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The conductive inks market size is estimated to grow at a CAGR of 7.32% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,449.69 million. The growth of the market depends on several factors, such as the growing demand for printed and flexible electronic devices, new product launches, and demand for miniaturization of electronics.
This report extensively covers market segmentation by product (silver ink, copper ink, and others), application (photovoltaic, membrane switches, and display and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Conductive Inks Market Customer Landscape
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for printed and flexible electronic devices is the key factor driving the global conductive inks market growth. Printed electronics is a growing field that uses conductive inks to print electronic components directly onto substrates. The market is expected to grow significantly in the coming years, driven by applications in various sectors such as healthcare, consumer electronics, and automotive. The development of flexible and stretchable electronic devices has increased the demand for conductive inks that can be printed on flexible substrates such as plastics and textiles. These flexible electronics are used in applications such as wearables, smart textiles, and medical devices.
Conductive inks are used in high-end medical devices to reduce costs and create compact devices. Hence, the above factors will boost the market during the forecast period
Development in printed technologies will fuel the global conductive inks market growth. As the use of flexible and stretchable electronics increases, the demand for conductive inks that can be printed on flexible substrates such as plastics and textiles is expected to grow. The market is expected to grow significantly in the coming years, driven by applications in various sectors such as healthcare, consumer electronics, and automotive. This is expected to increase the demand for conductive inks.
The development of advanced printing technologies such as inkjet and aerosol jet printing aims to make the production of high-quality conductive inks easier and cheaper. This is expected to increase the acceptance of conductive inks in various applications. For example, copper conductive inks with additives that stop oxidation during sintering are used by major electronics manufacturers for RFID/smart package antenna applications. These advancements in printing technology will boost the global demand for conductive inks during the forecast period.
High-cost and low-quality of conductive inks can majorly impede the growth of the market. Conductive inks can be more costly than traditional circuit manufacturing techniques such as wire bonding and etching. For some applications, especially those where cost is a concern, this can be an obstacle as conductive inks are not as resilient as traditional circuit manufacturing techniques. Conditions in which the device is exposed to extreme heat, humidity, or other adverse conditions may limit its use. Also, not all materials are compatible with conductive inks, which may limit their use in some applications.
For example, some metal or plastic substrates may not accept certain conductive inks well. Such factors may limit the expansion of the conductive ink market.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 18 market vendors, including:
The report offers clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.
The silver ink segment will contribute a major share of the market, due to its increasing use in various applications. The silver ink segment showed a gradual increase in market share with USD 1,253.33 million in 2017 and continued to grow by 2021. Conductive silver inks can be printed on flexible substrates, making them ideal for use in flexible electronic devices such as wearable sensors and smart textiles. The use of conductive silver inks in printing technology continues to improve, making it easier and cheaper to print conductive silver inks on various substrates such as paper, plastics, and textiles.
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Conductive silver inks are also widely used in the manufacture of printed circuit boards used in a wide variety of electronic devices, from smartphones to medical devices. The Internet of Things(IoT) continues to expand, increasing the need for sensors and other electronic components that can be easily integrated into everyday objects. Conductive silver ink is a key component in many of these applications. Therefore, the use of conductive silver ink in various electronic devices and electronic components will boost the demand for conductive silver ink, boosting the market during the forecast period.
Conductive inks are used in multiple applications in the photovoltaic industry, including solar cell and panel manufacturing. Conductive ink is used to create electrical connections between solar cells and carry the electrical current produced by the solar cells to an external device. As the demand for renewable energy sources continues to grow, so does the demand for solar modules. This is expected to increase the demand for conductive inks used in the manufacturing of solar cells and modules. The development of new and more efficient solar cell technologies has increased the demand for conductive inks with specific properties such as high conductivity, flexibility, and durability. The use of conductive inks can reduce the cost of manufacturing solar modules by eliminating expensive materials and processes used in traditional circuit manufacturing methods. The adoption of printed electronics is increasing in various industries, including the photovoltaic industry. Conductive inks are a key component of printed electronics and their acceptance is expected to grow as the market grows. Therefore, the demand for conductive ink in photovoltaic applications will stimulate the demand for the market during the forecast period.
APAC is estimated to contribute 35% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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Asia Pacific has a large and growing conductive inks market, driving demand for conductive inks. Countries such as China, Japan, and South Korea are major players in the market, driving the growth of the market in the APAC region. Additionally, APAC is home to some of the world's largest electronics manufacturers such as Samsung, LG, and Foxconn. As the electronics industry continues to grow in the region, the demand for conductive inks used in manufacturing electronic devices is expected to increase during the forecast period.
COVID-19 in 2020 negatively impacted the market. COVID-19 wreaked havoc across supply chains in 2020, from raw materials to manufacturing to delivery. Widespread measures, including temporary closures of non-essential businesses, cancellation of events, travel restrictions, quarantines, and other precautionary measures, were taken in several countries around the world to prevent the spread of the virus. All these factors adversely affected the operations of the market worldwide. However, in 2021, COVID-19 vaccinations were done across the world which led to ease lockdown restrictions, allowing businesses and Industrial activities to resume. With the easing of restrictions due to COVID-19, investment in solar energy systems also got resumed. This increased demand for conductive inks. Therefore, the market is expected to grow during the forecast period.
The conductive inks market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Conductive Inks Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.32% |
Market growth 2023-2027 |
USD 1,449.69 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.95 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 35% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AdNano Technologies Pvt. Ltd., CHASM Advanced Materials Inc., Creative Materials Inc., Daicel Corp., DuPont de Nemours Inc., Dycotec Materials Ltd., Encres DUBUIT, Henkel AG and Co. KGaA, Heraeus Holding GmbH, Johnson Matthey Plc, Methode Electronics Inc., Nano Dimension Ltd., Nano Magic Inc., Nippon Kayaku Co. Ltd., PPG Industries Inc., PV Nano Cell Ltd., TAIYO HOLDINGS CO. LTD., Tanaka Holdings Co. Ltd., Vorbeck Materials Corp., and Sun Chemical Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
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