According to a report,“Conductive Ink Market Analysis By Product (Conductive Silver Ink, Conductive Copper Ink, Conductive Polymer, Carbon Nanotube Ink, Dielectric Ink, Carbon/Graphene Ink), By Application (Photovoltaic, Membran eSwitches, Displays, Automotives, Smart Packaging/RFID, Biosensors, Printed Circuit Boards) And Segment Forecasts To 2024” , published by Grand View Research, Inc.; The global conductive ink market is expected to reach USD 4.37 billion by 2024. Conductive inks are smaller in size and provide better durability & efficiency as compared to traditional wire circuits.
Factors such as lack of product education, advertisements and information sharing on the part of the manufacturers are expected to critically impact the total market over the forecast period. Researchers and renowned brand owners are trying to overcome these difficulties through the help of media, which is anticipated to create new avenues for industry participants.
Key Takeaways from the report:
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Conductive ink usage in display technology is presumed to grow at an estimated CAGR of 4.1% over the next eight years. This technology is widely used in smart phone innovations and other electronic devices. The increased levels of resolutions coupled with better picture density have resulted in the growth of conductive inks. Silver inks are being widely used in flexible circuitry display devices.
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Asia Pacific emerged as the most dominant regional market and accounted for over70% of total market revenue in 2015. The regional growth can be attributed to the continuous expansion of consumer electronics, printed electronics, and photovoltaic application segment.
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The global conductive ink market is consolidated in nature as a handful number of industry participants holding a major share of the overall market. Industry participants include Polyink, Novacentix, Creative Material, Inc., Sun Chemical Corporation, Voxel 8, and Johnson Matthey Color Technology.
U.S. conductive ink market revenue by product, 2014 – 2024 (USD Million)
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North America Concrete Floor Coatings Market: Construction industry growth in the U.S. post the Great Recession in 2008 – 2009, along with expansion of the domestic aerospace and energy sectors are anticipated to fuel concrete floor coatings demand over the forecast period. Introduction of the “National Infrastructural Plan (NIP)” by the government of Mexico, which is aimed at promoting residential and commercial infrastructure, is likely to augment market growth.
In recent years, silver conductive inks have been widely used for various applications owing to its excellent printability and conductivity. However, high prices coupled with scarce availability have forced the manufacturers to introduce its alternatives, which are relatively less expensive, and exhibits same qualities as silver. Copper-based & graphene-based conductive inks are less costly and free from aggregation & oxidation problems.
Moreover, recent advances are being made by manufacturers to introduce newer formulations containing minimal silver formulations. ABLESTIK ECIV-1001, primarily used in automobile application, is a traditional conductive silver ink which is inexpensive and has less silver content.
Grand View Research has segmented the global conductive ink market on the basis of product, application, and region:
Global Conductive Ink Product Outlook (USD Million, 2014 – 2024)
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Conductive silver ink
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Conductive copper ink
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Conductive Nanotube ink
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Di electric ink
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Carbon/graphene ink
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Conductive polymer
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Others
Global Conductive Ink Application Outlook (USD Million, 2014 – 2024)
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Photovoltaic
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Membrane switches
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Displays
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Smart packaging
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Printed circuit boards
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Biosensors
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Automotives
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Others
Global Conductive Ink Regional Outlook (USD Million, 2014 – 2024)
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North America
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U.S.
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Europe
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Germany
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UK
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France
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Asia Pacific
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China
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India
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Japan
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Central & South America
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Brazil
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Middle East & Africa
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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