Silver Inks & Pastes Market By Purity (Below 99.9%, 99.9%, & Above 99.9%), By Substrate (Polyethylene Terephthalate (PET), Polycarbonate (PC), Polyimide (PI), Glass, & Others), By Application (Printed Circuit Boards, Smartphones, Radio Frequency Identification (RFI), Bio-sensors, Solar Cell, Screen Painting, Thin Film PV, & Others), By End Use Industry (Electronics (Printed Electronics, Flexible Electronics, & Others), Energy & Power, Automotive, Aerospace, & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: CMR 89229 Report Format: PDF + Excel

Silver Inks & Pastes Market Overview

The Silver Inks & Pastes Market size is estimated to reach US$3.9 billion by 2027 after growing at a CAGR of around 4.2% from 2022 to 2027. The Silver Inks & Pastes are an excellent conductor of electricity. The silver ink comprises of conductive material, thermoplastic binder such as polyvinyl pyrrolidone, and solvent such as methyl ethyl ketone, formic acid, ethyl alcohol, and sodium borohydride. The Silver Inks & Pastes have major applications in printed electronic devices, screen printing, RFID, solar cells, and others. The high demand of Silver Inks & Pastes for printing application in the electronics sector is driving the Silver Inks & Pastes Market. Furthermore, the increasing application in the automotive, photovoltaics, and other end-use industries will offer major growth in the Silver Inks & Pastes industry during the forecast period.

Silver Inks & Pastes Market COVID-19 Impact

The Silver Inks & Pastes Market was affected by the covid-19 outbreak. The disruptions in production, disrupted supply chain, shipments delay, and others led to major impact in the market. The Silver Inks & Pastes have growing application in the electronics industry. The electronics sector faced major disruptions and logistics disturbances, along with delay in distribution and manufacturing activities. Moreover, the shortages in raw material for production and shutdown led to disrupted supply and declining demand in the initial pandemic phase. According to the International Data Corporation (IDC), the spending on PCs saw a decline of 7.9%, 14.6% decline in tablets, and 14.0% decline in mobile phones in US for April-May 2020. The declining demand in the electronics sector led to a major fall in the application of Silver Inks & Pastes in PCBs, RFID, printing, and others. Thus, the Silver Inks & Pastes Market experienced shutdown and restricted growth in the pandemic

Report Coverage

The “Silver Inks & Pastes Market Report: – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the Silver Inks & Pastes industry.

By Purity: Below 99.9%, 99.9%, and Above 99.9%
By Substrate: Polyethylene Terephthalate (PET), Polycarbonate (PC), Polyimide (PI), Glass, and Others
By Application: Printed Circuit Boards, Smartphones, Radio Frequency Identification (RFI), Bio-sensors, Solar Cell, Screen Painting, Thin Film PV, and Others 
By End Use Industry: Electronics (Printed Electronics, Flexible Electronics, and Others), Energy and Power, Automotive, Aerospace, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The Silver Inks & Pastes Market size will grow due to rising demand in applications such as printed circuit boards, flexible circuit, PV panels, biosensors, e-textiles, and others during the forecast period.
  • The Asia Pacific region held the largest market share in the Silver Inks & Pastes industry due to adoption of latest technologies and establishing production base for Silver Inks & Pastes, along with flourishing electronics and photovoltaics sector.
  • The Silver Inks & Pastes have rising application in the printed circuit boards (PCB) owing to superior thermal and electrical conductivity, lightweight and economical costs features.

Figure: Asia Pacific Silver Inks & Pastes Market Revenue, 2021-2027 (US$ Billion)


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Silver Inks & Pastes Market Segment Analysis – By Application

By application, the printed circuit board (PCB) segment accounted for the largest share in the Silver Inks & Pastes Market and is expected to grow with a CAGR of around 4.5% during the forecast period. The Silver Inks & Pastes have major application in the printed circuit boards owing to high electrical conductivity, thermal conductivity, lightweight, and strong adhesion properties. The high demand of printed circuit boards in electronics such as smartphone, touch screens, computers, TV, and others is propelling the growth in the market. The silver pastes and inks which comprises of solvents such as ethyl alcohol, formic acid, and others, binder such as polyvinyl pyrrolidone, and others are used in PCBs fabrication and provides economical costs in the circuit printing in various electronics devices. According to the Institute for Printed Circuits (IPC), the total North American PCB shipments showed a rise of 12.8% in February 2022 compared to the same month in the previous year. Furthermore, the growing production in printed circuit boards is booting the demand of Silver Inks & Pastes in the market. Thus, with rising application in PCB for electronic sector, the Silver Inks & Pastes industry will grow in the coming years.

Silver Inks & Pastes Market Segment Analysis – By End-Use Industry

By end-use industry, the electronics segment held the largest Silver Inks & Pastes Market share and is expected to grow with a CAGR of 3.7% during the forecast period. The Silver Inks & Pastes have major application in the electronic industry for various consumer electronic devices, printed electronics, and other electrical components. This is due to its superior properties such as electrical and thermal conductivity, lightweight, and strong adhesion. Furthermore, rise in production of consumer electronics owing to increasing demand of computer, smartphone, and other devices during the work from home culture in pandemic is propelling the growth in the Silver Inks & Pastes Market. According to the Consumer Technology Association (CTA), the smartphones shipment generated revenue of USD 61 billion and smart home appliances generated USD 15 billion in 2021 in the US. Thus, with growing demand in consumer electronics, printed electronic, and others in the electronics industry, the global silver ink and pastes market will experience major growth during the forecast period.

Silver Inks & Pastes Market Segment Analysis – By Geography

By geography, Asia Pacific is the fastest-growing region in the Silver Inks & Pastes market and is projected to grow with a CAGR of 5.2% during the forecast period. The growth of Silver Inks & Pastes industry in this region is influenced by its high demand in photovoltaics, electronics, automotive, and end-use industries. The Silver Inks & Pastes are used in solar cells, PV panels, and others. Moreover, the rapid growth in the photovoltaics and solar power technology in countries such as India, China, and others is driving the market. According to the International Renewable Energy Agency (IRENA), the total solar capacity saw a major expansion in Asia with 78 GW in 2020, with major capacity increase in the China with 49 GW. Furthermore, increasing production in electronics and automotive such as for smartphones, RFID tags, 3D printing, and others is boosting the growth prospects for Silver Inks & Pastes Market in the APAC region. Thus, the Silver Inks & Pastes Market is expected to grow rapidly during the forecast period.

Silver Inks & Pastes Market Drivers

Growing demand in the photovoltaics application

The Silver Inks & Pastes have rising demand in the photovoltaics sector. The silver pastes are used in solar cells, printing, PV panels, and others owing to superior features such as high thermal and electrical conductivity, stability, and adhesion. Furthermore, the rising emphasis on solar power and photovoltaics technologies across the globe is driving the Silver Inks & Pastes Market. According to the International Energy Agency (IEA), the power generation from the solar PV showed a rise of 23% in 2020 with a record of 156 TWh. Thus, the growing demand and production in the photovoltaics sector is offering high growth in the Silver Inks & Pastes Market.

Increasing demand from electronics sector

The demand of Silver Inks & Pastes in the electronics sector for flexible and printed electronic sector is growing. The Silver Inks & Pastes are composed of binder such as polyvinyl pyrrolidone, and solvents such as methyl ethyl ketone, formic acid, ethyl alcohol, sodium borohydride, and others. The silver pastes and inks offer high electrical conductivity in circuit printing application. Furthermore, the adoption of flexible electronics and printed electronics is driving the Silver Inks & Pastes Market. According to the Indian Brand Equity Foundation (IBEF), the sales of consumer electronics in India saw an increase of 8% in October 2020. Thus, the development and rising demand of silver pastes and inks in electronics is offering major growth opportunities in the market.

Silver Inks & Pastes Market Challenges

Volatility in the silver prices

The Silver Inks & Pastes have growing application across various end-use industries. However, the Silver Inks & Pastes Market faces major challenge due to volatile prices of silver, which is used in making pastes and inks. The fluctuation in the prices affects the production and consumption of the conductive inks and pastes. For instances, the British Broadcasting Corporation (BBC) on February 2021 reported an increase in silver prices by 10% reaching a 5- month high of USD 950 per kg. Thus, with fluctuation in silver prices, the cost of inks and pastes are influenced, thereby leading to a growth slowdown or production challenge in the market.

Silver Inks & Pastes Industry Outlook

The Silver Inks & Pastes top 10 companies include:

  1. Vorbeck Materials Corporation
  2. Heraeus Holding GmbH
  3. Johnson Matthey plc
  4. Sun Chemical Corporation
  5. Applied Ink Solution
  6. DuPont
  7. Henkel AG
  8. NovaCentrix
  9. Intrinsiq Materials
  10. Creative Materials Inc.

Recent Developments

  • In August 2021, the DuPont sold its silver paste business, Solamet to the Chinese based silver paste manufacturing firm, Jiangsu Suote Electronic Materials. The acquainted of Solamet will provide industrial resources and capital and innovation in metal paste products.
  • ·In June 2021, the Heraeus photovoltaics introduced various advanced metallization pastes, which included SOL 8 Series silver paste with the aim to offer top-notch performance and efficiency.
  • In May 2021, the DuPont launched the DuPont DA510 advanced pressure sintering silver paste, which is designed for the semiconductor die attach and offers enhanced reliability and productivity in power module assembly process.

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1. Silver Inks & Pastes Market- Market Overview
    1.1 Definitions and Scope
2. Silver Inks & Pastes Market - Executive Summary
    2.1 Key Trends by Purity
    2.2 Key Trends by Substrate
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Silver Inks & Pastes Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Silver Inks & Pastes Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Silver Inks & Pastes Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Silver Inks & Pastes Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Silver Inks & Pastes Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Silver Inks & Pastes Market – By Purity (Market Size -$Million/Billion)
    8.1 Below 99.9%
    8.2 99.9%
    8.3 Above 99.9%
9. Silver Inks & Pastes Market – By Substrate (Market Size -$Million/Billion)
    9.1 Polyethylene Terephthalate PET
    9.2 Polycarbonate (PC)
    9.3 Polyimide (PI)
    9.4 Glass
    9.5 Others
10. Silver Inks & Pastes Market – By Application (Market Size -$Million/Billion)
    10.1 Printed Circuit Boards
    10.2 Smartphones
    10.3 Radio Frequency Identification (RFI)
    10.4 Bio-sensors
    10.5 Solar Cell
    10.6 Screen Painting
    10.7 Thin Film PV
    10.8 Others
11. Silver Inks & Pastes Market - By End-Use Industry (Market Size -$Million/Billion)
    11.1 Electronics
        11.1.1 Printed Electronics
        11.1.2 Flexible Electronics
        11.1.3 Others
    11.2 Energy and Power
    11.3 Automotive
    11.4 Aerospace
    11.5 Others
12. Silver Inks & Pastes Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Silver Inks & Pastes Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Silver Inks & Pastes Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Silver Inks & Pastes Market – Key Company List by Country Premium Premium
16. Silver Inks & Pastes Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies*"

LIST OF TABLES

1.Global Silver Inks And Pastes Market, by Type Market 2019-2024 ($M)
2.Global Silver Inks And Pastes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Silver Inks And Pastes Market, by Type Market 2019-2024 (Volume/Units)
4.Global Silver Inks And Pastes Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Silver Inks And Pastes Market, by Type Market 2019-2024 ($M)
6.North America Silver Inks And Pastes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Silver Inks And Pastes Market, by Type Market 2019-2024 ($M)
8.South America Silver Inks And Pastes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Silver Inks And Pastes Market, by Type Market 2019-2024 ($M)
10.Europe Silver Inks And Pastes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Silver Inks And Pastes Market, by Type Market 2019-2024 ($M)
12.APAC Silver Inks And Pastes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Silver Inks And Pastes Market, by Type Market 2019-2024 ($M)
14.MENA Silver Inks And Pastes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
2.Canada Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
10.UK Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
12.France Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
16.China Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
17.India Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Silver Inks And Pastes Industry Market Revenue, 2019-2024 ($M)
21.North America Global Silver Inks And Pastes Industry By Application
22.South America Global Silver Inks And Pastes Industry By Application
23.Europe Global Silver Inks And Pastes Industry By Application
24.APAC Global Silver Inks And Pastes Industry By Application
25.MENA Global Silver Inks And Pastes Industry By Application