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"Global Conductive Inks & Pastes was Valued at US$ 2.68 Bn in 2019 and it is Expected to Reach More than US$ 3.63 Bn by 2028, Likely to Grow with the CAGR of 3.4% During the Forecast Period."
A conductive ink (CI) is a thermoplastic viscous paste that conducts electricity by inculcating conductive materials such as silver and copper to facilitate the flow of electric current across the circuitry. Conductive printable inks exhibit the properties of crease resistance and flexibility attributed to its wide use in printed electronics. The extensive use of printed circuit board technology across electronics, medical, and solar appliances drives the conductive inks& Pastes market during the forecast period.
Increasing Demand for Electronics and Medical Devices Is Anticipated To Boost the Demand for Conductive Inks & Pastes
The Printed circuit board (PCB) technology is used in a wide range of electronic products such as medical devices, electronic appliances, solar designs which are expected to drive the market. Furthermore, the rapid growth in consumption of in the membrane touch switches, desktop keyboards, heating elements, touch screens, automotive sensors, EL lamps, printed circuit boards and potentiometers anticipated to boost the growth of global conductive inks & pastes market.
The conductive inks & pastes market is undergoing several transformations since the trend of fine feature printing for narrowing the bezels in touchscreen applications is growing popular. These new developments are likely to drive the conductive inks & pastes market. Additionally, the medical devices account for a share in the consumption of conductive inks. There is an upsurge of technological advancement in the healthcare industry and the medical device manufacturers are constantly focusing on improving functionality and precision of the devices.
Conductive Silver Ink Held the Largest Share in Global Conductive Inks & Pastes Market in 2019
The conductive silver ink segment has accounted for over 20% of the market share in terms of the global revenue in 2019. The silver ink is widely used due to excellent conductivity, thermal stability, durability, and reliability. The conductive silver inks are compatible with almost every printing technique, such as inkjet, screen, gravure, and flexography as the silver offers a conductive native oxide layer, which usually forms on the surface, unlike other metals. Furthermore, Silver inks are widely used in photovoltaic applications. The use of silver inks will drive the upcoming trend of integration of different technologies.
The RFID Application Segment Is Expected To Witness the Highest Growth in The Global Conductive Inks & Pastes Market
The RFID application is projected to register the highest growth rate of over 4.1% during the forecast period. The increasing demand for RFID in smart packaging and its wide range of applications into a variety of devices such as passports, smart cards, and credit cards boost the demand for RFIDs. High adhesion, flexibility, and compatibility requirements are attributed to making RFIDs ideal for a wide range of applications. The RFID system has the advantage of tracking long-distance communication between the tag and reader through an ultra-high frequency (UHF) band as it is capable of transmitting and receiving specific radio frequencies. All these factors are likely to fuel high growth in the future.
The Asia Pacific Dominated the Global Conductive Inks & Pastes Market In 2019
The Asia Pacific region dominated the global conductive inks & pastes industry and accounted for over 54% of total market revenue in 2019. It is expected to grow at a rapid pace during the forecast period. The emerging countries such as China and India accounted for a large share of the overall conductive ink & paste market. Investments taken in India and China to set up solar photovoltaic has taken an upsurge for the conductive inks & pastes market Furthermore, the growth in the APAC region can be attributed to the growing demand for conductive inks due to the high economic growth of the emerging economies and the increasing disposable income in the region contributes to APAC is an attractive market for conductive inks manufacturers. Moreover, the tremendous growth of the photovoltaics, PCBs, touchscreen segments and the increasing use of windshield sensors in vehicles are primarily responsible for the high demand for conductive inks in the region.
Europe Region Is Projected To Grow At a Significant Rate in the Conductive Inks & Pastes Market during the Forecast Period
The European conductive inks & pastes market was valued at US$598.3 Mn in 2019 is growing at a significant rate during the forecast period. The Silver Flakes has a huge demand in Europe. Conductive inks & pastes are widely used in photovoltaic which is driving the demand of conductive inks in Europe.
The global conductive inks & pastes market is highly fragmented. Some of the major players operating in the conductive inks & pastes market are DuPont, Vorbeck Materials Corporation Inc., Intrinsiq Materials, Inc., Heraeus Holding GmbH, Henkel AG & Co. KGaA, Creative Materials Inc., Applied Ink Solutions., NovaCentrix, and Johnson Matthey PLC
Global Conductive inks & pastes Market Key segments:
Conductive inks & pastes Market, By Type
- Carbon Nanotubes
- Others (including Gold, Nickel, and Aluminum)
Conductive inks & pastes Market, By Application
- Photovoltaic Cells
- Radio Frequency Identification (RFID)
- Printed Circuit Boards (PCBs)
- BiosensorsMembrane Switches
- Others (including Printed Antennas and Flexible Thin Films Batteries and textiles)
Conductive inks & pastes Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America