The global Silver Nitrate Market is estimated to be valued at US$ 363.1 Mn or Million in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Silver nitrate is an inorganic salt with many applications. It is known for its disinfectant and antiseptic properties. Silver nitrate is highly soluble in water and is used to make mirrors, dental restorations, solar panels and industrial catalysts. It acts as an oxidizing agent and is employed in various organic syntheses.
Market key trends:
One of the key trends fueling the growth of the silver nitrate market is its increasing usage in the industrial manufacturing sector. Silver nitrate finds widespread application in industrial catalysts due to its oxidation properties. It is used as a catalyst in the production of ethylene oxide and propylene oxide. Silver nitrate also acts as an essential catalyst in the manufacturing of nitric acid, adipic acid and phthalic anhydride. Additionally, it is employed as a chemical intermediate in the synthesis of various agrochemicals and pharmaceutical intermediates. Its large-scale consumption in industrial processes is expected to drive the demand for silver nitrate over the forecast period.
Segment Analysis:
The global silver nitrate market is segmented into product type and application. Based on product type, the silver nitrate market is classified into silver nitrate solution and silver nitrate anhydrous. The silver nitrate solution sub-segment dominated the market in 2022 and is expected to continue its dominating trend over the forecast period as it finds wide application in photography, cleaning, and water treatment. Based on application, the market is segmented into photography, cleaning, water treatment, textiles, healthcare and others. The photography sub-segment held the largest market share in 2022 as silver nitrate is primarily used in black and white photographic processing. The water treatment segment is expected to witness the highest growth rate over the forecast period owing to increasing use of silver nitrate for disinfection of drinking water.
Key Takeaways:
The Global Silver Nitrate Market Size was valued at US$ 363.1 Mn in 2023. It is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period, owing to increasing applications in industries such as photography, healthcare, water treatment, and textiles.
By region, North America dominated the silver nitrate market in 2023 with a share of around 35%, followed by Europe and Asia Pacific. North America is expected to continue its dominance during the forecast period owing to the presence of major silver nitrate producers and high demand from end-use industries such as photography and healthcare in the region.
Key players operating in the silver nitrate market are Ames Goldsmith, Ricca Chemical Company, Rochester Silver Works, Tongling Noferrous Metals Group, Jiangsu Shangyong New Material, Yinxing Chem, Chenzhou Jingui Silver Industry, Shenzhen Sunshine Chem, Shaanxi Kaida Chemical Engineering, Metalor Technologies International, Umicore, Materion Corporation, Tanaka Holdings, Heraeus Holding, Fujifilm, Boliden Group, Dowa Electronics Materials, Asahi Refining USA, Hutchinson Manufacturing, Johnson Matthey. Major players are focusing on expanding their production capacities and geographical presence to strengthen their market share.
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After losing all the impression of their achievements, great companies often fade away.
When the whole world was shifting towardsdigital photography in late 80s, Kodak refused to join the bandwagon, and continued with their existing products even after inventing the digital camera technology.
However, after 2010, Nokia's market value declined by about 90 percent and in 2011 Nokia was acquired by Microsoft.
why Nokia, which was considered as the undisputed king of mobile devices was thrown out of the market?The main reason is the introduction of iPhone in 2007.
At the time of iPhone's launch, half of all the devices sold in the planet were Nokia's.
Nokia's management thought they will continue to rule the market with dated Symbian OS and average phones.They never thought Apple would come-up with a superior hardware and software and the executives were afraid to acknowledge the fact even after knowing that it would take several years to develop a better OS that could compete with iOS.
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Get Exclusive PDF Sample Copy Of This Report @ https://www.upmarketresearch.com/home/requested_sample/1207In this report, there is a healthy amount of coverage of the market economies such as the demand and supply, cost and profit of the Silver Nitrate (CAS 7761-88-8) Market.
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The hazardous nature of traditional plastics is pushing governments all over the world to introduce stringent regulations to curb carbon emissions and the usage of harmful plastic products.
This is also estimated to provide momentum to the upscaling of the Global Bio-Based PET Market.Bio-Based Polyethylene Terephthalate (PET) is produced from ethylene glycol that is obtained from plants.
These plant sources include non-toxicity, recyclability, reduced carbon footprint, and a high resistance to shattering.
For instance, the Plant PET Technology Collaborative (PTC) by Virent, Inc uses paraxylene using beet sugar instead of fossil fuels.
These technological developments are anticipated to promote higher adoption of Bio-Based PET products, fueling growth in the market.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/5823Industry Update:September 2018: PepsiCo formed a partnership with NaturALL Bottle Alliance to develop packaging made from 100% sustainable and renewable sources.
Following this, the Alliance aims to make 95% Bio-Based PET bottles.Key Players:Some of the prominent market vendors present in the Global Bio-Based PET Market include Braskem (Brazil), Gevo, Inc. (U.S.), TEIJIN LIMITED (Japan), Anellotech, Inc. (U.S.), TORAY INDUSTRIES, INC. (Japan), Indorama Ventures Public Company Limited (Thailand), M Chemicals (Italy), NatureWorks LLC (U.S.), Novamont S.p.A (Italy), Plastipak Holdings, Inc. (U.S.), Amyris (U.S.), and Toyota Tsusho Corporation (Japan).Market Segmentation:The report on Bio-Based Pet Market by Market Research Future (MRFR) includes a detailed analysis of various types of Raw Materials Used, Applications of Bio-Based PET, as well as specific regional analysis.
While some of the industries have just started to introduce IoT into their business, the industrial sector has been using IoT for quite a sometime.“They’re the IoT hipster” – Dave Lewis, global security advocate at Akamai.It’s very crucial that their data is accurate and the system remains up running, for which they need to make sure their IoT devices remain safe and secure.Let’s look at what all threats do enterprise might be facing regarding their IoT devices.
Domain Name Systems (DNS) attacks to enterprise infrastructureThrough Domain Name Systems, attackers or hijackers can hijack the domain.
The software gives itself too many permissionsEnterprises need to be diligent about carefully reviewing both the IoT software they are creating and deploying on their networks.
Organizations and enterprises need to work with their legal departments to ensure that the data they have been storing, is not running afoul of data retention laws.
They go through these devices in a network and try to reach an entry point or a segment of the network with valuable information.
It would allow them to go over and personalize their security for rigorous implementation of data according to the enterprise’s business requirements – in consideration of the need for Compliance with Legal Mandates and International Regulations related to data privacy and protection.
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Those of you that operate a retail shop will benefit from this as will any locations that host events and keep accessories and gear on sale for players to buy last minute.Even for buyers who are looking to outfit a team, buying airsoft wholesale has a lot of benefits.
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