DUBLIN, November 16, 2022 /PRNewswire/ — The “Global Silver Market (Demand, Supply, and Production): Insights and Forecast with Potential Impact from COVID-19 (2022-2026)” report has been added to from ResearchAndMarkets.com offer.
Global silver demand is expected to reach 1,196 million ounces in 2026, at a CAGR of 2.97%, for the period 2022-2026. While silver supply is expected to be recorded at 1,061 million ounces in 2026, increasing at a pace CAGR by 1.24%, over the period 2022-2026.
Factors such as increasing sales of jewelry and silverware, increasing demand for photovoltaic solar panels, increasing use of silver oxide batteries, increasing manufacturing of electrical equipment and the expansion of dental services would drive the growth of the market. However, market growth would be challenged by silver price volatility and the environmental impact of silver nanoparticles. A few notable trends may include an increasing use of silver in the automotive industry, increasing consumption of silver nanoparticles, and an increase in silver consumption in the United States.
The silver market gradually emerges over the years and secures its position in the financial markets of the modern economy. Given its size and liquidity, silver clearly becomes a monetary asset for investors. Moreover, the growing range of applications makes silver highly in demand in various end industries. Silver is widely used in industries such as jewelry and silverware, electrical and electronics, photovoltaics, brazing alloys and photography.
The report provides a comprehensive analysis of the global silver market.
The major regional markets (North AmericaCentral & South America, AsiaIEC, EuropeOceania and Africa) were analyzed.
Market dynamics such as growth drivers, market trends, and challenges are analyzed in depth.
The company profiles of the main players (Glencore, Polymetal International, Fresnillo, Pan American Silver, First Majestic Silver and Asahi Refining) are also presented in detail.
Increase in jewelry and silverware sales
Growing demand for photovoltaic solar panels
Growing use of silver oxide batteries
Increase in the manufacture of electrical equipment
Expansion of dental services
Key trends and developments
Increase in the use of silver in the automotive sector
Growing consumption of silver nanoparticles
Rise in silver consumption in the United States
Key target audience
Supply chain partners
End users (automotive, jewelry and silverware, solar energy, E&E, etc.)
Government agencies and regulatory authorities
Main topics covered:
2. Impact of COVID-19
3. Global market
4. Regional market
5. Market dynamics
6. Company Profiles
Pan American Money
Majestic First Silver
For more information on this report, visit https://www.researchandmarkets.com/r/wuuaov
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SOURCE Research and Markets