Conductive Inks Market Regional Analysis:
APAC Market Insights
Conductive inks market in the Asia Pacific is projected to hold the largest share with a 45% by the end of 2035. The regional market growth is expected on account of the increasing manufacturing of printed circuit boards (PCBs). China is one of the biggest makers of PCBs worldwide and has emerged as a prominent destination for 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 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.
China market is driven by the high export of electronics products. The U.S. International Trade Commission disclosed that China amounted to 33% of the total U.S. electronics imports in 2020, valued at USD 160,999 million. Additionally, Taiwan accounted for 6.7% export share, followed by Malaysia (6.4%), Vietnam (6.1%), Japan (4.0%), South Korea (3.9%), and Thailand (3.5%).
North America Market Insights
North America will also witness a huge growth rate for the conductive inks market revenue through 2035 and will hold the second position owing to the increasing consumer electronics sales and B2B e-commerce in the region. The U.S. e-commerce sector is projected to exhibit a CAGR of 11.2% and Canada e-commerce at 10.5% by the end of 2026. The U.S. electronic products exports in 2020 were valued at USD 253,238 million and the top partner was China.
The U.S. conductive inks market growth is ascribed to R&D activities, coupled with supportive government initiatives. The Lawrence Livermore National Laboratory in August 2024, announced a research project for the formulation of novel conductive inks for direct ink write (DIW) printed electrodes. The R&D aims to cater to 3D printing, templating agents or solvents, and topologically optimized geometries.
