The conductive inks market is projected to grow from USD 3.0 billion in 2020 to USD 3.7 billion by 2025, at a CAGR of 4.1% during the forecast period. The global conductive inks are mainly driven by the high demand for efficiency and miniaturization of electronics and new applications in the electronics industry. Rising demand for smaller electronics in every industry is driving the demand for conductive inks for these electronics. Conductive inks are efficient, effective, and reliable and are widely used as a replacement for conventional wire and circuit arrangement to enhance efficiency and reduce the weight of electronic components.
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Governments worldwide have imposed environmental regulations to encourage industries for reducing the amount of heavy materials used in any device by replacing them with lightweight advanced materials. Along with this factor, the consumer preference for small and lightweight electronics has increased the demand for miniaturization of products in the consumer electronics industry. Lightweight construction is used to improve functional characteristics, reduce material input, and save energy. Conductive inks are efficient, effective, and reliable and are widely used as a replacement for conventional wire and circuit arrangement to enhance efficiency and reduce the weight of electronic components.
The use of conductive inks offers the following properties:
- Reduced material density
- Lower component weight
- Easy handling
Hence, the above-mentioned advantages of using conductive inks to cater to the growing demand for miniaturized and more efficient devices is a major driver for the market.
1. In November 2018, Omya AG (Switzerland) opened a research center for crop cultivation at Oftringen. The company carries out studies of “systematic analyses of natural conductive inks in agriculture.” Insights gained at the center proved valuable for the development of new products and innovative technologies for agriculture.
2. In February 2018, Imerys (Spain) acquired the carbonate business of Vimal Microns (India), a major producer of ground conductive inks for polymer and coatings applications. This acquisition helped the company strengthen its presence in India.
APAC is estimated to be the leading conductive inks market. The growth in the region can be attributed to the growing demand for conductive inks from various applications such as photovoltaics, RFID, PCB, membrane switches, displays, bio-sensors, thermal heating, and others. The growth of these end-uses is expected to consequently drive the demand for conductive inks.
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) are the key players operating in the conductive inks market.
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