Scope of Conductive Ink Market
Market Research Future (MRFR) studied the global Conductive Ink Market Size for the analysis period till 2022. As per MRFR study, the conductive inks market is expected to rise at 4% CAGR in the analysis period (2014 to 2027). By 2027, the global conductive inks market is expected to value USD 4.22 Bn.
Market Drivers and Restrains
The surge in application of conductive inks in the electronics sectors as the demand for consumer electronic offering cleaner energy is observed to surge can favor the conductive ink market upsurge in the near tenure. The rapid replacement of bulky circuits with energy consuming wires by conductive ink can is also expected to prompt the conductive ink market growth in the analysis tenure. The surge in concerns regarding the high emission of carbon dioxide that is threatening the environment by several government agencies and the paradigm shift towards alternatives with low carbon benefits can favor the market upsurge in the near future. The surge in investment opportunities for solar photovoltaic systems is expected to augment the demand for conductive ink product, thus can favor the market in the forecast term.
The large-scale application of conductive silver ink due to owing to its high printability and thermal conductivity can underpin the market in the near future. On the contrary, producers are alternatives for silver owing to its high scarcity and cost and are adopting inexpensive metals exhibiting better electrical conductivity which is identified as a good replacement for silver. Thus, some conductive inks containing polymeric conduction compounds offer better economic benefits over inks with traditional standards, such as; copper plate substrates and etching copper. The availability of economical means to set up the modern conductive traces is another major growth inducer of the conductive ink market owing to surge in demand for miniaturized and efficient consumer electronics.
Segment Analysis of Conductive Inks Market
The segment study of the conductive inks market is based on product type and application. The product type-based segments of the conductive inks market are electrically conductive inks, silver conductive inks, carbon inks, and dielectric inks, copper conductive inks among others. The application-based segments of the conductive inks market are consumer electronics, energy, automotive, packaging, and utilities among others.
The growing adoption of conductive inks are a substitute for traditional wire circuits owing to their properties, such as; better energy efficiency, smaller size, and better durability, can support the market rise in the near future. Furthermore, these products are highly reliability, durability, and offer energy efficiency in portable devices. Conductive ink is also used in batteries and fuel cells that is expected to support the market rise in the projected period. The increase in the undertaking of research initiatives to introduce methods for developing cheaper raw material types, such as; graphene and carbon, that exhibit similar properties as silver can prompt market upsurge in the foreseeable future. The availability of both reputed manufacturers and government to unlock potential applications of conductive inks is another factor that is anticipated to add momentum to the global conductive ink market expansion in the evaluation period.
Regional Assessment of Conductive Inks Market
In North America, the conductive inks market is expected to drive the market over the review period till 2027. The surge in demand for sensors, touch screen, biosensors, RFID, and PCBs (Printed Circuit Board), along with increase in installation of solar panels can promote the market rise in the near future. The increase adoption of RFID technology in a wide a variety of devices, such as; credit cards, passports, and smart cards among other due to high adhesion, compatibility, and flexibility, advantages can prompt the regional market upsurge. The conductive ink market expansion in the conductive inks can be attributed to the rise in demand for RFID products that are capable of transmitting and receiving radio waves of specific frequencies. In Asia Pacific, the conductive inks market is likely to garner the highest revenue by 2027. The surge in the utility of carbon inks, copper conductive inks, and dielectric inks among others can benefit APAC market in the years ahead.
Conductive Inks Market Key Vendors
Henkel AG & Co, Parker Chromerics, Dupont, Sun Chemical Corporation,Poly-ink, Johnson Matthey, Creative Material Inc, Pchem Associates, Novacentrix, and Vorbeck Materials Corporation are some top-notch companies in the conductive inks market that are listed by MRFR in the report.
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