Automotive and healthcare fields are becoming major growth opportunities.
Anthony Locicero, Associate Editor03.15.19
The global market for conductive inks, pastes and other materials is estimated by consultants at $2 billion, growing to nearly $4 billion by 2021. According to a report from MarketsandMarkets, the conductive ink segment is projected to reach $3.91 billion by 2021, driven by photovoltaics and the automotive market.
“The wide application in solar panels, automotive circuits, and electronic and electrical equipment is also expected to drive the global conductive inks market,” the report states.
The automotive sector is becoming a major growth opportunity for the conductive ink industry, according to Dr. Khasha Ghaffarzadeh, research director at IDTechEx, which placed the overall value of conductive inks and pastes at $2 billion annually.
“For years, suppliers have been serving the need for conductive pastes in window demisters, seat belt buttons, airbag deployers, and so on,” he said. “[M]ore recent[ly], the market has also expanded to include seat o
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