The Global Conductive Inks Market was valued at US$ 2,459.7 million in 2015 and is projected to expand at a CAGR of 6.2% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Growing proliferation of printed electronics, smart devices, printed batteries, and increasing application of conductive inks in high-end medical devices and photovoltaic cells are projected to be foremost factors driving the growth of global conductive inks market over the forecast period.
Increasing application of conductive inks in smart packaging, OLEDs, flexible displays, thin film transistors, and smart textiles is projected to surge the demand for conductive inks over the forecast period. Adoption of printed batteries, as they are rechargeable and flexible, is another foremost ongoing development in the printed electronics field, which is simultaneously boosting the demand for conductive inks globally. Photovoltaic, displays, and sensors are some of the prime application areas of conductive inks, which is projected to fuel the market growth. Growing application of conductive inks in logic, energy storage devices, memory, printed circuit boards, and mobile chips is projected to act as a key driver for the market over the forecast period.
Growth in revenue of the global conductive inks market is attributable to growing application in RFID tags and lighting. Increasing use of conductive inks across displays, medical devices, consumer electronics, and automotive is contributing to the positive growth of the market. Major companies are focusing on ink formulations, which primarily addresses the demands of fineline printing, which will further accelerate the growth of conductive inks market.
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Stretchable and flexible electronics as well as smart devices, for example, smartphones, are some of the prime application areas of conductive inks. Silver and copper are the major conductive inks used in various printed electronics owing to their oxidative stability as well as high conductivity. Printed materials for smart fabrics as well as wearable electronics, for instance, health monitoring, communication, and OLED displays is fueling the demand for conductive inks globally. Conductive inks for screen printing are in demand as water-based inks evaporate quickly and the viscosity tends to be low to screen effectively. Research and development activities in the field of conductive inks will also drive the market growth. Growing adoption of different conductive inks for use in advanced medical devices along with sensors and industrial equipment can be considered as a major driver for the market. Moreover, growing demand for miniaturized and efficient electronic devices is also fueling the growth of the market. The high cost of silver conductive inks along with fluctuating nature of prices of conductive inks despite extensive sales and the steady demand is projected to inhibit the growth of the global market over the forecast period. However, demand for conductive inks is being incessantly driven by the introduction of gold-based ink and nickel-based ink. Manufacturers are investing heavily in R&D in order to develop newer products in the conductive inks market, which, in turn, is expected to result in an exponential growth of the market over the forecast period.
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Key Takeaways of the Conductive Inks Market:
- The global Conductive Inks market is estimated to increase at a CAGR of 6.2% over the forecast period (2017–2025) as there exists a huge demanding market especially in Asia Pacific and Europe
- The Silver Conductive Inks dominates the market in the product segment, owing to its increasing application in smart devices
- Photovoltaic is a major application area of Conductive Inks market, as silver conductive inks are widely used in photovoltaic cells, which primarily accelerates the adoption of printed electronics and solar photovoltaic (PV)
- Some of the major players involved in the global Conductive Inks market are E.l. du Pont de Nemours and Company, Henkel AG & Co. KGaA, Vorbeck Materials Corporation Inc., Intrinsiq Materials Inc., Johnson Matthey plc, Heraeus Holding GmbH, Sun Chemical Corporation, Applied Ink Solutions, Creative Materials Inc., and NovaCentrix
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