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Silver Nitrate Market

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Global <strong>Silver</strong> <strong>Nitrate</strong><br />

<strong>Market</strong><br />

Share, Global Trends,<br />

Analysis, Research, Report,<br />

Opportunities,<br />

Segmentation and Forecast,<br />

2015<br />

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Report Description<br />

<strong>Silver</strong> <strong>Nitrate</strong> <strong>Market</strong>: Overview<br />

Sliver <strong>Nitrate</strong>, a silver salt raw material, is one of the most important chemical compound<br />

due to its varied industrial and commercial applications. <strong>Silver</strong> nitrate compound have an<br />

important presence in medical & healthcare, photography & jewelry, glass coating and<br />

other applications. Besides important chemical properties such as stability to light,<br />

solubility in water and non-hygroscopic nature, silver nitrate have competitive advantage<br />

of being the least expensive of the silver salts, making the silver nitrate market lucrative.<br />

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

of silver nitrate as photographic emulsions and as an agent to remove copper oxide<br />

firescale from silver articles. <strong>Silver</strong> nitrate is an important antiseptic, disinfectant, and is<br />

also used for glass coating to manufacture shiny mirrors. A large portion of silver<br />

consumed globally goes into the production of silver nitrate compounds. <strong>Silver</strong> nitrate is<br />

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

intermediate chemical, from which other silver compounds are made and thus possesses<br />

important laboratory applications. However, the silver nitrate market has encountered a<br />

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

nitrate in photographic applications. The silver nitrate market possess strict government<br />

norms and regulations due to its toxic nature. It can cause adverse effects to humans and<br />

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


Report Description<br />

<strong>Silver</strong> <strong>Nitrate</strong> <strong>Market</strong>: Drivers and Restraints<br />

A wide range of industrial and commercial applications makes silver nitrate an important<br />

chemical compound commercially and is a driver for the global silver nitrate market. Easy<br />

availability and low cost of the compound further fuels the growth of silver nitrate<br />

market. Growing medical & healthcare industry also tends to surge the demand for silver<br />

nitrate and compounds.<br />

However stringent government norms and regulations, varying from region to region<br />

hinders the growth of the silver nitrate market, also the persisting economic downturns<br />

tends to hamper growth of the market.<br />

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<strong>Silver</strong> <strong>Nitrate</strong> <strong>Market</strong>: Segmentation<br />

On the basis of the Grade of the compound, the silver nitrate market is segmented as:<br />

Analytical Reagent Grade (ACS)<br />

Active Pharmaceutical Ingredient Grade (API)<br />

Photographic Grade


Report Description<br />

On the basis of Applications, the silver nitrate market is segmented as:<br />

Photography & Jewelry<br />

Medicine & Healthcare<br />

Glass Coating<br />

Others (Laboratory, Ceramics etc.)<br />

<strong>Silver</strong> <strong>Nitrate</strong> <strong>Market</strong>: Region-wise Outlook<br />

The silver nitrate market on basis of region is segmented into North America, Latin<br />

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

nitrate market in terms of value. Asia pacific is another significant market in the global<br />

silver nitrate market with increasing production volumes. Countries in the region such as<br />

China, has outsized potential for silver nitrate production. In Latin America, Mexico<br />

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

in silver production.<br />

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Report Description<br />

<strong>Silver</strong> <strong>Nitrate</strong> <strong>Market</strong>: Key Players<br />

Ames Goldsmith Corp.<br />

S D FINE CHEM LIMITED<br />

Spectrum Chemical Manufacturing Corp.<br />

Sigma-Aldrich Co. LLC.<br />

Rochester <strong>Silver</strong> Works, LLC<br />

Tongling Nonferrous Metals Group Holdings Co., Ltd<br />

Chenzhou Jingui <strong>Silver</strong> Industry Co Ltd<br />

K. Chemical Industries Pvt. Ltd<br />

EMD Millipore Corporation<br />

Mahi Enterprise<br />

Columbus Chemical Industries (CCI)


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