Materials & Chemicals Market Research News

Complete study of current trends in the global silver market just published

Materials & Chemicals Research

Global Silver consumption accounted for 37,704 tons in 2016 and expected to reach 49,860 tons by 2022 growing at a CAGR of 4.6% from 2017 to 2022.

The global silver consumption accounted for 37,704 tons in 2016 and expected to reach 49,860 tons by 2022, growing at a CAGR of 4.6% from 2017 to 2022. Silver is white, soft, and glossy metallic element, which exhibits high thermal conductivity, electrical conductivity, and reflectivity.

It is found in its pure & free elemental form in earths crust, with gold & other metals as an alloy, and in minerals such as chlorargyrite & argentite. It is produced as a byproduct during gold, copper, zinc, and lead refining.

For centuries, silver is being used for jewelry, currency, and as a long-term investment option. It is one of the most invested precious metal commodity, and carries few similar properties as gold with lesser cost and can be a remarkable substitute metal for gold.

Furthermore, advancement in techniques in ore separation and improvements in electrorefining techniques increase the production of refined silver.

Access this Report @ www.researchbeam.com/silver-market/purchase-enquiry

On the basis of application, the global silver market is segmented into metallurgical additives, pharmaceuticals & chemicals, fusible alloys, solders & ammo, and others. The geographical breakdown and analysis of each of the aforementioned segments are covered for China, Mexico, Canada, Bolivia, Russia, Vietnam, and others.

Market Dynamics

Drivers

  • Rise in utilization of sliver for industrial applications
  • Increase in use in medicine, owing to its ability to resist the growth of microbes
  • Inexpensive alternative for gold

Restraints

  • Volatility in economic growth
  • Need for more complex and expensive refineries

Market Players

The top players operating in the global silver market include Yunnan Copper Company, Xinda Silver Industry Co., Ltd., Jiangxi Copper, Shandong Zhaojin Group Co., Ltd., Shandong Humon, Xiangguang Copper, Yunnan Tin, Fresnillo Plc., KGHM Polska Mied S.A, Polymetal International Plc., Boliden, Baiyin Nonferrous Metals Corporation, Henan Yuguang, Zijin Mining, Henan Jinli, Yubei Yelian, Minshan Group, Hunan Yuteng, Daye Nonferrous Metals Group Holdings Co., Ltd., Hunan Jinwang, and others.

Access sample report @ www.researchbeam.com/silver-market/request-sample

KEY TAKEAWAYS

MARKET LANDSCAPE

By Application

  • Industrial Applications
  • Jewelry & Silverware
  • Coins & Bars

By Geography

  • U.S.
  • Market Share Analysis of Leading Players
  • Canada
  • Market Share Analysis of Leading Players
  • Mexico
  • Market Share Analysis of Leading Players
  • Bolivia
  • Market Share Analysis of Leading Players
  • Russia
  • Market Share Analysis of Leading Players
  • Poland
  • Market Share Analysis of Leading Players
  • China
  • Market Share Analysis of Leading Players
  • Australia
  • Market Share Analysis of Leading Players
  • Peru
  • Market Share Analysis of Leading Players
  • Chile
  • Market Share Analysis of Leading Players
  • Others
  • Market Share Analysis of Leading Players

News From

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