"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Conductive Inks Market Size, Share & COVID-19 Impact Analysis, By Type (Silver Inks, Copper Inks, Conductive Polymer Inks, Carbon/Graphene Inks, and Others), By Application (Photovoltaics, Automotive, RFID, Membrane Switches, and Others), and Regional Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI106520



Play Audio Listen to Audio Version

The global conductive inks market size was USD 2.44 billion in 2020. The market is projected to grow from USD 2.53 billion in 2021 to USD 3.37 billion by 2028 at a CAGR of 4.2% during the 2021-2028 period. The impact of COVID-19 has been unprecedented and staggering, with witnessing a negative impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a decline of 4.1% in 2020 as compared to the average year-on-year growth from 2017 to 2019. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

Conductive ink combines the ability to conduct electricity with the utility of ink. The product is widely used in various applications, such as printing RFID tags, which are preferably used in modern transit tickets, computer keyboards, and windshield defrosters. Besides, cars have conductive traces printed on a rear window, serving as the radio antenna, printed circuit boards, photovoltaics, power electronics, and others. Growing demand for electronics, owing to their flexibility will drive the market growth. In addition, this ink for inkjet printers is used for energy storage components, such as supercapacitors, that could be created in any size or shape.


Manufacturers Reported Low Production Capacity Due to Temporarily Shutdown of the Units

The COVID-19 pandemic had a detrimental impact on electronics manufacturing and all associated industries. Due to lockdown limitations enforced by governments across the world during the early stages of the pandemic, the electronic material supply chain was severely disrupted. Also, the value chain was disrupted, which is commonly used in the manufacturing of flexible printed electronic devices, such as RFID tags, organic biosensors, solar cells, light-emitting diodes, transistors, and battery components, among others. Due to the lockdown restrictions and lower order intake, conductive ink manufacturers globally have reported lowering production capacity and even temporarily shutting down manufacturing facilities. Several manufacturing and end-use industries encountered uncertainty during this period, leading to unprecedented challenges. The pandemic's impact on the global supply chain was further intensified by trade restrictions, raw material and labor shortages, freight container shortages, and other logistical challenges. As the global economy began to recover from the pandemic's setbacks and gain pace, the emergence of a new, more infectious virus variant and certain countries' reporting a rise in the number of infected people have substantially increased the level of uncertainty in trade activities.


Request a Free sample to learn more about this report.

New Conductive Polymer Ink Paves Way for Next-Generation Printed Electronics

Researchers are expected to emphasize innovations in conductive polymer inks amidst soaring demand for printed electronics. For instance, in April 2021, Linköping University researchers, in collaboration with colleagues in the U.S. and South Korea, developed a conductive n-type polymer ink that is stable in air and at high temperatures. The new n-type material is in the form of ink, with ethanol functioning as the solvent. The ink may be deposited by merely spraying the solution onto a surface, making the production of organic electrical devices simpler and less expensive. The development paves the way for innovative conductive inks for printed electronics that are highly energy efficient. The doping technique may be used to manipulate the electrical properties of conducting polymers to achieve the desired functionality. According to the researchers, the newly developed electrically conductive polymers would enable the development and mass production of lightweight and flexible electronic devices, including light-emitting diodes, solar cells, organic biosensors, and transistors.


Rapid Growth in the Electronics Industry Will Drive Market

The global electronics industry, according to the International Labor Organization (ILO), is one of the major industrial sectors contributing to the global economy. Over the last few decades, the global electronic sector has witnessed numerous innovations and has dramatically reduced product costs. Rising consumer preference for more efficient and lightweight electronics products has prompted manufacturers to seek new innovative methods and materials for manufacturing miniaturized electronic components. This includes utilizing conductive ink to manufacture printed electronic devices such as RFID tags, organic biosensors, IoT sensors, touch displays, printed heaters, and thin-film PV cells. With the emergence of various new technologies, including the Internet of Things (IoT) and 5G networks, it is anticipated that more individuals and businesses around the world will upgrade their outdated electronics. Since this ink provides a fast and effective method for mass-producing electronics, it is likely to be adopted by more electronic manufacturers across the globe during the forecast period. Thus, increased demand for updated electronic devices will benefit and drive the conductive inks market growth.


Silver Price Volatility to Affect Industry Growth

Silver is a highly sought metal in the electronics sector due to its high conductivity and oxidation stability. Silver conductive inks are used in the manufacturing of high-performance electronic devices due to their exceptional conductive properties. Typical examples of applications that use silver-based ink are printed and flexible electronics, which have grown in popularity in recent years. However, the rising cost of silver has prompted a need to either minimize or replace the usage of this expensive metal. Silver price fluctuations have led manufacturers to shift their focus to alternative low-cost conductive metals, such as copper, graphene, and aluminum. The offered alternatives have qualities that are not comparable to silver due to their inferior properties, thus restricting market growth potential. As the price of silver is anticipated to rise during the forecast period, its usage in silver-based inks will be limited, thus hampering the market growth.


By Type Analysis

Silver Inks Segment to Dominate Market

Based on type, the market is segmented into silver inks, copper inks, conductive polymer inks, carbon/graphene inks, and others.

Silver-based inks are used in the production of high-performance electrical devices because of their high electrical and thermal conductivity, chemical stability, and ability to conduct electricity in their oxide state. Applications that use silver-based ink include printed and flexible electronics, which have gained popularity in recent years. Silver nanoparticles also have a low melting point, enabling the production of conductive thin films at low temperatures, which is important for applications in flexible substrates, such as polymers and papers.

Copper is one of the most widely used metals in the production process. Due to its high availability, copper is a cost-effective alternative to silver conductive ink. It offers several desirable properties, including high electrical and thermal conductivity comparable to silver and gold, along with antibacterial activity, making it suitable for a variety of applications. Copper inks are used in manufacturing flexible electronic devices, including smart robots, optoelectronics, health monitoring systems, and human-machine interface systems, among others. However, the downsides of copper inks include their vulnerability to oxidation in ambient conditions and their tendency to form insulating layers of copper oxide, which results in a reduction in the conductivity of sintered films.

By Application Analysis

To know how our report can help streamline your business, Speak to Analyst

Photovoltaics Segment to Hold Largest Market Share

Based on application, the market is segmented into photovoltaics, automotive, RFID, membrane switches, and others.

Thin film photovoltaic technology is one of the emerging applications. Grid lines are printed on thin film solar cells using conductive inks that have excellent adhesion and flexibility, making them ideal for solar array construction. Recent technological advancements, including inkjet printing, have paved the way for the mass production of the next generation of multifunctional, ultra-lightweight printed solar cells. Rapid prototyping enabled by inkjet printing is assisting researchers in producing more energy and cost-efficient solar cells, providing an opportunity to capitalize on the emerging global trend of transitioning to cleaner solar energy sources.

Several new trends, such as electrification and autonomous vehicles, are redefining the automotive industry, providing a lucrative opportunity for this market. These emerging trends will likely result in more electronic components per vehicle, such as additional sensors, processing units, human-machine interfaces, and temperature controls, among other things. Conductive inks play a pivotal role in the manufacturing of all of these modern electronic components; therefore, emerging trends in the automotive sector are anticipated to create growth opportunities in the business.

RFID technology can be found in a wide range of devices, including smartcards, passports, credit cards, and several transportation systems. In addition to meeting the requirements for flexibility, adhesion, and compatibility, the product used in RFID devices provides a high level of configurability, allowing them to transmit and receive specific radio frequencies. With developments in printed electronics technology, conductive inks are expected to make a significant contribution in developing low-cost, energy-efficient mass production technologies for electronic components such as RFID tags. The demand for RFID tags is anticipated to increase substantially as new technologies, such as the Internet of Things (IoT) and 5G networks, proliferate.


Asia Pacific Conductive Inks Market Size, 2020 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample

The market in Asia Pacific is anticipated to expand owing to rising product usage from end-use industries such as photovoltaics, touch screens, microelectronics, and others. Regional demand for consumer electronics has grown considerably over the last decade. This trend is anticipated to continue during the forecast period due to shifting demographics and rising purchasing power. Additionally, several countries in the region, including China, India, and a few other Southeast Asian countries have agreed to reduce their reliance on fossil fuels and replace them with solar photovoltaics to meet their power demand. Rapid growth in the consumer electronics and photovoltaics industry will increase the demand for conductive inks in the coming years.

The market in North America is anticipated to expand due to rising demand from the electronic device manufacturing industry. The U.S. is one of the world's major automobile producers, with regional manufacturing facilities of global automakers such as Ford, General Motors, Chevrolet, and Tesla. The U.S. has witnessed a rapid increase in electric vehicle sales in recent years, and this trend is likely to continue during the assessment period. Increasing product demand in the manufacturing of electronic components installed in these electric vehicles is expected to rise as major automakers engage in vehicle electrification. Thus, rising consumer demand for vehicles with more advanced features, which translates to more electronic devices and sensors in automobiles, is likely to benefit and drive the regional conductive ink market growth.

The European Commission has set legally binding commitments to cut net carbon emissions by 55% by 2030 compared to 1990 levels and eliminate them by 2050. Increasing the use of renewable energy is one of the European Union's initiatives to accomplish these goals, to raise the amount of renewable energy to 40% of total consumption by 2030. According to SolarPower Europe report, the region's solar industry expanded by 11% in 2020, providing an extra 18.7 Gigawatts of energy generation capacity through solar photovoltaic modules. Rising demand from the region's solar industry's expansion, as well as the EU's strong commitment to the transition to renewable energy, is anticipated to drive market expansion.

To know how our report can help streamline your business, Speak to Analyst

The market growth in Latin America is anticipated to be sluggish due to the region's political and economic uncertainties. However, Mexico has seen considerable investments in its manufacturing sector in recent years as a result of its lower manufacturing costs and logistical advantage as an exporter to the U.S. and Canada. The Middle East and Africa's market expansion is projected to be sluggish due to the region's undeveloped electronic sector.


Major Players Engaged in Collaboration and Acquisition to Gain a Competitive Edge in Market

The global conductive inks market share is competitive with key manufacturers holding decent market share in the industry. Most companies are involved in technological innovation to offer a competitive product portfolio to small and medium scale businesses to build upmarket competition and customers globally.

Manufacturers are engaged in strategic initiatives, such as acquisition and collaboration, to expand the business operation and gain a competitive advantage over other key players in the industry.

For instance, in October 2020, Henkel launched a new Loctite B2B online shop for printed electronics product samples. This initiative is a part of Henkel Adhesive Technologies’ strategy and is targeted to expand its e-shop product range for customers. It enables an easy ordering process from Loctite conductive and non-conductive coating materials and inks for different industry needs.


  • DuPont (Delaware, U.S.)

  • Henkel AG & Co. KGaA (Düsseldorf, Germany)

  • Creative Materials Inc. (Massachusetts, U.S.)

  • Heraeus Holding (Hanau, Germany)

  • Poly-ink (Paris, France)

  • CHASM (Massachusetts, U.S.)

  • Johnson Matthey (London, U.K.)

  • Vorbeck Materials Corp. (Maryland, U.S.)

  • Daicel Corporation (Osaka, Japan)

  • NovaCentrix (Texas, U.S.)

  • Adnano Technologies Pvt. Ltd (Karnataka, India)

  • Sun Chemical (New Jersey, U.S.)

  • PV Nano Cell Ltd. (Migdal HaEmek, Israel)


  • April 2021 - PV Nano Cell announced the development of a new carbon-based ink that will allow clients to print integrated resistors and capacitors. This newly developed inkjet ink allows for a high degree of geometrical flexibility when printing new components in a variety of shapes and forms.

  • February 2021 - Quad Industries and Henkel Industries expanded their strategic partnership to drive printed electronics solutions. The collaboration will provide clients with complete and rapid development assistance, beginning with direct access to the firms' R&D teams, which include expertise in material and manufacturing know-how in printed electronics.

  • May 2020 - Creative Materials, Inc. launched cost-effective gold conductive ink, coating, and adhesives. The company claims that CMI's 128-24 enhances the effectiveness of the gold to establish conductivity with the least quantity of gold possible. 128-24 provides high coverage at a low cost, making it ideal for printing non-oxidizing gold electrodes where smooth surfaces or tiny details are not required.


An Infographic Representation of Conductive Inks Market

To get information on various segments, share your queries with us

The conductive ink market report offers an in-depth market analysis and focuses on crucial aspects, including key companies, product types, and applications. Also, the report offers insights into market trends and highlights vital industry developments. This report includes historical data & forecasts revenue growth at global, regional, and country levels, and analyzes the industry's latest market dynamics and opportunities. In addition to the factors mentioned above, the report encompasses various factors contributing to the market's growth in recent years.

Report Scope & Segmentation



Study Period


Base Year


Forecast Period


Historical Period



Value (USD Billion)


Type, Application, and Region

By Type

  • Silver Inks

  • Copper Inks

  • Conductive Polymer Inks

  • Carbon/Graphene Inks

  • Others

By Application

  • Photovoltaics

  • Automotive

  • RFID

  • Membrane Switches

  • Others

By Region

  • North America (By Type, By Application, By Country)

      • U.S. (By Application)

      • Canada (By Application)

      • Mexico (By Application)

  • Europe (By Type, By Application, By Country)

      • Germany (By Application)

      • U.K. (By Application)

      • France (By Application)

      • Italy (By Application)

      • Rest of Europe (By Application)

  • Asia Pacific (By Type, By Application, By Country)

      • China (By Application)

      • Japan (By Application)

      • India (By Application)

      • South Korea (By Application)

      • Rest of Asia Pacific (By Application)

  • Latin America (By Type, By Application, By Country)

      • Brazil (By Application)

      • Rest of Latin America (By Application)

  • Middle East & Africa (By Type, By Application, By Country)

      • Saudi Arabia (By Application)

      • South Africa (By Application)

      • Rest of the Middle East & Africa (By Application)

Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 2.44 billion in 2020 and is projected to reach USD 3.37 billion by 2028.

In 2020, Asia Pacific stood at USD 0.85 billion.

Growing at a CAGR of 4.2%, the market will exhibit steady growth during the forecast period (2021-2028).

The photovoltaics segment is expected to be the leading segment in this market during the forecast period.

Rapid growth in the electronics industry is expected to drive the market.

Henkel, DuPont, CHASM, and PV Nano Cell Ltd are major players in the global market.

Asia Pacific dominated the market share in 2020.

Rapid increase in automotive sales is expected to drive the product adoption.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Mar, 2022
  • 2020
  • 2017-2019
  • 150

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

LG Chem

Related Reports

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.