Conductive Inks Market size is poised to reach USD 6 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of conductive inks was USD 3 Billion. The reason behind the growth is due to the growing adoption of renewable energy sources across the world. Nowadays, about one-seventh of the primary energy produced worldwide comes from renewable sources since when compared to coal, oil, or gas, renewable energy sources such as wind and solar are typically less expensive, widely available, and emit little to no greenhouse gases.
According to the International Energy Agency, global renewable electricity capacity is expected to reach around 4,800 GW by 2026, an increase of more than 60% from 2020 levels.
The growing developments in ink technology are believed to fuel the market growth. For instance, PV Nano Cell Ltd. an innovative provider of inkjet-based conductive digital printing solutions announced the development of new carbon-based ink with high resistivity that is used to print resistors.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~5% |
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Base Year Market Size (2023) |
~ USD 3 Billion |
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Forecast Year Market Size (2036) |
~ USD 6 Billion |
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Regional Scope |
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Product (Conductive Silver Ink, Conductive Copper Ink, Conductive Polymers, Carbon Nanotube Ink, Dielectric Inks, Carbon/Graphene Ink)
The conductive silver ink segment is estimated to hold 40% share of the global conductive inks market in the coming years. For highly conductive printed electronic applications, conductive silver ink is used, and it is also particularly appropriate for the development of in-molded electronics with 3D shapes since silver has good thermal and electrical conductivity. A broad range of substrates, such as polyester, Mylar, glass, polycarbonate, polyimide, Kapton, and ITO-coated surfaces, can be adhered to by silver conductive inks, which are also used to print longer and narrower circuit trace lines without sacrificing total maximum ohm values.
For conductive ink formulations, silver (Ag), a highly conductive metal, provides several benefits for a variety of applications, including capacitive HMI (human-machine interaction), since silver in particular oxidizes slowly, forming a layer of conductive oxide that is unaffected by the ink's conductivity during this process.
In addition, copper (Cu) inks have emerged as the newest and most popular conductive inks owing to their low cost and great conductivity, which makes them one of the best options for the conductive layer in flexible printed electronics. Numerous research has demonstrated that printing with copper-based inks can result in high conductivity making it useful for various uses of copper inks for electronic devices, including sensors, thin-film transistors, and transparent conductive electrodes.
Application (Photovoltaic, Membrane Switches, Displays, Automotive, Smart Packaging, Biosensors, Printed Circuit Boards)
The photovoltaic segment in the conductive inks market is set to garner a notable share shortly. A well-established technique for metalizing solar panels' upper surfaces to extract charge is conductive inks that can be utilized with ink-jet printing to create printed organic photovoltaic solar cell panels on extremely thin, flexible surfaces. Moreover, the conductive inks are expected to advance owing to the photovoltaic system's ongoing technological advancements, and the benefits offered by conductive ink such as incredibly low resistance, which is crucial for the solar sector.
Our in-depth analysis of the global conductive inks market includes the following segments:
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Product |
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Application |
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APAC Market Forecast
Conductive inks market in North America is predicted to account for the largest share of 45% by 2036 impelled by the increasing manufacturing of PCBs. China is one of the biggest makers of printed circuit boards worldwide and has grown to be a well-liked location for the production of PCB prototypes owing to its low cost of manufacturing. China produced around USD 77 billion worth of PCBs in 2021. Followed by China, Taiwan has become a global leader in the printed circuit board (PCB) business, controlling over 32% of the market with more than 25 manufacturers holding significant market share. For instance, Taiwan's output volume for printed circuit boards was over USD 620 million square feet in 2022.
In addition, India has an abundance of solar energy, and by the end of 2022, it was ranked fifth globally in terms of solar PV deployment. As a result, the demand for conductive ink may significantly rise in the region.
North American Market Statistics
The North America conductive inks market is estimated to be the second largest, during the forecast timeframe led by the increasing personal disposable income. The high disposable income encourages consumers to purchase electronics, which may drive market growth in the region. For instance, the United States' disposable personal income rose by around 0.3% in November 2023 compared to the same month the previous year.
Author Credits: Smruti Ranjan, Rajrani Baghel
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