Conductive Inks Market share is positively driven by extensive use of printed circuit board technology across medical, electronical and solar appliances.
Sellbyville, DE -- (SBWIRE) -- 03/16/2019 -- Global Market Insights, Inc. adds new Conductive Inks Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.
Conductive Inks Market size is expected to grow with a significant rate of CAGR during the projected timeframe. Extensive use of printed circuit board technology across medical, electronical and solar appliances will positively drive the conductive inks market size during the forecast timeframe. The product has its wide application in touch screen based electronic devices. It is mostly used in the membrane touch switches, desktop keyboards, heating elements, touch screens, automotive sensors, EL lamps, printed circuit boards and potentiometers. When compared to in comparison to conventional industrial standards such as etching copper through copper plated substrates, the product offers an economic solution across its application to provide efficient conductive traces.
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Automotive industry is of the prime end-users of conductive inks market. Thus, escalating automotive production and sales will ultimately drive the industry growth as the product is widley used manufacturing automotive sensors. For instance, the overall automotive sales (commercial and personal vehicles) in 2017 was over 96 million units.
Based on product, conductive inks market size is segmented into carbon conductive inks, silver conductive inks, silver chloride inks, silver nano inks, etc. Silver inks are used in printing Radio-Frequency Identification (RFID) tags which are used in modern transit tickets. These are also used in repairing printed circuit boards. Silver conductive inks include screen-printable solutions and water-based which offers superior crease resistance and flexibility.
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According to its applications, the conductive inks market is divided into sensors, biosensors, touch screen, RFID, PCBs (Printed Circuit Board), solar panels, etc. RFID technology is profoundly used in a wide a variety of devices such as passports, smart cards, credit cards, etc. It offers high adhesion, flexibility, and compatibility requirements which makes it ideal for a wide-range of applications. Additionally, RFID products have to be capable of transmitting and receiving specific radio frequencies.
The conductive inks market size has much higher chances for growing in the Asia-Pacific, Middle East & Africa, and Latin America due to their rapid and considerable growth in the economy. Asia-pacific with the highest economic growth will provide lucrative business growth opportunities for conductive inks market size in the near future. China leads the global conductive inks market size due to robust growth in photovoltaic and consumer electronics sector in the country.
For instance, China accounts close to 30% of the global automotive production and thus holds a prominent demand share in the overall conductive inks market. In addition, rapid industrialization in Asia Pacific coupled with improved consumer spending power has positively included electronic product sales in India, Indonesia and other APAC countries, this trend shall boost regional conductive inks market size by 2024.
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Conductive inks market size is competitive with major companies holding decent industry share. Some of the key players involved in the business are Henkel AG & Co. KGaA, NovaCentrix, Poly-ink, Sun Chemical Corporation, Heraeus Holding GmbH, Creative Materials Inc, Fujikura Ltd, Conductive Compounds Inc., Parker Chromerics, Vorbeck Materials Corp., Johnson Matthey Color Technology, Applied Nanotech and Pchem Associates Inc.
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