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The global conductive inks market attained a value of nearly USD 3.94 Billion in 2023. The market is further expected to grow at a CAGR of 5.00% during the forecast period of 2024-2032 to reach a value of USD 6.11 Billion by 2032.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Conductive Inks Market Outlook
*this image is indicative*
Global Conductive Inks Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 3.94 |
Market Size 2032 | USD Billion | 6.11 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.0% |
CAGR 2024-2032 - Market by Region | Latin America | 5.6% |
CAGR 2024-2032 - Market by Country | India | 6.1% |
CAGR 2024-2032 - Market by Country | Brazil | 5.8% |
CAGR 2024-2032 - Market by Application | Biosensors | 5.7% |
CAGR 2024-2032 - Market by Product | Conductive Silver Ink | 5.7% |
Market Share by Country 2023 | UK | 3.6% |
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The main driving factor for the growth of the conductive inks industry is the increasing demand for effective and compact consumer electronics. Due to the elevated thermal conductivity and printability, the conductive silver ink, among other types, is widely used in different applications. However, because of the high cost and scarcity, manufacturers are finding alternatives for silver. Therefore, copper has been recognised as the alternative to silver inks due to its cheap price and high electrical conductivity.
The conductive ink market dynamics and trends are being driven by the fact that conductive inks with polymeric compounds offer a cost-effective alternative for creating modern conductive traces, compared to traditional methods such as copper etching and copper plate substrates.
The increasing demand for electronics applications combined with the need for cleaner energy is driving the conductive inks market growth. In the coming years, it is possible to substitute heavy circuits and energy-intensive cables with such products, aiding the conductive inks demand growth further.
High carbon dioxide emission issues have threatened public organisations, resulting in their shift towards low carbon options. This, in turn, has enhanced investment possibilities for solar photovoltaic devices, which over the forecast period is expected to increase the demand for the conductive inks market.
The U.S. Energy Information Administration reports that in 2023, utility-scale photovoltaic power plants generated approximately 162 billion kWh, or 161,651,000 MWh, as opposed to 6 million kWh, or 6,000 megawatt-hours [MWh], in 2004. Small-scale, grid-connected PV systems produced roughly 74 billion kWh (or 73,619,000 MWh) in 2023, up from 11 billion kWh (or 11,233,000 MWh) in 2014. The capacity of small-scale photovoltaic systems to generate electricity is less than 1,000 kW. Rooftop PV systems, commonly known as small-scale photovoltaic systems installed on buildings, drive increased conductive inks market revenue. This is because conductive inks are utilised to form flexible and efficient conductive paths on various substrates, ensuring reliable electrical connections in these systems.
According to Trade Map, the global imports of electrical apparatus for switching electrical circuits reached USD 48.2 billion in 2019, USD 48.1 billion in 2020, and USD 54.1 billion in 2021, with an expected USD 49.8 billion in 2023. China's imports grew from USD 41.4 billion in 2019 to USD 49.4 billion in 2021, with an estimated USD 45.9 billion in 2023. Mexico's imports peaked at USD 11 billion in 2021, with a 2023 projection of USD 7.5 billion. Hong Kong's imports remained stable at around USD 4.7 billion, with a 2023 estimate of USD 4.1 billion.
Based upon the UK Government undertaken “Official Statistics of Plastic Packaging Tax (PPT) statistics commentary” it was determined that during the financial year 2022 to 2023, within the United Kingdom, plastic packaging exports or conversions reached 721,000 tonnes, while immediate packaging of human medicinal products accounted for 19,000 tonnes. Plastic packaging with 30% or more recycled material amounted to 1,392,000 tonnes, further boosting the conductive inks industry revenue as, conductive inks enable features like real-time data transmission and environmental monitoring, which are crucial for tracking product conditions and maintaining quality.
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“Global Conductive Inks Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Application
Market Breakup by Region
CAGR 2024-2032 - Market by | Country |
India | 6.1% |
Brazil | 5.8% |
Mexico | 5.5% |
Saudi Arabia | 5.2% |
China | 5.2% |
Canada | 4.9% |
USA | 4.7% |
UK | 4.7% |
Germany | 4.4% |
France | 4.1% |
Australia | 3.9% |
Italy | 3.7% |
Japan | 3.6% |
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Conductive silver ink excels in electrical conductivity, making it perfect for high-performance electronic applications. It offers durability and longevity, suitable for demanding conditions. Its adaptability allows it to be used in various applications, including flexible electronics and high-frequency components, thereby driving demand of the conductive ink market.
Copper ink is a cost-effective alternative to silver, making it ideal for large-scale applications. It provides good electrical conductivity for uses such as printed circuit boards. Additionally, copper's abundance and recyclability make it a more environmentally friendly option compared to some other conductive materials.
Conductive polymers are appreciated for their flexibility and stretchability, which makes them well-suited for wearable electronics and flexible displays. They are lightweight, which benefits portable and lightweight applications. Their properties can be tailored to specific electrical and mechanical needs, providing customised solutions across industries, thus driving growth in the conductive ink industry.
The company’s focus is on creating and producing conductive materials and solutions. Their product range includes conductive adhesives, coatings, inks, and compounds, serving sectors like electronics, automotive, and telecommunications.
Expanded product portfolio with eco-friendly conductive inks. Enhanced global distribution channels.
Developed high-performance conductive adhesives and inks. Invests in sustainable manufacturing practices to ca...
Pioneered in graphene-based conductive inks. Secured patents for novel conductive materials.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Applied Nanotech Holdings Inc., Kayaku Advanced Materials, Inc., and Dycotec Materials Ltd, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global conductive inks market attained a value of nearly USD 3.94 Billion.
The market is projected to grow at a CAGR of 5.00% between 2024 and 2032.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The major drivers of the market include the investment possibilities for solar photovoltaic devices, extensive use of printed circuit board technology, escalating automotive production and sales, and rapid industrialisation.
The increasing demand for electronics applications and the need for cleaner energy are the key trends guiding the growth of the industry.
Conductive silver ink, conductive copper ink, conductive polymers, conductive nanotube ink, dielectric ink, and carbon/graphene ink, among others, are the major products included in the market.
Photovoltaic, membrane switches, displays, automotive, smart packaging, biosensors, and printed circuit boards are the different applications of conductive inks.
The competitive landscape consists of Sun Chemical Group, Conductive Compounds Inc., Vorbeck Materials Corp., Applied Nanotech Holdings Inc., Kayaku Advanced Materials, Inc., Dycotec Materials Ltd, Henkel Ag & Co. Kgaa, PPG Industries Inc., Creative Materials Inc., Pchem Associates Inc., and Poly-Ink, among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.94 Billion by 2032.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
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+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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