With the exceptional ability to create circuits on paper or textiles, Conductive Ink is a technology composed of conductive organic polymers in solvents or metallic particles suspended in binders. Altogether the ink consists of carbon or silver particles that offer conductivity throughout the drawn circuits.
When compared to conventional industrial standards like etching copper from copper-plated substrates to form the same conductive traces on relevant substrates, these inks have emerged as technologically advanced & more cost-effective solutions in electronics.
The Global Conductive Inks Market is projected to grow at a CAGR of around 4.2% during the forecast period, i.e., 2022-27. The market is driven by the growing adoption of electronics by people, backed by the improving economic conditions and the swift expansion of the electronic industry, introducing new appliances & devices for greater convenience for the users.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Regions Covered||North America: The US, Canada, Mexico|
|South America: Brazil, Rest of South America|
|Europe: Germany, The UK, France, Spain, Russia, Italy, Rest of Europe|
|Asia-Pacific: China, Japan, India, South Korea, Rest of Asia Pacific|
|Middle East & Africa: Saudi Arabia, South Africa, Rest of Middle East & Africa|
|Key Companies Profiled||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|
|Unit Denominations||USD Million/Billion|
It, in turn, is augmenting the demand for conductive inks for printed & flexible electronics in various applications. These areas of application range from healthcare, automotive, packaging, consumer electronics, industrial, & displays, among other industries, where conductive inks, such as carbon nanotube inks, silver nanoparticle inks, silver inks, and silver flakes, among others, are widely used.
As a result, the demand for conductive ink is swinging globally and generating growth opportunities for the leading players to increase their production & distribution capacities and cater to the rising needs worldwide. Moreover, rising disposable incomes & improved government finances encouraging the adoption of energy-efficient electronic devices are also boosting the utilization of conductive inks. In addition, the growing government focus on infrastructural development with the integration of electronic devices is also backing the market growth.
The governments of different countries are engaged in various Public-Private Partnerships (PPPs) to advance the country's automotive & electronics industries and are on offering reasonably priced contemporary electronics, pushing the industry growth through 2027.
Based on Type:
Among all, Silver Ink is anticipated to dominate the Global Conductive Inks Market with the largest share during the forecast period. It owes principally to the high conductivity & exceptional oxidation stability of silver, driving its utilization in the electronics sector among all metals.
Besides, with the growing utilization of Radio-Frequency Identification (RFID) tags, the utilization of silver conductive inks is gaining substantial demand for printing and contributing to the market growth. Moreover, other applications like printed circuit board repairs are also propelling the demand for silver inks with outstanding creasing resistance & flexibility and fueling the market expansion.
On the other hand, since the overall price of silver inks is higher, the demand for affordable alternatives like Graphene inks is also gaining momentum and contributing substantially to the overall market growth. Since graphene is one of the most conductive forms & composes a single layer of carbon atoms, it can help in preventing corrosion of metals & offer mechanical flexibility with enhanced performance at a reasonable cost.
Based on Application:
Among all, RFID is anticipated to dominate the Global Conductive Inks Market with the largest share during the forecast period. It owes principally to the growing procurement of different smart cards, credit & debit cards, passports, and other prominent documents, propelling the need for conductive inks especially printing details. Hence, RFID is amongst the prominent consumers of conductive inks in the industry.
Besides, since conductive inks have high criteria for adhesion, flexibility, & compatibility, it is used for a variety of RFID applications. These products are also used for sending & receiving radio frequencies. Furthermore, printing RFID chips using conductive inks has several advantages, like size reduction & faster production, enabling lowers production costs. Hence, its application in RFID technology is contributing substantially to the market expansion through 2027. s.
On the geographical front, the Global Conductive Inks Market expand across:
Here, Asia-Pacific dominated the market with the largest share in recent years and is anticipated to prevail in the same trend during the forecast years. This dominance attributes principally to the massive electronic & automotive industries across different countries like China, India, and Japan, among others, in the region, augmenting the demand for conductive inks.
The same aspect is also generating growth opportunities for the leading players to increase their production & distribution capabilities to cater to the burgeoning demands across the region. Besides, the active participation of the leading players through the establishment of manufacturing facilities across countries is also demonstrating a firm growth of the conductive ink industry in Asia-Pacific through 2027.
Although silver is an excellent conductor, yet is expensive ricing might restrain the fledged growth of the conductive inks market, owing to the absence of affordable alternatives like graphene, copper, carbon, & aluminum, among others. Hence, despite the benefits of silver, there hasn't been much of a push toward using nano silver inks. Furthermore, the lack of chemical compatibility with the majority of polymers required for mechanical endurance is another prominent aspect that might hamper the growth of the Global Conductive Inks Market in the future.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Conductive Inks Market is projected to grow at a CAGR of around 4.2% during 2022-27.
A. The widespread inclination toward lightweight devices are the driving factor for Conductive Inks Market. Whereas, the price volatility of substances used in making the conductive ink, especially silver, is the restraining factor.
A. The RFID application is anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Conductive Inks Market during the forecast period.