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). The 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: