Apr 01,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Non-Conductive Ink Market.
It was estimated prior to this unanticipated outbreak that the Non-Conductive Ink Market was expected to grow at a CAGR of 7.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Non-conductive ink does not pass electricity through it and has high electrical resistance of ink layer. Non-conductive inks are printable inks and are majorly used in printed electronics, displays and photovoltaic cells.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the substrate type, the market is segmented as glass, ceramic, acrylic, and others. The glass segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period owing to its excellent printability. It is majorly used in electrical and electronic segment where it is preferred in displays and photovoltaics.
Based on the application type, the market is segmented as PCB panels, PV panels, LED packaging, and others. The PCB panels segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period owing to increase in production of PCB panels and increase in their usage in medical devices, consumer electronics, automotive, aerospace, and lighting applications. The growth of these industries drives the demand of non-conductive inks market.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing non-conductive ink market during the forecast period owing to higher consumption of non-conductive ink in China, Japan, and India. Asia-pacific is the hub for electronics and electric equipment. The higher demand of non-conductive ink is majorly driven by increase in production of PCB panels and rising manufacturing activities in the region.
Some of the Non-Conductive Ink manufacturers are-
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Non-Conductive Ink Market analysis report discusses the following heads in great detail: