Conductive Inks Market: Key Insights
According to our latest market study on “Conductive Inks Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Silver Conductive Ink, Carbon Conductive Ink, Polymer Conductive Ink, Copper Conductive Ink, and Others) and Application (Solar Panels, Touch Screens, Membrane Switches, Medical Devices, Printed Circuit Boards, Sensors, Heating Elements, Radio Frequency Identification, Cell Phone Antennas, Automotive, and Others),” the market is expected to grow from US$ 3,565.80 million in 2021 to US$ 5,119.80 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2022 to 2028.
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Governments across the world have enacted environmental restrictions to encourage industries to replace heavy materials in devices with modern lightweight materials. In addition, consumer desire for tiny and lightweight electronics has pushed the consumer electronics industry to miniaturize its products. Moreover, rapidly increasing IoT based application, increasing miniaturization trend are driving the demand for conductive ink. The rapidly increasing usage of smartphones and connected devices propels the need for smaller and lighter sensors with low-power requirements and enhanced performance, which stimulates the demand for miniaturization.
Conductive inks are efficient, effective, and reliable. They are extensively utilized to improve efficiency and reduce the weight of electronic components by replacing traditional wire and circuit arrangements. Conductive inks have various advantages, such as reduced material density, low component weight, and easy handling. As a result, the adoption of conductive inks increases to improve the quality and quantity of small and efficient electronics.
China dominates the entire value chain of the global electronics manufacturing business and is heavily investing in new techniques to create miniaturized electronics products rapidly. Thus, the growing demand for minimizing space that are required in smartphones, wearables, and other gadgets will boost the miniaturization trend and rise the demand for efficient electronic devices bolsters the conductive inks market growth.
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Growing Installation of Solar Panels Propels Conductive Inks Market Growth
The increasing energy demands necessitates utilizing alternative energy sources. As a result, renewable energy sources, especially solar energy, are now being used to generate electricity. The increasing uptake of solar energy for electricity generation is expected to drive the demand for solar-based technology and increase solar panel deployment in the years to come. That will create an opportunity for the conductive inks marketin the photovoltaic application. Using inkjet printing, conductive ink makes printed organic photovoltaic solar cell panels on very thin, flexible surfaces. The solar (photovoltaic) sector has been under substantial pressure to cut raw material costs and boost production efficiency to compete with existing grid power systems. In this case, conductive inks are a potential solution for the industry, thus driving the conductive inks market.
Conductive Inks Market: Competitive Landscape and Key Developments
Applied Ink Solutions; DuPont DE Nemours, Inc.; Henkel AG and CO. KGAA; Inkron OY; Inktec; Heraeus; Novacentrix; POLY-INK; Merck KGAA; and Vorbeck Materials Corporation are among the major companies operating in the conductive inks market players.
Players operating in the conductive inks market are mainly focused on the development of advanced and efficient products.
- In 2022, DuPont Microcircuit and Component Materials business announced the launch of 5881, a new Silver/Silver Chloride conductive ink/paste for healthcare applications.
- In 2021, DuPont announced that it has successfully completed the acquisition of Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions.
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