Silver Nitrate Market: By Purity (>99% and <99%), By Grade (Silver Nitrate Technical Grade, Silver Nitrate ACS Grade, Silver Nitrate USP Grade and Others), By End User (Electronics, Glass, Medical & Healthcare, Photography & Jewellery and Others) and Geography    

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Silver Nitrate Market Size was valued at USD 5.2 billion in 2022 and is poised to grow at a CAGR of 5.1% over 2023-2029. Easy availability and low cost of the compound, growing demand for silver nitrate from the medical & healthcare industry, increase in research & development activities, superior properties of silver nitrate, and increased demand from end-user industries are some key factors propelling the market growth. Silver nitrate is an inorganic and caustic chemical compound that is made by dissolving silver in nitric acid. It appears as a white crystalline solid and is water soluble, non-hygroscopic, and can be corrosive if ingested. Silver nitrate is a natural compound that is used as an anti-infective agent. It is a topical used to cauterize infected tissues around a skin wound. Silver nitrate can also help create a scab to help stop bleeding from a minor skin wound. It is also used to help remove warts or skin tags. Pure silver nitrate is an intermediate in the preparation of other silver salts, including the colloidal silver compounds used in medicine and the silver halides incorporated into photographic emulsions. Thus, increased demand for silver nitrate to manufacture medical products such as ointments due to its antiseptic properties can further enhance the market growth during the forecast period.

Global Silver Nitrate Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.1%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
Silver Nitrate Market Dynamics

Silver nitrate when used topically has been noted to cause irritation, redness. The main toxic effect of topical silver nitrate is a generalized gray pigmentation of the skin called argyria. This is very rare with chronic topical use and typically occurs more frequently with chronic systemic absorption. On average, 3.8 grams of silver nitrate given orally can cause argyria to begin. Silver nitrate is mainly considered a poison with ingestion due to the corrosive nature of the compound. If ingested, silver nitrate can cause potentially fatal gastroenteritis and gastrointestinal bleed. Hence, side effects of silver nitrate limits the market growth.

Key Features of the Reports

  • The silver nitrate market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Global Silver Nitrate Market Segmentation

By Purity
  • >99%
  • <99%
By Grade
  • Silver Nitrate Technical Grade
  • Silver Nitrate ACS Grade
  • Silver Nitrate USP Grade
  • Others
By End User
  • Electronics
  • Glass
  • Medical & Healthcare
  • Photography & Jewellery
  • Others

Frequently Asked Questions

The silver nitrate market size was valued at USD 5.2 billion in 2022

The silver nitrate market key players are American Elements Ames Goldsmith Corporation Barker Industries ESPI Metals Jiangsu Shangyong New Material Co., Ltd

The silver nitrate market segments are by purity, grade and end user

1.Executive Summary
2.Global Silver Nitrate Market Introduction 
2.1.Global Silver Nitrate Market  - Taxonomy
2.2.Global Silver Nitrate Market  - Definitions
2.2.1. By Purity
2.2.2. By Grade
2.2.3. By End User
2.2.4. By Region
3.Global Silver Nitrate Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Silver Nitrate Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Silver Nitrate Market  By Purity, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. >99%
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. <99%
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Silver Nitrate Market  By Grade, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Silver Nitrate Technical Grade
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Silver Nitrate ACS Grade
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Silver Nitrate USP Grade
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Silver Nitrate Market  By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Electronics
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Glass
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Medical & Healthcare
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Photography & Jewellery
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Silver Nitrate Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Silver Nitrate Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Purity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.>99%
9.1.2.<99%
9.2.  Grade Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Silver Nitrate Technical Grade
9.2.2.Silver Nitrate ACS Grade
9.2.3.Silver Nitrate USP Grade
9.2.4.Others
9.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Electronics
9.3.2.Glass
9.3.3.Medical & Healthcare
9.3.4.Photography & Jewellery
9.3.5.Others
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Silver Nitrate Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Purity Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.>99%
10.1.2.<99%
10.2.  Grade Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Silver Nitrate Technical Grade
10.2.2.Silver Nitrate ACS Grade
10.2.3.Silver Nitrate USP Grade
10.2.4.Others
10.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Electronics
10.3.2.Glass
10.3.3.Medical & Healthcare
10.3.4.Photography & Jewellery
10.3.5.Others
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Silver Nitrate Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Purity Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.>99%
11.1.2.<99%
11.2.  Grade Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Silver Nitrate Technical Grade
11.2.2.Silver Nitrate ACS Grade
11.2.3.Silver Nitrate USP Grade
11.2.4.Others
11.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Electronics
11.3.2.Glass
11.3.3.Medical & Healthcare
11.3.4.Photography & Jewellery
11.3.5.Others
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Silver Nitrate Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Purity Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.>99%
12.1.2.<99%
12.2.  Grade Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Silver Nitrate Technical Grade
12.2.2.Silver Nitrate ACS Grade
12.2.3.Silver Nitrate USP Grade
12.2.4.Others
12.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Electronics
12.3.2.Glass
12.3.3.Medical & Healthcare
12.3.4.Photography & Jewellery
12.3.5.Others
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Silver Nitrate Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Purity Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.>99%
13.1.2.<99%
13.2.  Grade Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Silver Nitrate Technical Grade
13.2.2.Silver Nitrate ACS Grade
13.2.3.Silver Nitrate USP Grade
13.2.4.Others
13.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Electronics
13.3.2.Glass
13.3.3.Medical & Healthcare
13.3.4.Photography & Jewellery
13.3.5.Others
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.American Elements
14.2.2.Ames Goldsmith Corporation
14.2.3.Barker Industries
14.2.4.ESPI Metals
14.2.5.Jiangsu Shangyong New Material Co., Ltd
14.2.6.Pheonix Industries
14.2.7.RICCA Chemical Company
14.2.8.Chemical Industries
14.2.9.Shengzhou Jingui Silver Industry Co., Ltd.
14.2.10.Tongling Nonferrous Metals Group Holding Co.,Ltd
14.2.11.Umicore Precious Metals Refining
15. Research Methodology 
16. Appendix and Abbreviations 
  • American Elements
  • Ames Goldsmith Corporation
  • Barker Industries
  • ESPI Metals
  • Jiangsu Shangyong New Material Co., Ltd
  • Pheonix Industries
  • RICCA Chemical Company
  • Chemical Industries
  • Shengzhou Jingui Silver Industry Co., Ltd.
  • Tongling Nonferrous Metals Group Holding Co.,Ltd
  • Umicore Precious Metals Refining

Adjacent Markets