- In March 2023, DuPont MCM unveiled a next-generation silver/silver chloride (Ag/AgCl) conductive ink designed for printed electronics. Created in partnership with Linköping University, this advanced ink integrates stable n-type polymeric components, paving the way for the development of flexible and lightweight electronic components. This breakthrough represents a major leap forward in the realm of printed electronics
- In January 2023, HeiQ, a Swiss chemical manufacturer, acquired Tarn-Pure, a UK-based company known for producing silver salts for industrial applications. This acquisition strengthens HeiQ's role as a key supplier of regulatory-compliant elemental copper and silver, particularly for industrial hygiene solutions. The move aligns with HeiQ's commitment to sustainable hygiene technologies
- In July 2024, Finance Minister Nirmala Sitharaman announced a reduction in customs duty on silver to 6% as part of the Union Budget 2024-25. This initiative is expected to lower silver prices, benefiting buyers and the jewellery industry. By making silver more affordable, the move aims to stimulate demand and enhance accessibility for consumers
- In December 2024, the global silver salt market is forecasted to expand from $1.1 billion in 2024 to USD1.56 billion by 2028, reflecting a compound annual growth rate (CAGR) of 9%. Key drivers of this growth include heightened demand for medical applications, rising concerns about antimicrobial resistance, and broader utilization in catalytic processes
- In October 2024, Technavio projected a USD721.34 million growth in the global silver salt market between 2024 and 2028. This growth is attributed to the increasing miniaturization of electronics, where silver salts play a vital role in producing photovoltaic cells and flat-panel displays. These components are essential for creating smaller and more efficient electronic devices
