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Conductive Inks Market Size, Share, Industry Analysis And Outlook By 2033
Conductive Inks Market Size
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According to The Business Research Company's, The conductive inks market size has grown strongly in recent years. It will grow from $3.38 billion in 2023 to $3.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to electronics miniaturization, printed electronics, flexible and wearable electronics, iot connectivity, energy efficiency.
The conductive inks market size is expected to see strong growth in the next few years. It will grow to $5.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to 5g and wireless technology, smart packaging, biomedical and healthcare devices, sustainable electronics, automotive electronics. Major trends in the forecast period include miniaturization and integration, wearable technology, printed electronics, iot sensor integration, 3d printing.
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Market Drivers and Trends:
Growing demand for electronics is expected to propel the growth of the conductive inks market going forward. Electronic devices refer to the emission, behavior, and consequences of electrons, which are the subjects of the field of electrical engineering and physics. As printable conductive inks are utilized for fabrication, the demand for conductive inks is increasing as a result of the inks' contribution to the improvement of the quality and quantity of electronics. Fabrication technologies that are quicker and more affordable than conventional production procedures are needed to create high-quality and affordable electronic components. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached $52,36,535 million ( ¥771,457 million). In addition, consumer electronics production reached $2,178,430 million (¥32,099 million) in May 2023, compared to $1,714,724 million (¥25,268 million) in May 2022. Therefore, Growing demand for electronics is driving the conductive inks market growth.
Technological innovation is the key trend gaining popularity in the conductive inks market. Major companies operating in the conductive ink sector are focused on developing the latest technological solutions to strengthen their position in the market. For instance, in March 2021, DuPont, a US-based technology company specializing in electronics, transportation, construction, water, and healthcare, launched 5881, a brand-new Silver/Silver Chloride (Ag/AgCl) conductive ink/paste for medical applications. Its excellent conductivity and low electrode polarization allow manufacturers to design devices such as skin patches and continuous blood glucose monitors with a high rate of electrical feedback, helping to give patients accurate health information.
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Major Key Players of the Market:
DuPont de Nemours Inc., Henkel Adhesives Technologies India Private Limited, Creative Materials Inc, Heraeus Group PPG Industries, Johnson Matthey PLC, Vorbeck Materials Corporation, Daicel Corporation, NovaCentrix, Adnano Technologies Pvt. Ltd, Sun Chemical Corporation, PV Nano Cell Ltd., Methode Electronics, Epoxies Etc., Fortune International Technology LLC, Boston Industrial Solutions Inc., Nanospark, Chromatic Technologies, Centre for Process Innovation (CPI), Electroninks Incorporated, Haydale Graphene, Dycotec Materials Ltd., Dow Consumer, Applied Nanotech Holdings Inc., Nanosys Inc, Vorbeck Materials, American Elements, Metamaterial Inc.
Conductive Inks Market 2024 Key Insights:
• The conductive inks market size is expected to see strong growth in the next few years. It will grow to $5.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Electronics Industry Surge Drives Growth In The Conductive Inks Market
• Tech Innovation Enhance Growth In The Conductive Inks Market
• Asia-Pacific was the largest region in the conductive inks market in 2023
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