Report : Europe Silver Powder Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Production Method (Chemical Reduction, Electrolysis, and Vapor Deposition), Shape (Spherical, Flakes, and Irregular), Particle Size [Nanoparticles (Less than 100 nm), Submicron (100 nm to 1 micron), and Micron Scale (More than 1 micron)], Additives [Unalloyed (Pure Silver) and Silver Alloyed with Other Metals], Purity (High-Purity Silver Powder and Medium-Purity Silver Powder), and Application (Electrical and Electronics, Water Purification, Renewable Energy, Medical Devices, Jewelry and Fashion, Paints and Coatings, and Others)
Rising Demand for Photovoltaic Cells Boosts Europe Silver Powder Market Growth
According to the latest market study on “Europe Silver Powder Market Forecast to 2031 – Country Share, Trend, and Growth Opportunity Analysis – by Production Method, Shape, Particle Size, Additives, Purity, and Application,” the market was valued at US$ 895.52 million in 2023 and is projected to reach US$ 1,299.16 million by 2031; it is anticipated to record a CAGR of 4.8% from 2023 to 2031. The report highlights key factors contributing to the Europe silver powder market size and prominent players, along with their developments in the market.
The Europe silver powder market is experiencing steady growth, driven by a combination of factors; one of the noteworthy factors fueling its growth is its increasing significance in the renewable energy industry. In addition to policies and incentives that encourage green and renewable technology development and usage, BIPVBOOST and PVSITES policy programs have been instrumental in building integrated photovoltaics (BIPV) development and implementation in Europe. The BIPVBOOST serves as an innovation action at the European level, funded under the Horizon 2020 program. It aims to reduce the cost of multifunctional BIPV systems by 75% in 2030, limiting the additional cost with respect to traditional and nonintegrated PV modules.
The growing demand for silver powder in the production of photovoltaic cells is a major driver for the Europe silver powder market. Electronics are essential components in solar photovoltaic (PV) systems. Monitoring systems with electronic sensors and communication modules enable real-time performance monitoring and remote management of solar photovoltaic systems. According to the International Energy Agency 2023 report, the global renewable power capacity is expected to increase in the next 5 years, and solar PV and wind energy would account for 96% of power capacity, as their power generation costs are lower than fossil and non-fossil alternatives. Thus, the rising demand for electronics bolsters the Europe silver powder market growth.
As per the European Commission, solar PV is the fastest-growing renewable energy source in the European Union (EU). The capacity is forecasted to double by 2028 compared to 2022. In 2023, 56 GW of solar PV installations were completed in the EU, two-thirds of which were rooftop installations, empowering consumers by protecting them from high electricity expenses and lowering the usage of land. In April 2024, the European Commission (EC), along with EU Member States and the representatives of the solar PV value chain, signed the European Solar Charter to support the EU PV sector. Moreover, the increased focus on silver recycling is expected to remain one of the major Europe silver powder market trends in the coming years. Regulatory pressure and incentives further drive the focus on silver recycling. Governments and environmental authorities in European countries are implementing stringent policies on e-waste management and encouraging industries to adopt recycling initiatives.
The Europe silver powder market analysis is carried out by identifying and evaluating key players in the market. Ames Goldsmith Corp, METALOR Technologies SA, Heraeus Electronics GmbH & Co KG, Nanoshel LLC, FENZI SpA, Johnson Matthey Plc, Technic Inc, SAFINA AS, Giusto Manetti Battiloro SpA, and LINBRAZE Srl are among the key players profiled in the Europe silver powder market report. Manufacturers provide silver powder through their network of distributors, suppliers, and independent dealers operating across different regions. Distributors or suppliers aid in a consistent supply of silver powder to domestic and international markets. The products are supplied to end users directly via business-to-business sales or the network of independent dealers operating across different regions. End users maintain long-term relationships with silver powder manufacturers to ensure a proper and steady supply of high-quality products.
Europe Silver Powder Market Breakdown – by Country
Europe Silver Powder Market Report Segmentation:
Based on production method, the market is segmented into chemical reduction, electrolysis, and vapor deposition. The electrolysis segment held the largest Europe silver powder market share in 2023. The market for the electrolysis segment is experiencing steady growth, driven by its diverse applications across various industries due to high conductivity, chemical stability, and fine particle characteristics. The electrolysis process involves using silver electrodes submerged in an electrolyte solution containing silver nitrate. During electrolysis, a direct electric current is passed through the solution, causing silver ions to migrate to the cathode, where they are reduced and deposited as fine silver particles.
Based on shape, the market is segmented into spherical, flakes, and irregular. The spherical segment held the largest Europe silver powder market share in 2023. Spherical silver particles offer greater specific surface area and high-efficiency autocatalytic function. Spherical silver powder also exhibits mechanical properties such as strength and ductility, depending on the particle size, purity, and production process. It is commonly incorporated in medical and healthcare products, and fabrics.
Based on particle size, the market is segmented into nanoparticles (less than 100 nm), submicron (100 nm to 1 micron), and micron scale (more than 1 micron). The nanoparticles (less than 100 nm) segment is expected to register the fastest CAGR during 2023–2031 in the Europe silver powder market. Nanoparticle silver powder finds significant applications in modern applications. Nanoparticles exhibit characteristics such as high surface area, enhanced electrical conductivity, thermal conductivity, and superior antibacterial properties.
Based on additives, the Europe silver powder market is segmented into unalloyed (pure silver) and silver alloyed with other metals. The silver alloyed with other metals segment held a larger market share in 2023. Silver is alloyed with copper, nickel, tin, and other metals, which caters to a wide range of applications requiring tailored properties such as strength, corrosion resistance, or cost-effectiveness. Alloyed silver powder is also used in electrical contacts, brazing materials, and jewelry.
Based on purity, the Europe silver powder market is bifurcated into high-purity silver powder and medium-purity silver powder. The medium-purity silver powder segment held a larger market share in 2023. Medium-purity silver powder finds extensive use in the manufacturing of electrical contacts, brazing alloys, conductive pastes, and soldering materials. It is also used in brazing applications for joining metal industrial machinery and HVAC systems.
Based on application, the Europe silver powder market is segmented into electrical and electronics, water purification, renewable energy, medical devices, jewelry and fashion, paints and coatings, and others. The renewable energy segment held largest market share in 2023. Silver powder is a crucial aspect of the renewable energy sector, particularly in solar photovoltaics. It is used to create conductive layers in solar cells, where its high conductivity and durability are critical for efficient energy transmission. In 2023, electrical and electronics also held significant market share. Silver powder is a critical material in conductive inks, pastes, and adhesives used in printed circuit boards, sensors, RFID tags, and semiconductors. The rising adoption of miniaturized and flexible electronics, and advancements in 5G technology benefit the Europe silver powder market.
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