Conductive Inks Market to capture a valuation of over USD 4.22 billion by 2027. It is also projected that the market size can soar at a rate of 4% from 2020 to 2027 (evaluation period).

Key Boosters and Impediments

Increase in conductive inks market application in consumer electronics combined with the growing requirement for cleaner energy has boosted industry growth in recent years. Conductive inks are expected to replace energy consuming wires and bulky circuits in the upcoming period. Moreover, mounting concerns with regard to escalating carbon emissions have forced government agencies to seek more sustainable alternatives. This could bolster the investment scope as well as the conductive inks market share over the review period.

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Conductive inks market products generally have polymeric conduction compounds and when compared to the traditional copperplate substrates and etching copper, are more cost effective when it comes to setting up advanced conductive traces. Conductive inks are smaller in size, have higher energy efficiency, and are more durable and are therefore, used extensively in portable consumer electronic devices. Conductive ink market demand and application also seem to be increasing in batteries and fuel cells, which can translate into considerable growth in the near future. Besides, the healthcare sector has turned into a promising area of interest, with wearables and sensors being designed to monitor athletic performance and track health status. To cater to the soaring needs of healthcare, conductive ink manufacturers are striving to develop better quality high-tech materials, which can favor the global industry in the years to come.

Research activities are increasingly being conducted by players to come up with lower priced raw materials, including graphene and carbon that have similar characteristics as silver. Top manufacturers and government agencies are working on fostering the conductive inks market production by trying to explore more applications fit for diverse industries. Players in the market ecosystem are also focusing on technological advances to offer a more competitive range of conductive inks to bolster their customer base worldwide. Prominent companies like Henkel offer an extensive array of items that cater to almost every major end-user such as automotive, electronics, and medical & healthcare, helping it to foster business operations while remain ahead of other players in the race.

Renowned Market Participants

The MRFR report has identified a few reputed companies in the Conductive Inks Market, namely Dupont, Vorbeck Materials Corporation, Novacentrix, Henkel AG & Co, Parker Chromerics, Poly-ink, Pchem Associates, Creative Material Inc, Johnson Matthey, Sun Chemical Corporation, among others.

Segmentation

Product type and application are the primary segments that have been covered in the MRFR study, to present a bird’s view of the overall global industry.

Key conductive inks market products include electrically conductive inks, carbon inks, silver conductive inks, copper conductive inks, dielectric inks, and more. Silver conductive inks generate the highest demand among the major end-use sectors and are therefore, the top segment in the global market.

Conductive inks market application is in automotive, consumer electronics, utilities, energy, packaging and more. Automotive is the top application-based segment in the global market, as a result of the surge in technical innovations in windshields, rear window and more that contain conductive ink traces.

Major Regions

North America, APAC/Asia Pacific, along with Europe and RoW/Rest of the World are the main markets for conductive inks worldwide.

APAC can emerge as the biggest as well as the fastest expanding market, as conductive inks are increasingly finding applications in RFID, photovoltaics, membrane switches, displays, automotive, PCB, among others. A growing industrial base, supportive government initiatives, and cheap labor costs are also working in favor of the APAC market. Increasing spending by India and China on setting up of solar photovoltaic systems has fostered the demand for conductive inks as well. A few key macroeconomic factors contributing to market growth can be the burgeoning middle class populace, escalating disposable income, and surge in urbanization. China forms roughly 30% of the worldwide automotive manufacturing and has therefore, emerge as the leading market for conductive inks not only in the region but also globally. Fast-paced industrialization across the region and the rising consumer spending capacity has raised the sales of electronic products, particularly in Indonesia and India. This trend is anticipated to foster the demand for conductive inks in the region over the upcoming period.

North America is a lucrative market, given its stand as a prominent automobile producer in the world and the resultant increase in consumption of conductive inks. Significant disposable income, supreme large-scale production capacity, and impressive product variation are continuously fostering North America’s position in the global market. The US market is a strong one in the region, thanks to the widespread distribution network of a large number of reputed players in the country.

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