(MENAFN- GlobeNewsWire - Nasdaq) Westford,USA, Nov. 28, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Conductive Inks market size will attain a value of USD 3.82 billion by 2031, with a CAGR of 4.2% over the forecast period (2024-2031). Growing demand for printed Electronics and rising investments in electronic device manufacturing are slated to be prime factors driving conductive inks market growth. Surging popularity of device miniaturization and the use of nanotechnology are also expected to alter the future conductive inks market outlook. Download a detailed overview:
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Conductive Inks Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 2.75 billion |
| Estimated Value by 2031 | $ 3.82 billion |
| Growth Rate | Poised to grow at a CAGR of 4.2% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Surging demand for printed electronics |
| Key Market Opportunities | Use of advanced nanotechnology to create better conductive inks |
| Key Market Drivers | Growing application scope and acceptance of printed electronics across multiple industry verticals |
Use of Conductive Inks in Photovoltaic Applications is Slated to Bring in Most Revenue for Market Players
Rapidly surging demand for photovoltaic products owing to the rising popularity of solar energy and sustainability are slated to aid the dominance of this segment. Conductive inks are used to print contacts, bus bars, and grids on solar cells and panels. Advancements in solar energy technologies and the rising popularity of renewable energy around the world are also estimated to bolster revenue generation for conductive ink companies in the long run.
Demand for Carbon Nanotube Conductive Inks is Slated to Rise at a Robust Pace Going Forward
The high mechanical strength and superior conductivity of carbon nanotubes has allowed them to become highly popular conductive inks in the electronics industry. The growing use of carbon nanotube inks in the creation of printed electronics, sensors, touchscreens, and energy storage devices is estimated to create new opportunities for all conductive ink companies across the study period and beyond.
North America is Estimated to Spearhead the Global Sales of Conductive inks
The presence of a strong technological infrastructure and rapid adoption of advanced technologies allows North America to lead the global conductive inks market forecast. Surging demand for different types of electronics across multiple industry verticals and presence of key conductive inks companies are also contributing to the high market share of this region. Canada and the United States are forecasted to be key countries for conductive inks providers operating in the North American region through 2031.
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Conductive Inks Market Insights:
Drivers
Surging demand for printed electronics Advancements in printed electronics and nanotechnologies Rising emphasis on device miniaturization
Restraints
Fluctuations in costs of raw materials required for conductive inks manufacturing High costs of silver conductive inks
Prominent Players in Conductive Inks Market
The following are the Top Conductive Inks Market Companies
DuPont (USA) Henkel AG & Co. KGaA (Germany) Sun Chemical Corporation (USA) Heraeus Holding GmbH (Germany) Johnson Matthey Plc (UK) NovaCentrix (USA) Poly-Ink (South Korea) Creative Materials Inc. (USA) Conductive Compounds Inc. (USA) Vorbeck Materials Corporation (USA)
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Key Questions Answered in Conductive Inks Market Report
Which market trends are projected to create new opportunities in the future?
Who are the leading conductive ink companies as per this market analysis?
Which region holds a dominant stance as per this market forecast?
How can conductive ink providers make silver inks affordable for end users?
This report provides the following insights:
Analysis of key drivers (growing demand for printed electronics, increasing emphasis on device miniaturization), restraints (high costs of silver conductive inks, fluctuations in pricing of raw materials), and opportunities (use of nanotechnology to create novel conductive inks) influencing the growth of Conductive Inks market. Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.
Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the Conductive Inks market. Market Development: Detailed analysis of potential regions where the market has potential to grow. Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets. Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.
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SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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