Conductive Ink Market Share Analysis | 2023-2028

Market Insights

The conductive ink market was estimated at USD 3.5 billion in 2023 and is likely to grow at a CAGR of 3.95% during 2023-2028 to reach USD 4.31 billion in 2028.

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Market Dynamics

Introduction

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 Drivers

The 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.
• 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.

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Key Players

The following are the key players in the conductive ink market:

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

Segment Analysis

By Type

"Silver ink segment held the largest share of more than 20% in 2022 and is expected to remain dominant during the forecast period"

The 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 Type

"RFID segment dominates the market during the forecast period"

The 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.

Regional Analysis

"Asia-Pacific is estimated to be the largest as well as fastest-growing market with a share of more than 55% in 2022"

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.

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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.

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s conductive ink market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 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 conductive ink 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
• Copper-Based Conductive Inks
• Conductive Polymer Inks 
• Carbon Nanotube (CNT) Inks)
• Carbon/Graphene Inks 
• Dielectric Inks 
• Others

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)

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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.