Market Executive Summary

The global market for Silver Powders and Flakes was estimated to be worth US$ 6925 million in 2024 and is forecast to a readjusted size of US$ 13870 million by 2031 with a CAGR of 10.6% during the forecast period 2025-2031.

Growth Drivers for the Silver Powders and Flakes Market

1. Surge in Photovoltaic Applications

With 67% market share, the photovoltaic segment is the dominant application of silver powders and flakes. Their superior conductivity and heat resistance make them essential in solar panel manufacturing—supporting global clean energy transitions.

2. Rising Demand for Conductive Materials in Electronics

Silver’s excellent electrical conductivity drives its widespread use in conductive pastes, adhesives, and coatings—particularly for printed circuit boards (PCBs) and advanced electronics, including 5G devices and flexible electronics.

3. Expanding Use in Emerging Technologies

The shift toward wearable tech, electric vehicles (EVs), and smart devices is fueling the demand for high-performance conductive materials, propelling the silver powders and flakes market forward.

Silver powders and flakes are white powders with metal luster, and are face-centered cubic structure. They are excellent conductors of heat and electricity. Silver powders and flakes are inert for most acid, but could be quickly dissolved in dilute nitric acid and hot concentrated sulfuric acid. Silver powders and flakes are mainly used in the manufacture of conductive paste, conductive coatings, conductive adhesives, etc. The Silver Powders and Flakes market covers Silver Powders, Silver Flakes, etc. The typical players include Ames Goldsmith, DOWA Hightech, Metalor, DuPont, Johnson Matthey, Mitsui Kinzoku, Technic, Fukuda, etc.

Global key players of Silver Powders and Flakes include DOWA Hightech, Ames Goldsmith, Tokuriki Honten, Mitsui Kinzoku, Fukuda, etc. The top five players hold a share over 54%. Japan is the largest market, which has a share about 45%, followed by China and North America with a market share of 28% and 23%, respectively. In terms of product type, Silver Powders is the largest segment, occupied for a share of 94%. And in terms of application, Photovoltaic is the largest segment, which has a share about 67%.

This report aims to provide a comprehensive presentation of the global market for Silver Powders and Flakes, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Silver Powders and Flakes by region & country, by Type, and by Application.

The Silver Powders and Flakes market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Silver Powders and Flakes.

Global Silver Powders and Flakes Companies Covered

Ames Goldsmith, DOWA Hightech, DKEM, Johnson Matthey, Mitsui Kinzoku, Technic, Fukuda, Shoei Chemical, AG PRO Technology, MEPCO, Cermet, Yamamoto Precious Metal, TANAKA, Shin Nihon Kakin, Tokuriki Honten, Tongling Nonferrous Metals Group Holding, CNMC Ningxia Orient Group, Ningbo Jingxin Electronic Material, Kunming Noble Metal Electronic Materials, Nonfemet, RightSilver, Changgui Metal Powder, Yunnan Copper Science & Technology, Nippon Atomized Metal Powders, Daiken Chemical

Global Silver Powders and Flakes Market, by Region

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Silver Powders and Flakes Market, Segment by Type

Silver Powders

Silver Flakes

Global Silver Powders and Flakes Market, Segment by Application

Photovoltaic

Conductive Paste

Printed Circuit Board

Conductive Glue

Others

Recent Developments in the Silver Powders and Flakes Market

1. Japan Leading Innovation and Supply

Japan dominates the market with a 45% share, led by major players such as DOWA Hightech, Tokuriki Honten, Mitsui Kinzoku, and Fukuda. These companies are innovating new particle morphologies and purities to meet industry demands.

2. Market Consolidation Among Key Players

Top five global players hold 54% market share, suggesting increasing consolidation and strategic alliances among producers like Ames Goldsmith, Johnson Matthey, and Technic to expand capacity and streamline supply chains.

3. Localization Trends in China and North America

China (28%) and North America (23%) are witnessing significant manufacturing expansion to reduce reliance on imports and improve domestic self-sufficiency in critical electronic components.

Market Trends in the Silver Powders and Flakes Industry

1. Dominance of Silver Powders Over Flakes

Silver Powders account for a 94% market share, primarily due to their broader applications in conductive adhesives and pastes. However, niche demand for silver flakes is growing in high-end electronic coatings.

2. Shift Toward High-Purity and Nano-Silver Powders

Manufacturers are focusing on developing ultra-fine and nano-scale silver powders to meet the precision requirements of printed electronics and biomedical applications.

3. Sustainable Processing and Recycling Initiatives

With silver being a finite resource, companies are increasingly investing in recovery technologies and eco-friendly processing methods, particularly to address environmental concerns in downstream applications.

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Silver Powders and Flakes manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Sales, revenue of Silver Powders and Flakes in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Sales, revenue of Silver Powders and Flakes in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

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