Based on product, Conductive Ink 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 ink 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 ink 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 ink 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 ink market size by 2024.
Conductive ink 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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Key players across the conductive ink market ecosystem are engaged in technological innovation in order to provide a competitive product portfolio to their customers across the globe. In addition, major players including Henkel have a wide array of products serving all the prime industry end-users including electronics, automotive, medical & healthcare industry, etc. This helps in the company to expand their business operations and achieve competitive advantage over other players in the business.