The report, now available on ASDReports, "Conductive Inks Market by Application (Photovoltaic, Membrane Switches, Displays and Automotive), Type (Silver Flake, Dielectric, Silver Nanoparticle, Copper Flake, Carbon Nanoparticle, and Carbon/Graphene) - Global Trends and Forecasts to 2021", The global market size of conductive inks is projected to reach USD 3.91 Billion by 2021, registering a CAGR of 3.5% between 2016 and 2021.
The growing solar industry in all the regions is expected to majorly drive the conductive inks market during the forecast period. The wide application in solar panels, automotive circuits, and electronic & electrical equipment is also expected to drive the global conductive inks market. Silver flake is the most preferred type of conductive ink owing to its high conductive property.
Silver flake to account for the largest share of the conductive inks market by 2021
The conductive inks market is classified based on type, namely, silver flake, dielectric, carbon/graphene, silver nanoparticle, silver nanowire, and copper flake among others. Silver flake is the major type of conductive inks that accounted for maximum share of the market in 2015. It is the most commonly used conductive ink technology that has applications in many industries such as photovoltaic, biosensors, membrane switches, PCB, and EMI shielding. Silver flake is a fully evolved conductive ink technology has and is produced in bulk by major companies such as Dupont Microcircuit Materials (U.S.), Henkel (U.S.), Heraeus (Germany), and Sun Chemical (U.S.).
Photovoltaic to be the largest application of the conductive inks market between 2016 and 2021
The conductive inks market is classified based on application, namely, photovoltaic, membrane switches, displays, automotive, sensors, RFID, and printed circuits. The market is dominated by the photovoltaic segment mainly due to increased application in solar panels for renewable energy. On the other hand, application of conductive inks in membrane switches, displays, and automotive circuits are also expected to drive the market during the forecast period. The RFID segment is projected to register the highest growth rate, in terms of value, between 2016 and 2021.
Asia-Pacific to be the largest market during the forecast period
The conductive inks market is broadly segmented into five regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is projected to be the largest market during the forecast period. This is due to the presence of countries such as China and Japan that are leading the conductive inks market in the region. China is the biggest producer not only in this region, but also globally, due to its rapidly growing photovoltaic and consumer electronics industry. In addition, rapid industrialization in Asia-Pacific coupled with improved living standard is driving the conductive inks market.
Currently, the conductive inks market is dominated by various market players such as Du Pont (U.S.), Henkel AG & Co. KGaA (Germany), Heraeus Holding GmbH (Germany), Fujikura Ltd. (Japan), Sun Chemical Corporation (U.S.), NovaCentrix (U.S.), Creative Materials Inc. (U.S.), Conductive Compounds Inc. (U.S.), and Vorbeck Materials Corp.(U.S.)