |
| 14.2.4.ESPI Metals |
| 14.2.5.Jiangsu Shangyong New Material Co., Ltd |
| 14.2.6.Pheonix Industries |
| 14.2.7.RICCA Chemical Company |
| 14.2.8.Chemical Industries |
| 14.2.9.Shengzhou Jingui Silver Industry Co., Ltd. |
| 14.2.10.Tongling Nonferrous Metals Group Holding Co.,Ltd |
| 14.2.11.Umicore Precious Metals Refining |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.