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Silver Nitrate Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70307
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The silver nitrate market size has the potential to grow by USD 2.62 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.35%. 

This report provides a detailed analysis of the market by application (photography and jewelry, medical and healthcare, analytical reagents, and others), geography (North America, APAC, Europe, South America, and MEA), and key vendors. 

Market Overview

Silver-Nitrate-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • American Elements
  • Ames Goldsmith Corp.
  • Barker Industries Inc.
  • ESPI Metals
  • Merck KGaA
  • Pheonix Industries
  • Rochester Silver Works LLC
  • Ricca Chemical Co.
  • Avantor Inc.
  • Umicore

 

The silver nitrate market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as superior properties of silver nitrate to achieve growth opportunities. However, factors such as the availability of substitutes will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the silver nitrate market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This silver nitrate market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Silver Nitrate Market: Key Drivers and Trends

  • The superior properties of silver nitrate is one of the key factors driving the silver nitrate market growth.
  • Silver nitrate is water soluble and highly hygroscopic in nature, which makes it an excellent oxidizing agent and is used as a starting material to manufacture silver halides, silver oxides, and other derivatives. 
  • There is a growing use of silver nitrate in commercial and industrial applications owing to its superior qualities, which will boost the growth of the global silver nitrate market. 
  • The increased demand for silver nitrate in photography and jewelry applications will drive the silver nitrate market growth.
  • Silver nitrate, owing to its superior physical and chemical properties, experiences high demand in photography and jewelry applications.
  • Very high-purity silver nitrate is used as a material for chemical photography, paper-based photography, and photographic film. 
  • Silver nitrate is light sensitive and absorbs incident light falling on its surface. 
  • Silver nitrate has high durability, chemical inertness, and high aesthetic appeal
  • The above-mentioned factors are increasing the use of silver nitrate in jewelry and photography.

 

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Silver Nitrate Market: Segmentation by Geography

Silver-Nitrate-Market-Market-Share-by-Region-2020-2025

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35% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for silver nitrate in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing use of silver nitrate as an analytical agent and catalyst is one of the prime factors that will facilitate the silver nitrate market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Silver Nitrate Market: Segmentation by Application

Silver-Nitrate-Market-Market-Share-by-Application-2020-2025

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Silver nitrate is used in the electroplating process to coat silver onto nickel. This kind of plating is used significantly to manufacture wristwatches and jewelry. Owing to its soft, lustrous, tarnishable, and highly-reflective characteristics, it is widely used to manufacture sterling silver, silverware, jewelry, and other products. Therefore, the growth of the market segment is expected to be significant during the forecast period.

The post COVID-19 impact has brought forth a slowdown in the photography and jewelry application segment growth. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the silver nitrate market size.

 

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Silver Nitrate Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive silver nitrate market growth during the next five years
  • Precise estimation of the silver nitrate market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the silver nitrate industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of silver nitrate market vendors

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Silver Nitrate Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 2.62 billion

Market structure

Fragmented

YoY growth (%)

4.07

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 35%

Key consumer countries

US, China, Germany, Japan, and Russian Federation

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

American Elements, Ames Goldsmith Corp., Barker Industries Inc., ESPI Metals, Merck KGaA, Pheonix Industries, Rochester Silver Works LLC, Ricca Chemical Co., Avantor Inc., and Umicore

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Photography and jewelry - Market size and forecast 2020-2025
    • Medical and healthcare - Market size and forecast 2020-2025
    • Analytical reagents - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor Landscape
      • Landscape disruption
      • Competitive scenario

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • American Elements
      • Ames Goldsmith Corp.
      • Barker Industries Inc.
      • ESPI Metals
      • Merck KGaA
      • Pheonix Industries
      • Rochester Silver Works LLC
      • Ricca Chemical Co.
      • Avantor Inc.
      • Umicore

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The silver nitrate market growth will increase by $2620.00 million during 2020-2025.
      The silver nitrate market is expected to grow at a CAGR of 4.35% during 2020-2025.
      Technavio has segmented the silver nitrate market by application (Photography and jewelry, Medical and healthcare, Analytical reagents, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
      American Elements, Ames Goldsmith Corp., Barker Industries Inc., ESPI Metals, Merck KGaA, Pheonix Industries, Rochester Silver Works LLC, Ricca Chemical Co., Avantor Inc., Umicore are a few of the key vendors in the silver nitrate market.
      APAC will register the highest growth rate of 35.31% among the other regions. Therefore, the silver nitrate market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Germany
      • Japan
      • Russian Federation
      The key factors driving the silver nitrate market growth are:
      • Superior properties of silver nitrate
      The silver nitrate market vendors should focus on grabbing business opportunities from the photography and jewelry segment as it accounted for the largest market share in the base year.
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