Advanced printable ink used to print circuits on substrates in order to conduct electricity are called as conductive ink. These inks contain pigments that provide function, beyond that of color and substrate hiding power of graphic inks. Conductive components contained in conductive inks may be comprised of silver, carbon, graphite, or other precious metal coated base material.
Major factors driving growth of the global conductive ink market are rapid development in electronics and semiconductor industry, and increasing demand for miniaturization of devices and products. In addition, increasing demand for advanced fabrication techniques is another factor driving growth of the global market. Major factors hampering growth of the global conductive ink market are high cost of silver that is used in production of silver conductive ink, and high manufacturing cost of nanoparticles. Increasing adoption of conductive ink for smart packaging and smart textiles is the current trend observed in the global market, which is expected to further drive growth of the global market to a significant extent over the next 10 years.
The global conductive ink market is segmented on the basis of type, application, and region. Among the type segments, the silver conductive ink segment accounts for highest market share in the global market, owing to its higher thermal conductivity and printability as compared to other type of conductive inks.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market accounts for highest revenue share in the global market, followed by the market in Europe. The growth in Asia Pacific conductive ink market can be attributed to presence of major manufacturers of electronic products and devices in countries such as China, South Korea, and Japan. The market in Asia Pacific is expected to witness highest growth over the forecast period.
Key players in the global market are Du Pont, Henkel AG & Co. KGaA, NovaCentrix, Applied Ink Solutions, Methode Electronics, Creative Materials Inc., Nano Dimension, TEKRA, A Division of EIS, Inc., Johnson Matthey Color Technology, Sigma-Aldrich Co. LLC., and other prominent players.