The report “Conductive Inks Market by Type (Silver, Copper, Carbon/Graphene, Carbon Nanotube, Conductive Polymer), Application (Photovoltaics, Rfid, Pcb, Membrane Switches, Displays, Bio-Sensors, Thermal Heating), & Region – Global Forecast To 2025″, The conductive inks market is projected to grow from USD 3.0 billion in 2020 to USD 3.7 billion by 2025, at a CAGR of 4.1% during the forecast period. The growth of the market can be attributed to the increasing consumption of conductive inks from various applications such as photovoltaics, RFID, PCB, membrane switches, displays, biosensors, and thermal heating, among others.
Some of the prominent key players are:
- DowDuPont (US)
- Henkel AG & Co. KGaA (Germany)
- Heraeus Holding GmbH (Germany)
- Johnson Matthey (UK)
- Poly-Ink (France)
- Sun Chemical Corporation (US)
- NovaCentrix (US)
- Creative Materials Inc. (US)
- Applied Ink Solutions (US)
- Vorbeck Materials (US)
Opportunity: Development of cheaper alternatives to silver-based conductive inks
There is a need for more economical alternatives to silver-based conductive inks owing to the rising prices of silver. Graphene-based conductive inks have come up as an alternative. Graphene is a single layer of carbon atoms and is the most conductive form of carbon. It can provide mechanical flexibility and high performance at a low cost and can help in protecting metals from corrosion. Graphene-based conductive inks can be used in complex device to achieve high conductivity even at intricate levels.
The silver conductive inks segment is projected to account for the largest share during the forecast period.
The silver conductive inks segment is projected to account for the largest market share, in terms of value, during the forecast period. Apart from being a good conductor, silver offers a conductive native oxide layer, which usually forms on the surface, unlike other metals. With advancing technological advancements, conductive silver inks are compatible with almost every printing technique, such as inkjet, screen, gravure, and flexography. The various properties, which make silver a suitable candidate for the manufacturing e of conductive inks include strength, corrosion resistance, and unaffected by moisture resistance.
APAC conductive inks market is projected to account for the largest market share during the forecast period.
APAC is estimated to be the leading conductive inks market. The growth in the region can be attributed to the growing demand for conductive inks from various applications such as photovoltaics, RFID, PCB, membrane switches, displays, bio-sensors, thermal heating, and others. The growth of these end-uses is expected to consequently drive the demand for conductive inks.