European governments have enacted environmental restrictions to encourage industries to replace heavy materials in devices with modern lightweight materials. In addition, consumer desire for tiny and lightweight electronics has pushed the consumer electronics industry to miniaturize its products. Moreover, rapidly increasing IoT-based applications and rising miniaturization trends are driving the demand for conductive inks. The rapidly increasing usage of smartphones and connected devices propels the need for smaller and lighter sensors with low-power requirements and enhanced performance, which stimulates the demand for miniaturization. Conductive inks are efficient, effective, and reliable. They are extensively utilized to improve efficiency and reduce the weight of electronic components by replacing traditional wire and circuit arrangements. Conductive inks have various advantages such as reduced material density, low component weight, and easy handling. As a result, there is an increase in the adoption of conductive inks to improve the quality and quantity of small and efficient electronics.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe conductive inks market. The Europe conductive inks market is expected to
grow at a good CAGR during the forecast period.
Europe Conductive Inks Market Segmentation
The Europe conductive inks market is segmented based on type, application, and country. Based on type, the market is segmented into silver conductive ink, carbon conductive ink, polymer conductive ink, and copper conductive ink. The carbon conductive ink segment dominated the Europe conductive inks market in 2021. Based on application, the market is segmented into solar panels, touch screens, membrane switches, medical devices, printed circuit boards, sensors, heating elements, radio frequency identification, cell phone antennas, automotive, and others. The printed circuit boards segment dominated the Europe conductive inks market in 2021. Based on country, the Europe conductive inks market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe conductive inks market in 2021.
DuPont de Nemours, Inc; Henkel AG & Co. KGaA; Heraeus Holding GmbH; MERCK KGaA; InkTec; NovaCentrix; Poly-ink; Inkroy Oy; and Molex, LLC (Koch Industries, Inc.) by Altair are among the leading companies in the Europe conductive inks market.