Over the past three years, the global conductive inks market has experienced notable revenue growth, increasing at a compound annual rate of approximately 10.7% to reach a value of USD 4,703 million in 2023. This positive expansion trend is anticipated to persist, with current projections estimating the worldwide market will attain a worth of USD 6,106 million by 2028. This represents a projected compound annual growth rate of 5.4% spanning the period from 2023 to 2028.
Conductive inks have found diverse applications globally, initially for printed circuit boards in electronic devices. However, with advancements in electronics and materials science, their use has expanded to various fields such as solar, medical, and electronics. Various methods can be used to apply conductive inks, including flexography, rotogravure, screen printing, spraying, dipping, syringe dispensing, and stencil printing.
The rise in the use of printed electronics across numerous industries is expected to drive the demand for conductive inks in the coming years. Silver-based conductive inks are preferred due to their stability, conductivity, and manufacturability, while carbon-based inks are used for less demanding applications. The flexibility and adaptability of conductive inks make them ideal for portable electronic devices. They are commonly used in photovoltaics, thin films, and RFID labels for object identification and inventory management.
Conductive inks are composed of conductive pigments like nickel, copper, silver, or different types of carbon, either dissolved in a solution or suspended as particles. The formulation of conductive ink varies depending on the printing process or application method, as different applications require distinct qualities.
Silver conductive inks held the largest market share in the global conductive ink market in 2022, renowned for their excellent conductivity. Silver & silver chloride inks exhibited remarkable revenue growth of 17.3% in 2022. An example of silver conductive ink utilizes silver nanoparticles to form a smooth and highly conductive layer on nonconductive surfaces. It can be applied through various methods, including spraying with an air compressor and a spray gun.
In terms of application segments, the photovoltaic cell segment accounted for the largest consumer share of conductive inks in 2022, comprising over half of the global market. Thin-film PV solar cells are gaining prominence due to their cost-effectiveness compared to silicon cells, simplified production costs, and improved flexibility. These cells can be categorized based on the absorber or semiconductor used, including cadmium telluride, organic (dye conversion), a-Si, and CIGS. This surge in thin-film PV cell adoption is expected to drive the demand for conductive inks, which play a vital role in these advanced photovoltaic technologies.
Asia-Pacific emerged as the dominant player in the conductive inks market in 2022, capturing a significant share of 61%. North America and Europe followed with shares of 19% and 15% respectively. Germany held the largest share in the European market, being a major consumer of conductive inks. The country hosts several small-scale and large-scale manufacturers operating in various markets, including photovoltaic, automotive, aerospace, and consumer electronics.
Competitive Landscape
The global conductive ink market in 2022 exhibited a fragmented landscape, with top manufacturers such as Henkel AG & Co. KGaA, DuPont de Nemours, Inc., Sun Chemical Corporation, and Heraeus Holding GmbH. Other prominent players include InkTec Co., Ltd., Johnson Matthey plc, Daicel Corporation, Vorbeck Materials Corporation, Novacentrix Corp., Creative Materials, Inc., Kayaku Advanced Materials, Inc., Inkron Oy, and ELANTAS GmbH, among others, contributing to the market’s growth and innovation.
Key Questions Answered
What is the projected global market size of conductive ink by 2028?
In terms of market dominance, which product type segment prevails in the conductive ink market?
Which application segment generates the highest revenue?
In the conductive ink market, which region segment attains the foremost position?
Who are the key players with the largest market share in the conductive ink market?
What is the estimated global market size for the conductive ink market in 2023?
What are the main factors driving the growth of the conductive ink market?
What is the expected incremental growth of the conductive ink market during the forecast period?
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 4
Part 1. Key Findings 6
Part 2. Scope and Methodology 7
Report Scope 8
Product Type 8
Application 8
Region 8
Research Methodology 9
Part 3. Conductive Inks Market Overview 11
Summary 11
Introduction 14
Part 4. Market Dynamics 17
Growth Drivers and Future Trends 17
Restraints and Challenges 22
Opportunities 24
Part 5. Global Conductive Inks Market by Product Type 28
Part 6. Global Conductive Inks Market by Application 33
Part 7. Global Conductive Inks Market by Region 40
Part 8. Asia-Pacific Conductive Inks Market 43
Part 9. North America Conductive Inks Market 51
Part 10. Europe Conductive Inks Market 58
Part 11. Rest of World Conductive Inks Market 63
Part 12. Competitive Analysis 65
Competition Overview 65
Recent Developments 67
Henkel AG & Co. KGaA 69
Business Overview 69
Ink, Coating Product and Conductive Inks 69
Contact Information 72
DuPont de Nemours, Inc. 73
Business Overview 73
Contact Information 77
Sun Chemical Corporation 78
Business Overview 78
Inks for Flexible Circuits and Interconnects 78
Contact Information 78
Heraeus Holding GmbH 79
Business Overview 79
Contact Information 79
InkTec Co., Ltd. 80
Business Overview 80
Contact Information 81
Johnson Matthey plc 82
Business Overview 82
Contact Information 84
Daicel Corporation 85
Business Overview 85
Silver Nanoparticle Ink/Paste (Picosil™) 87
Contact Information 87
Vorbeck Materials Corporation 88
Business Overview 88
Vorbeck Materials Corporation Products 88
Contact Information 88
Novacentrix Corp. 89
Business Overview 89
Metalon® Conductive Inks 89
Contact Information 90
Creative Materials, Inc. 91
Business Overview 91
Conductive Silver Inks 91
Economical Inks 92
Carbon Inks 92
Contact Information 93
Kayaku Advanced Materials, Inc. 95
Business Overview 95
Carbon Ink 95
Contact Information 96
Inkron Oy 97
Business Overview 97
Conductive Inks 97
Stretchable Conductive Screen Printable Inks 97
Contact Information 99
ELANTAS GmbH 100
Business Overview 100
Contact Information 100
Disclaimer 101
FIGURES AND TABLES
Global Conductive Inks Market, Net Growth, 2020-2028 (USD Million)
Global Electric Car Sales by Country, 2020-2023 (Million Units)
Global Silver Price Index, (Index, 100 = 2021), 2020-2023
Global Conductive Inks Market by Product Type, 2020-2028 (USD Million)
Global Conductive Inks Market by Product Type, CAGR Historic and Forecast, 2020-2028
Global Conductive Inks Market by Application, 2020-2028 (USD Million)
Global Conductive Inks Market by Application, CAGR Historic and Forecast, 2020-2028
Global Conductive Inks Market Share by Region, 2022
Global Conductive Inks Market by Region, 2020-2028 (USD Million)
Global Conductive Inks Market by Region, CAGR Historic and Forecast, 2020-2028
Asia-Pacific Conductive Inks Market, Net Growth, 2020-2028 (USD Million)
Asia-Pacific Conductive Inks Market Share by Country, 2022
Asia-Pacific PEST Analysis
North America Conductive Inks Market, Net Growth, 2020-2028 (USD Million)
North America Conductive Inks Market Share by Country, 2022
North America PEST Analysis
Europe Conductive Inks Market, Net Growth, 2020-2028 (USD Million)
Europe Conductive Inks Market Share by Country, 2022
Europe PEST Analysis
Rest of World Conductive Inks Market, Net Growth, 2020-2028 (USD Million)
Rest of World Conductive Inks Market Share by Country, 2022
Global Conductive Inks Market Share, by Top Company, 2022
Henkel AG & Co. KGaA Financial Overview (EUR Million)
Henkel AG & Co. KGaA Revenue, by Segment, 2022
Henkel AG & Co. KGaA Revenue, by Region, 2022
DuPont de Nemours, Inc. Financial Overview (USD Million)
DuPont de Nemours, Inc. Revenue, by Segment, 2022
DuPont de Nemours, Inc. Revenue, by Region, 2022
DuPont de Nemours, Inc. Electronics & Industrial Revenue (USD Million)
DuPont de Nemours, Inc. Electronics & Industrial Revenue, by Segment, 2022
DuPont de Nemours, Inc. Water & Protection Revenue (USD Million)
DuPont de Nemours, Inc. Water & Protection Revenue, by Segment, 2022
InkTec Co., Ltd. Conductive Inks Product
InkTec Co., Ltd. Financial Overview (KRW Million)
Johnson Matthey plc Financial Overview (GBP Million)
Johnson Matthey plc Revenue, by Segment, 2023
Johnson Matthey plc Revenue, by Product and Services, 2023
Johnson Matthey plc Revenue, by Region, 2023
Daicel Corporation Financial Overview (JYP Million)
Daicel Corporation Revenue, by Segment, 2023
Daicel Corporation Revenue, by Region, 2023
Typical Characteristics of Conductive Silver Inks
Typical Characteristics of Carbon Inks
Nagase & Co., Ltd. Financial Overview (USD Million)
Nagase & Co., Ltd. Revenue, by Segment, 2023
Nagase & Co., Ltd. Revenue, by Region, 2023
Companies Mentioned
A selection of companies mentioned in this report includes:
Creative Materials, Inc.
Daicel Corporation
DuPont de Nemours, Inc.
ELANTAS GmbH
Henkel AG & Co. KGaA
Heraeus Holding GmbH
Inkron Oy
InkTec Co., Ltd.
Johnson Matthey plc
Kayaku Advanced Materials, Inc.
Novacentrix Corp.
Sun Chemical Corporation
Vorbeck Materials Corporation