Conductive Inks Market to Surge Past US$ 4.4 billion by 2025, Driven by Growing Application in Smart Display Devices and Photovoltaic Cells - Coherent Market Insights

Published On : Sep 15, 2017

The Global Conductive Inks Market was valued at US$ 2,459.7 million in 2015 and is projected to expand at a CAGR of 6.2% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Growing proliferation of printed electronics, smart devices, printed batteries, and increasing application of conductive inks in high-end medical devices and photovoltaic cells are projected to be foremost factors driving the growth of global conductive inks market over the forecast period.

Increasing application of conductive inks in smart packaging, OLEDs, flexible displays, thin film transistors, and smart textiles is projected to surge the demand for conductive inks over the forecast period. Adoption of printed batteries, as they are rechargeable and flexible, is another foremost ongoing development in the printed electronics field, which is simultaneously boosting the demand for conductive inks globally. Photovoltaic, displays, and sensors are some of the prime application areas of conductive inks, which is projected to fuel the market growth. Growing application of conductive inks in logic, energy storage devices, memory, printed circuit boards, and mobile chips is projected to act as a key driver for the market over the forecast period.

Growth in revenue of the global conductive inks market is attributable to growing application in RFID tags and lighting. Increasing use of conductive inks across displays, medical devices, consumer electronics, and automotive is contributing to the positive growth of the market. Major companies are focusing on ink formulations, which primarily addresses the demands of fineline printing, which will further accelerate the growth of conductive inks market.

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Conductive inks are widely used in stretchable and flexible electronics and smartphones due to their properties such as oxidative stability and high conductivity of silver and copper. Furthermore, it has applications in various printed electronics such as health monitors, communication devices, and OLED displays. Water-based inks tend to be more viscosity stable on press due to the slower evaporating nature of water, which is propelling demand for conductive inks. Its extensive application in advanced medical and electronic devices along with sensors and industrial equipment is expected to drive growth of the market. However, high cost of silver conductive inks and price fluctuations despite extensive sales and the steady demand are restraining growth of the market. However, introduction of gold and nickel-based inks and high investments in R&D by manufacturers to develop new products is expected to drive growth of the market over the forecast period.

Key Takeaways of the Conductive Inks Market:

  • The global Conductive Inks market is estimated to increase at a CAGR of 6.2% over the forecast period (2017–2025) as there exists a huge demanding market especially in Asia Pacific and Europe
  • The Silver Conductive Inks dominates the market in the product segment, owing to its increasing application in smart devices
  • Photovoltaic is a major application area of Conductive Inks market, as silver conductive inks are widely used in photovoltaic cells, which primarily accelerates the adoption of printed electronics and solar photovoltaic (PV)
  • Some of the major players involved in the global Conductive Inks market are E.l. du Pont de Nemours and Company, Henkel AG & Co. KGaA, Vorbeck Materials Corporation Inc., Intrinsiq Materials Inc., Johnson Matthey plc, Heraeus Holding GmbH, Sun Chemical Corporation, Applied Ink Solutions, Creative Materials Inc., and NovaCentrix

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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