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Conductive Inks Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and Application

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    Report

  • 167 Pages
  • May 2022
  • Region: Global
  • The Insight Partners
  • ID: 5623556
UP TO OFF until Mar 15th 2023
The Conductive Inks market was valued at US$ 3,565.80 million in 2021 and is expected to reach US$ 5,119.80 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2022 to 2028.

The rising awareness among consumers regarding miniature, lightweight, and efficient electronic medical gadgets is driving the conductive inks market growth. Thus, many companies operating in North America are investing in conductive ink-based medical devices, which supports the growth of the North American conductive inks market. For instance, on January 11, 2021, the Air Force Rapid Sustainment Office (RSO) awarded Electroninks a contract worth US$ 1.5 million to develop advanced manufacturing hardware and particle-free conductive inks for printed circuit boards. Furthermore, owing to the stringent government regulations for the safety of passengers, automobile manufacturers are focusing on advanced electronic and security systems of the vehicles. A few of the well-established players in the North America conductive inks market are DowDuPont, Heraeus Holding GmbH, Henkel AG & Co. KGaA, Johnson Matthey, Poly-Ink, Sun Chemical Corporation, and NovaCentrix.

The utilization of silver inks is driving the emerging trend of integrating several technologies. Moreover, strategic initiatives by the various conductive ink manufacturers, such as Electroninks, Henkel, DuPont, and Poly-Ink, are creating opportunities for the market growth. For instance, in 2022, Electroninks, the leader in particle-free metal inks and advanced conductive materials, announced the confirmation of an enhanced particle-free silver ink product with aerosol jet printing compatibility for ultra-fine line printing requirements for Electroninks’ commercial customers. Improving medical infrastructure; rising applications of conductive ink in advanced medical sensors; increasing consumption of miniaturized devices, smart devices, and printed batteries; and the high rate of commercialization of printed electronics in emerging economies are driving the conductive inks market in Asia Pacific.

Further, the rising inclination toward electric vehicles and the increasing adoption of 5G-based consumer electronics propel the use of conductive inks, which would create a lucrative opportunity for conductive inks market in the coming years. Governments across the world have enacted environmental restrictions to encourage industries to replace heavy materials in devices with modern lightweight materials. In addition, consumer desire for tiny and lightweight electronics has pushed the consumer electronics industry to miniaturize its products. Moreover, rapidly increasing IoT based application and increasing miniaturization trend are driving the conductive inks market.

Conductive inks offer various advantages, such as reduced material density and component weight and easy handling. As a result, the adoption of conductive inks is rising to improve the quality and quantity of smaller and efficient electronics. The use of conductive inks in printing RFID chips has several advantages, such as reduced size and faster and efficient production, resulting in low production costs. Therefore, the conductive ink industry is predicted to expand in the coming years due to the rising demand for RFID tags. The widespread usage of printed circuit board technology in medical, electronic, and solar appliances would drive the conductive inks market during the forecast period. The conductive ink product has a wide range of uses 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 among the most common applications of conductive inks market. The industry is driven by the growing need for smaller and efficient electronic devices. In printed electronics, conductive inks improve electric conductivity and efficiency. The use of silver conductive inks in PV cells and membrane switches has been identified as a key trend in the global conductive inks market.

The initial phase of the COVID-19 pandemic adversely impacted the growth of the conductive inks market. The stringent restrictions imposed by the European governments have disrupted the supply chain, discontinued the manufacturing and distribution of products, and hindered the business activities. Many conductive ink manufacturing companies in Europe, such as Johnson Matthey, Poly-ink, Heraeus Holding, and Henkel AG & Co. KGaA, discontinued their production due to a lack of raw materials. Flexible electronics are used in smart sensors, displays, and contactless sensors for vehicles in the automotive industry. The applications of conductive inks can also benefit electric vehicles. The total sales of vehicles in 2019 and 2020 were 21,575,118 and 16,942,248, respectively. Thus, a decline in sales negatively impacted the Europe conductive inks market. However, in 2021, the sales of vehicles improved, thereby creating lucrative opportunities for the key players operating in the conductive inks market. Thus, a few factors such as the growing flexible electronics (printed electronics) market; rising demand for electric vehicles; surging use of semiconductor technologies, such as GaN and SiC, in electric vehicles; and massive investments in the development of photovoltaic cells are driving the Europe conductive inks market.

The conductive inks market is segmented on the basis of type and application. Based on type, the market is segmented into silver conductive ink, carbon conductive ink, polymer conductive ink, copper conductive ink, and others. In 2021, the carbon conductive ink segment led the market and accounted for the largest market share. In terms of application, the market is segmented into solar panels, touch screens, membrane switches, medical devices, printed circuit boards, sensors, heating elements, radio frequency identification, cell phone antennas, automotive, and others. In 2021, the printed circuit board segment led the market and accounted for the largest market share. Geographically, the conductive inks market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for a significant share of the global market.

Applied Ink Solutions; DuPont DE Nemours, Inc.; Henkel AG and CO. KGAA; Inkron OY; Inktec; Heraeus; Novacentrix; POLY-INK; Merck KGAA; and Vorbeck Materials Corporation are among the key players operating in the global conductive inks market and profiled in the market study.

The overall global conductive inks market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the conductive inks market. The process also serves the purpose of obtaining an overview and forecast for the conductive inks market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the conductive inks market.


Frequently Asked Questions about the Global Conductive Inks Market

What is the estimated value of the Global Conductive Inks Market?

The Global Conductive Inks Market was estimated to be valued at $3744.49 million in 2022.

What is the growth rate of the Global Conductive Inks Market?

The growth rate of the Global Conductive Inks Market is 5.4%, with an estimated value of $5119.8 million by 2028.

What is the forecasted size of the Global Conductive Inks Market?

The Global Conductive Inks Market is estimated to be worth $5119.8 million by 2028.

Who are the key companies in the Global Conductive Inks Market?

Key companies in the Global Conductive Inks Market include Molex, DuPont, Henkel AG & Co. KGaA, Inkron (Nagase Group), InkTec, Heraeus, NovaCentrix, Poly and Merck KGaA.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Conductive Inks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Conductive Inks Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of RFID technology
5.1.2 Growing Demand for Miniaturized and Efficient Electronic Devices
5.2 Market Restraints
5.2.1 High cost of silver-based conductive inks
5.3 Market Opportunities
5.3.1 Increasing Adoption in Application Areas of Conductive Inks
5.4 Future Trends
5.4.1 Increasing Trend of Nano Copper Inks and Growing Installation of Solar Panels
5.5 Impact Analysis of Drivers and Restraints
6. Conductive Ink - Global Market Analysis
6.1 Global Conductive Inks Market Overview
6.2 Global Conductive Inks Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players
7. Conductive Inks Market Analysis - By Type
7.1 Overview
7.2 Conductive Inks Market, By Type (2021 and 2028)
7.3 Silver Conductive Ink
7.3.1 Overview
7.3.2 Silver Conductive Ink: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Carbon Conductive Ink
7.4.1 Overview
7.4.2 Carbon Conductive Ink: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Copper Conductive Ink
7.5.1 Overview
7.5.2 Copper Conductive Ink: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Polymer Conductive Ink
7.6.1 Overview
7.6.2 Polymer Conductive Ink: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8. Conductive Inks Market Analysis - By Application
8.1 Overview
8.2 Conductive Inks Market, By Application (2021 and 2028)
8.3 Solar Panels
8.3.1 Overview
8.3.2 Solar Panels: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Touch Screen
8.4.1 Overview
8.4.2 Touch Screen: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Membrane Switches
8.5.1 Overview
8.5.2 Membrane Switches: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Medical Devices
8.6.1 Overview
8.6.2 Medical Devices: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Printed Circuit Board
8.7.1 Overview
8.7.2 Printed Circuit Board: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Sensor
8.8.1 Overview
8.8.2 Sensor: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.9 Heating Elements
8.9.1 Overview
8.9.2 Heating Elements: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.10 Radio Frequency Identification
8.10.1 Overview
8.10.2 Radio Frequency Identification: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.11 Cell Phone Antenna
8.11.1 Overview
8.11.2 Cell Phone Antenna: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.12 Automotive
8.12.1 Overview
8.12.2 Automotive: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
8.13 Others
8.13.1 Overview
8.13.2 Others: Conductive Inks Market - Revenue and Forecast to 2028 (US$ Million)
9. Conductive Inks Market - Geographic Analysis
9.1 Overview
9.2 North America Conductive Inks Market - Revenue and Forecast to 2028
9.2.1 Overview
9.2.2 North America Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.2.3 North America Conductive Inks Market Breakdown, By Type
9.2.4 North America Conductive Inks Market Breakdown, By Application
9.2.5 North America Conductive Inks Market Breakdown, By Country
9.2.5.1 US Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.2.5.1.1 US Conductive Inks Market Breakdown, By Type
9.2.5.1.2 US Conductive Inks Market Breakdown, By Application
9.2.5.2 Canada Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.2.5.2.1 Canada Conductive Inks Market Breakdown, By Type
9.2.5.2.2 Canada Conductive Inks Market Breakdown, By Application
9.2.5.3 Mexico Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.2.5.3.1 Mexico Conductive Inks Market Breakdown, By Type
9.2.5.3.2 Mexico Conductive Inks Market Breakdown, By Application
9.3 Europe Conductive Inks Market - Revenue and Forecast to 2028
9.3.1 Overview
9.3.2 Europe Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.3.3 Europe Conductive Inks Market Breakdown, By Type
9.3.4 Europe Conductive Inks Market Breakdown, By Application
9.3.5 Europe Conductive Inks Market Breakdown, By Country
9.3.5.1 Germany Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.3.5.1.1 Germany Conductive Inks Market Breakdown, By Type
9.3.5.1.2 Germany Conductive Inks Market Breakdown, By Application
9.3.5.2 UK Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.3.5.2.1 UK Conductive Inks Market Breakdown, By Type
9.3.5.2.2 UK Conductive Inks Market Breakdown, By Application
9.3.5.3 France Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.3.5.3.1 France Conductive Inks Market Breakdown, By Type
9.3.5.3.2 France Conductive Inks Market Breakdown, By Application
9.3.5.4 Italy Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.3.5.4.1 Italy Conductive Inks Market Breakdown, By Type
9.3.5.4.2 Italy Conductive Inks Market Breakdown, By Application
9.3.5.5 Russia Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.3.5.5.1 Russia Conductive Inks Market Breakdown, By Type
9.3.5.5.2 Russia Conductive Inks Market Breakdown, By Application
9.3.5.6 Rest of Europe Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.3.5.6.1 Rest of Europe Conductive Inks Market Breakdown, By Type
9.3.5.6.2 Rest of Europe Conductive Inks Market Breakdown, By Application
9.4 APAC Conductive Inks Market - Revenue and Forecast to 2028
9.4.1 Overview
9.4.2 APAC Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.4.3 APAC Conductive Inks Market Breakdown, By Type
9.4.4 APAC Conductive Inks Market Breakdown, By Application
9.4.5 APAC Conductive Inks Market Breakdown, By Country
9.4.5.1 Australia Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.4.5.1.1 Australia Conductive Inks Market Breakdown, By Type
9.4.5.1.2 Australia Conductive Inks Market Breakdown, By Application
9.4.5.2 China Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.4.5.2.1 China Conductive Inks Market Breakdown, By Type
9.4.5.2.2 China Conductive Inks Market Breakdown, By Application
9.4.5.3 Japan Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.4.5.3.1 Japan Conductive Inks Market Breakdown, By Type
9.4.5.3.2 Japan Conductive Inks Market Breakdown, By Application
9.4.5.4 India Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.4.5.4.1 India Conductive Inks Market Breakdown, By Type
9.4.5.4.2 India Conductive Inks Market Breakdown, By Application
9.4.5.5 South Korea Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.4.5.5.1 South Korea Conductive Inks Market Breakdown, By Type
9.4.5.5.2 South Korea Conductive Inks Market Breakdown, By Application
9.4.5.6 Rest of APAC Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.4.5.6.1 Rest of APAC Conductive Inks Market Breakdown, By Type
9.4.5.6.2 Rest of APAC Conductive Inks Market Breakdown, By Application
9.5 MEA Conductive Inks Market - Revenue and Forecast to 2028
9.5.1 Overview
9.5.2 MEA Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.5.3 MEA Conductive Inks Market Breakdown, By Type
9.5.4 MEA Conductive Inks Market Breakdown, By Application
9.5.5 MEA Conductive Inks Market Breakdown, By Country
9.5.5.1 UAE Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.5.5.1.1 UAE Conductive Inks Market Breakdown, By Type
9.5.5.1.2 UAE Conductive Inks Market Breakdown, By Application
9.5.5.2 Saudi Arabia Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.5.5.2.1 Saudi Arabia Conductive Inks Market Breakdown, By Type
9.5.5.2.2 Saudi Arabia Conductive Inks Market Breakdown, By Application
9.5.5.3 South Africa Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.5.5.3.1 South Africa Conductive Inks Market Breakdown, By Type
9.5.5.3.2 South Africa Conductive Inks Market Breakdown, By Application
9.5.5.4 Rest of MEA Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.5.5.4.1 Rest of MEA Conductive Inks Market Breakdown, By Type
9.5.5.4.2 Rest of MEA Conductive Inks Market Breakdown, By Application
9.6 SAM Conductive Inks Market - Revenue and Forecast to 2028
9.6.1 Overview
9.6.2 SAM Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.6.3 SAM Conductive Inks Market Breakdown, By Type
9.6.4 SAM Conductive Inks Market Breakdown, By Application
9.6.5 SAM Conductive Inks Market Breakdown, By Country
9.6.5.1 Brazil Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.6.5.1.1 Brazil Conductive Inks Market Breakdown, By Type
9.6.5.1.2 Brazil Conductive Inks Market Breakdown, By Application
9.6.5.2 Argentina Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.6.5.2.1 Argentina Conductive Inks Market Breakdown, By Type
9.6.5.2.2 Argentina Conductive Inks Market Breakdown, By Application
9.6.5.3 Rest of SAM Conductive Inks Market - Revenue and Forecast to 2028 (US$ Mn)
9.6.5.3.1 Rest of SAM Conductive Inks Market Breakdown, By Type
9.6.5.3.2 Rest of SAM Conductive Inks Market Breakdown, By Application
10. Conductive Inks Market - Covid-19 Impact Analysis
10.1 Overview
10.2 Impact of COVID-19 Pandemic on Global Conductive Inks Market
10.2.1 North America: Impact Assessment of COVID-19 Pandemic
10.2.2 Europe: Impact Assessment of COVID-19 Pandemic
10.2.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.2.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.2.5 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 DuPont de Nemours, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Henkel AG & Co. KGaA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Heraeus Holding GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 MERCK KGaA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 InkTec
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 NovaCentrix
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Poly-ink
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Vorbeck Materials Corp.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Inkron Oy
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Molex, LLC (Koch Industries, Inc.)
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Molex
  • DuPont
  • Henkel AG & Co. KGaA
  • Inkron (Nagase Group)
  • InkTec
  • Heraeus
  • NovaCentrix
  • Poly-Ink
  • Merck KGaA
  • Vorbeck Materials Corporation