Conductive Inks Market size was over USD 3.37 billion in 2024 and is poised to exceed USD 5.97 billion by 2037, witnessing over 4.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of conductive inks is evaluated at USD 3.49 billion.
The reason behind the growth is due to the growing adoption of renewable energy sources across the world. According to the International Energy Agency, global renewable electricity capacity is expected to reach around 4,800 GW by 2026, an increase of more than 60% from 2020 levels.
In addition, the growing developments in ink technology are believed to fuel the market revenue. For instance, PV Nano Cell Ltd. an innovative provider of inkjet-based conductive digital printing solutions announced the development of new carbon-based ink with high resistivity that is used to print resistors.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
4.5% |
Base Year Market Size (2024) |
USD 3.37 billion |
Forecast Year Market Size (2037) |
USD 5.97 billion |
Regional Scope |
|
Product (Conductive Silver Ink, Conductive Copper Ink, Conductive Polymers, Carbon Nanotube Ink, Dielectric Inks, Carbon/Graphene Ink)
The conductive silver ink segment is estimated to gain the largest revenue share of about 40% in the year 2037. The segment growth can be because of highly conductive printed electronic applications, conductive silver ink is used, and it is also particularly appropriate for the development of in-molded electronics with 3D shapes since silver has good thermal and electrical conductivity.
A broad range of substrates, such as polyester, Mylar, glass, polycarbonate, polyimide, Kapton, and ITO-coated surfaces, can be adhered to by silver conductive inks, which are also used to print longer and narrower circuit trace lines without sacrificing total maximum ohm values. The amount of polyester fiber produced worldwide in 2022 was 63.3 million metric tons.
For conductive ink formulations, silver (Ag), a highly conductive metal, provides several benefits for a variety of applications, including capacitive HMI (human-machine interaction), since silver in particular oxidizes slowly, forming a layer of conductive oxide that is unaffected by the ink's conductivity during this process.
Application (Photovoltaic, Membrane Switches, Displays, Automotive, Smart Packaging, Biosensors, Printed Circuit Boards)
The photovoltaic segment in the conductive inks market is set to garner a notable share from 2024 to 2037. A well-established technique for metalizing solar panels' upper surfaces to extract charge is conductive inks that can be utilized with ink-jet printing to create printed organic photovoltaic solar cell panels on extremely thin, flexible surfaces.
Moreover, the market is expected to advance owing to the photovoltaic system's ongoing technological advancements, and the benefits offered by conductive ink such as incredibly low resistance, which is crucial for the solar sector.
Our in-depth analysis of the global conductive inks market includes the following segments:
Product |
|
Application |
|
APAC Market Statistics
Conductive inks market in the Asia Pacific is projected to hold the largest with a share of about 45% by the end of 2037. The market growth in the region is also expected on account of increasing manufacturing of PCBs. China is one of the biggest makers of printed circuit boards worldwide and has grown to be a well-liked location for the production of PCB prototypes owing to its low cost of manufacturing. China produced around USD 77 billion worth of PCBs in 2021.
Followed by China, Taiwan has become a global leader in the printed circuit board (PCB) business, controlling over 32% of the market with more than 25 manufacturers holding tremendous market expansion. For instance, Taiwan's output volume for printed circuit boards was over USD 620 million square feet in 2022.
North America Market Analysis
The North America region will also witness huge growth rate for the conductive inks market revenue through 2037 and will hold the second position owing to the increasing personal disposable income in this region. The high disposable income encourages consumers to purchase electronics, which may boost landscape growth in the region. For instance, the United States' disposable personal income rose by around 0.3% in November 2023 compared to the same month the previous year.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?