Global Conductive Inks Market: Grow with a High CAGR- Global Industry Analysis, Key Manufacturers, Trends, Size, and Forecast: 2022-2031￼￼
The global conductive inks market stood at USD 3,213.1 million in 2022, and is expected to reach USD 4,496.7 million by 2031, while growing at a CAGR of 4.6% over the forecast period. The growth can be primarily attributed to the growing demand for efficiency and miniaturization of devices. Also, the emerging applications for conductive inks such as fuel cells, EMI shielding, electronic textiles, and medical devices, among others is expected to fuel the growth of conductive inks market.
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Rising consumption of solar based panels across the globe coupled with increasing research & development in nanomaterials is projected to fuel the market demand. Also, significant upsurge of technological advancements in the healthcare industry is likely to have a positive impact on market growth. As a result, the medical device manufacturers are primarily focusing towards the improvement of functionality and precision of devices.
Conductive inks may be defined as electrically conductive, printable inks that are widely used in printed electronic industry in order to produce printed circuits, RFID tags, organic light emitting diodes and battery test stripes, among others. It is generally created by infusing graphite or other conductive materials into ink. These inks are mainly comprised of metallic particles such as copper and silver along with other conductive components such as carbon and graphite.
In addition, conductive inks are flexible, lightweight and have lower costs, making them highly suitable for diverse applications. Resins are used to disperse the conductive particles so as to provide the mechanical & adhesive properties. Further, solvents are added in order to dissolve the resins as well as to control the rheological properties of the ink. Also, conductive inks are increasingly being used as an alternate for traditional wire circuits due to better energy efficiency and durability.
Silver based conductive inks accounted for the major share of the market as they are flexible, offer excellent conductivity and thermal stability. Further, nanoparticles based conductive ink is an emerging technology owing to its high conductive properties along with nano dimension control of shape, size and particle distribution. Moreover, these inks can also be customized according to the printing substrate & technology used.
However, volatility in the prices of silver is likely to hinder the market growth over the forecast period. As a result, research and development activities are underway in order to develop cheaper raw materials with similar properties.
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Automotive industry is set to offer significant opportunities during the forecast period
Conductive inks find their use across a diverse range of applications such as photovoltaics, automotive, printed circuit boards, thermal heating, membrane switches, and bio-sensors, among others. The automotive segment is likely to hold a significant share of the conductive inks market over the next seven years. Increasing use of conductive inks in airbag deployers, seat belt buttons, window demisters and other automotive applications has fostered the segment growth. Moreover, their application has been extended to heaters, touch screens, as well as seat occupancy sensors of automobiles.
Conductive inks market – Regional insight
Asia-Pacific dominated the global conductive inks market in 2018, and is expected to continue its dominance over the next seven years. The aforementioned growth can be primarily attributed to rapid industrialization along with the presence of key manufacturers in the region. Furthermore, the increasing investment in photovoltaics in the key markets of China and India is projected to propel the market growth over the forecast period.
The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the conductive inks market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
Finalizing the overall size and share for the global market
The years used for the assessment are as follows;
Historical year : 2015, 2016 and 2017
Base year : 2018
Forecast period: 2022-2031
To classify global conductive inks market into segments on the basis of type, application, and region to analyze their growth prospects individually
To analyze market trends, opportunities, drivers and restraints associated with conductive inks
Profiling key companies operating in the global market
To study market response with respect to the mergers and acquisitions in the industry.
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