The global conductive
ink market is expected to
reach USD 4.37 billion by 2024, according to a new report by Grand View
Research, Inc. Robust demand for miniaturization coupled with efficiency in the
electronics industry is expected to fuel the global conductive ink market over
the forecast period. These inks are also likely to replace bulky energy
consuming wire and circuits in the future. Conductive inks are smaller in size
and provide better durability & efficiency as compared to traditional wire
circuits.
Factors such as lack of product
education, advertisements and information sharing on the part of the
manufacturers are expected to critically impact the total market over the
forecast period. Researchers and renowned brand owners are trying to overcome
these difficulties through the help of media, which is anticipated to create
new avenues for industry participants.
In recent years, silver
conductive inks have been widely used for various applications owing to its
excellent printability and conductivity. However, high prices coupled with
scarce availability have forced the manufacturers to introduce its
alternatives, which are relatively less expensive, and exhibits same qualities
as silver. Copper-based & graphene-based conductive inks are less costly
and free from aggregation & oxidation problems.
Moreover, recent advances are
being made by manufacturers to introduce newer formulations containing minimal
silver formulations. ABLESTIK ECIV-1001, primarily used in automobile
application, is a traditional conductive silver ink which is inexpensive and
has less silver content.
U.S. conductive ink market
revenue by product, 2014 - 2024 (USD Million)
Browse full research report on Conductive
Ink Market
Further key findings from the report suggest:
- Conductive
ink usage in display technology is presumed to grow at an estimated CAGR
of 4.1% over the next eight years. This technology is widely used in smart
phone innovations and other electronic devices. The increased levels of
resolutions coupled with better picture density have resulted in the
growth of conductive inks. Silver inks are being widely used in flexible
circuitry display devices.
- Asia Pacific
emerged as the most dominant regional market and accounted for over70% of
total market revenue in 2015. The regional growth can be attributed to the
continuous expansion of consumer electronics, printed electronics, and
photovoltaic application segment.
- The global
conductive ink market is consolidated in nature as a handful number of
industry participants holding a major share of the overall market.
Industry participants include Polyink, Novacentix, Creative Material,
Inc., Sun Chemical Corporation, Voxel 8, and Johnson Matthey Color
Technology.
For more information:
http://www.grandviewresearch.com
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