Silver Nitrate Market


Global Silver Nitrate


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Report Description

Silver Nitrate Market: Overview

Sliver Nitrate, a silver salt raw material, is one of the most important chemical compound

due to its varied industrial and commercial applications. Silver nitrate compound have an

important presence in medical & healthcare, photography & jewelry, glass coating and

other applications. Besides important chemical properties such as stability to light,

solubility in water and non-hygroscopic nature, silver nitrate have competitive advantage

of being the least expensive of the silver salts, making the silver nitrate market lucrative.

The past trends reveals high growth rates in the silver nitrate market due to extensive use

of silver nitrate as photographic emulsions and as an agent to remove copper oxide

firescale from silver articles. Silver nitrate is an important antiseptic, disinfectant, and is

also used for glass coating to manufacture shiny mirrors. A large portion of silver

consumed globally goes into the production of silver nitrate compounds. Silver nitrate is

produced by a chemical reaction between silver and nitric acid, further it acts as an

intermediate chemical, from which other silver compounds are made and thus possesses

important laboratory applications. However, the silver nitrate market has encountered a

decline in growth rate in past decade, which is majorly due to reduced use of silver

nitrate in photographic applications. The silver nitrate market possess strict government

norms and regulations due to its toxic nature. It can cause adverse effects to humans and

environment, especially has severe danger to fish and other aquatic organisms.

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Report Description

Silver Nitrate Market: Drivers and Restraints

A wide range of industrial and commercial applications makes silver nitrate an important

chemical compound commercially and is a driver for the global silver nitrate market. Easy

availability and low cost of the compound further fuels the growth of silver nitrate

market. Growing medical & healthcare industry also tends to surge the demand for silver

nitrate and compounds.

However stringent government norms and regulations, varying from region to region

hinders the growth of the silver nitrate market, also the persisting economic downturns

tends to hamper growth of the market.

Silver Nitrate Market: Segmentation

On the basis of the Grade of the compound, the silver nitrate market is segmented as:

Analytical Reagent Grade (ACS)

Active Pharmaceutical Ingredient Grade (API)

Photographic Grade

On the basis of Applications, the silver nitrate market is segmented as:

Photography & Jewelry

Medicine & Healthcare

Report Description

Silver Nitrate Market: Region-wise Outlook

The silver nitrate market on basis of region is segmented into North America, Latin

America, Europe, Asia Pacific and Middle East & Africa. North America is the largest silver

nitrate market in terms of value. Asia pacific is another significant market in the global

silver nitrate market with increasing production volumes. Countries in the region such as

China, has outsized potential for silver nitrate production. In Latin America, Mexico

shares a significant position in the silver nitrate market, as it is among the global leaders

in silver production.

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Silver Nitrate Market: Key Players

Ames Goldsmith Corp.


Spectrum Chemical Manufacturing Corp.

Sigma-Aldrich Co. LLC.

Rochester Silver Works, LLC

Tongling Nonferrous Metals Group Holdings Co., Ltd

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