Global Conductive Inks Market: Snapshot
The global conductive inks market is competitive with players banking upon price differentiation and product innovation to gain a strong foothold in the market. The big players in the market are pouring in substantial amounts to come up with better products.
The growing proliferation of printed electronics across several industries is at the forefront driving growth of the conductive inks market. Besides this, demand for technically sound, efficient and miniaturized devices for operational efficiency is fuelling the application of conductive inks globally, which in turn is having a positive influence on the growth of this market.
According to a report by Transparency Market Research, the global conductive inks market pegged an opportunity of US$2,340.0 mn in 2016 and is anticipated to be worth US$4,275.4 mn by 2025 rising at a CAGR of 6.9% between 2017 and 2025.
Silver Conductive Inks Type Segment Leads Market
The global conductive inks market based upon type is classified into silver conductive inks, copper inductive inks, conductive polymers, conductive nanotube ink, graphene/carbon ink, and others. Of them, the segment of silver conductive inks led the market in 2016 mainly due to standard formulations of silver conductive inks and their large-scale applications in energy, medical, and consumer electronics industry.
The segments of the global conductive inks market depending upon application are photovoltaic cells, displays, RFID, printed circuit board, biosensors, and others. Among these, displays and photovoltaic cell segments accounted for the leading market share in 2016 in terms of value. The segment is anticipated to hold on to its dominant position in the upcoming years.
Rising Consumer Electronics Industry Makes Asia Pacific Leader
The key regional segments into which the global conductive inks market is divided are North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Asia Pacific led amongst other key regional segments in 2016 accounting for more than 47% of market share. China is the leading contributor to this regional market followed by Japan and India. Of the several growth drivers in the region, the ceaseless penetration of consumer electronics is a prominent one.
Europe stood as the second-leading segment in the global conductive inks market in 2016 revenue-wise. In Europe, Germany, Italy, and the U.K. are leading contributors to the conductive inks market. The growth of this regional market is mainly driven by rising demand for printed electronics and deployment of advanced technology along with RFID tags in the manufacture of a range of film displays.
The U.S. drives the growth of conductive inks market in North America. The increasing use of photovoltaic cells in the renewable energy sector is one of the primary drivers stoking growth of conductive inks market in North America.
In the Middle East and Africa, growth of the consumer electronics industry is the key factor driving the conductive inks market. Moreover, increasing use of automatic identification and data capture systems like RFID devices, barcode scanners, and handheld scanners in retail and transportation sectors is having a positive impact on the conductive inks market.
In South America, Brazil is the leading domestic market for conductive inks. The increased focus of electricity companies to tap the solar energy for solar power is driving the installation of solar energy systems. This, in turn is aiding growth of the conductive inks market as photovoltaic cells is a key application area where conductive inks is used.
Key players operating in the global conductive inks market profiled in this report are Henkel AG & Co. KGaA, E.l. du Pont de Nemours and Company, NovaCentrix, Vorbeck Materials Corporation Inc., Heraeus Holding GmbH, Intrinsiq Materials Inc., Johnson Matthey plc, Sun Chemical Corporation, Creative Materials Inc., and Applied Ink Solutions among others.
Strides in Conductive Inks Market to Challenge Numerous Conventional Ink Solutions in End-use Industries
The conductive inks market has come a long, but not close enough for widespread commercial use of the products. Perhaps, the most striking impetus came from the urge to make textiles and wearable more functional. Conductive inks are characterized by the use of elements, increasingly metals and graphite, in flakes or powders to induce electrical conduction property. The conductive inks market has opened avenue for the use of new printing methods and the use of new conducting materials with the objective of meeting customized needs of various end-use industries. Thus, they are being increasingly used in RFID tags, automotive glass, wearable electronics, power and 3D printed electronics, and biosensors. The array of applications particularly in the electrical and electronics industry has rapidly expanded over the past few years, propelling the expansion in the conductive inks market. The adoption of nanotechnologies and the use of nanoparticles have influenced the product development initiatives of companies in the market. One area where conductive inks show a vast potential is in microchip fabrication. However, the aim of meeting the required conductivity may fall short of the expectation, which has hindered the commercial use of conductive inks to etch out electrical circuits.
The COVID-19 pandemic has triggered wide-ranging impacts on the business models used by businesses in the various chemical manufacturing industries. The entire state of the chemical sector in the developing world had undergone sea change over a span of only few months in 2020. For one, the pandemic and the government-imposed lockdowns have raised the level of scepticism for stakeholders, particularly investors. The crisis has surprisingly attracted some unconventional competitors who had been looking to consolidate their stakes in raw materials sourcing for the chemical manufacturing. These trends also have shaped the dynamics in the conductive inks market. Well-entrenched players in the market might further pin their hopes on attracting investors by adopting environmentally sustainable production processes.
Global Conductive Inks Market: Overview
Conductive ink is applied on an object which primarily conducts electricity. . Conductive inks for printed and flexible electronics are one of the prime materials. Growing proliferation of printed electronics in different industries is one of the major driving factors for the market. Printed electronics can be used in a wide range of applications which include organic photovoltaic cells (OPVs), and organic light emitting diodes (OLEDs) among others. With technological advancement, different sort of nano-patterning methods have been developed for instance nano-imprinting and nano-contact printing to improve light extraction from OLEDs which is also contributing on the positive development of the conductive inks market. Rising demand for barcode and RFID scanner is influencing the growth conductive inks market globally. With increasing technological advancement conductive inks are adopted extensively across various digital cameras, smart phones, laptops and various AIDC devices among others. Growing application of printed circuit boards, circuits, antennas, biosensors, sensors, printed heaters, touch screens and touch switches in different industries are also acting as a major driving factor for the conductive inks globally. Grooming demand for smaller compact devices in semiconductor industry as well as advanced consumer electronics is increasing the application of conductive inks in order to replace the bulky, heavy, energy-consuming wires. Technological developments are a major driver of the conductive inks market in different developing countries. Increasing application of RFID tags in different industries along with rising demand for printed circuit boards in different equipment is acting as a major driver for the conductive inks market globally.
Global Conductive Inks Market: Market Segmentation
Based on type, the market conductive inks has been segmented into the market for conductive inks has been segmented into silver conductive inks, copper conductive inks, conductive polymers, conductive nanotube ink, and graphene / carbon ink among others. On the basis of application, the market has been segmented into the market for conductive inks have been segmented into photovoltaic cells, displays, RFID (radio frequency identification), printed circuit board, and biosensors among others. By geography, the market is segmented into Asia Pacific, Europe, North America, South America and Middle-East & Africa (MEA). By revenue, Asia Pacific accounted for the largest share in the conductive inks market in 2016.
Global Conductive Inks Market: Scope of Study
The key players in the conductive inks market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies adopted by these major players and their recent developments in the field of conductive inks. Further, the report includes the market attractiveness analysis of different type and application of the conductive inks.
The report also offers assessment of different drivers that is impacting the global market, along with the restraints and opportunities that has also been covered under the scope of this research. For each segment (such as type, and application), market dynamics analysis has been provided. All these factors help in determining different trends that has been impacting the overall market growth. Moreover, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of conductive inks market along with the overall assessment for the forecast period of 2017-2025 has been also been provided within this report. Moreover, the report includes the patents analysis is also included in the scope of the research.
Global Conductive Inks Market: Competitive Landscape
Some of the leading players in the conductive inks market are E. I. du Pont de Nemours and Company (The U.S.), Henkel AG & Co. KGaA (Germany), NovaCentrix (The U.S.), Vorbeck Materials Corporation, Inc. (The U.S.), Intrinsiq Materials, Inc. (The U.S.), Heraeus Holding GmbH (Germany), Johnson Matthey PLC (The U.K.), Sun Chemical Corporation (The U.S.), Creative Materials Inc. (The U.S.) and Applied Ink Solutions (The U.S.) among others.
The global conductive inks market has been segmented as follows:
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