[Research Report] The conductive inks market is expected to grow from US$ 3,565.80 million in 2021 to US$ 5,119.80 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2022 to 2028.
Governments across the world have enacted environmental restrictions to encourage industries to replace heavy materials in devices with modern lightweight materials. In addition, consumer desire for tiny and lightweight electronics has pushed the consumer electronics industry to miniaturize its products. Moreover, rapidly increasing IoT-based applications and growing miniaturization trend are expected to drive the demand for conductive inks market. The rapidly increasing usage of smartphones and connected devices propels the need for smaller and lighter sensors with low-power requirements and enhanced performance, which stimulates the demand for miniaturization. China dominates the entire value chain of the global electronics manufacturing business and is heavily investing in new techniques to create miniaturized electronics products rapidly. Thus, the growing demand for miniaturization in smartphones, wearables, and other gadgets and rise in the demand of efficient electronic devices and bolsters the conductive inks market size.
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Conductive Inks Market: Strategic Insights
Market Size Value in US$ 3,565.80 million in 2021 Market Size Value by US$ 5,119.80 million by 2028 Growth rate CAGR of 5.4% from 2022 to 2028. Forecast Period 2022-2028 Base Year 2021
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Conductive Inks Market: Strategic Insights
| Market Size Value in | US$ 3,565.80 million in 2021 |
| Market Size Value by | US$ 5,119.80 million by 2028 |
| Growth rate | CAGR of 5.4% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Conductive Inks Market
Many flexible and printed electronics industries faced labor shortages because of COVID-19 pandemic. The demand for conductive ink in printed electronic applications, such as RFID tags printing used in modern transit tickets and windshield defrosters in automotive vehicles is contributing towards the conductive inks market growth. In addition, the decline in production in the automotive industry has negatively impacted the market. As per the International Organization of Motor Vehicle Manufacturers (OICA), the global sales of all vehicles in 2019 and 2020 were 91,227,182 and 78,774,320, respectively. Thus, the decline in sales of the vehicles is negatively impacting the market as conductive ink is used for the application of automotive circuits and printed defrosters, especially on rear windows, in automotive vehicles. However, from the mid-2021, the resumption of oil extraction projects is driving the conductive inks market growth. However, before the pandemic, the growing automotive industry in North America, rising penetration of electric vehicles, and increasing awareness regarding health propelled the demand for miniaturization of devices. The consumer electronic industry has witnessed a growth. Also, the rising demand for small and lightweight electronics, such sports wearables watches, and electronic medical devices to monitor health is bolstering the growth of the conductive inks market.
Lucrative Regions in Conductive Inks Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights – Conductive Inks Market
Growing Installation of Solar Panels Propels Conductive Inks Market Growth
The increasing energy demands necessitates utilizing alternative energy sources. As a result, renewable energy sources, especially solar energy, are now being used to generate electricity. The increasing uptake of solar energy for electricity generation is expected to drive the demand for solar-based technology and increase solar panel deployment in the years to come. That will create an opportunity for the conductive inks market in the photovoltaic application. Using inkjet printing, conductive ink makes printed organic photovoltaic solar cell panels on very thin, flexible surfaces. The solar (photovoltaic) sector has been under substantial pressure to cut raw material costs and boost production efficiency to compete with existing grid power systems. In this case, conductive inks are a potential solution for the industry, thus driving the conductive inks market.
Type-Based Insights
Based on type, the conductive inks market is segmented into silver conductive ink, carbon conductive ink, polymer conductive ink, copper conductive ink, and others. The carbon conductive ink segment held the largest market share in 2021. Carbon conductive inks are lubricious, providing low friction and excellent thermal stability. The inks are used in screen-printing, dipping, and syringe dispensing, and features excellent adhesion glass and a variety of other substrates. Unlike conventional conductive material, carbon inks are resistant to abrasion, scratching, flexing, and creasing. The development of conductive inks was aided by the rapid growth of the printed electronics sector. Carbon-based conductive inks' conductive fillers had a wide supply, low price, good stability, and a lot of application value. Nanoshel LLC, Henkel, and Dycotec Materials Ltd, are among the major players in the carbon conductive inks market. The presence of these players is contributing to the market growth.
Players operating in the conductive inks market are mainly focused on the development of advanced and efficient products.
- In 2022, DuPont Microcircuit and Component Materials business announced the launch of 5881, a new Silver/Silver Chloride conductive ink/paste for healthcare applications.
- In 2021, DuPont announced that it has successfully completed the acquisition of Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions.
The conductive inks market is segmented on the basis of type and application. Based on type, the market is segmented into silver conductive ink, carbon conductive ink, polymer conductive ink, copper conductive ink, and others. In 2021, the carbon conductive ink segment led the market and accounted for the largest market share. In terms of application, the market is segmented into solar panels, touch screens, membrane switches, medical devices, printed circuit boards, sensors, heating elements, radio frequency identification, cell phone antennas, automotive, and others. In 2021, the printed circuit board segment led the market and accounted for the largest market share. Geographically, the conductive inks market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for a significant share of the global market.
Applied Ink Solutions; DuPont DE Nemours, Inc.; Henkel AG and CO. KGAA; Inkron OY; Inktec; Heraeus; Novacentrix; POLY-INK; Merck KGAA; and Vorbeck Materials Corporation are among the major companies operating in the conductive inks market players.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South AFrica, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The use of conductive inks in printing RFID chips has several advantages, such as reduced size and fast and efficient production, resulting in low production costs. In addition, the RFID tag's antenna is used to distribute frequency signals and establish a wireless link between the tag and the reader. Traditional antenna manufacturing methods are expensive and have slow production speeds. Also, they pollute the environment. To address these drawbacks, the technology of printing antennas with conductive ink is being used. Thus, the growing adoption of RFID technology drives the conductive inks market growth.
The rising adoption of conductive ink in various applications sectors such as 5G, automotive photovoltaic, power electronics, package-level EMI shielding, In-Mold Electronics, electronic textile and wearable electronics, skin patches, RFID, and others. The automotive industry has been a key target market for conductive ink manufacturers. Printed defrosters, particularly on rear windows, are a typical application. The use of transparent and efficient large-area heating to minimize apparent defroster lines is an important development. In Furthermore, seat heaters are also a notable market with ample upside growth opportunities.
Based on type, the conductive ink market is segmented into silver conductive ink, carbon conductive ink, polymer conductive ink, copper conductive ink, and others. The carbon conductive ink segment accounted for a larger share of the conductive ink market in 2021. Carbon conductive inks are lubricious, providing low friction and excellent thermal stability. The development of conductive inks was aided by the rapid growth of the printed electronics sector. Carbon-based conductive inks' conductive fillers had a wide supply, low price, good stability, and a lot of application value.
Based on application, the conductive inks market is segmented into solar panels, touch screens, membrane switches, medical devices, printed circuit boards, sensors, heating elements, radio frequency identification, cell phone antennas, automotive glass, etc. The printed circuit board segment accounted for the largest share in the conductive inks market in 2021. A printed circuit board is a rigid structure that contains an electrical circuit made of embedded metal wires called traces and larger areas of metal called planes. The high-performance conductive inks and adhesive materials can withstand high-temperature processing used in the manufacture of printed circuit boards and are contributing to the market growth.
The top five key players operating in the conductive inks markets Dupont de Nemours, Inc., Henkel AG & Co. KGaA, NovaCentrix, MERCK KGaA, and Heraeus Holding GmbH are among the key players profiled in the research study on the conductive inks market. The companies engage themselves in designing and developing conductive inks with competitive pricing which enables the manufacturers to attract customers, thereby, gaining market share
The List of Companies - Conductive Inks Market
- Molex
- DuPont
- Henkel AG & Co. KGaA
- Inkron (Nagase Group)
- InkTec
- Heraeus
- NovaCentrix
- Poly-Ink
- Merck KGaA
- Vorbeck Materials Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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