Market Overview
The conductive inks market 2020 should touch a valuation of over USD 4.22 billion by 2022, reveals MRFR (Market Research Future). MRFR adds that the market size could expand at a rate of 4% between 2014 and 2022 (analysis period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Key Boosters and Main Barriers
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.
Researches 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. Product development and new launches are the key strategies employed by firms to capture a larger share in the global industry. A case in point, in May 2020, Creative Materials Inc launched a cost effective gold conductive ink called CMI’s 128-24 that helps optimize the efficiency of gold to facilitate conductivity. The new conductive ink has excellent adhesion to glass, polyester, polyimide, as well as various high-energy smooth surfaces.
Market 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 observe the highest demand and therefore, are in the lead 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.
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Conductive Inks Market Key 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.
North America is a strong contender in the global 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.
Affluent Market Firms
Affluent market firms analyzed in the MRFR report include Pchem Associates, Dupont, Poly-ink, Vorbeck Materials Corporation, Johnson Matthey, Novacentrix, Henkel AG & Co, Parker Chromerics, Sun Chemical Corporation, Creative Material Inc, to mention a few.
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