Conductive Inks Market Trends and Analysis by 2028

[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.

Conductive Inks Market: Strategic Insights

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.

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 regional trends and factors influencing the Conductive Inks Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Conductive Inks Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Conductive Inks Market Report Scope

Conductive Inks Market Players Density: Understanding Its Impact on Business Dynamics

The Conductive Inks Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

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.