According to our research, the Global Conductive Ink Market is estimated to increase at a CAGR of 4%, from USD 2.91 billion in 2020 to USD 3.98 billion in 2027.
Inks that conduct electricity During the forecasted timeframe, the market is likely to rise at a considerable CAGR. Printed circuit board technology's widespread application in medical, electronic, and solar appliances will boost the conductive inks market growth throughout the projection period. The product is widely used in electrical gadgets with touch screens. Membrane touch switches, desktop keyboards, heating elements, touch screens, automotive sensors, EL lights, printed circuit boards, and potentiometers are all examples of where it's employed. When compared to traditional industry standards such as etching copper through copper plated surfaces, the product provides a cost-effective alternative for providing efficient conductive traces across its application.
The automotive sector is one of the most important end-users of conductive inks. As a result, as the product is widely employed in the fabrication of automotive sensors, increasing automotive production and sales will eventually fuel industry growth. In 2017, for example, total automobile sales (commercial and personal cars) exceeded 96 million units.
Conductive inks are less costly than previous techniques, but they are still less stiff on unstable surfaces like printed paper and plastic sheets. Shortly, it might be a stumbling block to the expansion of the conductive inks business. Technological improvements in the healthcare and medical device manufacturing industries lead to increased device functionality and accuracy. Conductive inks are essential for achieving great accuracy.
Rising Demand for Smaller Devices
Environmental regulations have been imposed by governments around the world to encourage industries to reduce the number of heavy materials used in devices by replacing them with lightweight advanced materials. In addition to this, customer desire for tiny and lightweight gadgets has raised the need for product miniaturization in the consumer electronics sector. To increase functional features, minimize material input, and conserve energy, lightweight construction is adopted. Conductive inks are efficient, effective, and dependable, and are frequently utilized to improve efficiency and reduce the weight of electronic components by replacing traditional wire and circuit arrangements.
Alternatives to silver-based conductive inks are being developed
Due to rising silver prices, more cost-effective alternatives to silver-based conductive inks are required. As an alternative, graphene-based conductive inks have been developed. Graphene is the most conductive form of carbon, consisting of a single layer of carbon atoms. It can give mechanical flexibility and great performance at a cheap cost, as well as aid in the corrosion protection of metals. Complex devices can utilize graphene-based conductive inks to obtain excellent conductivity even at the most delicate levels. Silver, copper, and carbon are commonly used in the production of conductive inks. Copper is less costly but more prone to oxidation than silver, which is highly conductive yet expensive.
Graphene, on the other hand, is a good substitute for these materials since it can give the same qualities at a lower cost. In applications such as displays and RFID antennas, graphene-based conductive inks may easily compete with silver-based and carbon-based conductive inks. The usage of graphene-based conductive inks is still in the early stages of development, but it is expected to become commercially viable shortly. Various firms are turning to this option to provide cost-effective and high-performance solutions, presenting an opportunity for conductive inks makers.
Rising Demand for Advanced Technologies
Different types of metals, such as silver and copper, are used to make conductive inks, or carbon particles are used. In many applications, carbon particles are favored because they provide appropriate technical qualities at a moderate cost. Carbon inks have a low and unpredictable conductivity when compared to other metals. Direct conductivity can only be obtained utilizing carbon particles by curing, which is a time-consuming and expensive procedure.
The lack of chemical compatibility with most polymers, which is required for mechanical durability, is a key impediment to the expansion of the conductive inks business. In addition, there is a need to create technologies that can provide conductive inks with long-term stability for commercial applications. This problem is most prevalent with nanoparticle inks, due to the high cost of the technology necessary for their application. The need for improving the use of conductive inks in specialized printing processes has grown as a result of new applications. Despite these flaws, growing attention to innovation and R&D efforts is predicted to result in more cost-effective and dependable conductive ink technologies in the future.
Silver-based conductive inks are expensive
Silver is one of the most widely used metals in the electronics industry because of its high conductivity, oxidation stability, and other unique properties. However, the fluctuations in silver prices have created a shift toward low-cost conductive metals such as copper, carbon, graphene, and aluminum. The rising cost of silver has necessitated either a reduction in the usage of costly materials or their replacement. However, the qualities of the alternatives on offer are only somewhat better than silvers. It is impossible to completely replace silver with alternate materials. Traditional silver conductive inks are being replaced with new inks such as silver flakes and nano silver-based inks to mitigate the effect of rising silver costs. These inks have the same conductivity as ordinary conductive inks but need a less amount of silver. Despite these benefits, the usage of nanosilver inks has yet to gain traction. The inks are substantially more expensive than ordinary silver inks and pastes due to the technology and instruments required for their application.
Silver inks are the most popular form because they are commonly employed in photovoltaic applications. The utilization of silver inks is driving the emerging trend of integrating several technologies. During the projection period, the silver conductive inks sector is expected to have the biggest share. Silver inks are the most popular because they are commonly employed in photovoltaic applications. The utilization of silver inks is driving the emerging trend of integrating several technologies.
During the projection period, the RFID application is expected to have the greatest CAGR. The use of conductive inks in the printing of RFID chips has various advantages, including size reduction and faster and more efficient production, resulting in lower production costs. The industry is predicted to expand due to the rising demand for RFID tags.
NOTABLE DEVELOPMENTS IN THE CONDUCTIVE INKS MARKET
Impact of Covid-19 on the industry
The Outbreak of Covid-19 has impacted the conductive ink market positively as the demand for medical devices where the conductive ink is used on a large scale has increased exponentially. Pharmaceutical companies are playing an important role in surging the demand for conductive ink, to produce medical devices that are important for the diagnosis of Covid-19 and other related diseases.
Chapter 1. Global Conductive Ink Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Global Conductive Ink Market – Executive Summary
2.1. Market Size & Forecast – (2022 – 2027) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2022 - 2027
2.3.2. Impact on Supply – Demand
Chapter 3. Global Conductive Ink Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Global Conductive Ink Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Global Conductive Ink Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6.Global Conductive Ink Market – By Type
6.1. Silver inks
6.2. Carbon nanotube inks
6.3. Carbon/graphene inks
6.4. Copper Flakes
6.5. Copper Nanoparticles
6.6. Copper Oxide Nanoparticle Inks
6.7. Conductive Polymer
6.8. Copper Flakes
6.9. Copper Nanoparticles
6.10. Copper Oxide Nanoparticle Inks
6.11. Conductive Polymer
6.12. Copper Oxide Nanoparticle Inks
6.13. Conductive Polymer
6.14. Copper Flakes
6.15. Copper Nanoparticles
6.16. Copper Oxide Nanoparticle Inks
6.17. Conductive Polymer
Chapter 7.Global Conductive Ink Market – By Application
7.3. Printed Circuit Boards
7.4. Thermal Heating
7.6. Membrane Switches
7.9. Pharmaceutical Formulation
7.10. Food & Nutrition
Chapter 8.Global Conductive Ink Market – By Geography & Region
8.1. North America
8.4. Latin America
8.5. The Middle East and Africa
Global Conductive Inks Market- By Companies
9.1. Henkel AG & Co.
9.2. KGaA Heraeus Holding GmbH
9.3. Johnson Matthey
9.5. Poly-ink, Novacentix
9.6. Creative Material
9.7. Parker Chromerics
9.8. Applied Nanotech
9.9. Pchem Associates
9.10. Johnson Matthey Color Technology
Chapter 10. Global Conductive Ink Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
10.1. Company 1
10.2. Company 2
10.3. Company 3
10.4. Company 4
10.5 Company 5
10.6. Company 6
10.7. Company 7
10.8. Company 8
10.9. Company 9
10.10. Company 10
Primary & Secondary Sources to Collect & Validate Data
Utilization of Both Top Down & Bottom Up Approach
Holistic Research Methodology
Scope & Introductory Research
In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.
Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders.
At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.
At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.
Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report.
Quality Assurance & Report Preparation
Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.