The Global Conductive Inks Market is projected to grow at a CAGR of 4.2% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The market is driven by the rapid urbanization & increasing purchasing power of people, backed by the improving economic status, demonstrating a rise in the sales of electronics & automotive across geographies. With such an upsurge in the demand for electronics, the overall electrical industry is expanding substantially and directly influencing the demand for conductive inks to exercise benefits from advanced & compact technologies.
Besides, with the growing focus of the governments on curbing the massive carbon emission, the production & sales of electric vehicles are also escalating globally, and in turn, stimulating the demand for conductive inks. In fact, even the governments are encouraging the sales of these vehicles and laying out favorable policies, incentives, and taxes.
Since people's inclination toward lightweight material is scaling up these days, the need for conductive ink is also moving parallel. With a wide variety of applications in automotive, healthcare, packaging, consumer electronics, and displays, the demand for conductive ink has swiftly hiked in recent years as these applications use prixnted and flexible electronics.
However, due to the higher cost associated with the application of conductive ink, there appears need for an affordable and long-lasting alternative to meet the rising demands worldwide in the global Conductive Inks Market, further states the research report, “Global Conductive Inks Market Analysis, 2022.”
Wide Application of RFID to Fuel the Demand for Conductive Inks
Based on the Application, RFID is anticipated to acquire the largest share of the Global Conductive Inks Market during the forecast period. It owes principally to the growing utilization of RFID technology in various sectors like banking & finance, and crucial documents, among others, in the form of credit & debit cards, passports, & smart cards, among others.
It, in turn, is augmenting the demand for conductive inks to print special characters. As the prevalence of RFID is becoming indispensable nowadays, it is likely to make a direct & positive influence on the demand for conductive ink and drive the overall market during the forecast period.
Besides, since RFID chips exhibit several benefits in terms of compact size & faster production, alongside excellent flexibility, adhesion & compatibility, more and more consumers are showing an inclination toward using RFID for diverse applications in the electronics & communication industry. Hence, the same aspect shall contribute to the market expansion during the forecast period.
Wide Electronic Industry across Asia-Pacific to Augment the Market Growth
Geographically, Asia-Pacific is anticipated to acquire the largest share in the Global Conductive Inks Market during the forecast period. It owes principally to the massive electronic & automotive industry across different countries like China, India, and Japan, among others, in the region.
It, in turn, is augmenting the demand for conductive inks and generating lucrative opportunities for the leading players to increase their production & distribution capacities to cater to the burgeoning needs throughout the region.
The leading players in the Global Conductive Inks Market are Creative Materials, Inc., DuPont, Applied Nanotech Holdings, Inc., Engineered Materials Systems, Epoxies, Fujikura Ltd., Henkel Ag & Co. KgaA, Heraeus Holding, Johnson Matthey, Methode Electronics, Nagase America Corporation, Novacentrix, Poly-Ink, PPG Industries, Inc., PChem Associates, Inc., Sun Chemical Corporation, Vorbeck Materials Corp., and Voxel8.
Key Questions Answered in the Research Report