Conductive Silver Paste Market size is predicted to reach $13 billion by 2030, growing at a CAGR of 9% during the forecast period 2023-2030. A conductive adhesive with silver nanoparticles as its principal component is called conductive silver paste. The market is anticipated to increase as a result of rising demand for conductive adhesives in electronics and the expansion of 5G communication infrastructure. Additionally, it is anticipated that rising usage of renewable energy will fuel market expansion. The demand for conductive silver paste in industries such as automotive, electronics and solar energy., which is driving the demand for conductive silver paste market which is anticipated to propel the Conductive Silver Paste Market during the forecast period, finds IndustryARC in its recent report, titled “Conductive Silver Paste Market Size, Share & Trends Analysis Report By Type, (Polymer Type, Sintering Type), By Product (Front Side, Back Side), By Base Resin (Epoxy, Polyamide), By Grade (Pharmaceutical, Industrial and Others), By Application (Optoelectronic Devices, Membrane Switches, Automobile Lighting, Integrated, Screen Printing, Solar Cells, Others), By End User Industry (Electronics, Aerospace, Medical, Automotive, Solar Energy, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030.”
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Highest Share of North America:
During the forecast period of 2023-2030, the North America region is expected to exhibit the highest share of XX% in the global Conductive Silver Paste Market. The region has the highest rate of electronic device use. The World Bank estimates that there are about 134 mobile cellular subscriptions registered in the United States for every 100 inhabitants. Additionally, the IoT’s integration into products will increase demand for automotive ICs in the future years. In addition, applying silver paste to ICs helps to lower the heat. During the projection period, the conductive silver paste market would expand more quickly due to this attribute of the product.
Conductive Silver Paste Market2023-2030: Scope of the Report
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Report Metric |
Details |
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Base Year Considered |
2022 |
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Forecast Period |
2023–2030 |
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CAGR |
9% |
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Market Size in 2030 |
$13 billion |
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Segments Covered |
Type, Product, Base Resin, Grade, Application, End User Industry and Region |
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Geographies Covered |
North America, South America, Europe, APAC, Middle East & Africa |
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Key Market Players |
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Conductive Silver Paste Market Report – Key Takeaways:
Sintering Segment to Register the Fastest Growth
In the Conductive Silver Paste Market Analysis, the Sintering segment is estimated to grow with the highest CAGR of XX% during the forecast period 2023-2030. Solar cells, printed circuit boards, capacitors, conductive adhesives, and other products are made with sintered conductive silver paste. The paste can be spread without changing the deposition and is employed across a variety of high-metal-loading applications. For strong joints to develop on Leadframes, IPM pads, and DBCs, pastes must be sintered. In contrast to polymer types, this approach promotes bond formation, improves solderability, and expands the market for conductive silver paste globally.
Solar Energy Sector is the Fastest Growing Segment in the Market
According to the Conductive Silver Paste Market forecast the research, development, and demonstration projects seek to advance domestic solar manufacturing, promote solar panel recycling, and create new solar technologies that are created in the United States.
According to the U.S. Department of Energy (DOE) 2023, The Biden-Harris Administration’s targets of a 100% clean electricity grid by 2035 and net-zero carbon emissions by 2050 must be met, and this requires accelerating solar energy manufacture, production, adoption, and integration across America. owing to the fact that silver is a crucial component in the creation of solar PV panels, the expansion of the silver paste sector is a result of the increased demand for solar energy.
Growing Need for Conductive Adhesives in the Electronics Industry
The consumption of numerous electronic devices has increased in both developing and developed countries. In order to coordinate and help machines, these gadgets rely on Integrated Chipsets (IC), therefore the raw material is essential to maintaining that efficiency. The substrates are held firmly in place owing to the better solderability of the conductive silver paste.
According to IPC International Inc, sales in the North American PCB Industry rose by 6.7%. The development of printed circuit boards, switches, and television screens, among other things, is evidence of silver’s abilities as one of the best electrical conductivity materials. In addition, conductive silver paste is employed to cool electronics. The demand for heat dissipation has increased due to technological developments, which has supported the expansion of the global market for conductive silver paste.
Price Volatility and Rising Costs Acts as a Major Market Challenge.
The thermal and conductivity effects of the conductive silver paste may differ. The market for conductive silver paste is expanding globally, but this growth is being constrained by the product’s rising costs. The market’s expansion will be hampered by the rising expenses of trading silver, which are expected to remain unchanged for the foreseeable future. Furthermore, several developing nations still find renewable energy to be too pricey, making it overpriced. Therefore, it makes using the conductive silver paste less beneficial in certain places.
The demand is also maintained by the growing need for alternatives like aluminum paste. Although there are price swings for aluminum paste, it is still reasonably priced compared to silver paste. As a result, a product’s application in certain niche markets is determined by its high price. During the projected period, these traits are anticipated to restrain the development of conductive silver paste.
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Key Opportunity Analysis:
Growing Automobile Industry
The demand for conductive silver paste is significantly impacted by the expanding automotive industry. Vehicles are increasingly depending on electronic components as automotive technology develops for a variety of purposes, including safety systems, infotainment, powertrain control, and more. The production of electronic components used in autos depends heavily on conductive silver paste.
According to Society of Indian Automobile Manufacturers, the overall Commercial Vehicles sales increased from 7,16,566 to 9,62,468 units. These factors will likely cause the market for conductive silver paste to expand in tandem with the growth of the automobile sector. The need for conductive silver paste from producers of vehicle electronics is probably going to rise.
Rising Adoption of Smartphones.
The demand for conductive silver paste has been significantly impacted by the growing popularity of smartphones. With billions of devices sold each year globally, smartphones and other mobile devices are becoming more and more common in contemporary society. Conducive silver paste is a crucial component of these devices’ production process as they become increasingly complex and small, requiring intricate circuitry and components.
According to the research conducted by Google, 80% of the world’s population use smartphones. The need for more modern electrical components and better conductive materials has grown in response to the rising desire for smaller, more powerful smartphones with greater resolutions and better performance. High electrical conductivity, thermal stability, and compatibility with different substrates are advantages of conductive silver paste.
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The Report also Covers the Following Areas:
Conductive Silver Paste Market Size and Forecast
Conductive Silver Paste Market Trends
Conductive Silver Paste Market Analysis by Deployment Type
Conductive Silver Paste Market2023-2030: Key Highlights
CAGR of the market during the forecast period 2023-2030
Value Chain analysis of key stake holders
Detailed analysis of market drivers and opportunities during the forecast period
Conductive Silver Paste Market size estimation and forecast
Analysis and predictions on end users’ behavior and upcoming trends
Competitive landscape and Vendor market analysis including offerings, developments, and financials
Comprehensive analysis of challenges and constraints in the Conductive Silver Paste Market.
Covid and Ukrainian Crisis Impact:
As the COVID-19 epidemic spread across the globe, the global economy was negatively impacted. As a result, many nations had to enact nationwide lockdowns in order to stop the virus from spreading. In order to curb the virus’s spread, companies and manufacturers had to halt their operations. The shutdown hindered the supply chain, reducing the number of sectors that used silver paste as a raw material. The enterprises also had to deal with a supply of silver paste that was less conductive, which prevented future growth. However, some people are spending more on electronics in response to the introduction of vaccinations, which could increase the production capabilities of firms. As a result, it is projected that manufacturing of conductive silver paste would increase.
The invasion of Ukraine by Russia in 2022 caused global disruptions in the markets. The conflict between Russia and Ukraine has an effect on international trade and supply chains, and it may have an impact on the cost and availability of raw materials, including those required for the production of conductive silver paste. Any interruption to these supply could have an impact on the market for silver paste since Ukraine is known to be a large source of several metals, including silver.
Furthermore, conflicts and geopolitical unrest result in modifications to international trade regulations, tariffs, and export limitations. These modifications have an impact on the availability and price of conductive silver paste on the world market.
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List of Key Market Players in Conductive Silver Paste Market:
The key companies profiled in the Conductive Silver Paste Market Report are listed below:
Dycotec Materials Ltd
KYOTO ELEX CO LTD
Nordson Corporation
Nippon Kokuen Group
Taiwan Ostor Corporation
Daiken Chemical Group
KAKEN TECH Co Ltd
Heraeus company
American Elements
Shanghai Daejoo
Soltrium
Daicel Corp
Ferro Corp
Fujikura Kasei Co., Ltd
Fukuda Metal Foil & Powder Co ltd?
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Conductive Inks Market – The Conductive Inks Market size is projected to grow at a CAGR of 4.1% from 2022 to 2027, comparing conductive inks to conventional industry standards for conducting, such as etching copper from copper-plated substrates to generate conductive traces on other substrates, conductive inks can be more cost-effective.
Electrically Conductive Adhesives Market – The Electrically Conductive Adhesives Market size is projected to grow at a CAGR of 8.2% during the forecast period from 2022 to 2027. Electrically conductive adhesives are used in a variety of end-use industries, including medical and healthcare, consumer goods, and more. This is mainly because they contain filler materials like carbon, nickel graphite, and silver fillers, which offer excellent physical strength, high adhesion, and effective electrical conductivity.
Transparent Conductive Films Market – The Transparent Conductive Films Market size is growing at a CAGR of 9.4% during the forecast period 2022 to 2027. Globally, rising demand for touchscreen technology and expanding solar PV installed capacity are anticipated to continue to be the main development drivers over the forecast period.
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