The worldwide market for non-conductive inks is estimated to be worth $ 402 million in 2020 and is predicted to reach $ 561 million in 2025, with a CAGR of 7.2% over the foreseen period. The call for non-conductive inks is mainly due to its escalating call for printed circuits. The worldwide market for non-conductive inks is predicted to grow at a significant rate during the foreseen period, driven by the boom in the electronics and electrical industry. Non-conductive inks are printable inks, broadly employed in printed electronics and displays. Conductive ink is ink that produces a printed object powered by electricity. It is usually created by infusing ink with graphite or other conductive materials.
Market drivers and restraints:
The worldwide industry for non-conductive inks is predicted to grow steadily in the coming years. This is mainly due to the escalating application of PCB panels in medical devices, automotive, aerospace and consumer electronics. Apart from this, the escalating use of electronic devices such as sensors, solar panels, touch screens, antennas, potentiometers and PCBs is another factor that is predicted to fuel the expansion of the non-conductive ink industry. This is mainly due to the fact that non-conductive inks are the main component for the manufacture of these devices. However, the emergence of several cheaper and multi-specialty substitutes for non-conductive inks are factors that are predicted to hamper the expansion of the non-conductive industry in the coming years. In addition, to overcome restrictive factors, non-conductive product industry players focus on improving functionality and accuracy to expand their application in a logical evolution in the healthcare and medical device industry. Furthermore, the escalating application of non-conductive inks in the packaging industry is another factor that is predicted to lead to an increase in their call due to the unprecedented expansion of the packaging industry. The expansion of the industry for non-conductive inks is majorly owing to the escalated employment of glass substrates in the electronics industry, where they are broadly employed in displays and photovoltaics. Furthermore, the boom in the electrical and electronics industry is predicted to stimulate call for non-conductive inks. During the foreseen period, the panel section containing PCB is predicted to increase at the highest CAGR in value terms. Additionally, the escalating use of printed circuit boards in medical devices, consumer electronics, automotive, aerospace, and lighting applications. The expansion of these industries is predicted to drive the industry for non-conductive inks. The growing electrical and electronics industry is also predicted to drive call for non-conductive inks in this segment.
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Report segmented as:
By substrate:
• Glass
• Ceramic
• Acrylic
By application:
• PCB Panels
• PV Panels
• LED Packaging
Geographical analysis:
The Asia Pacific non-conductive ink industry is predicted to record the highest CAGR during the foreseen period, in terms of value. China, India and Japan are the main consumers of non-conductive ink in the APAC region. Based on geography, Asia-Pacific is predicted to have the highest industry share for non-conductive inks during the foreseen period. This is attributed to factors such as the growing call for non-conductive inks in the region. They are widely employed in the manufacture of PCB panels, photovoltaic panels and the presence of a strong industrial base in countries such as China and India offers a favorable profit for the non-conductive ink industry for times to come.
Important market players:
DowDuPont (US), Henkel AG & Co. KGaA (Germany), Teikoku Printing Inks Mfg. Co., Ltd (Japan), Applied Cavitation Incorporated (US), Poly-Ink (France), Sun Chemical Corporation (US), NovaCentrix (US), Creative Materials Inc. (US), Applied Ink Solutions (US), and Vorbeck Materials (US), are the dominating manufacturers of non-conductive ink worldwide.
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