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Global Conductive Inks Market - Worth 3.91 Billion USD by 2021: MRRSE
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The global conductive inks market is competitive with players banking upon price differentiation and product innovation to gain a strong foothold in the market. The big players in the market are pouring in substantial amounts to come up with better products.
The growing proliferation of printed electronics across several industries is at the forefront driving growth of the conductive inks market. Besides this, demand for technically sound, efficient and miniaturized devices for operational efficiency is fuelling the application of conductive inks globally, which in turn is having a positive influence on the growth of this market.
According to a report by Transparency Market Research, the global conductive inks market pegged an opportunity of US$2,340.0 mn in 2016 and is anticipated to be worth US$4,275.4 mn by 2025 rising at a CAGR of 6.9% between 2017 and 2025.
Silver Conductive Inks Type Segment Leads Market
The global conductive inks market based upon type is classified into silver conductive inks, copper inductive inks, conductive polymers, conductive nanotube ink, graphene/carbon ink, and others. Of them, the segment of silver conductive inks led the market in 2016 mainly due to standard formulations of silver conductive inks and their large-scale applications in energy, medical, and consumer electronics industry.
The segments of the global conductive inks market depending upon application are photovoltaic cells, displays, RFID, printed circuit board, biosensors, and others. Among these, displays and photovoltaic cell segments accounted for the leading market share in 2016 in terms of value. The segment is anticipated to hold on to its dominant position in the upcoming years.
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Rising Consumer Electronics Industry Makes Asia Pacific Leader
The key regional segments into which the global conductive inks market is divided are North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Asia Pacific led amongst other key regional segments in 2016 accounting for more than 47% of market share. China is the leading contributor to this regional market followed by Japan and India. Of the several growth drivers in the region, the ceaseless penetration of consumer electronics is a prominent one.
Europe stood as the second-leading segment in the global conductive inks market in 2016 revenue-wise. In Europe, Germany, Italy, and the U.K. are leading contributors to the conductive inks market. The growth of this regional market is mainly driven by rising demand for printed electronics and deployment of advanced technology along with RFID tags in the manufacture of a range of film displays.
The U.S. drives the growth of conductive inks market in North America. The increasing use of photovoltaic cells in the renewable energy sector is one of the primary drivers stoking growth of conductive inks market in North America.
In the Middle East and Africa, growth of the consumer electronics industry is the key factor driving the conductive inks market. Moreover, increasing use of automatic identification and data capture systems like RFID devices, barcode scanners, and handheld scanners in retail and transportation sectors is having a positive impact on the conductive inks market.
In South America, Brazil is the leading domestic market for conductive inks. The increased focus of electricity companies to tap the solar energy for solar power is driving the installation of solar energy systems. This, in turn is aiding growth of the conductive inks market as photovoltaic cells is a key application area where conductive inks is used.
Key players operating in the global conductive inks market profiled in this report are Henkel AG & Co. KGaA, E.l. du Pont de Nemours and Company, NovaCentrix, Vorbeck Materials Corporation Inc., Heraeus Holding GmbH, Intrinsiq Materials Inc., Johnson Matthey plc, Sun Chemical Corporation, Creative Materials Inc., and Applied Ink Solutions among others.
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