The report “Conductive Inks Market by Type (Silver, Copper, Carbon/Graphene, Carbon Nanotube, Conductive Polymer), Application (Photovoltaics, RFID, PCB, Membrane Switches, Displays, Bio-Sensors, Thermal Heating), Region – Global Forecast to 2024″, is projected to grow from USD 3.3 billion in 2019 to USD 4.0 billion by 2024, at a CAGR of 4.0% during the forecast period.
Conductive inks are inks which are capable of conducting electricity. These inks are made of silver or copper for imparting electrical properties of conductivity. They are prepared by mixing electrically conductive fillers with additives, solvents, and resins. Currently, the miniaturization of electronics and increasing use of conductive inks in electronic applications is driving the market. The market size is projected to grow from USD 3.3 billion in 2019 to USD 4.0 billion by 2024, at a CAGR of 4.0% between 2019 and 2024. The growth of the market can be attributed to the increasing consumption of conductive inks in the photovoltaics, RFID, automotive, PCB, membrane switches, and displays. However, the requirement of high-end technologies acts as a restraint to the growth of the conductive inks market.
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Among the different types of conductive inks, the silver conductive inks segment is projected to account for the largest market share, in terms of value, during the forecast period. The subtypes of silver ink include silver flakes, silver nanowire, and silver nanoparticles. The demand for silver flakes is the highest globally due to the higher conductivity of silver and compatibility with other materials. Apart from being a good conductor, silver offers a conductive native oxide layer, which usually forms on the surface, unlike other metals. They are available in various particle sizes and surface areas to suit various electronic applications.
Among the key applications, the RFID application is projected to register the highest CAGR during the forecast period. This technology has found applications in tagging, transportation (at toll booths), signals, security systems, and others. RFID is gradually replacing the barcode system. One of the new developing applications of RFID is in smart packaging. The use of conductive inks in the printing of RFID chips has several benefits, such as a reduction in size and faster and more efficient production, which results in a cheaper cost of production.
DowDuPont (US), Henkel AG & Co. KGaA (Germany), Heraeus Holding GmbH (Germany), Johnson Matthey (UK), Poly-Ink (France), Sun Chemical Corporation (US), NovaCentrix (US), Creative Materials Inc. (US), Applied Ink Solutions (US), and Vorbeck Materials (US), among others are the leading conductive inks manufacturers, globally. These companies adopted partnerships, merger & acquisition, new product development, collaboration, and agreement, as their major business strategies between 2015 and 2019 to earn a competitive advantage in the conductive inks market.
DowDuPont (US) is one of the leading players in the conductive inks market. The company has been focusing on both organic and inorganic strategies to maintain its leading position in the market. For example, in March 2019, the company invested around USD 220 Million to build new production assets at its Circleville, Ohio, plant. In December 2018, the company launched its second generation of in-mold electronic materials with key advancements. This technology enables functions such as touch controls and lighting to be directly embedded inside of plastic parts by printing circuits onto plastic sheets.
Henkel AG & Co. KGaA (Germany) is another major player in the conductive inks market. In February 2018, the company invented a new material for medical and automotive printed electronics applications. Novel printed inks and coatings for health monitoring, in-cabin automotive design, self-regulating heating technology, and ink-compatible solder materials are some of the recent products launched by the company. In December 2017, the company invested in Copprint Technologies Ltd (Copprint), headquartered in Israel to strengthen its expertise for in printed electronics.
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