Global Conductive Ink Market Share Likely to Grow at a CAGR of 4.1% By 2033

According to Custom Market Insights (CMI), The Global Conductive Ink Market size was estimated at USD 3.8 billion in 2021 and is expected to hit around USD 9.8 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.1 % from 2022 to 2030.

Conductive ink comprises a conductive material, a thermoplastic polyvinyl butyral terpolymer binder, and a glycol ether solvent and carbon particle, which is infused into the ink due to its suitable conductive property. It is widely used in automobiles, electronics, displays, switches, and many others.

Browse the full “Conductive Ink Market Size, Trends and Insights By Product Type (Silver Inks, Copper Inks, Carbon Nanotube inks, Carbon/Graphene Inks), By Application (Photovoltaics, Membrane Switches, Displays, RFID, Electronics, Automotive, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” report at https://www.custommarketinsights.com/report/conductive-ink-market/

Market Dynamics.

Drivers.

The growing use of conductive ink in the automotive and electronics sectors will aid market growth.

The rising incidences of short circuits in the electrical components have escalated the demand for conductive inks, which are extensively replaced with wires and copper tracks. This factor is anticipated to enhance the overall demand for conductive inks in the growing electronics industry. 

A rise in urbanization drives the growth of the Conductive Ink Market, an increase in the use of renewable energy, and support from governments of developed and developing nations such as the U.S., India, China, and others are key market trends for the Conductive Ink Market. Photovoltaic cells convert solar energy to direct current electricity, whereas conductive inks can be used on flexible and rigid substrates for thin film and photovoltaic grid line applications. Merk KGaA Company offers Plexcore PV Inks for a printed solar power system. This is projected to propel the market’s conductive ink growth.

Restraints.

However, there is a lack of requirement for high-tech technology, and chemical compatibility for the formulation of polymers is one of the restraining factors for the conductive ink market. Furthermore, the adoption of alternative substitutes over expensive silver-based conductive ink. These factors together are hampering the overall market growth. 

Opportunities.

Several vital companies actively manufacture cost-effective alternative substitutes over costly silver-based conductive inks, whereas graphene-based inks are widely employed in various end-use industries. These factors collectively witnessed high potential growth for conductive inks, thus offering remunerative market opportunities.

Challenges.

The fluctuation in the prices of silver-based conductive ink may be a challenging factor during the forecast period. In addition, installing high-tech technology for nonconductive inks is off challenging the manufacturer thus, the market.

Report Highlights.

The segment silver inks, copper inks, carbon nanotube inks, and carbon/graphene inks are based on grade. 

The silver ink segment dominated the market in 2021 and is expected to grow over the forecast period. Silver ink is the most essential and precious metal conductive ink suitable for 3D printing and additive manufacturing applications. In addition, American Elements Company offers silver-based conductive ink AMERICAN ELEMENTS for custom compositions for commercial and research applications and new proprietary technologies.

Based on Application, the segment includes photovoltaics, membrane switches, displays, RFID, electronics, automotive, and others. It is expected that the global photovoltaics segment to hold a dominant position during 2022 -2031. 

The rising concern for a clean environment and the increase in renewable and sustainable energy usage has spurred the use of conductive inks. In response, the increasing population and growth in the electricity demand have augmented to enhance the various types of conductive ink, including silver and graphene-based ink. These factors are projected to grow conductive ink during the forecast period.

Regional Snapshots. 

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

Asia-Pacific is the dominant region in the Conductive Ink Market. This region is also anticipated to maintain its dominance throughout the forecast period. Countries such as China, Japan, India, and others significantly contribute to the region’s conductive ink market growth. 

Critical factors for the rising population and growing demand for electric vehicles, electronic components, and other end-use industries have surged the need for conductive ink.

Furthermore, the rising use of sustainable and renewable energy, growing industrialization, urbanization, and increase in the electricity demand has augmented to spur the growth of conductive inks in the photovoltaic Application in the countries such as India, China, Southeast Asia countries, and others are expected to act as key market trends for the growth of.

Report Scope

Key Players 

• BASF SE
• EverZinc
• Griller-Werke AG
• Inframat Advanced Material LLC
• Lanxess Corporation
• Nanophase Technologies Corporation
• Pan-Continental Chemical Co. Ltd.
• Sakai Chemical Industry Co. Ltd.
• Showa Denko Materials Co. Ltd.
• Umicore N.V.
• American Elements
• Nano Labs
• U.S. Research Nanomaterials Inc.
• Sigma-Aldrich Co. LLC
• Micronisers Pty Ltd

COVID-19 Analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused considerable losses to lives and the economy around the globe. 

The conductive ink market has had little impact due to the wake of the COVID-19 pandemic; owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.

Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown.  

However, the conductive ink market faced several difficulties with material supply chain disruptions, and labour shortages, in 2020. 

Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the photovoltaic industry. Also, several conductive ink-based product manufacturing companies have shut down or shrunk their operations due to the risk of infection among the workforce. 

This has temporarily hampered the demand and supply chain of the conductive ink market. In addition, the falling income of customers has led contraction in demand for electronic components, displays, witches, automotive components, and others during the COVID-19 period.  

In the first quarter of 2021, the market for conductive ink experienced an increase in the demand for conductive ink chemicals in automotive, photovoltaics, electronics, RIFD, and other end-use industries worldwide, compared to that in 2020.

Segments covered in the report.

By Product Type

• Silver Inks
• Copper Inks
• Carbon Nanotube inks
• Carbon/Graphene Inks 

By Application 

• Photovoltaics
• Membrane Switches
• Displays
• RFID
• Electronics
• Automotive
• Others 

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

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

Asia Pacific

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

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America