Non-Conductive Ink Market

Non-Conductive Ink Market Size (2023-2028):

The Non-Conductive Ink Market is anticipated to develop from USD 630 million in 2022 to USD 860 million by 2028, at a growth rate of 9.5% over the conjecture time frame.

The growth of the market can be attributed to the increasing consumption of non-conductive ink in various applications, such as PCB panels, PV panels. The demand for non-conductive inks is operating by the increasing demand for printed circuit boards.

Non-conductive ink is a type of ink to enhances its strength and performance and can be employed as an insulator and a protective layer. Their high electrical resistance allows safe use for different electrical equipment like PCBs, LED packaging, and transducers & actuators. The non-conductive ink is used in creating different colors due to its opacity. This variant of non-conductive inks is extensively employed for displays on mobile phones and PCs.

The global non-conductive inks market growth is due to the increased use of glass substrates in the electronics industry, where they are largely used in displays and photovoltaics. Also, the rising electronic and electrical industry will drive the demand for non-conductive inks. Over the forecast period, the PCB panel section is assumed to rise at the highest compound annual growth rate in terms of value. It suggests that the increase in the production of PCB panels and their rising use in electronic applications would increase the demand for non-conductive inks.

Drivers & Restraints in the Non-Conductive Ink Market

Non-conductive inks are widely used in PCB panels which in turn are used in various applications like medical devices, consumer electronics, automotive, aerospace, and lighting applications. The growth of these industries is predicted to operate in the global non-conductive inks market. Additionally, the increasing consumption of non-conductive inks in various technologies such as flexography, inkjet, and screen is driving the market. The volatility in the prices of raw materials acts as a limitation to the expansion of the global non-conductive inks market. However, the growing population in the developed and developing regions is increasing the demand for the production of PCB panels, creating growth opportunities for companies to develop at a notable pace globally.

Opportunities in the Non-Conductive Ink Market

• Growing demand for these inks in PCB production is driving the growth of the market

• The glass substrate segments are expected to witness lucrative growth opportunities during the forecast period

Recent Developments:

The organizations functioning in the global non-conductive inks market are concentrating on the usage of Nanoparticles in various applications. This is likely to create immense growth potential in this market growth as this ink can be adopted in printing technology. Along with this, players in the market are considering different strategies like product diversification and technical assistance to customers in order to strengthen their position.

NON-CONDUCTIVE INK MARKET REPORT COVERAGE:

Market Segmentation

Non-Conductive Ink Market - By Substrate:

• Glass

• Ceramic

• Acrylic

• Others (polyamide, polyethylene)

By substrate, glass is expected to be the fastest-growing segment of the market during the forecast period

The growth of the segment is contributing importantly to the increased usage of glass in the electronics industry where these substrates are preferred commonly in displays and photovoltaics. The growing electronic & electrical industry is further predicted or assumed to operate the demand for non-conductive inks in this segment.

 Non-Conductive Ink Market - By Application:

• PCB Panels

• PV Panels

• LED Packaging

• Others (sensors & transducers, displays, and actuators)

The growth of the PCB panels segment is contributing to the growing production of these panels in emerging economies such as China, Taiwan, and India. The rising use of PCB panels in consumer electronics, automotive, medical devices, aerospace, and lighting applications are deemed to accelerate the non-conductive inks market. Their high demand is attributed mainly to the increase in the production of PCB panels and rising manufacturing activities in the area. The Asia Pacific is a hub for electronics and electric equipment.

Non-Conductive Ink Market – By Region:

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

APAC is assumed to be the leading non-conductive ink market in the forecast period. The surge in the APAC area can be attributed to the increasing call for non-conductive inks in end-users like PCB panels, PV panels, and others. The presence of a robust industrial base, favorable government policies, and low labor costs are further strengthening the non-conductive inks business and attracting key players to invest in the Asia Pacific. The development of the non-conductive ink market in these regions is due to a strong industrial base, favorable government policies, and low labor costs.

Leading Manufacturers of the Non-Conductive Ink Market:

• DowDuPont (US)

• Henkel AG & Co. KGaA (Germany)

• Teikoku Printing Inks Mfg.Co., Ltd (Japan)

• Applied Cavitation Incorporated (US)

• Poly-Ink (France)

• Sun Chemical Corporation (US)

• NovaCentrix (US)

• Creative Materials Inc. (US)

• Applied Ink Solutions (US)

• Vorbeck Materials (US)