Conductive Inks Market Report

The International Labour Organization (ILO) recognizes the global electronics industry as one of the major industrial sectors that contributes to the world economy. The global electronics industry is projected to grow to US$ 3 Tn by 2030, up from US$ 2.2 Tn in 2020, according to the Singapore Government Agency. Over the previous few decades, the global electronic sector has seen significant advancements and has significantly reduced product costs. Consumer demand for more efficient and lightweight electronics has driven manufacturers to seek more inventive processes and materials for producing miniaturized electronic devices. This includes using conductive ink to produce printed electrical devices including RFID tags, thin-film PV cells, organic biosensors, IoT sensors, touch screens, and printed heaters.

With the development of new technologies such as the Internet of Things (IoT) and 5G networks, it is expected that more individuals and organizations around the world will replace their outdated gadgets. Since this ink delivers a quick and efficient way for mass-producing devices, it is probable that more electronic manufacturers will use it throughout the forecast period. As a result,the growing demand for modernized electronic devices will benefit and drive the growth of the conductive ink market.

One of the emerging fields of application is thin film photovoltaics. Grid lines are printed on thin film solar cells with conductive inks that also have excellent adhesion and flexibility, making them suitable for the construction of solar arrays. Recent technological developments like inkjet printing, have opened the path for mass production of the next generations of multifunctional, ultra-lightweight printed solar cells. Researchers are using inkjet printing's ability for rapid prototyping to create more energy- and cost-efficient solar cells, giving them a chance to profit from the growing global trend of switching to greener solar energy sources.

Several new developments, such as electrification and self-driving cars are changing the automobile sector, creating a lucrative opportunity for this market. Additional electronic components, including extra sensors, human-machine interfaces, processing units, and climate control among other things, will probably be added to each vehicle as a result of these new trends. According to the International Energy Agency (IEA), solar PV power output climbed by a record 179 TWh in 2021, representing a 22% increase over 2020. Solar PV accounted for 3.6% of global electricity output in 2016, and it is still the third largest renewable energy technology after hydropower and wind. Conductive inks play an important part in the production of all of these modern electronics; Therefore, new advancements are expected to generate opportunities for business expansion.

• Growing use of conductive inks in automotive and aerospace sectors
• Eco-friendly formulations gain traction in conductive ink applications.
• Rising interest in printed electronics boosts conductive ink adoption.
• Development of stretchable conductive inks for wearable electronics.

Scientists are anticipated to put greater focus on creating new conductive polymer inks as the demand for printed electronics develops. Researchers at Linköping University in Sweden developed a stable high-conductivity polymer ink in April 2021. The discovery opens the door to novel printed electronics with remarkable energy efficiency. The unique n-type material is delivered via ink, with ethanol functioning as the solvent. To deposit the ink, the solution may be sprayed over a surface, simplifying and cutting the cost of producing organic electrical devices. As a result of this breakthrough, unique conductive pastes for use in energy-efficient printed electronics can be produced. Conducting polymers can be modified to change their electrical properties to achieve the required functionality. According to the researchers, their newly developed electrically conductive pastes will open the way for the development and mass production of lightweight and flexible electronic devices such as LEDs, organic biosensors, solar cells, and transistors.

Silver is a highly in-demand metal in the electronics industry due to its strong conductivity and oxidation tolerance. Due to their remarkable conductive qualities, silver conductive inks are used in the manufacture of high-performance electronic devices. Printed and flexible electronics, which have risen in prominence in recent years, are typical applications that utilize silver-based ink. However, the increasing cost of silver has prompted the need to either reduce or replace the utilization of this pricy metal. Manufacturers have shifted their focus to other low-cost conductive metals such as copper, graphene, and aluminum as a result of silver price volatility. Due to its inferior qualities, the alternatives supplied have attributes that are not equal to silver, limiting market development potential. Because the price of silver is expected to climb throughout the forecast period, its use in silver-based inks will be limited, restricting market growth.

Henkel and LAIIER will partner in November 2022 to drive smart building applications based on printed electronics.

DuPont Microcircuit and Component Materials announced the launch of 5881, a novel Silver/Silver Chloride conductive ink/paste for healthcare applications, in 2022.

PV Nano Cell revealed the development of a new carbon-based ink that will allow customers to print integrated resistors and capacitors in April 2021. When printing new components in a variety of sizes and shapes, this newly designed inkjet ink provides a great degree of geometrical flexibility.

Quad Industries and Henkel Industries strengthened their strategic relationship to drive printed electronics solutions in February 2021. 

Henkel AG & Co. KGaA, Heraeus Holding GmbH, Poly-Ink, Sun Chemical Corporation, Daicel Corporation (Tokyo, Japan), DowDuPont, Elephantech Inc., Vorbeck Materials, Methode Electronics Inc., Colloidal Ink Co. Ltd., Applied Ink Solutions, Applied Nanotech, Bando Chemical Industries Ltd., Johnson Matthey, Novacentrix, Parker Chomerics, Creative Materials Inc., Advanced Nano Products Co. Ltd., Agfa-Gevaert N.V., Cartesian Co., CIMA Nanotech Inc. and Inktec Corporation are some of the prominent market players operating in the global conductive inks market.

The Asia Pacific market is expected to grow due to increased product consumption from end-use sectors such as photovoltaics, microelectronics, touch screens, and others. Over the last decade, regional demand for consumer electronics has risen dramatically. Because of shifting demographics and higher disposable incomes, this trend is expected to continue over the forecast period. Furthermore, numerous countries in that region, including India, China, and a few other Southeast Asian nations, have decided to lower their dependency on fossil fuels and replace them with photovoltaic cells to meet their power requirements. In the coming years, rapid expansion in the consumer electronics and photovoltaics industries will drive up demand for conductive inks.

During the forecast period, North America and Europe show significant growth. The United States and Canada account for a sizable portion of automotive displays, 3D printers, displays, RFID technology, and a variety of other products. Furthermore, numerous manufacturing companies in Germany, the United Kingdom, and other European nations have enhanced their production capacity for conductive ink utilized in a variety of end-use industries.

The report provides a detailed overview of the conductive inks market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the conductive inks market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the conductive inks market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which is anticipated to have a substantial impact on the growth of the conductive inks market. Some key countries and region included in the conductive inks market report are as follows:

• Conductive inks market detailed segments and segment-wise market breakdown
• Conductive inks market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in the conductive inks industry)
• Current, historical, and forthcoming 10 years market valuation in terms of conductive inks market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Conductive inks market demand analysis
• Conductive inks market pricing analysis over the forecast period (by key segment and by region)
• Conductive inks market regional insights with a region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the conductive inks market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the conductive inks market
• Conductive ink market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on the conductive inks market forecast by countries
• Mergers and acquisitions in the conductive inks market
• Essential information to enhance market position
• Robust research methodology