Over the recent past, conductive inks have witnessed extensive applications in the electronics and clothing industries. Smart wearables and clothing are experiencing a shift towards the incorporation of wearable electronics. This technology has been particularly transformative for the sports industry as it allows efficient tracking and analysis of performance data for athletes. In the coming years, the rapidly growing use of conductive ink in textiles is expected to be the foremost growth driver in the conductive ink market. Additionally, the global shift towards sustainable living and greener technologies has positively influenced the adoption of electric vehicles (EVs). Conductive inks are vital in building EVs as well as a wide range of consumer electronics. On the back of these developments, the conductive ink market is poised to observe robust innovation and business expansion in the near future.
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Miniaturization in Consumer Electronics Industry Creates New Growth Avenues for Conductive Ink Market
The trend towards smaller, lightweight electronic devices has led to a demand for miniaturisation in the consumer electronics industry. One way to achieve this is by using lightweight materials which can improve the functional efficiency of devices, while reducing material input and energy consumption. Conductive ink is a suitable alternative to traditional circuit arrangements and wiring as it can reduce the weight of components and improve their efficiency. It also reduces material density and component weight, making it easier to handle relatively heavier devices. These factors are projected to significantly contribute towards increasing the demand for conductive ink, unlocking new growth prospects across the global conductive ink market.
Silver Ink to Command Higher Revenue Share in Conductive Ink Market Owing to its Favorable Properties
A considerable share of the conductive ink market is predicted to be held by silver inks as they are commonly used in the production of high-performance electronic devices. Silver inks have excellent thermal and electrical conductivity and chemical stability, propelling prominent market players to use them in the manufacturing of advanced electronic devices. Additionally, the ability of silver inks to conduct electricity in the oxide state has made them popular for use in the production of flexible and printed electronics. The low melting point of silver particles aids in the creation of thin, conductive films that can be used on flexible substrates. All these factors are rapidly increasing the demand for silver inks and creating fresh business outcomes in the conductive ink market.
Greater Application in Consumer Electronics Industry Offers Asia Pacific a Competitive Edge in Conductive Ink Market
The demand for conductive ink in the Asia Pacific is expected to grow significantly due to the diverse applications of conductive ink in the manufacturing devices including touch screens, photovoltaics, automotives, and microelectronics. The growing sales of consumer electronics in the Asia Pacific can also be attributed to its steadily rising purchasing power. Notably, the higher usage of EVs in China, India, South Korea, and Japan is set to augur well for Asia Pacific’s conductive ink market. During the forecast period, companies in the conductive ink industry can expect potential growth opportunities in the Asia Pacific due to these favourable business conditions.
Key Market Players
Creative Materials Inc., (US), Henkel AG Co. KGaA (Germany), Johnson Matthey (UK), Applied Ink Solutions (US), DowDupont (US), Sun Chemical Corporation (US), Vorbeck Materials (US), Heraeus Holding GmbH (Germany), and NovaCentrix (US) are some of the major players in the conductive ink market.
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