Nano silver market in India exceeded USD 61.6 million in 2019 and is projected to exceed USD 208.2 million by 2027, growing at a CAGR of 21.3% from 2020 to 2027. The report provides a detailed analysis of best investment pockets, top winning strategies, drivers and opportunities, market size and estimates, competitive landscape, and evolving Indian Nano Silver Market trends.

Increasing demand for nanosilver from various antimicrobial applications in consumer industries and rapid growth of electronics and pharmaceutical sectors in the province are driving the growth of nanosilver market in India. On the other hand, increasing concerns about environmental pollution and toxicity of nano-silver products are stifling growth to some extent. However, the growing awareness and trend toward biological synthesis methods are expected to benefit the market growth.

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COVID-19 Scenario –

1. The outbreak of the pandemic led to a drop in demand for nano-silver in India due to shut down production units, industrial activities and disrupted supply chain management.

2. The suspended operations in the end-use sectors including equipment, electronic equipment and others affected the market sales to some extent.

3. India was one of the nations hardest hit by the second wave of Covid-19. This has created further challenges for the market. However, as the nation has started to recover and regulations are being relaxed, the industry is expected to recover soon.

4. The Nanosilver Market in India is analyzed by synthesis method and end-user. Based on the synthesis method, the chemical reduction segment accounted for more than half of the total market share in 2019 and is expected to take the lead by 2027. The biological segment, on the other hand, would register the fastest CAGR at 22.7% over the forecast period.

In terms of end users, the electrical and electronics segment held …