CONDUCTIVE INKS MARKET ANALYSIS

Conductive Inks MarketSize and Trends

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 (%)

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 (%)

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.