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Report Overview

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.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Compound Annual Growth Rate

Value in USD Billion

5%

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%

Conductive Inks Market

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Global Conductive Inks Market Growth

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.

Global Conductive Inks Market Analysis

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.

Global Conductive Inks Industry Outlook

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.

Conductive inks enable advanced electronics, packaging, and textile features, driving demand and opening new opportunities for the conductive inks market.

  • They offer versatile applications on various substrates, from flexible electronics to smart packaging.
  • Conductive inks provide a cost-effective alternative to traditional conductive materials, reducing production costs.

They may have lower conductivity compared to traditional materials, affecting performance in high-demand applications.

  • Conductive inks can be less durable, potentially affecting their longevity and reliability.
  • The technology is still evolving, and there may be challenges in achieving consistent quality and performance.

Increasing demand for smart packaging, wearable electronics, and flexible displays presents significant growth opportunities.

  • Ongoing R&D can lead to improved ink formulations and new applications.
  • The shift towards eco-friendly and recyclable materials can boost demand for conductive inks in sustainable packaging solutions.

Stringent regulations and standards may impact production and market entry.

  • Intense competition from established materials and alternative technologies could affect the growth of the conductive inks market.
  • Fluctuations in raw material prices and supply chain disruptions can impact production costs and availability.

Conductive Inks Market by Segments

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Global Conductive Inks Industry Segmentation

“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

  • Conductive Silver Ink
  • Conductive Copper Ink
  • Conductive Polymers
  • Conductive Nanotube Ink
  • Dielectric Ink
  • Carbon/Graphene Ink
  • Other

Market Breakup by Application

  • Photovoltaic
  • Membrane Switches
  • Displays
  • Automotive
  • Smart Packaging
  • Biosensors
  • Printed Circuit Boards
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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%

Conductive Inks Market by Region

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Conductive Inks Market Share

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.

Leading Companies in the Conductive Inks Market

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.

Sun Chemical Group

Expanded product portfolio with eco-friendly conductive inks. Enhanced global distribution channels.

Conductive Compounds Inc.

Developed high-performance conductive adhesives and inks. Invests in sustainable manufacturing practices to ca...

Vorbeck Materials Corp.

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.

Conductive Inks Market Report Snapshots

Conductive Inks Market Size

Conductive Inks Market Growth

Conductive Inks Market Analysis

Conductive Inks Market Share

Conductive Inks Companies

*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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Key Questions Answered in the Report

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.

Report Summary

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Product
  • Application
  • Region
Breakup by Product
  • Conductive Silver Ink
  • Conductive Copper Ink
  • Conductive Polymers
  • Conductive Nanotube Ink
  • Dielectric Ink
  • Carbon/Graphene Ink
  • Other
Breakup by Application
  • Photovoltaic
  • Membrane Switches
  • Displays
  • Automotive
  • Smart Packaging
  • Biosensors
  • Printed Circuit Boards
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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.
  • Poly-Ink
  • Others
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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124