Global Ag paste market was documented US$ XX Bn and is expected to reach US$ X.45 Bn by 2027, at CAGR of X.24% during a forecast period.
Global Ag Paste Market
Market Definition:
Ag paste is produced by using silver metal and widely popular for its high thermal conductivity, reflectivity and electrical conductivity result of this it is used in variety of applications in numerous field includes, electronics, energy, brazing and soldering, chemical production, coins and investments, photography, medicines and many more. Market situation is fluctuating owing to pandemic Covid-19 outbreak, will drop the supply chain of raw material from various corner of the globe thus, expected to show economical drop all over the world. Additionally, Ag paste market expected to expected to reach US$ X.45 Bn by 2027, at CAGR of X.24% during a forecast period. Automobile segment recorded for XX Bn market share as this sector growing will highly demand for Ag paste as adhesive by automobile manufacturers to show wide demand for Ag paste in near future will boost the market growth. The recorded production of the silver in 2019 was 980 MT and expected to grow by 2027. China recorded high production as compare to US by 3,600 MT and expected to cover 95% of China's silver production is the by-product of other mining operations. Leading key player in the market Henkel AG & Company KGaA, and Heraeus has shared a XX% market share in the year of 2019.
Market Dynamic
Advancement in the technical sector have boosted the application in automobile as silver paste chiefly used in the production of alarm circuits, antennae and printed circuits of defogging systems is expected to broaden the market demand will help to increase in the market size. Also, bending interest towards utilization of solar panel across the globe will fuel the market growth for long run. Silver paste being used in the manufacturing of low temperature coal-fired ceramics, polymer inks, multilayer ceramic capacitors and adhesive further it is utilised in electric and electronics components like circuits, capacitor and resistors hence, growing demand for electronic and electrical utilizations is estimated to boost the demand for Ag paste during the forecast period. Additionally, in the invention filed is directed to a thick film silver paste and its use in the manufacture of semiconductor devices such as photovoltaic cells, and in particular solar cells.
Noticeable factors like advances in the metallization technique has supress the demand of silver paste by PV industry will restrained the market growth in coming years.
Ag Paste Market Segment analysis
By application segment electrical and electronic components application segment has more than a third share of the overall global Ag Paste market because widespread use of the product in targeted industry and one third share is expected to increase during the forecast timespan. This segment produced revenue more than US$ XX Bn semiconductor market in 2019. Silver's unsurpassed thermal and electrical conductivity among metals means it cannot easily be replaced by less expensive materials for instance, is considered as strong factor for the global Ag paste market.
Recent Advancement of Research in Silver‐Based Solder Alloys
In recent times, Ag‐based solders have appeared as a highly potential candidate in substituting health‐hazardous Pb‐containing solders. Silver possesses some unique properties required for high‐temperature solders like good corrosion and oxidation resistance, excellent biocompatibility and workability, good thermal and electrical conductivity. In general, power semiconductor devices require interconnect materials to operate at high switching speeds, high current densities, and junction temperatures of more than 200 °C. Ag is one of the few viable candidates for satisfying these reliability and environmental criteria. The advancement focuses on the outcome of the recent research works in the development of Ag‐based high‐temperature solders along with their microstructural, thermal, mechanical, and electrical properties, and reliability issues. Ag in soldering and die‐attach applications. The document is released in march 2019 expected to generate huge market demand.
Ag Paste Market Regional analysis
Regionally, Asia Pacific is anticipated to witness the fastest market growth during the forecast period expanding at a CAGR of XX% over the forecast period. Emerging economies like China Japan and India have contributed for the largest market share in 2019. On the other hand, major growth driver of the market I this region is high spending and support by the government for the new researches and development. The growing demand for solar energy and high aids from local administrative bodies in India, China, and Japan is expected to increase the demand for Ag paste market in Asia Pacific by 2027. Preparation of nano silver paste and applications in transparent electrodes via electric-field driven micro-scale 3d printing is helping in growth of popularity in this region. As he developed product consumption and adoption in this region is very high expected to boost the market growth by the end of 2027.
The objective of the report is to present a comprehensive analysis of the Global Ag Paste Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Ag Paste Market dynamics, structure by analysing the market segments and project the Global Ag Paste Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Ag Paste Market make the report investor’s guide.
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Scope of Ag Paste Market
Global Ag Paste market, By Product
• 60% Ag
• 80% Ag
• 85% Ag
• Other
Global Ag Paste market, By Application
• Electrical and electronic components
• Automobiles
• Solar cells
Global Ag Paste market, By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Ag Paste Market,
• Targray Technology International
• Johnson Matthey
• Ag Pro Technology Corp
• Cermet Materials
• Heraeus Holding
• DowDuPont
• Chimet
• Henkel
• Metalor
• DuPont
• 3M
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