Press release
Conductive Inks Market to receive overwhelming hike in Revenues by 2025
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Conductive inks are being widely used in flexible displays, smart lighting, RFID tags, and so on. Rising demand for miniaturized and efficient electronic devices is also fueling the market growth. Smart devices, touch screens, printed batteries, and printed sensors are some of the major application areas of conductive inks, which is contributing to the positive growth of the market globally.
Conductive inks are used in printed electronics for better electric conductivity and efficient operation. Silver conductive inks are primarily applied in PV cells and membrane switches, which is identified to be the prime trend in the global conductive inks market. Consumer goods is a key application industry of conductive inks, for example, smart packaging, which contributes significantly to the market growth. In addition, conductive inks find application in printed circuit boards and biosensors.
Market for conductive inks is gaining traction globally as a result of high rate of commercialization of printed electronics in emerging economies along with rising consumption of smart devices, miniaturized devices, and printed batteries. In addition, growing application of conductive inks in different components of vehicles is another prominent driver for the market.
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Growing usage of conductive inks in medical sector, for instance, in medical sensors and other devices, is anticipated to surge the demand for conductive inks. Product innovation through research and development is one of the major approaches adopted by key players operating in the conductive inks market to strengthen their foothold globally. The launch of novel products such as gold, aluminum, and nickel based conductive inks is expected to bolster the market growth further.
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