Global Market Insights, Inc. provides a detailed overview of conductive inks market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.
Automotive industry is of the prime end-users of conductive inks market. Thus, escalating automotive production and sales will ultimately drive the industry growth as the product is widley used manufacturing automotive sensors. For instance, the overall automotive sales (commercial and personal vehicles) in 2017 was over 96 million units.
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The conductive inks are economical then the traditional processes but are still expensive and less rigid on unstable bases such as printed paper and plastic sheets. It may pose as a hindrance to the growth of the conductive inks market size in the near future. Technological advancements in the healthcare and medical device manufacturing industry results in improvement of equipment functionality and precision of the device. To achieve high precision conductive inks plays a vital role. Thus, strong growth indicators in the healthcare and medical industry will subsequently propel the global market size by 2024.
Based on product, conductive inks market size is segmented into carbon conductive inks, silver conductive inks, silver chloride inks, silver nano inks, etc. Silver inks are used in printing Radio-Frequency Identification (RFID) tags which are used in modern transit tickets. These are also used in repairing printed circuit boards. Silver conductive inks include screen-printable solutions and water-based which offers superior crease resistance and flexibility.
China leads the global conductive inks market size due to robust growth in photovoltaic and consumer electronics sector in the country. For instance, China accounts close to 30% of the global automotive production and thus holds a prominent demand share in the overall conductive inks market. In addition, rapid industrialization in Asia Pacific coupled with improved consumer spending power has positively included electronic product sales in India, Indonesia and other APAC countries, this trend shall boost regional market size by 2024.
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Conductive inks market size is competitive with major companies holding decent industry share. Some of the key players involved in the business are Henkel AG & Co. KGaA, NovaCentrix, Poly-ink, Sun Chemical Corporation, Heraeus Holding GmbH, Creative Materials Inc, Fujikura Ltd, Conductive Compounds Inc., Parker Chromerics, Vorbeck Materials Corp., Johnson Matthey Color Technology, Applied Nanotech and Pchem Associates Inc.
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