September 24, 2023

Conductive Ink Market 2030: Leading Segments and their Growth Drivers

The global conductive ink market has achieved remarkable growth, driven by the increasing adoption in consumer electronics and the surging interest in smart clothing. In 2021, the market’s revenue surged to approximately US$3 billion, setting a strong foundation for stable growth in the upcoming years.

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Opportunities Abound: Conductive Inks Pave the Way for Smart Clothing Revolution

The world of smart wearables is undergoing a transformative shift with the integration of wearable electronics, and this transition extends to clothing as well. Smart clothing is revolutionizing industries like sports by providing insights and data for tracking the performance of athletes in various disciplines, from Olympic contenders to soccer players and golfers. Recent studies by prominent institutions like Taiwan Textile Research Institute (TTRI) and National Research Council of Canada (NRC)’s Advanced Electronics and Photonics (AEP) Research Centre showcase the potential of wearable electronics to enhance clothing. Manufacturers are now able to embed innovative electronic functionalities directly into garments using conductive ink as a substitute for conventional wiring. This method allows circuits to be drawn on materials like films, paper, and textiles, ensuring their survival even after washing. Beyond sports, conductive inks in textiles enable the tracking of everyday activities and the prevention of critical health conditions such as heart failure, contributing to an improved quality of life. As a result, applications in textile garments hold promising opportunities for the conductive ink market in the foreseeable future.

Meeting the Demand for Miniaturization in Consumer Electronics Boosts the Market

Consumers’ preference for lightweight and compact electronic devices has led to a surge in demand for miniaturization in the consumer electronics sector. Conductive ink emerges as a reliable and efficient solution for replacing conventional circuit arrangements and wiring, reducing the weight of components while enhancing their efficiency. This transition to conductive inks results in reduced material density, lighter component weights, and easier handling. These factors play a pivotal role in driving demand for conductive inks, thus fueling the growth of the market.

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Silver-based Inks Shine Bright in the Conductive Ink Market

Silver-based inks are poised to dominate the conductive ink market, accounting for a significant share of its revenue. These inks find extensive usage in manufacturing high-performance electronic devices due to their superior thermal and electrical conductivity, as well as their chemical stability. Their ability to conduct electricity in the oxide state has further propelled their adoption in flexible and printed electronics. The low melting point of silver particles has facilitated the production of thin conductive films for flexible substrates, making them highly sought after. As a result, the demand for silver inks is expected to witness substantial growth, further driving the expansion of the conductive ink market.

Asia Pacific Leads the Revenue Race in the Global Conductive Ink Market

The demand for conductive ink in the Asia Pacific region is set to surge at an impressive rate in the coming years. This growth can be attributed to the increasing adoption of conductive ink in industries such as touch screens, photovoltaics, automotive, and microelectronics. Additionally, the rise in consumer electronics sales in emerging economies, driven by increased purchasing power, presents growth opportunities for the conductive ink market. The emergence and growing sales of electric vehicles in the region are also expected to drive the demand for conductive inks. China’s electric vehicle sales nearly tripled in 2021, comprising about half of the global sales. With the International Energy Agency (IEA) projecting a substantial increase in electric vehicle sales by 2030, the demand for electronic components used in electric vehicles will further elevate the use of conductive inks. Moreover, Asian countries’ growing focus on renewable energy sources, including solar photovoltaics, will contribute to the expansion of the conductive ink market. The positive business scenario in the region is set to open up significant avenues for companies engaged in the manufacturing and distribution of conductive inks.

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Competitive Landscape: Innovations and Collaborations Shape the Market

The conductive ink market is witnessing new product introductions driven by research and development efforts, as well as strategic moves such as collaborations and acquisitions by major players. For instance, Encres DUBUIT’s acquisition of POLY-INK in 2022 positions the company as a key player in printed electronic applications by expanding its product portfolio. Similarly, Electroninks Inc. launched a suite of MOD (Metal-Organic Decomposition) conductive ink solutions in April 2022 to fortify its market position. Nano Dimension’s collaboration with XTPL S.A. introduced next-gen nano particle conductive ink for Additively Manufactured Electronics (AME) applications, further expanding their portfolio. HydrogGraph Clean Power Inc. launched a patented graphene ink in 2022, maintaining the key qualities of graphene for various applications.

Major players in the conductive ink market include DowDupont (US), Applied Ink Solutions (US), Sun Chemical Corporation (US), Henkel AG & Co. KGaA (Germany), Johnson Matthey (UK), Creative Materials Inc. (US), Heraeus Holding GmbH (Germany), Vorbeck Materials (US), and NovaCentrix (US). As the market continues to evolve, these companies are at the forefront of driving innovation and growth in the conductive ink sector.

Browse Conductive Ink Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region:

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This press release first seen on Brilad