CONDUCTIVE INKS MARKET ANALYSIS

Global conductive inks market is estimated to be valued at US$ 3,253.3 Million in 2022 and is expected to exhibit a CAGR of 6.87% during the forecast period and expected to reach at US$ 5,536.1 Million (2023-2030).

Conductive ink produced by infusing graphite and other conductive materials into ink. Conductive inks comprise silver, graphite, carbon, or any other precious metal coated base material. Conductive inks can be applied in different ways including flexographic, screen print, spray, dip, stencil print, and syringe dispense, among others. Growing usage of conductive inks in OLEDs(Organic Light Emitting Diode)  smart packaging, flexible displays, thin film transistors, and smart textiles is projected to surge the demand for conductive inks over the forecast period. Recent advancements in the printed electronics sector has enabled conductive inks application in electronic and medical devices, and this is projected to drive the market growth over the forecast period. Conductive inks are widely used in flexible displays, smart lighting, RFID (Radio Frequency Identification) tags, and others. Rising demand for miniaturized and efficient electronic devices is fueling the market growth. Smart devices, touch screens, printed batteries, and printed sensors are some of the major application areas of conductive inks, and is expected to boost the global market growth

Global Conductive Inks Market-Market Trends

Innovations in Conductive Polymer Inks

Demand for printed electronics increased and due to this it is expected to emphasize innovations in conductive polymer inks. This development paves the way for innovative conductive inks for printed electronics that are highly energy efficient. Newly developed conductive polymer would enable the development and increase in production of flexible electronic devices.

Figure 1. Global Conductive Inks Market Share, By Application, 2022 (%)

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Photovoltaic segment based on application accounted for the highest demand in the conductive inks market and it has highest market share in conductive inks market. Displays and sensors has great demand in conductive Inks market due to its applications in various sectors.

Figure 2. Global Conductive Inks Market Share, By Region, 2022 (%)

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The market in Asia Pacific is projected to gain traction over the forecast period due to increasing application of conductive inks in smart devices, touch screens, sensors, and others in China and Japan.

Europe has second largest market share in conductive inks market followed by North America, Latin America, Middle East and Africa.

Global Conductive Inks Market-Drivers

Growing demand for miniaturized and efficient electronic devices

Conductive inks are used in printed electronics for better electric conductivity. Silver conductive inks are applied to Photovoltaic cells and membrane switches, and this is the prime trend in the global conductive inks market. Consumer goods is a key application industry of conductive inks such as smart packaging and it  contributes to the market growth. Moreover, conductive inks has application in printed circuit boards and biosensors. Increasing adoption of diverse conductive inks in cutting-edge medical devices along with sensors and industrial equipment is considered as a key driver for the market. For instance, medical device market is expected to at the rate of 20.4% during forecast period by coherent market insights.

Significant application of conductive inks in advanced medical sensors

Global market for conductive inks is gaining traction due to increasing rate of commercialization of printed electronics in emerging economies along with rising consumption of smart devices, miniaturized devices, and printed batteries. For instance, Printed electronics market is expected to reach at US$ 55, 566.5 million by 2030 by coherent market insights. Growing usage of conductive inks in medical sector such as in medical sensors and other devices is expected to surge the demand for conductive inks. Product innovation through research and development activities is one of the major approaches adopted by key market players to strengthen their market presence. Launches of novel products such as gold, aluminium, and nickel based conductive inks is expected to bolster the market growth.

Global Conductive Inks Market-Restraint

High Cost of Silver Conductive Inks

One of the most common metal used in electronic industry is silver due to its high conductivity. However, fluctuation of silver prices created shift toward low cost conductivity metal such as copper, carbon, and grapheme. However, high cost of silver conductive inks, and fluctuating prices of conductive inks is expected to hinder the market growth.

Global Conductive Inks Market- Covid-19 Analysis

Covid-19 has direct effect on supply chain in conductive inks market. Supply chain was in total crisis and manufacturer and producers were not able to get required material from supply chain and therefore, they were not able to continue with production process.

Lockdown was imposed all over the globe and due to this production process was at its low. During Covid-19, major players witnessed decreased production due to lowered demand of conductive inks. Due to lockdown, across the globe, the demand for conductive inks decreased  in 2020.

Global Conductive Inks Market- Recent Development:

In February 2022, Henkel Adhesive Technologies India Private Limited, it is the leading solution provider for adhesive, sealants and functional coatings worldwide, collaborated with global mission Astronomy India and Lions Clubs International District to launched India’s biggest school level Astronomy Observatory and Laboratory for students at Maharshi Karve Stree-Shikshan Sanstha (MKSS), Pune and it helps to create the social impact.

In February 2022, DuPont, a chemical company from U.S. announced agreement with Celanse which is a global leader in chemistry, producing especially material solutions, to divest majority of mobility & materials segment.

In October 2022, Sun Chemical, a chemical company from U.S. increased prices and surcharges of inks, coatings, consumables, and adhesives in Middle East and Africa and helps to growth of the market.

In November 2021, NovaCentrix, design and develop world class conductive inks, received GLOBAL technology award in the category best product - North America for its Pulse Forge^® Soldering In-Line. The award was announced during a ceremony during productronica in Munich, Germany and it helps to create product impact on market.

Key Competitors:

Major players in the global conductive inks market include Henkel AG & Co. KGaA, E.l. du Pont de Nemours and Company, Vorbeck Materials Corporation Inc., Heraeus Holding GmbH, Intrinsiq Materials Inc., Johnson Matthey PLC, Sun Chemical Corporation, Creative Materials Inc., Applied Ink Solutions, and NovaCentrix.