Market Overview
The global conductive inks market size was valued at USD 2.44 billion in 2020. The market is projected to rise from USD 2.53 billion in 2021 to USD 3.37 billion by 2028 at 4.2% CAGR during the forecast period 2021-2028. Fortune Business Insights™ has deep-dived into these insights in its latest research report titled, “Conductive Inks Market, 2021-2028.”
According to the analysis, the ink has gained traction across applications, including printing RFID tags for computer keyboards and modern transit tickets. Moreover, the product has become highly sought-after for energy storage components globally.
Market Trend:
The Conductive Inks trend refers to the growing use of specialized inks that have electrical conductivity properties. These inks are formulated with conductive materials such as silver, copper, or carbon, allowing them to conduct electricity when applied to surfaces. The trend is driven by the increasing demand for flexible electronics, printed electronics, and smart devices. Conductive inks offer several advantages over traditional circuitry, including flexibility, low cost, lightweight, and the ability to be printed on various substrates such as plastics, paper, and textiles. They enable the creation of electronic circuits and components through printing processes like inkjet, screen printing, or flexography. This technology has applications in diverse fields like wearable electronics, sensors, smart packaging, automotive, and healthcare. The Conductive Inks trend represents a shift towards innovative and customizable electronics manufacturing, opening up new possibilities for the development of smart, interconnected, and functional devices.
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Segments
Type, Application, and Region are Studied
In terms of type, the market is fragmented into copper inks, silver inks, conductive polymer inks, carbon/graphene inks, and others.
Based on application, the market is segmented into RFID, automotive, membrane switches, photovoltaics, and others.
With respect to region, the market is segregated into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Report Coverage
The report is prepared with the use of qualitative and quantitative assessments. The use of primary sources, such as interviews with key opinion leaders has boosted the dynamics and insights with respect to trends. The report includes secondary sources, including SEC filings, press releases, annual reports, and paid databases. The report also delves into top-down and bottom-up approaches to forecast market size, revenues, and growth of major players in the landscape.
Drivers and Restraints
Bullish Investments in Electronics Industry to Foster Return on Investment (RoI)
Over the next years, the market share of conductive inks is expected to increase due to the electric sector’s unparalleled expansion. In both developed and developing nations, end customers will continue to show a preference for gadgets that are lightweight and efficient. The trend is probably going to be set by printed heaters, RFID tags, touch screens, and IoT sensors. Specifically, the introduction of 5G networks may increase ROI. The necessity for organic biosensors and speedier electrical devices will propel a robust future.
In the meanwhile, rising silver prices and erratic raw material prices could hinder market expansion.
Regional Insights
Expansion of Electronics Sector to Underscore Asia Pacific Market Growth
Emerging economies, such as China and India, are slated to spearhead the adoption of touch screens, photovoltaics, and microelectronics. The trend for consumer electronics will underpin the Asia Pacific conductive inks market growth during the assessment period. Besides, robust government policies to curb fossil fuel consumption will bolster regional growth.
North America industry outlook will be strong with the presence of leading companies across the U.S. and Canada. Industry players are likely to bank on the penetration of automotive players such as Tesla and Ford. An exponential rise in the footfall of electric vehicles will drive the trend for inks. Surging demand for advanced features in the auto sector will further the penetration of conductive inks.
Prominent players envisage Europe as an investment hub on the back of the rising footprint of renewable energy. According to SolarPower Europe, the solar industry in the region witnessed an 11% surge in 2020, adding 18.7 Gigawatts of energy generation capacity through solar photovoltaic modules. Amidst the onslaught of the COVID-19 pandemic, bullish government measures could add fillip to the business outlook.
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Competitive Landscape
Industry Players to Inject Funds into Product Rollouts to Bolster Footfall
Leading companies are poised to up their investments in mergers & acquisitions, R&D activities and technological advancements. The market’s competitiveness indicates key players could invest in geographical expansion and product portfolio expansion.
Key Industry Developments
- December 2020 – PV Nano Cell launched digital conductive inks for solar, ceramic, glass, lift, and other high-growth applications.
- August 2020 – CHASM Advanced Materials collaborated with Henkel Adhesive Technologies to streamline the demand for innovative materials in printed electronics.
Major Players Profiled in the Market Report:
- DuPont (Delaware, U.S.)
- Henkel AG & Co. KGaA (Düsseldorf, Germany)
- Creative Materials Inc. (Massachusetts, U.S.)
- Heraeus Holding (Hanau, Germany)
- Poly-ink (Paris, France)
- CHASM (Massachusetts, U.S.)
- Johnson Matthey (London, U.K.)
- Vorbeck Materials Corp. (Maryland, U.S.)
- Daicel Corporation (Osaka, Japan)
- NovaCentrix (Texas, U.S.)
- Adnano Technologies Pvt. Ltd (Karnataka, India)
- Sun Chemical (New Jersey, U.S.)
- PV Nano Cell Ltd. (Migdal HaEmek, Israel)
Latest Research News:
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