The Market for Colloidal Silver is Expected to Grow to $2.5Bn by 2030

Colloidal silver is a mineral that has historically been used for its antimicrobial properties. Its primarily used in dietary supplements, to treat skin infections topically, and in wound care. It is also used in different industrial applications, including electronics, coatings, and water purification. As of 2023, the value of the mineral’s market was estimated to be $1.2 billion.

Forecasts expect that the market will grow at a compounded annual growth rate of 8.1% between 2024 and 2032. By 2032, the value of this market is expected to have hit $2.5 billion.

Currently, major players in the mineral’s market include Pure Colloidal Silver, Aura Cacia, Silver Wings, Colloidal Science Laboratory, NARDA, Protocol for Life Balance, Natural Immunogenics, Purest Colloids, VitaHemp, Silver Biotics, Health Trax, Healthy Traditions, Soverain, and American Biotech Laboratories. By region, the North American segment is a huge consumer of colloidal silver.

The main drivers of the colloidal silver market include:

1. Increasing demand for organic health products

There is a growing preference for organic and natural health products among consumers in regions like the Asia Pacific and Europe.

1. Water purification

The growing use of colloidal silver in the purifying of water, particularly in areas with limited access to clean water is boosting the market.

• Increasing use in cosmetic and healthcare products

The use of the mineral in medical devices like bandages, ointments, and skin care products is rising.

Opportunities that’ll bolster this market’s growth include:

1. Advancements in production

The advent of new manufacturing methods may enhance the safety profile and effectiveness of colloidal silver, launching new avenues for its use in industrial and medical applications.

1. Growing applications in water filtration

The increasing need for cost-effective and efficient solutions for water purification, particularly in developing nations, offers this market an opportunity to grow.

There are challenges that affect the colloidal silver market though, including:

1. Side effects and health concerns

Concerns over the safety of this mineral, especially when it comes to its potential to cause particles of silver to accumulate in skin, have increased over the last few years.

1. Inadequate standardization

The absence of quality oversight and uniform formulations in producing the mineral’s products makes it hard for customers to assess the effectiveness or safety of these products, which in turn restricts mass adoption.

• Competition from other solutions

The colloidal silver market is in direct competition with other antimicrobial agents like synthetic antibiotics and silver-based nanoparticles, which provide similar benefits to consumers without the risks involved.

As the uses of colloidal silver increase, companies like First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) focusing on finding new sources of this metal could reap big in the coming years and decades.

NOTE TO INVESTORS: The latest news and updates relating to First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are available in the company’s newsroom at https://ibn.fm/FSTTF

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