At 6.5% CAGR, Global Conductive Ink Market Size & Share Surpass US$ 9.8 Bn By 2030, Forecast & Analysis Report By CMI
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According to the study, The?Global Conductive Ink Market?was estimated at USD 3.8 Billion in 2021 and is anticipated to reach around USD 9.8 Billion by 2030, growing at a CAGR of roughly 6.5% between 2027 and 2030.
?Overview:
Conductive ink comprises a conductive material, a thermoplastic polyvinyl butyral terpolymer binder, and a glycol ether solvent and carbon particle, which is infused into the ink due to its suitable conductive property. It is widely used in automobiles, electronics, displays, switches, and many others.
Growth Drivers:
The growing use of conductive ink in the automotive and electronics sectors will aid market growth.
The rising incidences of short circuits in the electrical components have escalated the demand for conductive inks, which are extensively replaced with wires and copper tracks. This factor is anticipated to enhance the overall demand for conductive inks in the growing electronics industry.
A rise in urbanization drives the growth of the Conductive Ink Market, an increase in the use of renewable energy, and support from governments of developed and developing nations such as the U.S., India, China, and others are key market trends for the Conductive Ink Market. Photovoltaic cells convert solar energy to direct current electricity, whereas conductive inks can be used on flexible and rigid substrates for thin film and photovoltaic grid line applications. Merk KGaA Company offers Plexcore PV Inks for a printed solar power system. This is projected to propel the market’s conductive ink growth.