Silver Salt Market
According to the report published by Allied Market Research, the global silver salt market size was expected at $0.9 billion in 2020 and is expected to hit $2.0 billion by 2030, registering a CAGR of 7.9% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
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Rise in demand from the medical sector and several end-use industries drives the growth of the global silver salt market. On the other hand, harmful effects associated with the usage of silver salt restrain the growth to some extent. However, increase in usage of silver salt in the ceramic and weather modification industry is projected to create lucrative opportunities in the industry.
Based on type, the silver iodide segment accounted for more than one-fourth of the total market share in 2020, and is expected to rule the roost by 2030. The silver bromide segment, on the other hand, would garner the fastest CAGR of 9.7% throughout the forecast period.
Based on application, the medical & medical devices segment and chemical manufacturing segment contributed to nearly two-fifths of the total market revenue each in 2020, and are projected to lead the trail by 2030. The medical & medical devices segment alone, however, would exhibit the fastest CAGR of 9.0% during the forecast period.
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Based on region, the market across Asia-Pacific held the major share in 2020, garnering around half of the global market. The same region would also manifest the fastest CAGR of 8.1% throughout the forecast period. Other provinces studied in the report include North America, LAMEA, and Europe.
The key market players analyzed in the global silver salt market report include ACHEMTEK, ALFA Chemistry, ALFA AESAR, Yogi Dye Chem Industries, American elements, ABCR GmBH, BOC Science, Finetech Industry, Micron Platers, and Metalor Technologies. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
Key Benefits For Stakeholders
The report provides in-depth analysis of the silver salt market along with the current trends and future estimations.
The silver salt market share is provided in terms of revenue.
This report highlights the key drivers, opportunities, and restraints of the silver salt market along with the impact analysis during the forecast period.
Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the silver salt market for strategy building.
A comprehensive market analysis covers the factors that drive and restrain the silver salt market growth.
The qualitative data about market dynamics, silver salt market trends, and developments is provided in the report.
Browse Full Report Summary: https://www.alliedmarketresearch.com/silver-salt-market-A14952
By Type
Silver Chloride
Silver Bromide
Silver Iodide
Silver Fluoride
Silver Nitrate
Others
By Application
Photographic Film & Paper
Chemical Manufacturing
Medical and medical devices
Others
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