Global Nanosilver Inks Market
Global Nanosilver Inks Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx% through 2020 to 2026, reaching US$ XX Mn.
Nanosilver inks are increasingly being used to print lines in circuit boards as they provide high conductivity and controllability when compared with the other inks. As these inks are highly customizable, electrical and electronics and automotive industries are progressively using these inks for a wide range of applications. Factors such as increasing use of electronics due to expanding urbanization, miniaturization of components, advantages offered like high conductivity and declining costs are some of the factors driving the market growth.
Global Nanosilver Inks Market Dynamics
Major companies are focusing towards developing innovative nanosilver products in the printing industry. The company recently developed a nanosilver ink SI-P1000x having a superior performance which would allow the users implement miniaturization and certain key applications as well as reduce the cost of the materials used.
Printing techniques, such as flexographic and gravure, which lower the importance of nanosilver technology in the printing industry. Even though, it may take quite some time to bring down the prices of smaller nanosilver ink and pastes products as compared to huge quantities of conventional silver inks and pastes, the industry for nanosilver is expected to gain momentum over the next few years. Demand for nanosilver inks is also expected to rise as printing precision is gaining importance due to miniaturization of electronic products across certain applications.
However, the major factor acting as a restraint for the conductive inks market growth is the scarcity of chemical compatibility with most of the polymers, which is necessary to provide mechanical endurance. Besides, there is a necessity to develop technologies that can impart long-term stability of conductive inks for commercial purposes. This issue is especially faced with nanoparticle inks, as the technologies required for its use are expensive.
Emerging applications have raised the need for optimizing the usage of conductive inks in specialized printing processes
Global Nanosilver Inks Market Segment Analysis
Offset Silver inks are widely used in the photovoltaic application hence, the most preferred type. The upcoming trend of integration of different technologies is being driven by the use of offset silver inks.
Based on application, the conductive inks market has been segmented into photovoltaic, membrane switches, displays, automotive and RFID. RFID application is projected to register the highest CAGR during the forecast period. The use of conductive inks in the printing of RFID chips have several benefits, such as reduction in size and faster and more efficient production, which results in cheaper cost of production. Rising demand for RFID tags is expected to drive the growth of the market.
Global Nanosilver Inks Market by Application
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Global Nanosilver Inks Market, by Region
Global Nanosilver Inks Market region
Asia Pacific is estimated to be the dominating nanosilver inks market share of xx% in 2019. The growth in the Asia pacific region can be attributed to the growing demand for nanosilver inks due to high economic growth of the emerging economies and the increasing disposable income in the region contribute to Asia pacific being an attractive market for nanosilver inks manufacturers. Moreover, the tremendous growth of the photovoltaic, PCBs and Automotive segments and the increasing use of windshield sensors in vehicles are primarily responsible for the high demand for nanosilver inks in the region.
Global Nanosilver Inks Market Scope: Inquire before buying
Global Nanosilver Inks Market table
Global Nanosilver Inks Market Key Players
• Agfa-Gevaert N.V.,
• Bayer MaterialScience,
• Methode Electronics, Inc.
• Du Pont
• NanoGap
• NanoCnet
• Clariant
• Sun Chemical
• Agfa
• Fujikura Ltd
• Advanced Nano Products Co., Ltd.
• NovaCentrix
• Daicel Corporation
• Henkel AG & Co. KGaA
• Heraeus Holding GmbH
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