The conductive inks market is valued at US$ 3.14 Billion in 2022 and is expected to reach a valuation of US$ 4.79 Billion by 2032. The conductive inks market is anticipated to register a growth rate of 4.32% over the forecast period.
Growth in the demand for conductive inks is driven by:
The ever-increasing price of silver has made it imperative to find alternatives to or significantly reduce reliance on the precious metal. Due to its unpredictable price, silver has been replaced by more affordable conductive metals like copper, graphene, and aluminum. Potential market expansion is hampered since the alternatives supplied cannot compete with silver's superior attributes. Limiting silver's use in silver-based inks may slow the market because of its expected price increase throughout the projection period.
| Attributes | Details |
|---|---|
| Market Value (2022) | US$ 3.14 Billion |
| Market Value (2032) | US$ 4.79 Billion |
| CAGR | 4.32% |
As the need for printed electronics grows, scientists are likely to place more emphasis on developing new conductive polymer inks. In April 2021, for example, scientists from Linköping University, Sweden, the United States, and South Korea collaborated to create a conductive n-type polymer ink that is resistant to oxygen and heat.
Ink is the delivery system for the novel n-type substance, with ethanol serving as the solvent. The solution can be sprayed over a surface to deposit the ink, simplifying, and lowering the cost of manufacturing organic electrical devices. Due to this breakthrough, novel conductive pastes can be developed for use in energy-efficient printed electronics. To obtain the necessary functionality, conducting polymers may be doped to alter their electrical characteristics. The researchers believe their newly developed electrically conductive pastes are expected to pave the way for the creation and mass manufacture of lightweight and flexible electronic devices like LEDs, solar cells, organic biosensors, and transistors.
Since conductive ink has many desirable properties for use in solar cell panels (high conductivity, low sheet resistivity, excellent adhesion to indium tin oxide and cadmium tin oxide, superior printing resolution, and a low curing temperature), it has seen extensive use in this field.
In addition, the solar (photovoltaic) industry has been under intense pressure to lower raw material costs and boost production efficiency to compete with conventional grid power systems. Adoption of conductive inks provides a practical answer for businesses in this situation.
Increases in photovoltaic (PV) capacity are expected across the world in the next years, with China at the forefront of this trend. A staggering 97 GW of solar photovoltaic (PV) capacity was added in 2018, with the IAEA estimating that this figure accounts for half of the world's total net renewable capacity growth. The global conductive inks market for capacity expansions continued to expand in 2019. More than 140 GW of new solar capacity is anticipated worldwide in 2020.
These variables are anticipated to propel the conductive inks market for photovoltaic applications in the coming years.
Conductive inks are electrically conductive, printable inks used in printed electronics and it exhibits the properties of crease resistance and flexibility. These mainly constitute metallic particle such as silver and copper to facilitate the flow of electric current across the circuitry.
Apart from these, nanoparticle based conductive inks is an emerging segment in conductive inks market. These type of inks provide high conductive properties and nano dimension control of size, shape and particle distribution. Nanoparticle based conductive inks can be customised based on the printing substrate and printing technology used.
The silver based conductive inks account for a major share and is expected to dominate the global conductive inks market. The advantages of silver conductive inks are least resistive property, flexible and supports miniature electronic circuitry designs.
The wide range of applications of conductive inks include sensors, solar panels, touch screen, antenna, potentiometers and PCBs etc. Henkel AG & Co. KGaA, a Germany based leading manufacturer of coatings and adhesive technologies manufactures silver and dielectric inks by the brand name LOCTITE. These inks are suitable for applications in automotive, RFID, medical devices, displays etc.
Many wide range electronic products such as medical devices, electronic appliances, solar designs etc. are based on the printed circuit board technology, which is expected to drive the growth of global conductive inks market. The rapid growth in consumption of flexible and touch screen based electronic devices is anticipated to boost the growth of global conductive inks market.
The increasing awareness regarding use of renewable resources in residential and industrial sector and the rapid growth in consumption of solar based panels and other devices is anticipated to be a significant driver for the growth conductive inks market.
Medical devices account for share in consumption of conductive inks. There is an upsurge of technological advancement in healthcare industry and the medical device manufacturers are constantly focusing on improving functionality and precision of the devices.
The global conductive inks market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Western Europe accounts for significant share in conductive inks market, which is attributed to the rise in consumption of solar based devices and flexible electronic equipments.
North America also has a major share in global conductive inks market as it dominates the medical devices market in terms of value. APEJ is expected to project high CAGR in terms of value and volume during the forecast period.
The improved lifestyle of consumers has resulted in rising demand for consumer electronic appliances and mobiles, especially in China, ASEAN region and India. Japan has significant share in conductive inks market, which is attributed to the mature electronics market in the country.
Some of the key players in the global conductive inks market are as follows:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
On the basis of type, the global conductive inks market can be segmented as follows:-
On the basis of application, the global conductive inks market can be segmented as follows:-
The market is likely to register a CAGR of 4.32% through 2032.
The market is currently valued at US$ 3.14 Bn in 2022.
The market is likely to grow to a valuation of US$ 4.79 Bn by 2032.
Asia Pacific is likely to be a leading market during the forecast period.
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Conductive Inks Market
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