The market for conductive ink is expected to register a CAGR of more than 4% globally during the forecast period. The growing installation of solar panels and the increasing production of smart and miniaturized electronics have been driving the market studied. On the flip side, the requirement of high-end technologies has been hindering the growth of the market studied.
- The photovoltaics segment dominated the market and is expected to grow during the forecast period.
- The Asia-Pacific region dominated the market across the world, with the largest consumption coming from countries, such as China, India, and Japan.
Key Market Trends
Growing Demand from Photovoltaic Segment
- Conductive ink, owing to its high conductivity, low sheet resistivity, excellent adhesion to indium tin oxide and cadmium tin oxide, superior printing resolution, and its low curing temperature, has been widely used in solar cell panels.
- Moreover, the solar (photovoltaic) industry has been facing significant pressures to both reduce raw materials costs and increase production efficiency, in order to compete with traditional grid power systems. In such a scenario, the usage of conductive inks acts as a viable solution to the industry.
- Globally, the photovoltaic (PV) industry has been increasing at a steady pace, with China leading the global PV market, in terms of capacity additions through the current and future years.
- According to the International Energy Agency, total global solar PV capacity additions were 97 gigawatts (GW) in 2018, accounting for around half of total net renewable capacity growth. Capacity additions further grew through 2019 in the global market.
- Moreover, over 14O GW of global solar capacity is expected to be added in 2020 globally.
- Overall, all such factors are expected to drive the market for conductive ink in photovoltaic application through the years to come.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region, owing to countries, such as China, India, and Japan, has emerged as the leading consumer of conductive inks in the global market.
- China leads the photovoltaic capacity additions in both the Asia-Pacific and the global market. It is expected that most of the capacity addition through the coming years is to come from China, India, and other Asia-Pacific countries. Additionally, China leads almost the entire value chain of the electronics production market globally and is also significantly investing in finding new ways to rapidly develop miniaturization of electronics products.
- In 2019, the total installed solar PV capacity was 30.1 GW which was significantly lower than the total installation in 2018. In 2020, the estimated solar PV additions are forecast to be about 40 GW.
- India is all set to cross the 100 GW renewable energy capacity mark (of which a significant portion accounts to solar energy) by 2020 and has been trying to make rapid strides towards the ambitious 175 GW clean energy target by 2022. In India, the production of electronics is limited when compared to the global market; however, the country is among the fastest growing market for electronics parts globally.
- Overall, such factors are expected to drive the market for conductive ink in Asia-Pacific region through the years to come.
The global conductive ink market is partially consolidated in nature, with a few major players occupying a significant position in the global market. Some of the major companies operating in the market are Sun Chemical, Vorbeck Materials, DuPont, Henkel AG & Co. KGaA, and Heraeus Holding, among others.
- The market estimate (ME) sheet in Excel format
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Table of Contents
1.2 Scope of the Study
4.1.1 Growing Installation of Solar Panels
4.1.2 Increasing Production of Smart and Miniaturized Electronics
4.2.1 Requirement of High-end Technologies
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5.1.4 Carbon Nanotubes
5.1.6 Conductive Polymers
5.1.7 Other Types
5.2.2 Logic and Memory
5.2.4 Touchscreens and Displays
5.2.5 Conductive Pastes
5.2.6 Printed Circuit Boards
5.2.7 Other Applications
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.3.2 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Ad-Nano Technologies Private Limited
6.4.2 Applied Ink Solutions c/o Kayaku Advanced Materials Inc.
6.4.3 Bare Conductive
6.4.4 Creative Materials Inc.
6.4.5 Daicel Corporation
6.4.7 Henkel AG & Co. KGaA
6.4.8 Heraeus Holding
6.4.9 InkTec Co. Ltd
6.4.10 Johnson Matthey
6.4.12 Sun Chemical
6.4.13 Vorbeck Materials
7.2 Other Opportunities
A selection of companies mentioned in this report includes:
- Ad-Nano Technologies Private Limited
- Applied Ink Solutions c/o Kayaku Advanced Materials Inc.
- Bare Conductive
- Creative Materials Inc.
- Daicel Corporation
- Henkel AG & Co. KGaA
- Heraeus Holding
- InkTec Co. Ltd
- Johnson Matthey
- Sun Chemical
- Vorbeck Materials