Conductive Inks Market

Conductive Inks Market Size-(2023-2028)

The conductive ink market size is estimated to rise from USD 4.65 billion in 2022 to USD 5.86 billion by 2028, at a CAGR of 6.1% over the calculated period. 

Conductive inks are considered electrically conductive printable inks that can be used in printed electronics and show the features of furrowed resistance and flexibility. These majorly have metallic particle-like silver and copper to initiate the flow of electric current through the circuitry. Besides, nanoparticle-based conductive inks are the leading segment in the worldwide industry. These kinds of inks offer high conductive properties and nano-dimension control of size, shape, and particle dispensation. Nanoparticle-based conductive inks can be personalized on the basis of the printing substrate and printing technology employed.

The conductive inks are cheaper than the conventional procedures but are still costly and less hard on unstable bases like printed paper and plastic sheets. It may pose a barrier to the expansion of the conductive inks industry size in the future. Technological developments in the healthcare and medical equipment-making industry are leading to the enhancement of equipment functionality and accuracy of the devices. Customer goods is a major application industry of conductive inks, for instance, smart packaging that contributes highly to industry expansion. 

Conductive Inks Market Drivers and Restraints:

Several broad ranges of electronic products like medical equipment, electronic appliances, solar designs, and others, are based on the printed circuit board technology that is estimated to drive the expansion of the global conductive inks market. The fast expansion in the consumption of flexible and touchscreen-based electronic equipment is estimated to fuel the expansion of the worldwide conductive inks industry. The escalating awareness relating to the employment of renewable resources in the residential and industrial segments and the fast expansion in consumption of solar-based panels and other equipment is estimated to be major driver for the expansion of the conductive inks business. Medical equipment accounts for a notable share in the consumption of conductive inks. There is an uprise of technological development in the healthcare industry and medical equipment makers are continuously focusing on enhancing the functionality and accuracy of the equipment.

Increasing the application of conductive inks in the healthcare sector, for example, medical sensors and others are deemed to accelerate the call for these conductive inks. Product innovation through research and development is one of the key approaches adopted by major players working in the conductive ink industry to boost their foothold worldwide. The introduction of novel products like gold, aluminum, and nickel-based conductive inks is estimated to boost the industry expansion further. The fast advancement in the use of versatile and contact screen-based electronic gadgets is estimated to assist the advancement of the global conductive inks industry. The growing mindfulness with respect to the employment of feasible resources and the brief advancement in the use of sun-based sheets and different devices is estimated to be a major driver for the developments in the conductive inks business. Increasing worries relating to the high carbon dioxide releases have threatened government agencies to shift towards low carbon substitutes. This, in turn, has led to escalated investment opportunities for solar photovoltaic systems, which is estimated to boost the overall product call over the foreseen period.

Recent Developments:

• MagnaColors Introduced its product range at Impressions Expo 2020. Magna Colours declared it is introducing the latest product variety at Impressions Expo 2020 which takes place at the Long Beach Convention Center in Long Beach, CA.Sun Chemical launched a solder mask for direct imaging at Productronica in 2017.

• At Productronica 2017 in Munich, Germany, during the event from 14 November to 17 November, Sun Chemical Electronic Materials (Hall B3, Stand 481) showcased the new technical developments in its Imagecure solder mask range for Direct Imaging (DI) with the introduction of its IMC5000 Series.

CONDUCTIVE INKS MARKET REPORT COVERAGE:

Conductive Inks Market Segmentation as per the latest survey with evaluated size and forecast until 2028.

Conductive Inks Market - By Product:

• Carbon Conductive Inks

• Silver Conductive Inks

• Silver Chloride Inks

• Silver Nano Inks

• Others

Silver inks are employed in printing Radio-Frequency Identification (RFID) tags that are employed in modern transit tickets. These are also majorly being used in repairing printed circuit boards.

Conductive Inks Market - By Application:

• Sensors

• Biosensors

• Touch Screen

• Rfid

• PCBs (Printed Circuit Board)

• Solar Panels

• Others

RFID technology is highly employed in a broad range of equipment like passports, smart cards, credit cards, and others. It provides excellent adhesion, flexibility, and compatibility needs that make it suitable for a broad variety of applications.

Conductive Inks Market – By Region:

• North America
• Europe 
• Asia Pacific
• Latin America
• The Middle East and Africa 

Western Europe accounts for a major share of the conductive inks market which is credited to the increase in consumption of solar-based equipment and flexible electronic equipment. North America also has a key share in the worldwide industry as it leads the medical equipment industry on the basis of value. Asia Pacific is estimated to witness a high CAGR on the basis of value and volume over the foreseen period. The enhanced lifestyle of customers has led to increasing calls for customer electronic appliances and mobiles, mainly in China, the ASEAN region, and India. Japan has a high share in the conductive ink business that is credited to the mature electronics industry in the country. China dominates the worldwide conductive inks market size owing to high expansion in the photovoltaic and customer electronics sector in the country. For example, China accounts around 30% of worldwide automotive production and hence holds a major call share in the overall conductive inks industry. In addition to that, fast industrialization in the Asia Pacific together with enhanced customer spending power has positively included electronic product sales in the nations of India, Indonesia, and other APAC countries, this trend shall fuel regional conductive inks industry size by 2025.

Some of the major players operating in the worldwide industry are

1. DowDuPont (US)

2. Henkel AG & Co. KGaA (Germany)

3. Heraeus Holding GmbH (Germany)

4. Johnson Matthey (UK)

5. Poly-Ink (France)

6. Sun Chemical Corporation (US)

7. NovaCentrix (US)

8. Creative Materials Inc. (US)

9. Applied Ink Solutions (US)

10. Vorbeck Materials (US)