Conductive Silver Paste Market is Projected to Reach USD 15.0 Billion by 2026, Growing at a CAGR of 11.8% During 2021-2027
Published | January 2021
According to BlueWeaveCon, the global conductive silver paste market worth USD
7.3 billion in 2020, and is further projected to reach USD 15.0 billion by
2027, growing at a CAGR of 11.8% during 2021-2027 (forecast period). Conductive
The demand for conductive silver paste is increasing as rising automotive
across globe Silver paste is used in various automotive applications including
alarm circuits, print-based vehicle defogging systems, antennas, backlights,
etc. Rising vehicle production in major countries of the Asia Pacific such as
China, Japan, India, etc. is likely to increase the product demand in the
upcoming years
Surging growth of electrical &
electronics industry in the Asia-Pacific region
Asia Pacific region the attractive region in the conductive
silver paste market. This is due to rising electronics and electrical inducts
in countries such as Japan, India, and China. The silver conductive adhesive
paste is the most conductive one in conductive adhesives, and circuit
resistivity 8.0x10–6Ω cm for highly conductive paste. Therefore, it is commonly
used in applications in which low electrical resistance is needed. The
electronics sector accounts for 20% to 50% of the total value of exports in
most countries in Asia. High quantities of the world's consumer electronics
like televisions, radios, computers, and cellular phones come from the ASEAN
region. More than 80% of the world's hard drives are made in ASEAN.
Price fluctuation & high cost
Conductive silver paste prices are directly proportional to
silver prices because silver is the single most predominant constituent
material in a silver paste and the cost of silver is significantly more than
the cost of other chemicals used for producing silver paste. Hence, there is a
price fluctuation in the market. Silver price forecast is impacted by supply
and demand, it is also heavily influenced by investors who often buy precious
metals as haven assets during times of economic or political uncertainty.
Though conductive silver paste offers a range of advantages, the high price of
the product is likely to hamper the market.
Polymer Type occupy the largest share of
the Conductive Silver Paste market
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, laserdiode, 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.
Global Conductive Silver Paste Market:
Regional insights
North America catering the largest share and expected to witness
significant growth in the conductive silver paste market during the forecast
period. The high industry growth rate, with the emergence of new technology, is
the major reason. The key providers are continuously upgrading their offerings
to differentiate them from other competitors. This is achieved by various
organic and inorganic strategies. Suppliers operating in the industry are
continuously working on new development, technical expertise, and in-house
capabilities. High opportunity makes the conductive silver paste market more
competitive and suppliers are trying hard to capture the clients. The market is
highly acceptable to innovative products, however, considering the risks
involved in business continuity implementers are still considering brand over
new offerings in the market.
Global Conductive Silver Paste Product
Market: Competitive Landscape
The leading players for the global Conductive Silver Paste
product market include, 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., are expanding their presence in the market by implementing
various business strategies. Major players are engaged in mergers and
acquisitions, expansion of their manufacturing facilities, infrastructural growth,
investment in R&D facilities, and the quest for opportunities to expand
vertically through the value chain.
Don’t miss the business opportunity of
the Conductive Silver Paste market. Consult our analysts, gain crucial
insights, and facilitate your business growth.
The in-depth analysis of the report provides information about
growth potential, upcoming trends, and statistics of global conductive silver
paste market size & forecast. The report promises to provide recent
technology trends of conductive silver paste market and industry insights that
help decision-makers to make sound strategic decisions. Furthermore, the report
also analyzes the growth drivers, challenges, and competitive dynamics of the
market.
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