North America Conductive Inks Market

The North America Conductive Inks Market Size (2023-2028)

North America Conductive inks Market is expected to progress at a CAGR of about 4% in the outlook period of 2023-2028

Drivers and Restraints of the North America Conductive Inks Market

Increased usage of lightweight material in Industries as per government norms is one of the driving forces for the growth of the Conductive inks market in North America and throughout the globe. Consumers prefer small and lightweight gadgets, which triggers the call for conductive ink. Products using conductive ink are comparatively easier to handle than their heavyweight counterparts.

Compared to conductive inks, carbon inks are preferred because of their low cost. This is mainly because of the fact that conductive inks use silver which is costly. On top of this, graphene-based conductive inks have not matured to be fully operational in the market. These factors hinder the growth of the North American conductive inks industry in this area.

The North America Conductive Inks Market Segmentation:

On the basis of Type

• Silver Flake

• Dielectric

• Silver Nanoparticle

• Copper Flake

• Carbon Nanoparticle

• Carbon/Graphene

On the basis of the Application

• Displays

• Membrane Switches

• RFID

• Photovoltaic

• Automotive

The RFID segment is expected to register the highest CAGR during the period between 2020 and 2025. Conductive ink has been widely used in the RFID industry for printing chips that have several benefits including a reduction in size and more efficient performance. The electronics market has been growing rapidly in the North American region and conductive ink is gaining popularity because of its lightweight and ease of handling. Therefore, this segment is anticipated to develop with a notable CAGR. The photovoltaic market has tremendously grown in the past few years and it has triggered high demand for the conductive ink industry in North America.

North America Conductive Inks Market Regional Analysis:

The USA has been the leading producer of conductive ink in the North American region owing to its vast production capabilities and strong economy.  Tremendous efforts are being made to popularise conductive ink over conventional carbon-based inks. Photovoltaic systems are gaining popularity and touch screens have become a norm. Canada is also a prominent area in North America that is estimated to develop with a considerable growth rate in the future.

Impact of COVID-19 on the North America Conductive Inks Market:

• The North American Conductive Inks market includes major suppliers like DowDuPont, Henkel AG & Co. KGaA, Heraeus Holding GmbH, Johnson Matthey, Poly-Ink, Sun Chemical Corporation, and NovaCentrix. These companies have their manufacturing facilities spread across various countries and different regions, despite this COVID-19 has impacted their businesses and caused a disruption in the supply chain.

• These market players have recently suspended their production units because of the declined demand, and supply chain disruptions, and to ensure the safety of their workforce across the world during the coronavirus pandemic. As a consequence, the demand for Conductive inks has declined in 2020. Recovery in the segment consisting of silver ink is expected to start post-2021.

Key Players:

• Sun Chemical Corporation.
• Create Materials Inc.
• Vorbeck Materials
• Poly Ink
• Mineral Technologies