The market is anticipated to expand at a steady CAGR of 3.4% during the forecast period (2018-2026).
On the basis of application, the biosensor segment is expected to dominate the global conductive inks market in the coming years.
This is mainly because of the increasing demand for biosensors from end-user industries such as semiconductors, packaging and retails.
Based on the region, the demand for conductive inks is expected to rise in Asia Pacific region. This can be attributed to the increasing adoption of conductive inks in the electronics & electrical sector. China is considered as a hub of the semiconductor industry and conductive inks are increasingly used for making circuits on the silicon substrate.
The global conductive inks market is expected to rise at a steady pace in the next few years. This is mainly due to the growing application of printed circuit boards (PCBs), antennas, sensors, touch screens, and printed heaters in different industries.
Conductive inks are widely used to print electronic circuits over several surfaces. With technological advancements in nano-patterning, the demand for conductive inks is expected to rise further. This is mainly because of their ability to improve light extraction from OLEDs (Organic Light Emitting Diodes). Moreover, the utilization of the 3D printing innovation in medicinal gadgets and different applications is anticipated to offer colossal development potential for producers f conductive inks
Despite several opportunities in the global conductive inks market, the growth in the global conductive inks market is expected to hamper owing to the stringent government regulation over the use of harmful chemicals in the manufacturing of the conductive inks.
Nevertheless to overcome several giant players in the global conductive inks market is focusing on the development of organic and less harmful conductive inks. For instance, method – Key players in the market have launched aqueous based conductive inks. These inks do not contain harmful chemicals and are made from aqua-based material. This is expected to offer several new opportunities for the growth of the global conductive inks market.
Along with this, the rising demand for the packaging industry for electronic barcode printing is another factor expected to fuel the global conductive inks market in the coming few years.