The global conductive silver paste market will grow at a compound annual growth rate (CAGR) of more than 10% during the forecast period from 2021-2030.
The conductive silver paste is used as adhesion to provide higher solderability of the substance. The paste is made by combining various compounds to form up electrically conductive glue. The surface is highly used to transform a nonconductive surface into a conductive one.
The applications of conductive silver paste in the development of renewable energy would boost its demand in other industries. Moreover, the use of conductive silver paste increases the solar power capacity by five times. This factor is anticipated to boost the growth of the overall market. Moreover, the outstanding performance of conductive silver paste in India has boosted its demand for applications in solar panels.
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Growing demand for conductive adhesives
The developing and developed nations are witnessing a growing use of electronic devices among the population. This, in turn, would grow the demand for raw materials. The conductive silver paste is helpful in eliminating access heat from electronics. Technological advancements require these materials to disrupt the access heat in the appliances. Thus, the global conductive silver paste market is expected to grow during the forecast period.
On the contrary, the expensive cost of the product is expected to slow down the growth of the global conductive silver paste market during the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic has declined the growth of the overall economy in various nations. To control the spread of the virus, the governments had to announce a sudden lockdown, resulting in a halt in several manufacturing factories. Companies also put a break in the operations to prevent the further spread of the deadly virus. Moreover, the disruptions in the supply chain, declining demand for the product, and unavailability of raw materials ultimately slowed down the growth of the global market. Apart from that, the supply of conductive silver paste decreased inevitably, which became another restraint in the growth of the global conductive silver paste market.
Global Conductive Silver Paste Market: Regional Analysis
North America has dominated the market and is forecast to hold the maximum share in the global conductive silver paste market. The region witnesses the maximum use of electronic devices. According to World Bank, the United States registers over 134 mobile cellular subscriptions per 100 people. Moreover, the integration of IoT in devices would boost the demand for vehicle ICs in the upcoming years. Apart from that, the application of Silver paste in ICs helps to reduce the heat. This property of the conductive silver paste would accelerate the growth of the global conductive silver paste market during the forecast period.
Key Players
- Toyo Ink Co. Ltd. (Japan)
- Nordson Corporation (United States)
- Henkel AG & Co. KGaA (Germany)
- Nippon Kokuen Group
- Asahi Chemical Research Laboratory Co., Ltd (Japan)
- Taiwan Ostor Corporation
- Heraeus Holding (Germany)
- Daikin Chemical Co. Ltd.(United States)
- Kaken Tech Co. Ltd. (Japan)
- American Elements (United States)
- Fujifilm Holdings Corporation (Japan)
- DuPont de Nemours, Inc. (United States)
- Other prominent players
Market Segmentation
By Type
- Polymer Type
- Sintering Type
By Application
- Solar panels
- Integrated Circuits
- Automobile Glass
- Printed Circuit Board Tracks
- Membrane Switches
- Electronic devices
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Conductive Silver Paste Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Conductive Silver Paste market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Conductive Silver Paste Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Conductive Silver Paste market Size Forecast (2023-2032).
Continue….
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Conductive Silver Paste market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Conductive Silver Paste market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Conductive Silver Paste market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Conductive Silver Paste business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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