Global Silver Salt Market is valued approximately USD 0.97 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.9 % over the forecast period 2022-2029. Silver Salt is a chemical compound obtained through chemical reaction of halogens with silver at high temperature. Some of the widely used silver salts are silver chloride (AgCl), silver bromide (AgBr), silver iodide (AgI) and silver fluoride (AgF). These salts are utilized across different industries such as medical industry, water treatment industry and electronics industry among others. The increasing expansion of water wastewater treatment sector and growing industrial application of silver salt as well as strategic initiatives from leading market players are key factors accelerating the market growth during the forecast period.

According to Statista - as of 2021, the global water and wastewater treatment market was valued at USD 281.75 billion. Furthermore, the market is projected to grow to USD 490 billion by 2029. Also, rising demand from electronics sector and growing industrialization in emerging economies would create lucrative growth prospectus for the market over the forecast period. However, high Cost associated with Silver Salt and health concerns associated with Silver Compound impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Silver Salt Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players as well as rising chemical industry in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of medical sector as well as increasing penetration of key market players in the region.

Major market players included in this report are:

ABCR GMBH

ACHEMTEK

ALFA Chemistry

ALFA AESAR

American elements

BOC Science

Finetech Industry

Micron Platers

Metalor Technologies

Yogi Dye Chem Industries

Recent Developments in the Market:

In April 2021, Stone Canyon Industries Holdings LLC, Kissner Group Holdings completed acquisition of K+S Aktiengesellschaft's Americas salt business, including Morton Salt, for a transaction valued of USD 3.2 billion.
Global Silver Salt Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered Type, Application, Region

Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

Silver Chloride

Silver Bromide

Silver Iodide

Silver Fluoride

Silver Nitrate

Others

By Application

Photographic Film & Paper

Chemical Manufacturing

Medical & Medical Devices

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World