According to a new report by Expert Market Research titled, “Global Non-Conductive Inks Market Share, Size, Report and Forecast 2024-2032″, the global non-conductive inks market size reached a value of USD 508.37 million in 2023. Aided by the increasing use of glass substrates in the electronic industry and increase in the production of PCB panels, the market is projected to further grow at a CAGR of 6.8% between 2024 and 2032.
Non-conductive inks are inks devoid of any conductive materials. They primarily find their usage in printed electronics, playing a pivotal role in creating isolation barriers, insulators, or dielectrics. These inks are quintessential in ensuring that circuits function as intended without shorting or any other form of unintended interference. Beyond its fundamental properties, non-conductive inks offer a multitude of benefits including flexibility, lightweight nature, and adaptability, making them essential in various applications, especially in flexible and printed electronics.
The non-conductive inks market growth is driven by the rising product demand from the burgeoning electronics sector. The rapid advancements in this sector necessitate the use of components that are lightweight, flexible, and durable. The popularity of wearable devices, flexible screens, and compact electronics has spotlighted the crucial role of non-conductive inks. Their use ensures that the increasingly compact and intricate circuits function flawlessly, thereby enhancing their importance in the modern electronics space.
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One of the significant non-conductive inks market trends is the rising application in RFID (Radio Frequency Identification) tags and sensors. As industries gravitate towards automation and require real-time data monitoring and collection, the usage of RFID tags and sensors has risen. These devices rely heavily on non-conductive inks to ensure their seamless functioning, further boosting the demand in the market.
The printed electronics are witnessing a surge, propelling the non-conductive inks market demand. With the printing technology enabling the production of lightweight, flexible, and cost-effective electronic components, industries are rapidly integrating them into their product offerings. Non-conductive inks, forming the backbone of these printed electronic components, are witnessing a concurrent increase in their application.
Moreover, a detailed non-conductive inks market analysis also highlights their growing demand in the photovoltaic sector. The global shift towards renewable energy has led to a surge in the production of solar panels. Non-conductive inks play an integral role in the manufacturing of thin-film solar cells, ensuring the panels’ longevity and efficiency, thus strengthening their market position.
Furthermore, the transition towards smart packaging in various industries contributes to the demand for non-conductive inks. Smart packaging, which goes beyond the traditional roles of protection and branding, necessitates the integration of sensors and other electronic components. As a result, non-conductive inks, vital in the functioning of these added components, are witnessing a rise in their demand.
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Market Segmentation
The market can be divided based on application and region.
Market Breakup by Application
• PCB Panels
• PV Panels
• LED Packaging
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global non-conductive inks market. Some of the major players explored in the report by Expert Market Research are as follows:
• Henkel AG & Co. KGAA
• Teikoku Printing Inks Mfg. Co., Ltd
• Proell GmbH
• Others
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