Albany, NY -- (SBWire) -- 03/04/2019 --Conductive Inks Market – Snapshot
A conductive ink can be defined as an ink that helps produce a printed object that can conduct electricity. The conductive ink is manufactured by infusing conductive materials (for example, graphite and other conductive materials) into an ink. Different sorts of conductive inks, such as silver inks, silver flakes, silver nanoparticles, and carbon nanotube inks, are used in printed and flexible electronics across different sectors such as health care, consumer electronics, industrial, automotive, packaging, and displays.
Increasing number of innovations in printed electronics is anticipated to boost the global conductive inks market during the forecast period. Moreover, the increased demand for conductive inks from end-use industries, such as electronics & electricals (E&E) and health care, boosts the demand for conductive inks worldwide. Also, increasing preference for miniaturized electronics devices promotes growth of the global conductive inks market. However, complexities associated with high-end technologies are likely to hamper the global conductive inks market in the next few years. Nevertheless, rising use of the 3D printing technology in medical devices and other applications is projected to offer immense growth potential for manufacturers of conductive inks during the forecast period.
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The conductive inks market has been segmented in terms of type, application, and region. Based on type, the market has been segregated into silver conductive inks, copper conductive inks, conductive polymers, conductive nanotube inks, graphene/carbon inks, and others (including gold, nickel, and aluminum conductive inks). In terms of both volume and value, the conductive nanotube inks segment is estimated to expand at a rapid pace between 2018 and 2026, as these inks are used in several applications including transistors, radio frequency identification tags, sensors, photonics, and biological sensing labels. Based on application, the conductive inks market has been divided into photovoltaic cells, displays, radio frequency identification (RFID), printed circuit boards, biosensors, and others (including printed antennas and flexible thin-film batteries). The biosensors segment is projected to expand at a substantial pace during the forecast period.
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In terms of region, the global conductive inks market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a leading share of the global conductive inks market in 2017, followed by Europe and North America. The market in Europe is anticipated to expand during the forecast period, owing to increasing technological advancements and strong presence of manufacturers of conductive inks in the region. Asia Pacific is anticipated to constitute a significant share of the global market during the forecast period, owing to boom in the electronics & electricals (E&E) industry in countries such as India, Malaysia, and China. Demand for conductive inks in North America is likely to increase during the forecast period, primarily due to presence of major manufacturers of conductive inks in the region.
Based on application, the global cyclopentane market has been segmented into residential refrigerators, commercial refrigerators, insulating construction materials, analytical & scientific applications, and others. Phase-out of compounds such as HCFCs, HFCs, and CFCs under the Montreal Protocol drives the global cyclopentane market. Approximately 50% of all discarded household cooling appliances across the world contain chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) as well as other fluorinated compounds (such as HFCs), which significantly contribute to warming of the atmosphere and depletion of the ozone layer.
Global Conductive Inks Market to Reach US $4,479.7 Mn by 2026