Conductive Inks Market Analysis

Global Conductive Inks Market Overview

The  Conductive Inks Market Size was valued at USD 1.23 Billion in 2022 and is projected to grow from USD 1.98 Billion in 2023 to USD 4.22 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4% during the forecast period (2024- 2032). Conductive ink combines the ability to conduct electricity with the usage of ink. Conductive inks refer to electrically printable and conductive ink used to print electronics or objects. The ink is made by infusing conductive material like silver or graphite into the ink which enables electrical conduction. Various applications of the conduction ink are touch screens, sensors, silicon heterojunction solar cells, and others. The increasing usage of conductive ink in OLEDs, smart packaging, thin-film transistors, and flexible displays is expected to foster the market growth in the forecast period.

 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Conductive Inks Market Trends

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  Rising Need to Remove Micronutrient Deficiency from Soil to Increase the Consumption of Conductive Inks in the Agriculture Industry.

  
  

Much broad range of electronic products such as medical equipment, electronic appliances, solar designs, and others are based on printed circuit board technology, which will drive the Conductive Inks Market. The rising demand for touch screens and flexible electronic equipment will foster Market Trends. The growing awareness related to the employment of renewable resources in industrial and residential areas will accelerate the Conductive Inks Market towards growth. In the medical sector, the recent technological advancement and usage of advanced products in the healthcare industry to improve the functionality and accuracy of the treatment will increase the market growth in the forecast period. The introduction of novel products such as aluminum, gold, and nickel-based conductive inks is expected to make the market register a high CAGR.  

Additionally, The enhancement in the use of versatile and contact screen-based electronic gadgets is expected to assist the advancement of the Conductive Inks Market. The use of sun-based sheets and advancement will form a major growth opportunity. Due to the high carbon dioxide release, the worries to lessen the releases have threatened the government agencies to shit to the less carbon emission substitutes leading to the opportunity for the market.

C3Nano, Inc. introduced a new conductive ink in June 2022, which can be dried at room temperature. This innovation has made it possible for the ink to be used in numerous other fields including life sciences, automotive, packaging, and consumer electronics, among others.

Henkel Adhesive Technologies India Pvt. Ltd., one of the leading players in adhesives and coatings, teamed up with Astronomy India and Lions Clubs International District 3231A1 to launch India’s largest school-level Astronomy Observatory and Laboratory in February 2022. The MKSS’ initiative was aimed at empowering students through astronomy while creating social value.

Conductive Inks Market Segment Insights

Conductive Inks Product Type Insights

The  Conductive Inks Market segmentation, based on Product type, includes Silver Conductive Inks, Electrically Conductive Inks, Dielectric Inks, Copper Conductive Inks, Carbon Inks, and Others. among them, silver conductive inks are expected to dominate the market in the forecast period owing to the wide use in photovoltaic Application, and also several industries prefer this. The rise of different technologies will drive the use of silver inks. 

Conductive Inks Application Insights

Based on Application, the Conductive Inks Market segmentation includes Consumer Electronics, Automotive, Energy, Utilities, Packaging, and Others. The energy application will register high growth in the forecast period. The rising demand for cheaper energy will increase the market growth, and the sector will grow. Other remaining industries will also register growth in the coming years. 

Figure 2:  Conductive Inks Market, by Product type, 2023 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review 

Conductive Inks Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific registered high growth due to high-end industries like touch screens, photovoltaics, microelectronics, and others. Over the decades, the demand for electronics has raised in the region, which impacted the market toward growth due to the shift in demographics and increasing purchasing power. The countries present in the Asia Pacific regions like China, India, and others made up their mind to limit their dependency on fossil fuels and replace them with photovoltaics to meet the power demand in the region. These factors will increase the power demand, increasing the demand for the Conductive Inks Market Size.

Figure 3:  CONDUCTIVE INKS MARKET SHARE BY REGION 2023 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

North America will experience growth significantly due to the rising demand from the electronic device manufacturing industry. The U.S. is one of the hubs for automobiles and contains many manufacturing facilities witnessing a rapid increase in usage of electric vehicle sales in recent years. Growing product demand in manufacturing electronic components installed in electric vehicles will rise the Conductive Inks Market Share. Growing consumer demand for vehicles with advanced technology like sensor devices will drive growth in the region. Europe is showcasing significant growth as the region has set legally binding commitments to decrease carbon emissions by 55% by 2030, compare them to 1990 levels and eliminate them by 2050. The region's using renewable resources is one of the initiatives for the environment. The rising demand for solar energy expansion and its strong initiation to the transition to renewable energy will foster the market in the region. Latin America has poor political and economical uncertainties, due to which the market does not register high growth. The middle east and Africa will not experience high growth due to the region's poor electronic sector.

Conductive Inks Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Conductive Inks market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Conductive Inks industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Conductive Inks. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Conductive Inks industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Conductive Inks industry to benefit customers and expand the market sector. The Low-Profile Additives market has recently given medicine some of the most important advantages. Major Conductive Inks market players, including Henkel AG & Co, Dupont, Johnson Matthey, Sun Chemical Corporation, and others, are attempting to increase market demand by funding R&D initiatives.

Henkel is a company that engages in laundry and home care, beauty care, and adhesive technology businesses. It offers heavy-duty and specialty detergents, fabric softeners, laundry performance enhancers, laundry care products, dishwashing products, cleaners for bathroom and WC applications, hair cosmetics, products for body, skin, and oral care, and products for the professional hair salon business.

Also, Johnson Matthey Piezo Products is a developer and producer of piezoceramics. It offers bending actuators, piezo modules and systems, ultrasonic atomizers, and other products. The company caters to textile machines, automobiles, industrial, and medical applications, and more.

Key Companies in the Conductive Inks market include

• Henkel AG & Co


• Dupont


• Johnson Matthey


• Sun Chemical Corporation


• Parker Chromerics


• Poly-ink


• Creative Material Inc


• Pchem Associates


• Vorbeck Materials Corporation


• Novacentrix

Conductive Inks Industry Developments

January 2023: Celanese Corporation just announced the release of nine new product grades into the market for printed electronics. The products will be launched under conductive ink brand Micromax at IPC APEX EXPO.

November 2022: Partnership between Henkel AG & Co. KGaA and LAIIER (LAIIER) to print electronics solutions to novel smart-scale building applications.

February 2022, DuPont, an American chemical company, entered into a deal with Celanse, a global leader in material solutions. DuPont agreed to sell much of its mobility and materials segment as part of this arrangement.

Moving over to October 2022, Sun Chemical, another U.S.-based chemical company, increased prices on inks, coatings, consumables, adhesives deployed across Middle East Africa by Sun Chemical. The company aims to attain growth within the region through strategic price increases.

In 2021, Henkel AG & Co. KGaA unveiled a series of new conductive inks designed specifically for wearable electronics

Conductive Inks Market Segmentation

Conductive Inks Type Outlook

• Silver Conductive Inks


• Electrically Conductive Inks


• Dielectric Inks


• Copper Conductive Inks


• Carbon Inks and Others

Conductive Inks Application Outlook

• Consumer Electronics


• Automotive


• Energy


• Utilities


• Packaging


• Others

Conductive Inks Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America