Conductive Inks Market Estimated to Rise at a Lucrative CAGR of 6.9% by 2025
The global conductive inks market is competitive with players banking upon price differentiation and product innovation to gain a strong foothold in the market. The big players in the market are pouring in substantial amounts to come up with better products. The growing proliferation of printed electronics across several industries is at the forefront driving growth of the conductive inks market. Besides this, demand for technically sound, efficient and miniaturized devices for operational efficiency is fuelling the application of conductive inks globally, which in turn is having a positive influence on the growth of this market. According to a report by Transparency Market Research, the global conductive inks market pegged an opportunity of US$2,340.0 mn in 2016 and is anticipated to be worth US$4,275.4 mn by 2025 rising at a CAGR of 6.9% between 2017 and 2025.
The global conductive inks market based upon type is classified into silver conductive inks, copper inductive inks, conductive polymers, conductive nanotube ink, graphene/carbon ink, and others. Of them, the segment of silver conductive inks led the market in 2016 mainly due to standard formulations of silver conductive inks and their large-scale applications in energy, medical, and consumer electronics industry.
The segments of the global conductive inks market depending upon application are photovoltaic cells, displays, RFID, printed circuit board, biosensors, and others. Among these, displays and photovoltaic cell segments accounted for the leading market share in 2016 in terms of value. The segment is anticipated to hold on to its dominant position in the upcoming years.
The information Presented in this Review is Based on Press-Release by TMR
The key regional segments into which the global conductive inks market is divided are North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Asia Pacific led amongst other key regional segments in 2016 accounting for more than 47% of market share. China is the leading contributor to this regional market followed by Japan and India. Of the several growth drivers in the region, the ceaseless penetration of consumer electronics is a prominent one.