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LONDON, GREATER LONDON, UNITED KINGDOM, November 6, 2024 /EINPresswire.com/ -- The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!
The conductive inks market is anticipated to grow from $3.38 billion in 2023 to $3.68 billion in 2024, reflecting a CAGR of 8.7%. This growth is driven by electronics miniaturization, advances in printed electronics, the rise of flexible and wearable electronics, IoT connectivity, and energy efficiency initiatives.
What Is the Future Market Size of the Global Conductive Inks Market and Its Yearly Growth Rate?
The market size is expected to see strong growth in the next few years. It will grow to $5.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to 5g and wireless technology, smart packaging, biomedical and healthcare devices, sustainable electronics, automotive electronics. Major trends in the forecast period include miniaturization and integration, wearable technology, printed electronics, iot sensor integration, 3d printing.
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What Are the Main Factors Driving Conductive Inks Market Expansion?
Increasing demand for electronics is likely to propel the market. These inks are essential for fabricating high-quality electronic components, offering quicker and more cost-effective production methods compared to traditional techniques. In May 2023, the Japan Electronics and Information Technology Industries Association reported that total electronic equipment production in Japan reached ¥771,457 million (approximately $52.4 billion), with consumer electronics production climbing to ¥32,099 million (around $2.18 billion). As such, the rising demand for electronics is driving growth in the market.
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Who Are the Main Competitors Driving the Conductive Inks Market Forward?
Major companies operating in the market include DuPont de Nemours Inc., Henkel Adhesives Technologies India Private Limited, Creative Materials Inc, Heraeus Group PPG Industries, Johnson Matthey PLC, Vorbeck Materials Corporation, Daicel Corporation, NovaCentrix, Adnano Technologies Pvt. Ltd, Sun Chemical Corporation, PV Nano Cell Ltd., Methode Electronics, Epoxies Etc., Fortune International Technology LLC, Boston Industrial Solutions Inc., Nanospark, Chromatic Technologies, Centre for Process Innovation (CPI), Electroninks Incorporated, Haydale Graphene, Dycotec Materials Ltd., Dow Consumer, Applied Nanotech Holdings Inc., Nanosys Inc, Vorbeck Materials, American Elements, Metamaterial Inc.
How Are New Trends Transforming the Conductive Inks Market Size?
Companies in the conductive ink market are innovating with products like activegrid room temperature curing ink to maintain their market position. This type of conductive ink can be cured at room temperature, making it suitable for a wide array of flexible and printed electronics applications. For instance, in October 2022, C3Nano Inc. launched activegrid room temperature curing conductive ink, which opens new possibilities for applications in life sciences, automotive, packaging, consumer electronics, and disposable products that were previously impractical or too costly.
What Are the Key Segments Within the Global Conductive Inks Market?
The conductive inks market covered in this report is segmented –
1) By Type: Silver Inks, Copper Inks, Conductive Polymer Inks, Carbon or Graphene Inks, Other Types
3) By Product Type: Offset Silver Ink, Letterpress Ink, Intaglio Silver Ink
3) By Application: Photovoltaic, Membrane Switches, Displays, Automotive, Smart Packaging, Biosensors, Printed Circuit Boards, Other Applications
Asia-Pacific’s Role as the Foremost Player in the Conductive Inks Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Conductive Inks Market Definition
Conductive ink is a printable ink infused with conductive materials, enabling its use in printed electronics for applications such as skin patches and glucose monitors.
The Conductive Inks Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Conductive Inks Market Report: Trends, Opportunities, Strategies, and More
The Conductive Inks Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into conductive inks market size, conductive inks market drivers and trends, conductive inks market major players, conductive inks competitors' revenues, conductive inks market positioning, and conductive inks market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
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