Non-Conductive Ink Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Non-Conductive Ink Market Analysis
The market for non-conductive ink is expected to grow at a CAGR of around 6% globally. Major factor driving the market studied is the growth in demand for printed circuit boards, along with growing electronic and electrical industry. On the flip side, fluctuations in raw material pricing and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
- The printed circuit board panels segment is expected to dominate the application segment of the global non-conductive ink market owing to increasing usage of printed circuit boards in medical devices, consumer electronics, automotive, aerospace, among others.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, South Korea, India, and Japan.
Non-Conductive Ink Market Trends
This section covers the major market trends shaping the Non-Conductive Ink Market according to our research experts:
Increasing Demand for Printed Circuit Boards
- Printed Circuit Boards (PCB) have widened application scope across electronics industry. It offers excellent electrical and mechanical properties such as low dielectric constant, high moisture barriers, controllable thermal coefficient of expansion, high-frequency properties, among others.
- In addition, the increasing deployment of PCB panels in medical devices, consumer electronics, automotive, aerospace, and lighting applications. The advancements in these industries is expected to in turn drive the non-conductive inks market.
- Apart from this, an PCB has low coefficient of hydroscopic expansion (CHE), which helps it to stay stable and flat when the moisture level changes.
- PCB offers superior thermal stability and can retain temperatures of up to 250°C, it is also inherently flame-retardant, which protects the electronic circuit in high temperature applications.
- The growth of the glass substrate segment is attributable mainly to the increased usage of glass in the electronics and electrical industry where these substrates are deployed commonly in displays and photovoltaics. The developing electronic & electrical industry is further expected to drive the demand for non-conductive inks market.
Asia Pacific Region to Dominate the Market
- Asia-Pacific non-conductive ink market is anticipated to witness the highest CAGR during the period on account of rapid expansion and consumption of electronics and automotive industry from countries like China, South Korea, Japan, and India.
- China is the largest electronics production base globally and offers a tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, among others, witness the highest growth rates in the consumer electronics segment of the market, in terms of demand.
- With the increase in the disposable incomes of the middle-class population, the demand for electronic products is projected to increase steadily in the future, thereby, driving the market growth. With over 200 mobile phone manufacturing units set up in the country in the past five years, India has emerged as the second-largest mobile phone manufacturer in the world.
- The Chinese automotive manufacturing industry is the largest in the world. The 'Made in China 2025' initiative is anticipated to support the upgrade of the existing low-cost mass production to higher value-added advanced manufacturing.
- Due to the aforementioned factors, the demand for non-conductive inks is expected to increase in the region during the forecast period.
Non-Conductive Ink Industry Overview
The Global Non-Conductive Ink Market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are DuPont, Henkel Corporation, Teikoku Printing Inks Mfg.Co.,Ltd., Poly-ink and SunChemical and among others.
Non-Conductive Ink Market Leaders
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DuPont
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Henkel Corporation
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Teikoku Printing Inks Mfg.Co.,Ltd.
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Poly-ink
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SunChemical
*Disclaimer: Major Players sorted in no particular order
Non-Conductive Ink Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand for Printed Circuit Boards
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4.1.2 Growing Electronic and Electrical Industry
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4.2 Restraints
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4.2.1 Fluctuation in Raw Material Pricing
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4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Substrate Type
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5.1.1 Acrylic
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5.1.2 Ceramic
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5.1.3 Glass
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5.2 Application
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5.2.1 Photovoltaic Panels
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5.2.2 Printed Circuit Board Panels
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5.2.3 LED Packaging
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%) /Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Applied Ink Solutions
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6.4.2 Creative Materials Inc.
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6.4.3 DuPont
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6.4.4 Henkel Corporation
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6.4.5 Nagase America LLC
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6.4.6 NovaCentrix
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6.4.7 Poly-ink
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6.4.8 SunChemical
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6.4.9 Teikoku Printing Inks Mfg.Co.,Ltd.
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6.4.10 Vorbeck Materials
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Non-Conductive Ink Industry Segmentation
The Non-Conductive Ink Market report includes:
| Substrate Type | |
| Acrylic | |
| Ceramic | |
| Glass |
| Application | |
| Photovoltaic Panels | |
| Printed Circuit Board Panels | |
| LED Packaging |
| Geography | |||||||
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Non-Conductive Ink Market Research FAQs
What is the current Non-Conductive Ink Market size?
The Non-Conductive Ink Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in Non-Conductive Ink Market?
DuPont, Henkel Corporation, Teikoku Printing Inks Mfg.Co.,Ltd., Poly-ink and SunChemical are the major companies operating in the Non-Conductive Ink Market.
Which is the fastest growing region in Non-Conductive Ink Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Non-Conductive Ink Market?
In 2024, the Asia Pacific accounts for the largest market share in Non-Conductive Ink Market.
What years does this Non-Conductive Ink Market cover?
The report covers the Non-Conductive Ink Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Non-Conductive Ink Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Non-Conductive Ink Industry Report
Statistics for the 2024 Non-Conductive Ink market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Non-Conductive Ink analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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