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Silver inks have lower density of materials, reduced weight of parts, fast handling properties. They are s are versatile, effective and durable, and are commonly used as substitutes for traditional cable and loop arrangements to increase performance and minimalize the mass of electronic components.
In the photovoltaic application, silver inks are generally used. The forthcoming trend in the incorporation of multiple innovations is powered by the use of silver inks, so the massive growth in photovoltaics segments and the the usage of windshield detectors in vehicles are primarily responsible for the increase demand for silver inks. However, shortage of chemical compatibility with most of the polymers needed for the purpose of providing mechanical durability imapacts the market growth. Furthermore, technology needs to be developed that can provide secure silver inks for commercial gain over the long run thus are expected to pull down the market growth.
Key Market Driver -
Strong demand for photovoltaics drives the market.
Key Market Restraint -
Lack of chemical compatibility with most of the polymers restrict the market growth
Based on product type, the market for silver ink is further segmented into silver nanoparticles, silver flakes, silver nanowire. Based on application, the market for silver ink is further segmented into membrane switches, radio-frequency indentification, automotive, printed circuit board, bio-sensors, displays, others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global silver ink market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the silver ink market includes DowDuPont, Merck KGaA, Henkel Corporation, Sun Chemical, Heraeus Holding, Poly-Ink, Johnson Matthey, Novacentrix, Vorbeck Materialsand others.
In terms of Geography, the silver ink market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region dominates the demand for silver inks. It can be attributed to the rising demand for silver inks due to the rapid economic growth of the developing economies, and the rising disposable income in the region contributes to market growth. Government bodies have introduced environmental rules to promote manufacturing by upgrading them with lighter new materials to reduce the number of heavy items used in any product. The consumer behavior for compact and light materials in the automotive industry has boosted the market for silver ink. Innovation in fields such as back windshield application industry. Europe has a substantial market share. Growing concerns about high carbon emissions have placed government entities at risk of transitioning to cleaner energy alternatives. This, has resulted in higher investments for solar photovoltaic systems, contributing to demand growth in this area. Due to the availability of alternative products, Middle East and Africa are expected to face slow growth. In many applications, carbon particles are favored, as they deliver appropriate technical capabilities at a cheap price. Latin America is seeing relatively slow growth due to the lack of manufacturial base in the region.
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