Global Conductive Inks Market Overview 2030 -
As per MRFR analysis, the Conductive Inks Market is expected to reach more than USD 4.22 billion by 2030 with a CAGR of 4%. The Conductive Inks Market has seen a remarkable growth over the past few years and it has been expected that the global market will experience the same growth during the forecast period.
The global Conductive Inks Market is likely to grow at a significant CAGR between 2021- 2030, reveals the new Market Research Future (MRFR) report.
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Prominent Players Detail:
Some of the key players in this market are Henkel AG Co, Dupont, Johnson Matthey, Sun Chemical Corporation, Parker Chromerics, Poly-ink, Creative Material Inc, Pchem Associates, Vorbeck Materials Corporation, Novacentrix and others.
On the contrary, strict governmental measures pertaining to the use of brominated flame retardants in electronic equipment and textile, and its toxic properties are factors that may limit the global Conductive Inks Market growth over the forecast period.
The global Conductive Inks Market has seen potential growth in the last year and is expected to expand significantly in the coming years. The transition witnessed various technological advances and changes in the wireless communication sector, owing to the ever growing demand for smartphones with enhanced features; increased storage space, for instance. Miniaturization is a prominent trend noted in the global smartphone and tablet market, where the size of the electronic components used in the manufacturing of smartphones and tablets are reduced without jeopardizing its performance and quality. In order to achieve fine line printing in the miniaturized components the manufacturers need inks with advance formulations, which in turn is driving the market for conductive inks.
Global Conductive Inks Market Share is growing with the rapid pace; mainly due to advancement in technologies. According to a recent study report published by the Market Research Future, The global market of Conductive Inks is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2030, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2021 – 2030).
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Industry/ Innovation/ Related News:
October, 2017 – Nano Dimension, a leading name in the conductive ink market space has opened its new production plant for Nano particle ink production. The facility is dedicated towards production of advanced nanoparticle conductive and dielectric inks.
May, 2016 – DuPont (Now DowDupont) launched new conductive ink for digital printing applications. The new product from the company will enable digital printing of various electronic components and circuits such as OLED panels, solar cells, printed antennae and touch panels where fine line of printing is required
Conductive Inks Market - Segments:
The report is segmented in to three Key dynamics for an easy grasp and enhanced understanding.
By Product Types: Comprises - Silver Conductive Inks, Dielectric Inks, Electrically Conductive Inks, Copper Conductive Inks, and Carbon Inks among others
By Applications : Automotive, Consumer Electronics, Energy, Packaging and Utilities, among others.
By Regions: North America, Europe, APAC and Rest of the World.
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Industry News:
In 2019, Global speciality chemicals company ICL’s Industrial Production division (ICL-IP) announced its strategic agreements with its Asian customers to expand the capacity of bromine compounds. The agreements will look to increase the production capacity of its TBBA bromine compound by up to 25,000mtpa.
Major Regions
North America, APAC/Asia Pacific, along with Europe and RoW/Rest of the World are the main markets for conductive inks worldwide.
APAC can emerge as the biggest as well as the fastest expanding market, as conductive inks are increasingly finding applications in RFID, photovoltaics, membrane switches, displays, automotive, PCB, among others. A growing industrial base, supportive government initiatives, and cheap labor costs are also working in favor of the APAC market. Increasing spending by India and China on setting up of solar photovoltaic systems has fostered the demand for conductive inks as well. A few key macroeconomic factors contributing to market growth can be the burgeoning middle class populace, escalating disposable income, and surge in urbanization. China forms roughly 30% of the worldwide automotive manufacturing and has therefore, emerge as the leading market for conductive inks not only in the region but also globally. Fast-paced industrialization across the region and the rising consumer spending capacity has raised the sales of electronic products, particularly in Indonesia and India. This trend is anticipated to foster the demand for conductive inks in the region over the upcoming period.
North America is a lucrative market, given its stand as a prominent automobile producer in the world and the resultant increase in consumption of conductive inks. Significant disposable income, supreme large-scale production capacity, and impressive product variation are continuously fostering North America’s position in the global market. The US market is a strong one in the region, thanks to the widespread distribution network of a large number of reputed players in the country.
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