Global Conductive Ink Market Share Analysis | 2023-28

Market Insights

The conductive ink market is estimated to grow from USD 3.5 billion in 2023 to USD 4.31 billion by 2028 at a CAGR of 3.95% during the forecast period.

Want to know more about the market scope? Register here.

What is Conductive Ink?

Conductive ink is one of the major ingredients in the printing of metal structures. It can be formulated by blending either nanoparticles or micron-sized particles that are highly conductive such as silver, gold, copper, zinc, or carbon.

Conductive Inks are of different types, such as silver, copper, carbon/graphene, carbon nanotube, and conductive polymer, that are used in various applications, such as photovoltaics, RFID, PCB, membrane switches, displays, bio-sensors, thermal heating.

Market Dynamics

The global conductive ink market is driven by a host of factors, some of which are noted below:

• Surge Growth in the Electronics Industry: The growing demand for electronics and consumer devices, including smartphones, tablets, wearables, and IoT devices, has heightened the need for conductive inks in various applications.
• Printed Electronics and Flexible Electronics: Conductive inks are gaining popularity for their lightweight, thin, and bendable properties, enabling the creation of flexible electronics, displays, sensors, and other innovative products.

To get the full scope of the report, Click here.

• Developments in Materials: Research and development have led to the development of new conductive ink formulations, enhancing conductivity, durability, and compatibility with various substrates, broadening their applications.
• Electronics Miniaturization: The growing size and compactness of electronic devices have led to a surge in the demand for conductive inks for creating intricate circuits and components in confined spaces.
• Energy Efficient: The increasing demand for renewable energy sources and energy-efficient devices is driving the use of conductive inks in energy storage applications like printed batteries and supercapacitors.
• Environmental Factors: Conductive inks are preferred due to their environmentally friendly properties, reduced waste, and compatibility with various substrates like paper and plastics.
• Cost-Efficient Manufacturing: Conductive ink printing is a cost-effective and efficient alternative to traditional manufacturing methods for certain electronic components, making it a popular choice for manufacturers seeking cost savings.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories:

By Application Type:

• Photovoltaics (PV)
• Membrane Switches 
• Displays 
• Carbon Nanotube 
• Automotive 
• Bio-Sensors 
• 7.7 Radio-Frequency Identification (RFID) 
• Smart Packaging 
• Printed Circuit Board (PCB) 
• Conductive Pastes 
• Touch Panel Edge Electrodes
• 3D Antennas & Conformal Printing 
• Thermoformed Electronics 
• Electronic Textiles 
• Thermal Heating 
• Others 

By Type:

• Silver-Based Conductive Inks
  • (Type Analysis: Silver Flakes, Silver Nanowires, and Silver Nanoparticles)
• Copper-Based Conductive Inks
  • (Type Analysis: Copper Flakes, Copper Nanoparticles, Copper Oxide Nanoparticles, and Silver-Coated Copper Nanoparticles)
• Conductive Polymer Inks 
• Carbon Nanotube (CNT) Inks)
• Carbon/Graphene Inks 
• Dielectric Inks 
• Others
  • (Type Analysis: Gold-Based Inks, Aluminum-Based Inks, and Nickel-Based Inks)

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Segment Analysis

By Type

The global conductive ink market is segmented into silver inks, copper inks, carbon nanotube inks, carbon/graphene inks, conductive polymers, and others. The silver ink segment held the largest share of more than 20% in 2022 and is expected to remain dominant during the forecast period. The extensive use of silver ink in photovoltaic applications is the key driver for its dominance.

By Application

The global conductive ink market is segmented as photovoltaics, membrane switches, displays, automotive, bio-sensors, RFID, PCB, thermal heating, and others. The RFID segment dominates the market as the use of conductive inks in the printing of RFID chips offers several benefits, such as reduction in size and faster and more efficient production, which result in low cost of production and rising demand for RFID tags, which are propelling the growth of the segment during the forecast period.

By Region

Asia-Pacific is estimated to be the largest as well as fastest-growing market with a share of more than 55% in 2022, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of photovoltaics, PCBs, touchscreen products, and the increasing use of windshield sensors in vehicles. North America and Europe are also expected to offer substantial growth opportunities during the forecast period. 

Want to know which region offers the best growth opportunities? Register here.

key Players

Some of the major manufacturers are-

• Poly-Ink
• Sun Chemical Corporation
• NovaCentrix
• Creative Materials Inc.
• Applied Ink Solutions
• Henkel AG & Co.
• KGaA
• Heraeus Holding GmbH
• Johnson Matthey
• Vorbeck Materials
• DowDuPont

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

What Deliverables Will You Get in this Report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Recent Developments

On 6 September 2023, Carnegie Mellon University and the University of Coimbra developed an eco-friendly conductive ink for thin-film circuitry, reducing electronic waste by 2.4% and offering stretchability up to 200% strain.

On 1 February 2023, International Paper introduced OHMEGA® Conductive Ink + Touchcode™, an eco-friendly ink technology that enhances brand protection in packaging by creating exclusive digital content and tracking customer engagement.

On 27 January 2023, Celanese Corporation Micromax Conductive Inks introduced nine new product grades for printed electronics at the IPC APEX EPXO, catering to consumer and high-temperature applications and offering design and manufacturing flexibility.

On 2 March 2023, Sun Chemical showcased its material solutions for printed electronics and biosensor applications at the LOPEC conference, including SunTronic, SunSens, and SunTronic inks for capacitive switches, LED-curable dielectric inks, and biosensors.