Global Conductive Silver Paste Market size- Industry Trends & Forecast Report 2026.
The global Conductive Silver Paste market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 7.3 billion in 2019. The market is further expected to touch USD 15.0 billion by 2026, growing at a CAGR of 11.8% during 2020-2026 (forecast period). The conductive silver paste market is likely to grow in the forecast timeframe due to witness a rise in demand in the forecast period due to the great properties of it such as better yields and higher outputs for solar PV cell manufacturers. The paste compositions are a series of screen printable front and backside silver conductors for monocrystalline and multi-crystalline solar cells.
Source: BlueWeave Consulting
Global Conductive Silver Paste Market Overview:
Conductive silver paste is used across automotive, manufacturing, solar, electronics, and electrical and among others. Polymer Type conductive paste is manufactured by using high conductive polymer technology and is available in different grades as per the customer requirements. Some of the properties of polymer type conductive pastes include high adhesion to PET films, high bending resistance, better workability, and storage stability among others. Sintering type conductive pastes are used in applications such as die to attach, solder replacement, power LED, power semiconductor, laser diode, and AuSn solder replacement among others. The paste guarantees strong adhesion due to the sintered metal approach and is durable even at high temperatures. Some of the other advantages, better adhesive strength, low interface thermal resistance, and long work-life among others
Conductive Silver Paste Market Forecast and Trends
Increasing growth of renewable energy sources (Solar Energy)
In the photovoltaic process, the technique of metallization is screen printing with silver pastes due to its simple and quick process. Copper has been researched by many institutes and companies since it has a similar conductivity with silver even though the price is inexpensive. Conductive silver paste (Ag paste) materials provide better yields and higher outputs for solar PV cell manufacturers. The paste compositions are a series of screen printable front and backside silver conductors for monocrystalline and multi-crystalline solar cells. In addition, Conductive silver paste helps to improve power generation efficiency. The impact of the driver is high.
Increasing demand for conductive adhesives in electronics
Silver is an excellent source of electrical conductivity which makes it a natural choice for everything from printed circuit boards to switches and TV screens. Silver membrane switches, which require only a light touch, are used in buttons on televisions, telephones, microwave ovens, children's toys, and computer keyboards. Silver is found in virtually every electronic device. Electronics and electrical demand, the largest component of industrial silver demand, China, the United States, Japan, Germany, and India were the main demand centers in this category. For PCB, silver is used in consumer items from mobile phones to computers, silver-based inks and films are applied to composite boards to create electrical pathways.
Price fluctuation & high cost
The conductive silver paste offers a range of advantages, but the high price of the product is likely to hamper the market and is acting as the biggest market restraints factor. The high cost may shift the consumer demand to other alternatives such as aluminum paste. In addition, the Aluminum paste also faces price fluctuations but is available at a reasonable cost compared to silver paste. The high product price will limit the product application only to certain specific areas. The factor is expected to hamper the growth of conductive silver paste and its impact is high.
Impact of COVID-19 in industry
The global economy and humanity have been pushed into a crisis due to the COVID-19 pandemic. Due to the high infection rate and adverse impact on public health systems, various governments have enforced nationwide lockdowns significantly impacting manufacturing supply chains, trade, and related services. Players are currently considering digital solutions that would enable them to serve the community and provide new opportunities to do business. The Application, manufacturing, supply chain, and other operations, have slowed down globally aimed to limit the spread of coronavirus,
The global impact of the coronavirus disease 2019 (COVID-19) is likely only beginning and would significantly affect the Anti-Glare Film market in 2020. The outbreak of COVID-19 has brought with it travel bans and quarantines; massive slowing of the supply chain; uncertainty in the stock market; falling business confidence, and growing panic among the population. Despite the growing uncertainty and panic, technology suppliers must continue to focus on their long-term investments, maintain engagement with partners and prospects, and look to specific markets for stability.
Conductive Silver Paste Market: By Type
Based on the type, the conductive silver paste market is segmented into polymer type, sintering type. The polymer type segment is likely to dominate the market due to its great properties. This conductive paste is manufactured by using high conductive polymer technology and is available in different grades as per the customer requirements. Some of the properties of polymer type conductive pastes include high adhesion to PET films, high bending resistance, better workability, and storage stability among others. Sintered silver is a very promising option in automotive power electronics for die-attach and substrate-attach material as it offers many benefits compared to conventional solders.
Source: BlueWeave Consulting
Conductive Silver Paste Market: Regional Insight
North American region is likely to dominate in the Conductive Silver Paste market, followed by the Asia Pacific, and others.
The developing countries like the US and Canada have major opportunities for industrial production, retail sales, and fixed-asset investment for online exam proctoring. Several other economies such as Indonesia, the Philippines, and Singapore in the Asia Pacific region are also forecast to grow at modest rates. The company's productivity is directly proportional to the productivity of workers. Hence, businesses in these regions are commonly embracing different instruments to help workers increase their productivity.
· In June 2020, Nordson Corporation Acquires Fluortek, Inc., Expanding Medical Tubing Offerings for Complex Medical Devices.
· On 30 Nov 2020-Henkel has firmly established itself as a one-stop global partner for the metal coil market. New product technologies concentrate heavily on helping customers handle next-generation alloy process needs while addressing cost and regulatory challenges.
· In 2019, For SNEC 2019, Heraeus Photovoltaics delivers new standards for efficiency and value with the introduction of its next generation of high-performance metallization pastes.
The Conductive Silver Paste market is fragmented owing to the presence of several companies that provides varied online exam proctoring. However, the companies that hold the majority share of the Conductive Silver Paste market are TOYO INK, Nordson Corporation, Henkel, Nippon Kokue group, Asahi Chemical Research Laboratory Co., Ltd, Taiwan Ostor Corporation, Heraeus Holding, DAIKIN CHEMICAL CO, KAKEN TECH Co, American Elements, Suzhou Betely, and others.
In the Conductive Silver Paste market, prominent market participants compete based on price and product quality. Small and medium-sized market players are expected to show considerable improvements in the foreseeable future, given the moderate level of capital expenditure needed to set up a business. The large-sized companies, however, are likely to aim for global expansion, in a bid to gain a more considerable brand reputation.
Scope of the Report
Historical data – 2016-2019
Base Year – 2020
Forecast – 2021 – 2026
Revenue in USD Million
U.S, Canada, Germany, UK, France, Italy, Spain, Russia, Brazil, Japan, South Korea, China, UAE, South Africa, UAE, Turkey
By Type, By Application and By Region
TOYO INK, Nordson Corporation, Henkel, Nippon Kokue group, Asahi Chemical Research Laboratory Co., Ltd, Taiwan Ostor Corporation, Heraeus Holding, DAIKEN CHEMICAL CO, KAKEN TECH Co, American Elements, Suzhou Betely, and others.
Scope of the Report
Ø Polymer Type
Ø Sintering Type
Ø Solar panels
Ø Integrated Circuits
Ø Automobile Glass
Ø Printed circuit board Tracks
Ø Membrane Switched
Ø Electronic devices
Ø North America
Ø Asia Pacific
Ø Middle East and Africa
Ø Latin America