Albany, NY -- (SBWIRE) -- 02/09/2017 -- Conductive inks conduct electricity due to the presence of certain materials such as silver, copper, polymers, nanotubes, carbon, gold and nickel among others. Conductive inks are used in a wide range of applications such as photovoltaic (PV), electronic displays, sensors, automotives, smart packaging and membrane switches among others.

Growing demand for electronics and automobiles is expected to be one of the primary drivers for the growth of the market, owing to the increasing scope of application in these sectors, particularly for miniaturization. In addition, rising demand for smart packaging among consumers, particularly in emerging economies of Asia Pacific, is expected to fuel the demand for conductive inks. However, high cost of conductive inks is expected to hamper the growth of the market. Development of nanomaterials, which can be used as conductive inks, is expected to open opportunities for the growth of the market in the near future.

Photovoltaic was the largest application segment of the market. However, automobiles, batteries and sensors are expected to witness significant market growth for conductive inks. Technological advancement across various industries such as electronics, healthcare, automobile and energy production are expected to boost the overall market. Although the market is mature in certain segments such as PV, demand from other sectors is expected to boost the growth of the market.

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Demand for conductive inks was highest in Asia Pacific and the trend is expected to continue into the forecast period on account of growing demand for miniaturization for electronics and automobiles in this region. In addition, the growing demand for PV is expected to contribute to the demand for conductive inks in this region. North America and Europe are expected to witness significant growth in market owing to the presence of regulations promoting the PV market.

Some of the key participants present in the market include Applied Nanotech Holdings Inc., E.I. DU Pont DE Nemours and Company, Henkel Ag & Co. Kgaa, Heraeus Holding Gmbh, PPG Industries Inc. and Sun Chemical Corporation among others.