The market is projected to witness significant growth over the next eight years owing to the increasing demand for efficiency and miniaturization coupled with novel product development. New product types, which suit rigid as well as flexible substrates and can achieve low electrical resistivity, have been developed, thus contributing to market growth.
Increasing technological improvements in photovoltaic systems are projected to propel the conductive inks market growth globally. Rising demand for efficient and miniature consumer electronics has surged the demand for the product, which in turn, is leading to the industry growth. These replace the energy consuming wires and bulky circuits over the forecast period.
Silver ink products find use in markets such as medical devices, consumer electronics, and alternative energy solutions. The products also find applications in polymer thick-film circuitry, EMI and RFI shielding of polyimide flexible circuits, membrane switches, and coatings for tantalum capacitors.
Copper ink is used for photonic curing in consumer electronic, RFID, membrane touch switch, and antenna applications. The inks are cost effective in comparison to conductive silver ink. Conductive polymers are used in spin coatings and slot die coatings. Carbon nanotube ink is used for inkjet printing.
Dielectric ink is flexible, solvent resistant, and ultraviolet curable. It offers high resistance to different temperatures, solvents, and humidity. Carbon/graphene ink is widely used in printed electronic applications. Other conductive ink types mainly consist of gold-based ink, aluminum-based ink, and nickel-based ink.