Dublin, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The "Europe Silver Powder Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Production Method, Shape, Particle Size, Purity, and Application" report has been added to ResearchAndMarkets.com's offering.
Europe's silver powder market is expected to grow from US$ 895.52 million in 2023 to US$ 1.29 billion by 2031.
It is expected to grow at a CAGR of 4.8% from 2023 to 2031. The European silver powder market is experiencing steady growth, driven by growing demand for photovoltaics and electronics.
Europe is growing with a fast-changing semiconductor marketplace as governments worldwide increasingly adopt more restrictive policies on importing and using chips from overseas. The European Commission passed the EU Chips Act in April 2023 with an aim to double the European Union's (EU) share in global chip production by 2030 by mobilizing US$ 47 billion in public and private investments. The growth of consumer electronics, 5G technology, and wearable devices results in an upsurge in demand for silver powder in the electronics and semiconductors sector.
The growing preference for miniaturized components further bolsters the requirement for high-purity silver powder. In the renewable energy sector, conductive pastes made out of silver powder are used in photovoltaic cells incorporated in solar panels. The push for renewable energy sources in Europe is driven by climate goals and regula.
