Albany, NY -- (SBWIRE) -- 01/23/2018 -- 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.
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Silver Conductive Inks Type Segment Leads Market
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.
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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.
Rising Consumer Electronics Industry Makes Asia Pacific Leader
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.
In the Middle East and Africa, growth of the consumer electronics industry is the key factor driving the conductive inks market.
Key players operating in the global conductive inks market profiled in this report are Henkel AG & Co. KGaA, E.l. du Pont de Nemours and Company, NovaCentrix, Vorbeck Materials Corporation Inc., Heraeus Holding GmbH, Intrinsiq Materials Inc., Johnson Matthey plc, Sun Chemical Corporation, Creative Materials Inc., and Applied Ink Solutions among others.