Home / Businesswire / Global Silver Nitrate Market 2018-2022| Increased Medical Applications of Silver Nitrate to Boost Demand | Technavio

Global Silver Nitrate Market 2018-2022| Increased Medical Applications of Silver Nitrate to Boost Demand | Technavio

LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/Research?src=hash" target="_blank"gt;#Researchlt;/agt;–The global silver nitrate market is expected to post a CAGR of close to
4% during the period 2018-2022, according to the latest market research
report by Technavio.


A key factor driving the growth of the global silver nitrate market is
the superior properties of silver nitrate. Silver nitrate is an
inorganic compound that is used to produce silver derivatives and many
essential chemical products owing to its superior physical and chemical
properties. It is water soluble and highly hygroscopic in nature and it
has antiseptic, antibacterial, and antifungal properties. Therefore, it
is widely used in the medical and pharmaceutical industries. Silver
nitrate is also extensively used in laboratories as an analytical
reagent, catalyst, and organic staining agent, thanks to its superior
chemical properties. Thus, these superior properties of silver nitrate
are major factors for its use in commercial and industrial applications.

This market research report on the global
silver nitrate 2018-2022
also provides an analysis of the most
important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

In this report, Technavio highlights the increased medical applications
of silver nitrate as one of the key emerging trends in the global silver
nitrate market:

Global silver nitrate market: Increased medical
applications of silver nitrate

Owing to its antiseptic and antibacterial properties, silver nitrate has
several medical uses including wound closure. It is used in ointments
and sprays in wound care applications to remove debride hyper
granulation tissue or calloused rolled edges in wounds. Silver nitrate
is also used to cauterize blood vessels in the nose to prevent nose
bleeding. It is also used to cure verruca, granulation tissue, wound
healing, stoma maintenance, anterior epistaxis, skin tags, and pain
relief for aphthous stomatitis. Thus, the increased demand for silver
nitrate to manufacture medical products such as ointments due to its
antiseptic properties can propel the market during the forecast period.

“Apart from the increased medical applications of silver nitrate, the
global silver nitrate market is also expected to be positively
influenced by the increased demand for silver nitrate in photography and
jewelry applications owing to its superior physical and chemical
properties,” says a senior analyst at Technavio for research on
specialty chemicals.

Global silver nitrate market: Segmentation
analysis

This market research report segments the global silver nitrate market by
application (photography and jewelry, medical and healthcare, and
analytical reagents) and geographical regions (APAC, EMEA, and the
Americas).

The Americas region led the market in 2017 with a market share of close
to 42%, followed by APAC and EMEA respectively. Although the APAC held
the market share of less than the Americas in 2017, it is expected to
register the highest incremental growth during the forecast period.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected]

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com