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According to Fortune Business Insights, The global conductive inks market size was USD 2.73 billion in 2023 and is projected to grow from USD 2.84 billion in 2024 to USD 3.98 billion by 2032 at a CAGR of 4.2% during the forecast period. Asia Pacific dominated the conductive inks market with a market share of 35.53% in 2023.
Conductive ink combines the ability to conduct electricity with the utility of ink. The product is widely used in various applications, such as printing RFID tags, which are preferably used in modern transit tickets, computer keyboards, and windshield defrosters. According to the analysis, the ink has gained traction across applications, including printing RFID tags for computer keyboards and modern transit tickets. Moreover, the product has become highly sought-after for energy storage components globally.
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Major Players Profiled in the Market Report:
Major Players Profiled in the Market Report:
DuPont (Delaware, U.S.)
Henkel AG & Co. KGaA (Düsseldorf, Germany)
Creative Materials Inc. (Massachusetts, U.S.)
Heraeus Holding (Hanau, Germany)
Poly-ink (Paris, France)
CHASM (Massachusetts, U.S.)
Johnson Matthey (London, U.K.)
Vorbeck Materials Corp. (Maryland, U.S.)
Daicel Corporation (Osaka, Japan)
NovaCentrix (Texas, U.S.)
Segments
Segments
Type, Application, and Region are Studied
Type, Application, and Region are Studied
In terms of type, the market is fragmented into copper inks, silver inks, conductive polymer inks, carbon/graphene inks, and others.
Based on application, the market is segmented into RFID, automotive, membrane switches, photovoltaics, and others.
With respect to region, the market is segregated into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Global Conductive Inks Market Overview
Global Conductive Inks Market Overview
Market Size & Forecast:
Market Size & Forecast:
2023 Market Size: USD 2.73 billion
2024 Market Size: USD 2.84 billion
2032 Forecast Market Size: USD 3.98 billion
CAGR (2024–2032): 4.2%
Market Share:
Market Share:
Asia Pacific: Dominated with a 35.53% share in 2023.
United States: Projected to reach USD 497.45 million by 2032 due to rising EV sales.
Regional Insights:
Regional Insights:
Asia Pacific: Growth from demand in photovoltaics, microelectronics, and consumer electronics. Strong solar energy initiatives in China and India.
North America: Growth due to rising EV adoption and automotive electronics.
Europe: Strong renewable energy targets and solar expansion supporting demand.
Latin America: Slower growth due to economic and political instability.
Middle East & Africa: Limited expansion due to underdeveloped electronics sector.
Report Coverage
Report Coverage
The report is prepared with the use of qualitative and quantitative assessments. The use of primary sources, such as interviews with key opinion leaders has boosted the dynamics and insights with respect to trends. The report includes secondary sources, including SEC filings, press releases, annual reports, and paid databases. The report also delves into top-down and bottom-up approaches to forecast market size, revenues, and growth of major players in the landscape.
Drivers and Restraints
Drivers and Restraints
Bullish Investments in Electronics Industry to Foster Return on Investment (RoI)
Bullish Investments in Electronics Industry to Foster Return on Investment (RoI)
The unprecedented growth of the electric sector is poised to foster conductive inks market share over the next few years. End-users will continue to exhibit traction for lightweight and efficient electronics across the advanced and emerging economies. IoT sensors, RFID tags, printed heaters, and touch displays are likely to set the trend. Prominently, the advent of 5G networks will potentially augment RoI. Robust outlook will be driven by the need for faster electronic devices and organic biosensors.
Meanwhile, fluctuating prices of raw materials, along with soaring costs of silver, could dent the market growth.
Regional Insights
Regional Insights
Expansion of Electronics Sector to Underscore Asia Pacific Market Growth
Expansion of Electronics Sector to Underscore Asia Pacific Market Growth
Emerging economies, such as China and India, are slated to spearhead the adoption of touch screens, photovoltaics, and microelectronics. The trend for consumer electronics will underpin the Asia Pacific conductive inks market growth during the assessment period. Besides, robust government policies to curb fossil fuel consumption will bolster regional growth.
North America industry outlook will be strong with the presence of leading companies across the U.S. and Canada. Industry players are likely to bank on the penetration of automotive players such as Tesla and Ford. An exponential rise in the footfall of electric vehicles will drive the trend for inks. Surging demand for advanced features in the auto sector will further the penetration of conductive inks.
Competitive Landscape
Competitive Landscape
Industry Players to Inject Funds into Product Rollouts to Bolster Footfall
Leading companies are poised to up their investments in mergers & acquisitions, R&D activities and technological advancements. The market’s competitiveness indicates key players could invest in geographical expansion and product portfolio expansion.
Key Industry Developments
Key Industry Developments
March 2023 - - OKdo, a subsidiary of RS Group, entered into a strategic partnership with Bare Conductive company. This partnership will help the company to scale its manufacturing facility, invent new products, and better serve customers.
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