The Conductive Ink Market size is estimated at USD 3.13 billion in 2024, and is expected to reach USD 4.01 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the market in 2020 due to disruptions in the supply chain and the closure of manufacturing facilities. The electronics and solar industry was hampered in the short term due to the COVID-19 pandemic. However, the market recovered in 2021 and 2022 and is expected to grow over the forecast period.
The growing installation of solar panels and the increasing demand for printed circuit boards (PCBs) have been driving the market study.
On the flip side, the fluctuating raw material prices have been hindering the growth of the market studied.
Further, the increasing investment in nanomaterials and nanotechnology is likely to provide the opportunity for market study.
The Asia-Pacific region dominated the market across the world, with the largest consumption coming from countries such as China, India, and Japan.
The global conductive ink market is partially consolidated in nature, with a few major players occupying a significant position in the global market. Some of the major companies (not in any particular order) operating in the market are Sun Chemical, Vorbeck Materials, DuPont, Henkel AG & Co. KGaA, and Heraeus Holding, among others.
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