Silver Paste Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Silver Paste Market Size and Forecasts (2021 - 2031), Global and Regional Growth Opportunity Analysis, and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00022662
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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Silver paste is a conductive paste comprising of silver particles as main constituent. It is used as conductive adhesive in many applications such as paints & coatings, automotive, and electronics. The silver paste is formulated to encompass electrical conductivity, good adhesion properties, compatibility with various substrates, and the ability to tolerate high temperatures. It is widely used in the production of electronic components such as integrated circuits (ICs), printed circuit boards (PCBs) and surface-mount devices (SMDs). Silver paste is a major component in the manufacturing of solar cells, as it creates electrical contact on the cell surface, facilitating electricity transmission.


The rising use of electronic devices across the globe has aided the silver paste market growth in the past few years. The increased utilization of electronic devices such as smartphones, laptops, tablets and wearable devices is boosting the demand for silver paste in producing electronic components. Silver paste is utilized in fabrication of PCBs to create conductive traces that connect various components on the board. It is applied using screen printing or stencil printing methods to define the required circuit pattern. Silver paste is also used in the production of sensors, electromagnetic shielding, and Radio-Frequency Identification (RFID) tags. According to Japan Electronics & Information Technology Industries Association, electronic equipment production in Japan increased, valued at US$ 8,61,985 billion in March 2022, compared to US$ 6,84,980 in February 2022. The significant growth in the production of electronic products across emerging countries worldwide is fuelling the demand for silver paste. The volatility in prices of raw materials, particularly silver, pose a challenge to the silver paste market. Silver is subject to significant price fluctuation, influenced by economic conditions, supply-demand gap, and investor purchasing behavior. Hike in the price of silver can increase the production cost of silver paste, subsequently impacting the product demand. Government policies, import/export regulations, and tax policies related to the silver industry can also impact the prices of silver, thus making the silver paste market susceptible to price fluctuation of silver. 


The "Global Silver Paste Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global silver paste market trends and growth opportunities. The report aims to provide an overview of the global silver paste market with detailed market segmentation by type, application, and geography. The global silver paste market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of silver paste worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the silver paste market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the silver paste market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative silver paste market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global silver paste market, which helps understand the entire supply chain and various factors affecting the market growth.


The global silver paste market is segmented on the basis of type, and application. Based on type, the silver paste market is segmented as, silver glass paste, silver sintering paste, silver epoxy paste, and others. On the basis of application, the market is classified as, electronics, paints and coatings, solar energy, and others. Based on type, silver glass paste accounted for a significant silver paste market share, attributed to its broad utilization in microelectronics, high frequency circuits, sealing of electronic packages and optoelectronics. Silver epoxy paste has good adhesion properties and is generally used for bonding and electrical connections in electronic assemblies. Silver sintering paste is developed for high-temperature applications and power electronics. Based on the application industry, electronics accounted for a significant silver paste market share due to a wide range of applications such as printed circuit boards, integrated circuits, surface-mount devices, wire bonding, and die attach. Silver paste is utilized in the fabrication of thick film resistors to provide a specific level of electrical resistance in electronic circuits. Silver paste is extensively used in producing solar cells for creating electrical contacts, front side and back side contacts to facilitate efficient transmission of electricity. Silver paste also has applications in other industries such as automotive sector for production of control modules, sensors and electrical connections.


The report provides a detailed overview of the global silver paste market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant silver paste market share globally. The presence of major electronics and solar energy companies and emerging economies such as China, India, Japan, South Korea, and Taiwan, with prominent automotive manufacturing hubs is expected to boost the demand for silver paste. Asia Pacific comprises a significant consumer market with high demand for electronic devices and automobiles from countries such as China, India, and Japan. Government support and investment in Asian countries have further promoted the development of electronic industry. Europe is expected to grow considerably due to technological advancements in electronics and solar energy industries. European companies are investing significantly in the research and development of cutting-edge electronic components, semiconductor devices, and automotive technologies.


Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global silver paste market.

In March 2022, DuPont Microcircuit and Components Materials announced launch of 5881 silver/silver chloride (Ag/AgCl) conductive ink/paste for healthcare applications. It has good conductivity, long term printability, and low electrode polarization properties.

In July 2021, DK Electronic Materials, a manufacturer of conductive silver paste, announced investment of US$ 192 million for the acquisition of DuPont's silver paste business.


The COVID-19 pandemic adversely impacted the global economy and slowed the growth of various industries such as chemicals & materials, electronics, and automotive. The shutdown of multiple manufacturing plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East & Africa affected the global supply chain. This hampered the manufacturing, delivery schedules, and sales of various goods. Various companies announced possible delays in product deliveries and projected a slump in the sales of their products. In addition, travel bans imposed by countries in Europe, Asia Pacific, and North America affected business collaborations and partnership opportunities. All these factors hampered the progress of the chemicals & materials industry, along with restraining the growth of various markets related to this industry. Moreover, electronic manufacturing declined during this period due to the shortage of raw materials and a limited workforce. However, in 2021, businesses regained their production capacities as the governments of various countries eased out the previously imposed restrictions. Moreover, introducing the COVID-19 vaccine further eased the situation leading to a rise in business activities across the globe. The start of operations in the manufacturing units positively impacted the silver paste market. Further, manufacturers could overcome the demand and supply gap by operating at total capacity. Moreover, the export and import volumes in the chemicals & materials industry increased due to the relaxation of border and trade restrictions. Therefore, the silver paste market has recovered quite well from the aftermath of the pandemic and is expected to grow over the coming years.


Some of the key players operating in the silver paste market include Heraeus Holding, Ferro Corporation, DuPont, Namics Corporation, Mitsuboshi Belting Ltd, Henkel AG and Co, Asahi Chemical Research Laboratory Co Ltd, Fukuda Metal Foil and Powder Co Ltd, Fujikura Kasei Co Ltd, Nippon Kokuen Group, and Suzhou Betely, among others.


Silver Paste Market Report Analysis

Silver Paste Market

  • CAGR (2023 - 2031)
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Heraeus Holding
  • Ferro Corporation
  • Fukuda Metal Foil and Powder Company
  • Samsung SDI Co., Ltd.
  • DuPont
  • Targray Technology International Inc
  • 3M
  • Johnson Matthey
  • Cement Material Inc

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Silver Paste Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Heraeus Holding
  • Ferro Corporation
  • Fukuda Metal Foil and Powder Company
  • Samsung SDI Co., Ltd.
  • DuPont
  • Targray Technology International Inc
  • 3M
  • Johnson Matthey
  • Cement Material Inc
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. Heraeus Holding
    2. Ferro Corporation
    3. Fukuda Metal Foil and Powder Company
    4. Samsung SDI Co., Ltd.
    5. DuPont
    6. Targray Technology International Inc
    7. 3M
    8. Johnson Matthey
    9. Cement Material Inc
    10. Techinstro

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. 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.

    1. 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:

    Research Methodology

    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.

    1. 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.

    1. 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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